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/-
Sumesh Agarwal Sd/-
Director
DIN: 00325063 CA Mukund D Sarda
Partner MRN 149588
UDIN: 23149588BGWHRA7758
Sd/-
Ashwin SharmaDirectorDIN :05143846
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