NAME AND ADDRESS OF THE ASSESSEE : P2P SYSTEM PRIVATE LIMITED

CIN : U72900DL2017PTC310890
ADDRESS S-5,TOP FLOOR,PANDAV NAGAR
EAST DELHI,DELHI-110092

ASSESSMENT YEAR : 2019 - 2020

PREVIOUS YEAR : 2018 - 2019
DATE OF INCORPORATION : 1/23/2017
STATUS : Pvt. Ltd. Company
PERMANENT ACCOUNT NO. : AAICP9336R
COY. CIR. NO. : CO.WARD (),NEW DELHI

STATEMENT OF NET ASSESSABLE INCOME AND TAX LIABILITY AMOUNT ( RS.)

INCOME FROM BUSINESS

Net Profit as per Profit & Loss Account (329,251.89)

Add : Depreciation as per Companies Act 8,159.00

Add :Expenses disallowed u/s 36(1)(va) - (321,092.89)

Less : Depreciation as per Income Tax Act 3,750.00 3,750.00

NET ASSESSABLE INCOME (324,842.89)

Income rounded off u/s 288A (324,840.00)

INCOME TAX LIABILITY -

Add : Education Cess @ 4% -

-
Add : Interest u/s 234A -
-
Less : Tds Recoverable -

Refund -
 ASSESSMENT YEAR 2018-2019

INTEREST U/S 234 C

-

- - 0.03 -

- - - 0.03 -

- - - 0.03 -
-
- - - 0.01 -

-
INTEREST U/S 234 B

- 0 - 0.080 -

INTEREST U/S 234 A

0.02 0

GRAND TOTAL -
 P2P SYSTEM PRIVATE LIMITED
CIN: U72900DL2017PTC310890
BALANCE SHEET AS ON 31ST. MARCH'2019
Figures in Rs Figures in Rs
PARTICULARS NOTE 31-03-2019 31-03-2018
I. EQUITY AND LIABILITIES
1 SHARE HOLDERS FUNDS
(a) Share Capital 2.1 100,000.00 100,000.00
(b) Reserves & Surplus 2.2 (501,592.61) (173,475.72)
(401,592.61) (73,475.72)

2 NON CURRENT LIABILITIES

(a) Long Term Borrowing 2.3 476,902.00 38,350.00
(b) Deferred Tax Liabilities - -
(c) Long Term Provisions - -
476,902.00 38,350.00
3 CURRENT LIABILITIES
(a) Short Term Borrowings - -
(b) Trade Payables - -
(c) Other Current Liabilities 2.4 29,500.00 46,974.00
(d) Short Term Provisions - -
29,500.00 46,974.00

104,809.39 11,848.28
ASSETS
1 NON CURRENT ASSETS
(a) Fixed Assets
(1) Tangible Assets 2.5 16,841.00 -
(2) Intangible Assets - -
(3) Capital work-in -Progress - -
16,841.00 -
(b) Non Current Investments -
(c) Deferred Tax Assets (net) 2.6 1,135.00 -
(d) Long-Term Loans and Advances - -
(e) Other non-Current Assets - -
1,135.00 -
2 CURRENT ASSETS
(a) Current Investments - -
(b) Inventories - -
(c) Trade Receivables - -
(d) Cash and Bank Balances 2.7 86,833.39 11,848.28
(e) Short Term Loans and Advances - -
(f) Other Current Assets - -
86,833.39 11,848.28

104,809.39 11,848.28

Significant Accounting Policies and Notes on Accounts 1&2 - (0.00)

As per our report of even date annexed For and Behalf of the Board of Directors
GORAV GOYAL & ASSOCIATES P2P SYSTEM PRIVATE LIMITED
CHARTERED ACCOUNTANTS

(GORAV GOYAL) PRABHAT BHUSHAN KUMAR VEEPRA

PROPRIETOR, A.C.A DIRECTOR DIRECTOR
M.NO. 537681 (DIN . 07626020) (DIN . 07680308)
PLACE : DELHI
DATED : 04 - 09 - 2019
 P2P SYSTEM PRIVATE LIMITED
CIN: U72900DL2017PTC310890
STATEMENT OF PROFIT AND LOSS FOR THE YEAR ENDED 31st MARCH'2019

Figures in Rs . Figures in Rs .
PARTICULARS NOTE 31-03-2019 31-03-2018

1 Revenue From Operations 2.8 1,187,262.00 9,048.00

2 Other Income 5,354.06 -
3 Total Revenue (1+2) 1,192,616.06 9,048.00

4 Expenses
Cost of Material Consumed - -
Changes in Inventories of Finished Goods - -
Employee Benefits Expenses 2.9 1,388,276.17 83,176.00
Finance Costs 2.10 224.71 1,077.30
Depreciation and Amortization Expenses 2.5 8,159.00 -
Preliminary Exp. W/Off - -
Other Expenses 2.11 125,208.07 98,270.42
Total Expenses 1,521,867.95 182,523.72

5 Profit before exceptional and extraordinary items and tax (3-4) (329,251.89) (173,475.72)
6 Exceptional items - -
7 Profit before extraordinary items and tax (5-6) (329,251.89) (173,475.72)
8 Extraordinary items - -
9 Profit before tax (7-8) (329,251.89) (173,475.72)
10 Tax expense:
(1) Current tax - -
(2) Income Tax Adjustment of Earlier years - -
(3) Deferred tax Liabilities/ (Assets) (1,135.00) -

11 PROFIT/(LOSS) AFTER TAX AND EXCEPTIONAL ITEM (328,116.89) (173,475.72)

16 Earnings per equity share: 2.12
(1) Basic (32.81) (17.35)
(2) Diluted (32.81) (17.35)

Significant Accounting Policies and Notes on Accounts 1&2

As per our report of even date annexed For and Behalf of the Board of Directors
GORAV GOYAL & ASSOCIATES P2P SYSTEM PRIVATE LIMITED
CHARTERED ACCOUNTANTS

(GORAV GOYAL) PRABHAT BHUSHAN KUMAR VEEPRA

PROPRIETOR, A.C.A DIRECTOR DIRECTOR
M.NO. 537681 (DIN . 07626020) (DIN . 07680308)
PLACE : DELHI
DATED : 04 - 09 - 2019
 P2P SYSTEM PRIVATE LIMITED
CIN: U72900DL2017PTC310890

NOTES ON ACCOUNTS FOR THE YEAR ENDED MARCH 31, 2019

Amounts in financial statements are presented in Rs.( Rupees) .

2.1 SHARE CAPITAL

Particular As at March
31-03-2019 31-03-2018
-
10,000 Equity Shares of Rs 10 each 100,000.00 100,000.00

Issued,Subscribed and Paid Up capital

10,000 Equity share of Rs 10 each 100,000.00 100,000.00

100,000.00 100,000.00

Total = 100,000.00 100,000.00

The reconcilation of the number of shares ountstanding and amount of shares as at March 31, 2019 is set out below:

Particular As at March 31, 2019 As at March 31, 2018

Number of shares Amount Number of shares Amount
Number of shares at the beginning 10,000 100,000 10,000 100,000
Add: Shares issued during the year - - - -
Number of shares at the end 10,000 100,000 10,000 100,000

DETAILS OF SHARES HELD BY EACH SHAREHOLDER HOLDING MORE THAN 5% SHARES:

Particular As at March 31, 2019 As at March 31, 2018
No. of Shares % of Holding No. of Shares % of Holding

Phabhat Bhushan Kumar 5,000 50.00 5,000 50

Veepra 5,000 50.00 5,000 50

10,000 100.00 10,000 100

2.2 RESERVE AND SURPLUS

Particular As at March
31-03-2019 31-03-2018

Surplus - Opening Balance (173,475.72) -

Add: Transfer from Surplus (328,116.89) (173,475.72)
(501,592.61) (173,475.72)

Less: MISCELLANEOUS EXPENSES ( To the Extent not Written off)

Preliminary Expenses - -
Balance Carried Forward to Balance Sheet Total= (501,592.61) (173,475.72)

2.3 LONG TERM BORROWINGS

Particular As at March
31-03-2019 31-03-2018

UNSECURED LOAN FROM DIRECTOR 476,902.00 38,350.00

 Total= 476,902.00 38,350.00

P2P SYSTEM PRIVATE LIMITED

CIN: U72900DL2017PTC310890

2.4 OTHER CURRENT LIABILITIES

Particular As at March
31-03-2019 31-03-2018

Audit Fee Payable 29,500.00 11,800.00

Advance From Others - 35,174.00

Total= 29,500.00 46,974.00

2.7 CASH AND BANK BALANCES

Particular As at March
31-03-2019 31-03-2018
(i) Cash and Cash Equivalents

(a) Balance with Banks

In current accounts
Indusind Bank 38,572.39 3,478.28
(b) In deposit accounts - -

( c ) Cash in hand 48,261.00 8,370.00

Total= 86,833.39 11,848.28

 P2P SYSTEM PRIVATE LIMITED
CIN: U72900DL2017PTC310890

2.8 REVENUE FROM SERVICES

Particular As at March
31-03-2019 31-03-2018
Revenue from Services
Receipts of Services 1,187,262.00 9,048.00

Total= 1,187,262.00 9,048.00

2.9 EMPLOYEE BENEFITS EXPENSES

Particular As at March
31-03-2019 31-03-2018

Salary 1,381,900.00 76,868.00

Staff Welfare Expenses 6,376.17 6,308.00

Total= 1,388,276.17 83,176.00

2.10 FINANCE EXPENSES

Particular As at March
31-03-2019 31-03-2018

Bank Charges 224.71 1,077.30

Total= 224.71 1,077.30

2.11 OTHER EXPENSES

Particular As at March
31-03-2019 31-03-2018

Audit Fee 17,700.00 11,800.00

Business Promotion 6,834.00 2,842.00
Rent 6,000.00 47,550.00
Professional Fees - 15,000.00
Telephone Expenses 10,635.00 3,228.00
Electricity Expenses 17,236.00 2,874.00
Tour & Travelling Expenses 13,727.00 10,431.54
Repair & Maintainance 5,554.00 962.88
Misc. Expenses 5,974.25 1,242.00
Printing & Stationery 2,671.00 2,340.00
Advertisement 2,500.00 -
 Convayence 13,535.00 -
Internet charges 824.82 -
Office Expenses 19,367.00 -
Postage and Courier charges 2,650.00 -

Total= 125,208.07 98,270.42

P2P SYSTEM PRIVATE LIMITED

CIN: U72900DL2017PTC310890
Particular As at March
31-03-2019 31-03-2018

2.12 Earnings per Share ( EPS)

Net Profit/(Loss) after tax (328,116.89) (173,475.72)
Weighted average no of equity shares(Nos) 10,000 10,000
Weighted average no of diluted equity shares(Nos) 10,000 10,000
Nominal value of Equity shares 10.00 10.00
Earnings per equity share:
(1) Basic (32.81) (17.35)
(2) Diluted (32.81) (17.35)

Current Years Previous years

2.13 Auditor's Remuneration 17,700.00 11,800.00

2.14 Director Remuneration - -

2.15 As per Accounting Standard -22 on Accounting for Taxes on Income issued of Chartered Accountants of India,
the Provision of Deferred Tax Assets as at 31-03-2019 should be Rs. 1135/- and Deferred Tax Assets of Rs. 0/- was
Provided upto 31/03/2018 therefore Rs. 1135/- have been Provided in the Current Year Profit & Loss Appropriation A/c

2.14 C.I.F. Value of Imports, Expenditure and Earning in Foreign Currencies

a) C.I.F. value of Imports : N.A

b) Expenditure in Foreign Currencies : N.A
c) Earning in Foreign Exchange : N.A
d) F.O.B Value of Exports : N.A

2.15 Related Part Transaction

As per the Accounting Statndard 18 issued by the
Chartered Accountants’ of India, the details of
related party transaction are applicable to the
company.

Name of the Party Nature of the Transaction

PRABHAT BHUSHAN KUMAR LOAN
VEEPRA LOAN

For and Behalf of the Board of Directors

For GORAV GOYAL & ASSOCIATES P2P SYSTEM PRIVATE LIMITED
CHARTERED ACCOUNTANTS

(GORAV GOYAL) PRABHAT BHUSHAN KUMAR VEEPRA

PROPRIETOR, A.C.A DIRECTOR DIRECTOR
M.NO. 537681 (DIN . 07626020) (DIN . 07680308)
PLACE : DELHI
DATED : 04 - 09 - 2019
 P2P SYSTEM PRIVATE LIMITED
CIN: U72900DL2017PTC310890

SCHEDULE OF FIXED ASSETS AS ON 31-03-2019 ( AS PER INCOME TA

ADDITIONS
RATE OF W.D.V. AS ( 180 DAYS ( LESS THAN SALES/
S.N. PARTICULARS DEP. ON 31-03-2018 OR MORE ) 180 DAYS) ADJ.

1 PLANT & MACHINERY

BATTERY 15% - 25,000.00 - -

TOTAL - 25,000.00 - -

PREVIOUS YEAR FIGURES - - - -

AS PER INCOME TAX ACT, 1961)

DEPRECIATION
TOTAL AS FOR THE W.D.V. AS
ON 31-03-2019 YEAR ON 31-03-2019

25,000.00 3,750.00 21,250.00

25,000.00 3,750.00 21,250.00

- - -
P2P SYSTEM PRIVATE LIMITED
P2P SYSTEM PRIVATE LIMITED

Calculation of Deferred Tax Liability/ (Assets) for 31st March 2019

W.D.V. as per Companies Act 2013

W.D.V. as per Income Tax Act 1961

Net Difference as on 31-03-2019

Tax Liabilities (1,102.00)

Add : Surcharge @ 7% -

Add : Education Cess @ 4% (33.00)

Deferred Tax Liability (Asset) as on 31-03-2019 Should be (1,135.00)

Less: Assets provided upto 31-03-2018 -

Deferred Tax Assets to be Provided (1,135.00)

3/31/2019

16,841.00

21,250.00

(4,409.00)
 WBN TECHNOLOGY PRIVATE LIMITED
CIN: U72900DL2017PTC313213
NOTES '2.5' FIXED ASSETS AS ON 31-03-2018

yt3q3 RATE GROSS BLOCK

OF AS ON ADD. DURING SALES/
S.N. PARTICULARS DEP. 31-03-2018 THE YEAR ADJ.

1 PLANT & MACHINERY

Battery 45.07% - 25,000.00 -

TOTAL - 25,000.00 -

PREVIOUS YEAR FIGURES - - -

 ( AS PER COMPANIES ACT,2013)

DEPRECIATION NET BLOCK

AS ON UP TO DEP. FOR SALES/ UP TO AS ON AS ON
31-03-2019 31-03-2018 THE YEAR ADJ. 31-03-2019 31-03-2019 31-03-2018

25,000.00 - 8,159.00 - 8,159.00 16,841.00 -

- -
-
25,000.00 - 8,159.00 - 8,159.00 16,841.00 -

- - - - - - -
 P2P SYSTEM PRIVATE LIMITED
DEPRECIATION CHART FOR F. Y. 2018-19
FOR ASSETS PURCHASED AFTER 31.03.2018

Date of Life as per

Original Salvaged
Purchase / Put Particular Co. Act,
Cost (Rs) value
to use 2013
(A) Plant & Machinery

9-Jul-2018 Battery 25,000 5.00 1,250

TOTAL 25,000 1,250

Total Assets 25,000 - 1,250

31-Mar-2019
PRIVATE LIMITED
HART FOR F. Y. 2018-19

Depreciable Used Dep for

Rate of WDV as on
amount over during the the Year
Dep. 31st Mar 2019
whole life year 2018-19

23,750 45.07% 265 8,159 16,841

23,750 8,159 16,841

23,750 - - 8,159 16,841