ACE Edutrend Ltd. के अकाउंट के लिये नोट

Mar 31, 2025

k) Provision & Contingencies and Commitments

Provisions are recognized when the Company has a present obligation
(legal or constructive) as a result of a past event, and it is probable that
the Company will be required to settle the obligation, and a reliable
estimate can be made of the amount of the obligation. The amount
recognized as a provision is the best estimate of the consideration
required to settle the present obligation at the end of the reporting period,
taking into account the risks and uncertainties surrounding the obligation
A disclosure for contingent liabilities is made where there is a possible
obligation that arises from past events and whose existence will be
confirmed only by the occurrence or non- occurrence of one or more
uncertain future events not wholly within the control of the entity.

A contingent asset is a possible asset that arises from past events and
whose existence will be confirmed only by the occurrence or non¬
occurrence of one or more uncertain future events not wholly within the
control of the entity.

Commitments include the amount of purchase order (net of advances)
issued to parties for completion of assets.

Provisions, contingent liabilities, contingent assets and commitments are
reviewed at each reporting period.

l) Provision for Gratuity

No provision for gratuity has been made as the provisions of Payment of
Gratuity Act, 1972 are not applicable.

1) Other Notes to Accounts

i. In the opinion of Board of Directors, the aggregate value of Current
assets, Loans and Advances are realizable in ordinary course of business
and will not be less than the amount at which these are stated in the
balance sheet.

ii. Deferred Tax Asset for the year of Rs. -665.35/- as per Ind AS 12 on
Accounting for Taxes on income pertaining to the timing between the
accounting income and the taxable income has been recognized by the
management in the Profit & Loss Account.

iii. Remuneration to Key Management Personnel:

Note 15: Other Disclosure

a) Segment reporting:

The Company is operating in Education, Segment so these financial statements are reflective of
the information required by Ind AS 101.

b) There are Micro, Small and Medium Enterprises, to whom the Company owes dues, which are
outstanding for more than 45 days as at 31st March, 2025. This information as required to be
disclosed under the Micro, Small and Medium Enterprises Development Act, 2006 has been
determined to the extent such parties have been identified on the basis of information available
with the Company.

c) Disclosures as required by Indian Accounting Standard (Ind AS) 37:- Provisions,
Contingent liabilities and Contingent assets
Nature of provision (Provision for contingencies)

Income Tax demand Rs.5931090/- for AY 2013, Rs.320830/- for AY 2016, Rs. 459130/- for
AY 2010, Rs. 4202910/- AY 2012, Rs. 4652540/- AY 2015, Rs. 4199300/- AY 2014, Rs.
2642470/- AY 2011, Rs.536570/- AY 2018 has raised by the department although company
do not agree with the demands and the Company is doing efforts for early disposal of the
cases. Also there is some TDS liability reflected in default summary online portal. Rs. 5000
AY 23-24, Rs.200 AY 2022-23, Prior period Rs. 360

Related party Transactions

(A) There are no related party transactions during the year.

f) Sundry debtors, Sundry Creditors, Loan & Advances have been taken at their book
value and are subject to confirmation and reconciliation.

g) Loans and Advances are considered good in respect of which company does not hold
any security other than personal guarantee of persons.

h) In the opinion of the management and to the best of the knowledge and belief, the
value of realization of current assets, Loans & Advances in the ordinary course of
business would not be less than the amount stated in the Balance sheet. The provision
of all known liabilities is adequate and is neither in excess nor short of the amount
reasonably necessary.

i) The Company did not have any long-term contracts including derivative contracts for
which there were any material foreseeable losses.

j) During the current year the Company has not made any transaction involving
payment of foreign currency.

k) Previous year figures have been regrouped and rearranged, wherever found
necessary, to confirm the current year''s classification.

Notes to financial statements for the year ended 31st March 2025

(Amount in Rupees, unless otherwise stated)

16. Fair values

Set out below, is a comparison by class of the carrying amounts and fair value of the Company’s
financial instruments, other than those with carrying amounts that are reasonable approximations of
fair values:

The management assessed that cash and cash equivalents, trade receivables, other bank balances
and trade payables approximate their carrying amounts largely due to the short-term maturities of
these instruments. The fair value of the financial assets and liabilities is included at the amount at
which the instrument could be exchanged in a current transaction between willing parties, other
than in a forced or liquidation sale.

The Company determines fair values of financial assets and financial liabilities by discounting the
contractual cash inflows/ outflows using prevailing interest rates of financial instruments with
similar terms. The initial measurement of financial assets and financial liabilities is at fair value.
The fair value of investment is determined using quoted net assets value from the fund. Further, the
subsequent measurement of all financial assets and liabilities (other than investment in mutual
funds) is at amortised cost, using the effective interest method.

17. Financial risk management objectives and policies

The Company’s principal financial liabilities comprise trade payables, employee related
liabilities, etc. The main purpose of these financial liabilities is to finance the Company’s
operations. The Company’s principal financial assets include trade and other receivables, cash and
cash equivalents, security deposits, etc. that derive directly from its operations.

The Company is exposed to market risk, credit risk and liquidity risk. The company''s senior
management oversees the management of these risks. The company''s senior management is
responsible for formulating an appropriate financial risk governance framework for the Company
and periodically reviewing the same. The company''s senior management ensures that financial
risks are identified, measured and managed in accordance with the Company’s policies and risk
objectives. The company''s senior management reviews and agrees policies for managing each of
these risks, which are summarised below.

A. Market Risk

Market risk is the risk that the fair value of future cash flows of a financial instrument will
fluctuate because of changes in market prices. Market prices comprise three types of risk:
interest rate risk, foreign currency risk and price risk. Financial instruments affected by market
risk include fixed deposits and FVTPL investments.

- Interest Rate Risk

The company does not have borrowings or significant interest-bearing assets. So, the Company
is not exposed to such risk.

- Foreign currency risk

The Indian Rupee is the Company’s most significant currency. As a consequence, the
Company’s results are presented in Indian Rupee. Foreign currency risk is the risk that fair value
or future cash flows of a financial instrument will fluctuate because of changes in foreign
exchange rates. The Company transacts business majorly in local currency and there is no
significant foreign currency transactions, therefore do not pose a significant foreign currency
risk on the company.

B. Credit Risk

Credit risk is the risk that counterparty will not meet its obligations under a financial instrument
or customer contract, leading to a financial loss. The Company is exposed to credit risk from its
operating activities (primarily trade receivables) and from its investing activities, including
deposits with banks and financial institutions. Management has a credit policy in place and the
exposure to credit risk is monitored on an ongoing basis. Credit evaluations are performed on all
customers requiring credit over a certain amount.

- Trade Receivables

Customer credit risk is managed by each business unit subject to the Company’s established
policy, procedures and control relating to customer credit risk management. Outstanding
customer receivables are regularly monitored. An impairment analysis is performed at each
reporting date on an individual basis for major clients. The maximum exposure to credit risk at
the reporting date is primarily from trade receivables amounting to Rs.17.39 crore for the F.Y.
2021-22 and are typically unsecured

- Financial instruments and cash deposits

Credit risk from balances with banks and financial institutions is managed by the Company’s
treasury department in accordance with the Company’s policy. Investments of surplus funds
are made only with approved counterparties and within credit limits assigned to each
counterparty. The limits are set to minimise the concentration of risks and therefore mitigate
financial loss through counterparty’s potential failure to make payments.

The Company’s maximum exposure to credit risk for the components of the Balance Sheet at
reporting dates are the carrying amounts as illustrated in note below.

The carrying amount of financial assets represents the maximum credit exposure. The
maximum exposure to credit risk at the reporting date was:

(C) Liquidity Risk

The Company monitors its risk of a shortage of funds using a liquidity planning tool.

The Company’s treasury function reviews the liquidity position on an ongoing basis. The Company
has access to a sufficient variety of sources of funding.

The following are the contractual maturities of the financial liabilities, including estimated interest
payments as at 31 March 2025:

It is not expected that the cash flows included in the maturity analysis could occur significantly earlier,
or at significantly different amounts.

18. The company’s policy is to maintain a strong capital base so as to maintain investor, creditor
confidence and to sustain future development of the business. The company''s senior management
monitor the return on capital employed and gearing ratio.

For and on behalf of the Board of Directors
M/s Ace Edutrend Limited

For Asha & Associates
Chartered Accountants

Sd/-

CA Asha Taneja

Partner Sd/- Sd/-

M. No. 096107 Monendra Srivastava Himani Sharma

FRN: 024773N Managing Director & CFO Director

DIN:07489845 DIN:08299061

UDIN: 25096107BMOYWT3788

Date:21.05.2025
Place: New Delhi

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Mar 31, 2024

k) Provision & Contingencies and Commitments

Provisions are recognized when the Company has a present obligation (legal or constructive) as
a result of a past event, and it is probable that the Company will be required to settle the
obligation, and a reliable estimate can be made of the amount of the obligation. The amount
recognized as a provision is the best estimate of the consideration required to settle the present
obligation at the end of the reporting period, taking into account the risks and uncertainties
surrounding the obligation

A disclosure for contingent liabilities is made where there is a possible obligation that arises
from past events and whose existence will be confirmed only by the occurrence or non¬
occurrence of one or more uncertain future events not wholly within the control of the entity.

A contingent asset is a possible asset that arises from past events and whose existence will be
confirmed only by the occurrence or non-occurrence of one or more uncertain future events not
wholly within the control of the entity.

Commitments include the amount of purchase order (net of advances) issued to parties for
completion of assets.

Provisions, contingent liabilities, contingent assets and commitments are reviewed at each
reporting period.

l) Provision for Gratuity

No provision for gratuity has been made as the provisions of Payment of Gratuity Act, 1972 are
not applicable.

2) Other Notes to Accounts

i. In the opinion of Board of Directors, the aggregate value of Current assets, Loans and Advances
are realizable in ordinary course of business and will not be less than the amount at which these
are stated in the balance sheet.

ii. Deferred Tax Asset for the year of Rs. -642909/- as per Ind AS 12 on Accounting for Taxes on
income pertaining to the timing between the accounting income and the taxable income has
been recognized by the management in the Profit & Loss Account.

For and on behalf of the Board of
For Asha & Associates, Directors of

M/s ACE Edutrend Limited

Chartered Accountants

Sd/- Sd/-

Monendra Srivastava Himani Sharma

Partner Managing Director, CFO Director

M.No. 096107 DIN: 07489845 DIN:08299061

FRN:024773N
UDIN:24096107BKFNHC2414

Place : New Delhi Sd/- Sd/-

Date : 28th May, 2024 Karan Jindal Sushm a Jain

Company Secretary Director

M. No.- A71387 DIN: 08545336

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Mar 31, 2014

1. Estimated amount of contracts remaining to be executed on Capital Account and not provided for NIL (Previous year NIL)

2. Provision for Taxation has been made after taking into consideration carried forward losses and in accordance with the provisions of Section 115JB of the Income Tax Act, 1961 (i.e. Minimum Alternate Tax Provisions).

3. No provision has been made for gratuity as none of the employees of the company has completed the eligible tenure of the services as per the provisions of the Gratuity Act.

4. Corresponding figures of previous year have been regrouped and/ or rearranged to confirm with this year''s grouping wherever found necessary.

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Mar 31, 2012

I) There's no change in any accounting policy during current year

Deferred Tax Liability in respect of Depreciation Rs. 25,74,738

Deferred Tax Assets in respect of Brought Forward

Losses and Tax Credit u/s 115JAA of the Income Tax Act, 1961 (i.e. Minimum Alternate Tax Provisions)

Deferred Tax Liability (Net Deferred Tax Assets) Rs. 25,74,738

The earnings considered in ascertaining the Company EPS comprises the net profit after tax and includes the post tax effect of any extra ordinary items. The number of shares used in computing basic EPS is the weighted average number of shares outstanding during the year.

(1) Estimated amount of contracts remaining to be executed on Capital Account and not provided for NIL (Previous year NIL)

(2) Provision for Taxation has been made after taking into consideration carried forward losses and in accordance with the provisions of Section 115JB of the Income Tax Act, 1961 (i.e. Minimum Alternate Tax Provisions).

(3) No provision has been made for gratuity as none of the employees of the company has completed the eligible tenure of the services as per the provisions of the Gratuity Act.

(4) Corresponding figures of previous year have been regrouped and/ or rearranged to confirm with this year's grouping wherever found necessary.

(5) Expenditure in Foreign Currency: NIL

Notes forms an integral part of Accounts and have been duly authenticated.

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Mar 31, 2011

I) The Company has written off its leasehold assets of Rs. 17,40,008 due to of Obsolescence assets and no residual value is received from it.

ii) Depreciation policy has been changed by the Company due to more appropriate preparation or presentation of the financial statement. Depreciation on fixed assets is provided on Written Down Method instead of Straight Line Method in accordance with Section 205(2) (b) of the Companies Act, 1956, as per the rates specified in Schedule XIV to the Companies Act, 1956.

iii) The earnings considered in ascertatining the Company EPS comprises the net profit after tax and include the post tax effect of any extra ordinary items. The number of shares used in computing basic EPS is the weighted average number of shares outstanding during the year.

iv) Estimated amount of contracts remaining to be executed on Capital Account and not provided for NIL (Previous year NIL)

v) Provision for Taxation has been made after taking into consideration carried forward losses and in accordance with the provisions of Section 115JB of the Income Tax Act, 1961 (i.e. Minimum Alternate Tax Provisions).

vi) No provision has been made for gratuity as none of the employees of the company has completed the elegible tenure of the services as per the provisions of the Gratuity Act

vii) Related Party Disclosures:

Key Management Personnel:

- Mr. Sushil Aggarwal Chairman

- Mr. S.K. Das Whole Time Director

- Mr. Chander Prakash Batra Whole Time Director

viii) Corresponding figures of previous year have been regrouped and / or rearranged to confirm with this year’s grouping wherever found necessary.

ix) Expenditure in Foreign Currency : NIL

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Mar 31, 2010

(1) SEGMENT INFORMATION

The Company is engaged in the business of production and trading of media, entertainment and books, which constitutes a single business segment, and accordingly, disclosures are not required under AS-17, issued by The Institute of Chartered Accountants of India".

(2) INTANGIBLE ASSETS (under development)

Expenditure incurred during development stages for albums, serial, films and for purchase of Films under production are carried forward under the head Films & Albums.

(3) Estimated amount of contracts remaining to be executed on Capital Account and not provided for NIL (Previous year NIL)

(4) Provision for Taxation has been made after taking into consideration carried forward losses and in accordance with the provisions of Section 115JB of the Income Tax Act, 1961 (i.e. Minimum Alternate Tax Provisions).

(5) No provision has been made for gratuity as none of the employees of the company has completed the eligible tenure of the services as per the provisions of the Gratuity Act.

(6) Related Party Disclosures: :

Key Management Personnel:

- Mr. Ved Prakash Narula Managing Director

- Mr B. S. Goyal Director

7.Corresponding figures of previous year have been regrouped and/ or rearranged to confirm with this years grouping wherever found necessary.

8) Expenditure in Foreign Currency : NIL