THI. MFMBERSQF BROACH Ilf ECAKE HOSPITAL LIMITED Report on the Audit of the Standalone financial Statements Opinion
We have audited the accompanying financial statements of B ROACH LIFEC SjPjT A L LI MI TED
("the company",i, which comprise- the Balance Sheet as at 31 March 2024. the Statement of Profit and Loss, the Statement of Cash flow for the year than ended, and a summary of significant accounimg policies and Other explanatory information
In our opinion and to the best of out information and according to the explanations given to us, the aforesaid standalone financial statements give the information recurred by The Companies Act 2013 ("the AaJ,| m the manner so required and give a true and fair view in conformity with the accounting principles generally accepted in India. of the slate of affairs of the Company as at ;ist March ?d?4 Hip profit and total Comprehensive income and changes inequity for the year ended on that date,
Basis of Opinion
We conducted our audit of the standalone financial statements in accordance with the Standards cm Auditing (SAs) sped Tied under Section 143(10) of the Companies Act, 2013. Our responsibilities under those Standards are further described in the Auditor i Responsibilities for the Audit of the Standalone Financial Stdi aments section of our report. We are independent of the Company m accordance with 1he Code of Efchit Ý-issued by the Institute zf Chartered Accountants of India (ICAH togeiher with rhe independence requirements Thar are relevant to aUr audit of the standalone financial statements under the provisions of the Act and the Rules made there under, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the iCAI’s Code of Ethics. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion on the standalone financial statements.
Information Other than the Standalone Financial Statements and Auditor's Report Thereon
The Company's Board of Directors is responsible for the preparation of the other infmmatFon. The other information obtained at the date of this auditors'1 report is Board's Report including Annexures to Board's Report, Shareholder's Information, but does not include the standalone financial statements and our auditor's report thereon.
Our opinion on the standalone financial statements does riot cover the other information and we iio not express any form of assurance conclusion thereon.
In connection with our audit of the standaronp financial statement1,, our responsibility is to read the other information and in ctoiny so, coiHrrfer whether the other information is materially inconsistent with the standalone financial statements at our knowledge obtained during the course of our audit or otherwise appears to he materially misstated
If. based on the work we have performed, we conclude tl>a1 there Is a material misstatement oF this other information, we are i equired to report that Fact. We have nothing to report in this rogard.
Management's Responsibility For the Standalone Financial Statements
The Company's Hoard of Director is responsible for the matters stated in section 134(5} of tin:- Act with respect to the preparation pf these standalone Financial statements that give a true and fair view of the financial position and financial performance of the Company in accordance with the accounting principles generally accepted in India. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding the assets of Ifie Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies, making judgments and estimates (hat are reasonable and prudent, itc.d design, implementation and maintenance of adequaie internal Financial controls, that were operating effectively for ensuring the accuracy and completeness oF the accounting records, relevant to the preparation and presentation of the standalone financial statements char give a true and fair view and are free from material misstatement, whether due to fraud or error
In preparing the standalone Financial statements, management is responsible roi assessing rhe Company's ability to continue a-, a going concern disclosing, as applicable, matters related to going concern arid Using the going concern basil of accounting unless management either Intends to liquidate die Company or 10 const: operation1, or has no icallstlr alternative but to do so.
Thr Board of Dir ettors are responsible for overseeing the Company's financial reporting process Auditor's hsspafisjmimes for the Audit or the Standalone Financial biatemenis
Our objectives are to obtain reasonable assurance about whether the stanttatafie financial statements as a whole are free from matenal misstatement whether due 1o fraud or error, and to issue jn auditors report that includes oui opinion. Reasonable assurance is a high level of assurance, but is not a guarantee? that or audit conducted in accordance with 5A-. will always detect a material misstatement when it exists. Misst jtementi can arise from Fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected in influence the economic decisions of users taken or> rhe basis of these standalone financial statements,
As pan of an audit m accordance with SAs, we exercise- pmfersionul judgment and maintain professional skepticism throughout the judit. We also.
* Identify and assess the risks of material misstatement of the standalone Financial statements. Whether due to fraud or error, design and perform audit: procedures responsive to those risks, and ob-iarn audit evidence that is sufficient and appropriate to provide a basis for our opinion The risk of not detecting a material misstatement resulting from fraud is higher than for onii resulting from error, a> Fraud may involve collusion, foigery. intentional omissions, mrsrepresentations, or (he override of internal control
* Conclude on the appropriateness of management'! use of the going concern basis of accounting and, bailed on the- itudst evidence obtained, whether a material uncertainty exists related to events dr conditions that maveast significant doubt on the Company's ability to continue as a going concern If we conclude thal a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures In the standalone financial statements or, if such disclosures are inadequate, to modify our opinion Our conclusions are based on lho oudil evidence obtained up ro the date of our auditor's report. However, future event* or conditions may cause the Company to cease to continue as a going concern.
* Evaluate the overall presentation, structure and content of the standalone financial statements, Including the disclosures, and whether the standalone financial statements represent the underlying transactions and events in a manner that achieves fair presentation.
We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings including any significant deficiencies m internal control that we identify during oui audit.
We also provide those charged with governance with a ^atemeni that we have complied with relevant ethical requirements regarding independence, and to comrnunir.aie with Ibern all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.
REPORT ON OTHER LEGAL AND REGULATORY REQUIREMENTS
in out opinion the Companies [Auditor's Report! Order, 2U20 {the Omer) issued bv the Central Government of India in terms of Section 143 of the Act and in supersession oi Companies (Auditor's Report! Order, 2016 is applicable to the company (Anne* tire A)
As inquired by section 143[3] of the Act, we report that
a| We have sought and obtained all the information and explanations which to the best of our knowledge and belief were necessary for the purposes of our audit,
b) m our opinion proper books of acccium ?? required by law have been kept by the Company so tai a* it appears from our examination ot those books.
c) The Baiance Sheet, rhe Statement of Profit and Loss, and Cash Flow Statement dealt with by this Report are m agreement with thu books of account
d) In our opinion, the aforesaid financial statements comply with the Accounting Standards specified under Section 133 of iht? Act, read with Rule 7 of the Companies (Accounts) Rules. 2014
e) On the basil of written representation! received from the directors as on 3 J March. 2024, taken on record by the Board of Directors, none of the directors is disqualified as on 31 March, 2024. from being appointed as a director in terms of 6ecLion 1&4(2| of the Act.
f) With respect to the adequacy of the internal Financial Controls over financial reporting of the company and the opei sling effectiveness of such controls, refer our separate report in Afirtexure B-
gi With respect to the other matters to be included in thE Auditors' Report m accordance with Rule 11 of the Companies (Audit and Auditors) Rules, 2014, in our opinion ami to the beet of our in forma non and according to the explanations given to us;
i. the Company does not have any pending litigations which would impact its financial position;
ii. the Company did not have any long-term contracts including derivative contracts for which there were any material foreseeable losses;
lii. there were no amounts which were required to be transferred to the Investor Education and Protection Fund by the Company; and
iv. (a) The Management has represented that, to the best of its knowledge and belief, no funds have been advanced or loaned or invested either from borrowed funds or share premium or any other sources or kind of funds by the Company to or in any other person or entity, including foreign entities {'Intermediaries'}, with the understanding, whether recorded in writing or otherwise, that the Intermediary shall, whether, directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the Company ('Ultimate Beneficiaries’) or provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.
(b) The Management has represented that, to the best of its knowledge and belief, no funds have been received by the Company from any person or entity, including foreign entities ('Funding Parties'), with the understanding, whether recorded in writing or otherwise, that the Company shall, whether, directly or indirectly, lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the Funding Party {'Ultimate Beneficiaries') or provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries; and
(c) Based on such audit procedures that were considered reasonable and appropriate in the circumstances, nothing has come to our notice that has caused us to believe that the representations under sub-clause (a) and (b) contain any material misstatement
v. The Company has not declared any dividend during the year, so provisions of section 123 of the Act, is not applicable.
vi. The reporting under Rule 11(g) of the Companies (Audit and Auditors) Rules, 2014 is applicable from 1 April 2023.
Based on our examination which included test checks, the company have used accounting softwares for maintaining its books of account, which does not have a feature of recording audit trail (edit log) facility.
For and behalf of K. K. HARYANI & CO
©Chartered Accountants
FRN: 121950W
(CA. Kishor K. Haryani)
Place: Bharuch Proprietor
Date; 22nd May, 2024 Membership # 110780
UDIN : 24110/80BJ2XSS1460
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Evaluate -he appiupnateriu^ jI accounting poitetes used and the reason ableness of accounting estimate; apri
related disclosures made by management .<ay]rjv