Ladam Affordable Housing Ltd. కంపెనీ అకౌంటింగ్ విధానాలు

1.1 Company overview

The company intends to monetize its real estate portfolio by getting into construction of mass housing project considering affordable housing project scheme.

1.2 Authorization of Financial Statements

The financial statements were authorized for issue in accordance with a resolution of the directors on 27th May, 2026.

1.3 Significant Accounting Policiesi) Basis of preparation of financial statements.

The financial statements are prepared under the historical cost convention (except for certain financial instruments which are measured at fair values) and on an accrual basis in accordance with the Indian Accounting Standards (Ind AS) notified under Section 133 of the Companies Act, 2013, read with the Companies (Indian Accounting Standards) Rules, 2015, as amended, and other relevant provisions of the Act

All assets and liabilities have been classified as current or non-current based on the operating cycle of the Company and in accordance with the guidance set out in Division II of Schedule III to the Companies Act, 2013

ii) Property, plant and equipment

Property, plant and equipment are stated at historical cost less depreciation. Historical cost includes expenditure that is directly attributable to the acquisition of the items. Subsequent costs are included in the asset''s carrying amount or recognized as a separate asset, as appropriate, only when it is probable that future economic benefits associated with the item will flow to the Company and the cost of the item can be measured reliably. The carrying amount of any component accounted for as a separate asset is derecognized when replaced. All other repairs and maintenance are recognized in profit or loss during the reporting period, in which they are incurred. The Company does not hold any depreciable property, plant, and equipment, or intangible assets as of the balance sheet date and all existing property, plant, and equipment have already been depreciated down to their residual value in previous financial years. Consequently, no depreciation or amortization expense has been incurred or provided for during the current financial year.

iii) Impairment of non-financial assets

Assessment is done at each balance sheet date as to whether there is any indication that an asset may be impaired. If any such indication exists or when annual impairment testing for an asset is required, an estimate of the recoverable amount of the asset/cash generating unit is made. Recoverable amount is higher of an asset''s or cash generating unit''s fair value less costs of disposal and its value in use. Value in use is the present value of estimated future cash flows expected to arise from the continuing use of an asset and from its disposal at the end of its useful life. For the purpose of assessing impairment, the recoverable amount is determined for an individual asset, unless the asset does not generate cash inflows that are largely independent of those from other assets or group of assets. The smallest identifiable group of assets that generates cash inflows from continuing use that are largely independent of the cash inflows from other assets or groups of assets, is considered as a cash generating unit (CGU). An asset or CGU whose carrying value exceeds its recoverable amount is considered impaired and is

written down to its recoverable amount. Assessment is also done at each balance sheet for possible reversal of an impairment loss recognized for an asset, in prior accounting periods.

iv) Valuation of Inventories

Inventories comprise under-construction real estate projects classified as Work-in-Progress (WIP) and are carried at the lower of cost and net realizable value. Cost includes direct land and construction expenses, allocated project overheads, and borrowing costs capitalized in accordance with Ind AS 23. Capitalization of borrowing costs is suspended during periods in which active development of the qualifying project is interrupted

v) Impairment of Financial Assets (Investments and Loans)

Financial assets, comprising investments in equity instruments of unlisted companies and loans/advances extended, are assessed for impairment at each reporting date.

The Company recognizes a provision for impairment/loss allowance for expected credit losses or diminution in value when events or changes in circumstances indicate that the carrying amount may not be fully recoverable.

When the management determines that an investment or loan has suffered a permanent or expected loss in recovery, the carrying amount is reduced through a provision, and the corresponding loss is recognized immediately in the Statement of Profit and Loss.

vi) Investments

Investments in equity instruments of unlisted companies and loans extended are initially recognized at fair value plus transaction costs, and subsequently carried at cost/amortized cost less any provision for impairment

The Company assesses at each balance sheet date whether any objective evidence indicates that an investment or loan is impaired. A provision for impairment/diminution in value is recognized in the Statement of Profit and Loss when events or financial distress in the investee/borrowing entity indicate that the carrying amount may not be fully recoverable. If recovery prospects improve in a subsequent period, the provision is reversed through the Statement of Profit and Loss.

vii) Revenue Recognition

Revenue is measured at the fair value of consideration received or receivable, (net of service tax/goods and services tax/value added tax). Revenue is recognized when the amount of revenue can be reliably measured, and it is probable that future economic benefits will flow to the entity.

viii) Security Deposit

Security deposit doesn''t have a determinable fixed period hence the same has not been discounted.

ix) Cash and cash equivalents

Cash and cash equivalent in the balance sheet comprise cash on hand, amount at banks and other shortterm deposits with an original maturity of three months or less that are readily convertible to known amount of cash and, which are subject to an insignificant risk of changes in value.

1.1 Company overview

The company intends to monetize its real estate portfolio by getting into construction of mass housing project considering affordable housing project scheme.

1.2 Authorization of Financial Statements

The financial statements were authorized for issue in accordance with a resolution of the directors on 27nd May, 2025.

1.3 Significant Accounting Policies

i) Basis of preparation of financial statements.

The financial statements are prepared under the historical cost convention and an accrual basis in accordance with the generally accepted accounting principles (GAAP) in India, including the Indian Accounting Standards specified under section 133 of the Companies Act, 2013 read with Rule 7 of the Companies (Accounts) Rules, 2014. All assets and liabilities have been classified as current or non-current, wherever applicable as per the operating cycle of the company as per the guidance as set out in schedule III to the Companies Act, 2013.

ii) Property, plant and equipment

Property, plant and equipment are stated at historical cost less depreciation. Historical cost includes expenditure that is directly attributable to the acquisition of the items. Subsequent costs are included in the asset''s carrying amount or recognized as a separate asset, as appropriate, only when it is probable that future economic benefits associated with the item will flow to the Company and the cost of the item can be measured reliably. The carrying amount of any component accounted for as a separate asset is derecognized when replaced. All other repairs and maintenance are recognized in profit or loss during the reporting period, in which they are incurred.

iii) Impairment of non-financial assets

Assessment is done at each balance sheet date as to whether there is any indication that an asset may be impaired. If any such indication exists or

when annual impairment testing for an asset is required, an estimate of the recoverable amount of the asset/cash generating unit is made. Recoverable amount is higher of an assets or cash generating unit''s fair value less costs of disposal and its value in use. Value in use is the present value of estimated future cash flows expected to arise from the continuing use of an asset and from its disposal at the end of its useful life. For the purpose of assessing impairment, the recoverable amount is determined for an individual asset, unless the asset does not generate cash inflows that are largely independent of those from other assets or group of assets. The smallest identifiable group of assets that generates cash inflows from continuing use that are largely independent of the cash inflows from other assets or groups of assets, is considered as a cash generating unit (CGU). An asset or CGU whose carrying value exceeds its recoverable amount is considered impaired and is written down to its recoverable amount. Assessment is also done at each balance sheet for possible reversal of an impairment loss recognized for an asset, in prior accounting periods.

iv) Valuation of Inventories

Raw Materials and work in progress have been valued at cost and Finished Goods has been valued at Cost or Net Realizable Value, whichever is lower.

v) Investments

Fair Value of Investments in shares of various company is non-determinable by management being unlisted companies. Hence, investments have been stated at cost.

vi) Revenue Recognition

Revenue is measured at the fair value of consideration received or receivable, (net of service tax/goods and services tax/value added tax]. Revenue is recognized when the amount of revenue can be reliably measured, and it is probable that future economic benefits will flow to the entity.

vii) Security Deposit

Security deposit doesn''t have a determinable fixed period hence the same has not been discounted.

viii) Cash and cash equivalents

Cash and cash equivalent in the balance sheet comprise cash on hand, amount at banks and other short-term deposits with an original maturity of three months or less that are readily convertible to known amount of cash and, which are subject to an insignificant risk of changes in value. For the purpose of the statement of cash flows, cash and cash equivalents consist of cash and short-term deposits, as defined above, net of outstanding bank overdrafts as they are considered as an integral part of the company''s cash management.

ix) Miscellaneous

Corresponding year figures have been regrouped wherever necessary.

x) Contingent Liabilities

Company did not borrow any amount during the year. There are no other contingent liabilities.

1.3 Significant Accounting Policies

i) Basis of preparation of financial statements.

The financial statements are prepared under the historical cost convention and an
accrual basis in accordance with the generally accepted accounting principles
(GAAP) in India, including the Indian Accounting Standards specified under section
133 of the Companies Act, 2013 read with Rule 7 of the Companies (Accounts)
Rules, 2014. All assets and liabilities have been classified as current or non-current,
wherever applicable as per the operating cycle of the company as per the guidance
as set out in schedule III to the Companies Act, 2013.

ii) Property, plant and equipment

Property, plant and equipment are stated at historical cost less depreciation.
Historical cost includes expenditure that is directly attributable to the acquisition
of the items. Subsequent costs are included in the asset''s carrying amount or
recognized as a separate asset, as appropriate, only when it is probable that future
economic benefits associated with the item will flow to the Company and the cost of
the item can be measured reliably. The carrying amount of any component
accounted for as a separate asset is derecognized when replaced. All other repairs
and maintenance are recognized in profit or loss during the reporting period, in
which they are incurred.

iii) Impairment of non-financial assets

Assessment is done at each balance sheet date as to whether there is any indication
that an asset may be impaired. If any such indication exists or when annual

impairment testing for an asset is required, an estimate of the recoverable amount
of the asset/cash generating unit is made. Recoverable amount is higher of an
asset''s or cash generating unit''s fair value less costs of disposal and its value in use.
Value in use is the present value of estimated future cash flows expected to arise
from the continuing use of an asset and from its disposal at the end of its useful life.
For the purpose of assessing impairment, the recoverable amount is determined for
an individual asset, unless the asset does not generate cash inflows that are largely
independent of those from other assets or group of assets. The smallest identifiable
group of assets that generates cash inflows from continuing use that are largely
independent of the cash inflows from other assets or groups of assets, is considered
as a cash generating unit (CGU). An asset or CGU whose carrying value exceeds its
recoverable amount is considered impaired and is written down to its recoverable
amount. Assessment is also done at each balance sheet for possible reversal of an
impairment loss recognized for an asset, in prior accounting periods.

iv) Valuation of Inventories

Raw Materials and work in progress have been valued at cost and Finished Goods
has been valued at Cost or Net Realizable Value, whichever is lower.

v) Investments

Fair Value of Investments in shares of various company is non-determinable by
management being unlisted companies. Hence, investments have been stated at cost.

vi) Revenue Recognition

Revenue is measured at the fair value of consideration received or receivable, (net of
service tax/goods and services tax/value added tax). Revenue is recognized when
the amount of revenue can be reliably measured, and it is probable that future
economic benefits will flow to the entity.

vii) Security Deposit

Security deposit doesn''t have a determinable fixed period hence the same has not
been discounted.

viii) Cash and cash equivalents

Cash and cash equivalent in the balance sheet comprise cash on hand, amount at
banks and other short-term deposits with an original maturity of three months or
less that are readily convertible to known amount of cash and, which are subject to
an insignificant risk of changes in value. For the purpose of the statement of cash
flows, cash and cash equivalents consist of cash and short-term deposits, as defined
above, net of outstanding bank overdrafts as they are considered as an integral part
of the company''s cash management.

ix) Miscellaneous

Corresponding year figures have been regrouped wherever necessary.

x) Contingent Liabilities

Company did not borrow any amount during the year. There are no other contingent
liabilities.

For and On Behalf of Board of For D P Sarda & Co

Directors Ladam Affordable Housing Limited Chartered Accountant

FRN 117227W

Sd/- Sd/-

Sumesh Agarwal CA Ankur Agrawal

Director Partner

DIN: 00325063 MRN 140702

Sd/- Date: 22/05/2024

Ashwin Sharma UDIN: 24140702BKFARW6637

Director
DIN :05143846

Significant Accounting Policies

i) Basis of preparation of financial statements.

The financial statements are prepared under the historical cost convention and
an accrual basis in accordance with the generally accepted accounting principles
(GAAP) in India, including the Indian Accounting Standards specified under
section 133 of the Companies Act, 2013 read with Rule 7 of the Companies
(Accounts) Rules, 2014. All assets and liabilities have been classified as current
or non-current, wherever applicable as per the operating cycle of the company
as per the guidance as set out in schedule III to the Companies Act, 2013.

ii) Property, plant and equipment

Property, plant and equipment are stated at historical cost less depreciation.
Historical cost includes expenditure that is directly attributable to the
acquisition of the items. Subsequent costs are included in the asset''s carrying
amount or recognized as a separate asset, as appropriate, only when it is
probable that future economic benefits associated with the item will flow to the
Company and the cost of the item can be measured reliably. The carrying
amount of any component accounted for as a separate asset is derecognized
when replaced. All other repairs and maintenance are recognized in profit or
loss during the reporting period, in which they are incurred.

iii) Impairment of non-financial assets

Assessment is done at each balance sheet date as to whether there is any
indication that an asset may be impaired. If any such indication exists or when
annual impairment testing for an asset is required, an estimate of the
recoverable amount of the asset/cash generating unit is made. Recoverable
amount is higher of an asset''s or cash generating unit''s fair value less costs of
disposal and its value in use. Value in use is the present value of estimated future
cash flows expected to arise from the continuing use of an asset and from its
disposal at the end of its useful life. For the purpose of assessing impairment, the
recoverable amount is determined for an individual asset, unless the asset does
not generate cash inflows that are largely independent of those from other
assets or group of assets. The smallest identifiable group of assets that generates
cash inflows from continuing use that are largely independent of the cash
inflows from other assets or groups of assets, is considered as a cash generating
unit (CGU). An asset or CGU whose carrying value exceeds its recoverable

amount is considered impaired and is written down to its recoverable amount.
Assessment is also done at each balance sheet for possible reversal of an
impairment loss recognized for an asset, in prior accounting periods.

iv) Valuation of Inventories

Raw Materials and work in progress have been valued at cost and Finished
Goods has been valued at Cost or Net Realizable Value, whichever is lower.

v) Investments

Fair Value of Investments in shares of various company is non-determinable by
management being unlisted companies. Hence, investments have been stated at
cost.