Winny Immigration & Education Services Ltd. நிறுவனத்தின் கணக்கியல் கொள்கைகள்

Mar 31, 2025

2 Significant Accounting Policies:

a. Basis of Preparation of Financial Statement

The Financial Statements are prepared and presented under the historical cost convention and
evaluated on a going-concern basis using the accrual system of accounting in accordance
with the accounting principles generally accepted in India (Indian GAAP) and the requirements
of the Companies Act, including the Accounting Standards as prescribed by the Section 133 of
the Companies Act, 2013 ("the Act") read with Companies (Accounts) Rules, 2021.

All assets and liabilities have been classified as current or non-current as per the Company''s
normal operating cycle and other criteria set out in Schedule Ill to the Companies Act, 2013

b. Use of Estimates

The preparation of the financial statements in conformity with GAAP requires Management to
make estimates and judgments that affect the reported balances of assets and liabilities and
disclosure relating to contingent liabilities as at the date of the financial statements and
reported amounts of income and expenses during the period for the periods presented.

Management believes that the estimates used like Net realizable value of Inventories etc. in the
preparation of financial statements are prudent and reasonable. Future results could differ from
these estimates.

2.01 Revenue Recognition

Income from Services:

Revenues from contracts priced on a per activity basis are recognised on completion of the
activity and those based on time and material basis are recognised when services are rendered
and related costs are incurred.

2.02 Other Income

Interest income is recognised on a time proportion basis taking into account the amount
outstanding and the rate applicable.

2.03 Property, Plant And Equipment

Property, Plant and Equipment ("PPE") are stated at cost of acquisition inclusive of expenses
directly attributable/related to the acquisition/ construction/erection of such assets. GST and
other applicable taxes paid on acquisition of property, plant and equipment are capitalized to
the extent not available/ utilizable as input tax credit under GST or other relevant law in force.

Expenditure incurred on renovation and modernization of PPE on completion of the originally
estimated useful life resulting in increased life and/or efficiency of an existing asset, is added to
the cost of the related asset. In the carrying amount of an item of PPE, the cost of replacing the
part of such an item is recognized when that cost is incurred if the recognition criteria are met.
The carrying amount of those parts that are replaced is derecognized in accordance with the
derecognition principles.

After initial recognition, PPE is carried at cost less accumulated depreciation/amortization and
accumulated impairment losses, if any.

An item of property, plant and equipment is derecognized upon disposal or when no future
economic benefits are expected from its use or disposal. Any gain or loss arising on
derecognition of the asset (calculated as the difference between the net disposal proceeds and
the carrying amount of the asset) is included in the Statement of Profit and Loss when the asset
is derecognized.

Intangible Assets

Intangible assets are recognised at acquisition cost when the asset is identifiable, non¬
monetary in nature, without physical substance and is probable that such expenditure is to
result in future economic benefits to the entity.

Any gain or loss arising on such Derecognition is measured as the difference between the net
disposal proceeds and the carrying amount of the asset, and is recognized in statement of
profit or loss. Other intangible assets relates to technical know-how and non-compete.

Capital Work In Progress

Capital work in progress is stated at cost, net of impairment losses, if any. Cost comprises of
the cost of items of PPE not yet commissioned, incidental pre-operative expenses and
borrowing costs.

Intangible Assets Under Developments

Intangible assets under development consist of costs capitalized since the development
costs are measurable reliably, the product or process is technically and commercially
feasible, future economic benefits are probable, and the Company intends to and has
sufficient resources to complete development and to use the asset. The expenditure
capitalized includes the cost of purchase of license, direct labour and overheads costs that
are directly attributable to preparing the asset to its intended use.

Depreciation and Amortization:

Property, Plant and Equipment and Intangible Assets

Depreciation on Property, Plant and Equipment and Intangible Assets is recognized in profit or
loss using ''Written Down Value Method''. Depreciation is provided based on useful life of the
assets as prescribed in schedule II of the Companies Act, 2013. Depreciation is charged
proportionately from/to the date of acquisition/disposal.

Office Equipment capitalised prior to financial year 2024-25 useful is taken as 15 years and from
financial year 2024-25 useful life is taken as 5 years

The depreciation methods, estimated useful lives, and residual values of the PPE are reviewed at
the end of each reporting period. The effect of changes in these estimates is accounted on a
prospective basis.

2.04 Impairments

"The Company assesses at each reporting date as to whether there is any indication that any
property, plant and equipment and intangible assets or group of assets, called cash generating
units (cgu) may be impaired. If any such indication exists the recoverable amount of an asset
or CGU is estimated to determine the extent of impairment, if any. When it is not possible to
estimate the recoverable amount of an individual asset, the Company estimates the
recoverable amount of the CGU to which the asset belongs.

An impairment loss is recognised in the Statement of Profit and Loss to the extent, asset''s
carrying amount exceeds its recoverable amount. The recoverable amount is higher of an
asset''s fair value less cost of disposal and value in use. Value in use is based on the estimated
future cash flows, discounted to their present value using pre-tax discount rate that reflects
current market assessments of the time value of money and risk specific to the assets.

The impairment loss recognised in the prior accounting period is reversed if there has been a
change in the estimate of the recoverable amount."

2.05 Investments:

Long-term investments are stated at cost less the amount written off, where there is a
diminution in its value of a long-term nature. Current investments are stated at the lower of
cost and fair value. Gain or loss arising from the sale or disposal of such investment is
accounted at the time of actual sale or disposal.

2.06 Cash & Cash Equivalents

Cash and cash equivalents comprise cash and cash on deposit with banks. The Company
considers all highly liquid investments with a remaining maturity at the date of purchase of
three months or less and that are readily convertible to known amounts of cash to be cash
equivalents.

2.07 Employee Benefit
Short-Term Employee Benefits

"The short-term employee benefits expected to be paid in exchange for the services rendered
by employees are recognised as an expense during the period when the employees render the
services."

Post-Employment Benefits

• Defined Contribution Plans

"The company has no policy of encashment and accumulation of leave. Therefore, no provision
of leave Encashment is made. Company''s contribution to Provident Fund and other Funds for the
year is accounted on an accrual basis and charged to the Statement of Profit & Loss for the
year."

• Defined Benefits Plans

"The cost of the defined benefit plan and other post-employment benefits and the present value
of such obligation are determined using actuarial valuations. An actuarial valuation involves
making various assumptions that may differ from actual developments in the future. These
include the determination of the discount rate, future salary increases, mortality rates and future
pension increases. Due to the complexities involved in the valuation and its long-term nature, a
defined benefit obligation is highly sensitive to changes in these assumptions.

All assumptions are reviewed at each reporting date.

The company has recognized the gratuity payable to the employees as defined benefit plans.
The liability in respect of these benefits is calculated using the Projected Unit Credit Method and
spread over the period during which the benefit is expected to be derived from employees''
services."

2.08 Borrowing Cost

"Borrowing costs directly attributable to the acquisition, construction or production of an asset
that necessarily takes a substantial period of time to get ready for its intended use or sale are
capitalised as part of the cost of the asset. All other borrowing costs are expensed in the period
in which they occur. Borrowing costs consist of interest and other costs that the company incurs
in connection with the borrowing of funds. Borrowing cost also includes exchange differences to
the extent regarded as an adjustment to the borrowing costs.

The Company has not acquired any eligible assets in pursuance of AS 16. Hence, no borrowing
cost is capitalised during the year."

2.09 Foreign Currency Transactions

Transactions in foreign currencies are recorded in Indian Rupees using the rates of exchange
prevailing on the dates of the transactions. At each balance sheet date, recorded monetary
balances are reported in Indian Rupees at the rates of exchange prevailing at the balance sheet
date. All realised and unrealised exchange adjustment gains and losses are dealt with in the
profit and loss account.

2.10 Accounting For Taxes On Income

(i) Current tax is determined as the amount of tax payable in respect of taxable income for the
year.

(ii) Deferred Tax is recognised, on timing difference, being the difference between taxable
incomes and accounting income that originate in one period and are capable of reversal in one
or more subsequent periods.

(iii) Where there is unabsorbed depreciation or carry forward losses, deferred tax assets are
recognized if there is virtual certainty that sufficient future taxable income will be available
against which such assets can be realized. Other deferred tax assets are recognized only to the
extent there is reasonable certainty of realization in the future. Such assets are reviewed at each
Balance sheet date to reassess realization.

(iv) Deferred tax assets and liabilities are measured using the tax rates and tax laws that have
been enacted or substantively enacted by the balance sheet date.

---

Mar 31, 2024

2 Significant Accounting Policies:

a. Basis of Preparation of Financial Statement

The Financial Statements are prepared and presented under the historical cost convention and evaluated on a going-
concern basis using the accrual system of accounting in accordance with the accounting principles generally accepted in
India (Indian GAAP) and the requirements of the Companies Act, including the Accounting Standards as prescribed by the
Section 133 of the Companies Act, 2013 ("the Act") read with Companies (Accounts) Rules, 2021.

All assets and liabilities have been classified as current or non-current as per the Company''s normal operating cycle and
other criteria set out in Schedule III to the Companies Act, 2013

b. Use of Estimates

The preparation of the financial statements in conformity with GAAP requires Management to make estimates and
judgments that affect the reported balances of assets and liabilities and disclosure relating to contingent liabilities as at the
date of the financial statements and reported amounts of income and expenses during the period for the periods
presented.

Management believes that the estimates used like Net realizable value of Inventories etc. in the preparation of financial
statements are prudent and reasonable. Future results could differ from these estimates.

The following significant accounting policies are adopted in the preparation and presentation of these financial statements:

2.01 Revenue Recognition
Income from Services:

Revenues from contracts priced on a per activity basis are recognised on completion of the activity and those based on time
and material basis are recognised when services are rendered and related costs are incurred.

2.02 other income

Interest income is recognised on a time proportion basis taking into account the amount outstanding and the rate
applicable.

2.03 Property, Plant And Equipment

Property, Plant and Equipments ("PPE") are stated at cost of acquisition inclusive of expenses directly attributable / related
to the acquisition/ construction/erection of such assets. GST and other applicable taxes paid on acquisition of property,
plant and equipment are capitalized to the extent not available/ utilizable as input tax credit under GST or other relevant

law in force.

Expenditure incurred on renovation and modernization of PPE on completion of the originally estimated useful life resulting
in increased life and/or efficiency of an existing asset, is added to the cost of the related asset. In the carrying amount of an
item of PPE, the cost of replacing the part of such an item is recognized when that cost is incurred if the recognition criteria
are met. The carrying amount of those parts that are replaced is derecognized in accordance with the derecognition
principles.

After initial recognition, PPE is carried at cost less accumulated depreciation/amortization and accumulated impairment
losses, if any.

An item of property, plant and equipment is derecognized upon disposal or when no future economic benefits are
expected from its use or disposal. Any gain or loss arising on derecognition of the asset {calculated as the difference
between the net disposal proceeds and the carrying amount of the asset) is included in the Statement of Profit and Loss
when the asset is derecognized.

Intangible Assets

Intangible assets are recognised at acquisition cost when the asset is identifiable,non monetary in nature, without physical
substance and is probable that such expenditure is to result in future economic benefits to the entity.

Any gain or loss arising on such Derecognition is measured as the difference between the net disposal proceeds and the
carrying amount of the asset, and is recognized in statement of profit or loss. Other intangible assets relates to technical
know-how, and non-com pete.

Capital Work In Progress

Capital work in progress is stated at cost, net of impairment losses, if any. Cost comprises of the cost of items of PPE not
yet commissioned, incidental pre-operative expenses and borrowing costs.

Intangible Assets Under Developments

Intangible assets under development consists of cost capitalized since the development costs are measurable reliably, the
product or process is technically, and commercially feasible, future economic benefits are probable, and the Company
intends to and has sufficient resources to complete development and to use the asset. The expenditure capitalized includes
the cost of purchase of license, direct labour and overheads costs that are directly attributable to preparing the asset to its

intended use.

Depreciation and Amortization:

Property Plant and Equipment and Intangible Assets

Depreciation on Prpoerty, Plant and Equipment and Intangible Assets is recognised in profit or loss using ''Written Down
Value Method''. Depreciation is provided based on useful life of the assets as prescribed in schedule II of the Companies
Act, 2013. Depreciation is charged proportionately from/to the date of acquisition/disposal.

The depreciation methods, estimated useful lives, and residual values of the PPE are reviewed at the end of each reporting
period. The effect of changes in these estimates is accounted on a prospective basis.

2.04 impairments

The Company assesses at each reporting date as to whether there is any indication that any property, plant and equipment
and intangible assets or group of assets, called cash generating units (CGU) may be impaired. If any such indication exists
the recoverable amount of an asset or CGU is estimated to determine the extent of impairment, if any. When it is not
possible to estimate the recoverable amount of an individual asset, the Company estimates the recoverable amount of the
CGU to which the asset belongs.

An impairment loss is recognised in the Statement of Profit and Loss to the extent, asset''s carrying amount exceeds its
recoverable amount. The recoverable amount is higher of an asset''s fair value less cost of disposal and value in use. Value in
use is based on the estimated future cash flows, discounted to their present value using pre-tax discount rate that reflects
current market assessments of the time value of money and risk specific to the assets.

The impairment loss recognised in prior accounting period is reversed if there has been a change in the estimate of
recoverable amount.

2.05 Investments:

Long term investment are stated at cost less amount written off, where there is a diminution in its value of long term
nature. Current investments are stated at lower of cost and fair value. Gain or loss arising from sale or disposal of such
investment is accounted at the time of actual sale or disposal.

2.06 Cash & Cash Equivalents

Cash and cash equivalents comprise cash and cash on deposit with banks. The Company considers all highly liquid
investments with a remaining maturity at the date of purchase of three months or less and that are readily convertible to
known amounts of cash to be cash equivalents.

2.07 Employee Benefit

Short Term Employee Benefits

The short term employee benefits expected to be paid in exchange for the services rendered by employees are recognised
as an expense during the period when the employees render the services.

Post-Employment Benefits
Defined Contribution Plans

The company has no policy of encashment and accumulation of leave. Therefore, no provision of leave Encashment is
made. Company''s contribution to Provident Fund and other Funds for the year is accounted on accrual basis and charged
to the Statement of Profit & Loss for the year.

Defined Benefits Plans

The cost of the defined benefit plan and other post-employment benefits and the present value of such obligation are
determined using actuarial valuations. An actuarial valuation involves making various assumptions that may differ from
actual developments in the future. These include the determination of the discount rate, future salary increases, mortality
rates and future pension increases. Due to the complexities involved in the valuation and its long-term nature, a defined
benefit obligation is highly sensitive to changes in these assumptions.

All assumptions are reviewed at each reporting date.

The company has recognized the gratuity payable to the employees as defined benefit plans. The liability in respect of
these benefits is calculated using the Projected Unit Credit Method and spread over the period during which the benefit is
expected to be derived from employees'' services.

2.08 Borrowing Cost

Borrowing costs directly attributable to the acquisition, construction or production of an asset that necessarily takes a
substantial period of time to get ready for its intended use or sale are capitalised as part of the cost of the asset. All other
borrowing costs are expensed in the period in which they occur. Borrowing costs consist of interest and other costs that the
company incurs in connection with the borrowing of funds. Borrowing cost also includes exchange differences to the extent
regarded as an adjustment to the borrowing costs.

The Company has not acquired any eligible assets in persuance of AS 16. Hence no borrowing cost is capitalised during the
year.

2.09 Foreign Currency Transactions

Transactions in foreign currencies are recorded in Indian Rupees using the rates of exchange prevailing on the dates of the
transactions. At each balance sheet date, recorded monetary balances are reported in Indian Rupees at the rates of
exchange prevailing at the balance sheet date. All realised and unrealised exchange adjustment gains and losses are dealt
with in the profit and loss account.

2.10 Accounting For Taxes On Income

(i) Current tax is determined as the amount of tax payable in respect of taxable income for the year.

(ii) Deferred Tax is recognised,on timing difference, being the difference between taxable incomes and accounting income that
originate in one period and are capable of reversal in one or more subsequent periods.

(iii) Where there is unabsorbed depreciation or carry forward losses, deferred tax assets are recognized if there is virtual
certainty that sufficient future taxable income will be available against which such assets can be realized. Other deferred tax
assets are recognized only to the extent there is reasonable certainty of realization in future. Such assets are reviewed at
each Balance sheet date to reassess realization.

(iv) Deferred tax assets and liabilities are measured using the tax rates and tax laws that have been enacted or substantively
enacted by the balance sheet date.