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REGISTERED NUMBER: 07312369 (England and Wales)















Financial Statements for the Year Ended 31 March 2018

for

Rakesh Parikh Ltd

Rakesh Parikh Ltd (Registered number: 07312369)

Contents of the Financial Statements
for the Year Ended 31 March 2018










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Rakesh Parikh Ltd

Company Information
for the Year Ended 31 March 2018







DIRECTORS: R G B Parikh
P R Parikh
C Parikh
S R Parikh





SECRETARY: R G B Parikh





REGISTERED OFFICE: Suites 5 & 6 The Printworks
Hey Road
Barrow
Clitheroe
Lancashire
BB7 9WB





REGISTERED NUMBER: 07312369 (England and Wales)





ACCOUNTANTS: Bennett Kirkhope Smith
Chartered Certified Accountants
Suites 5 & 6 The Printworks
Hey Road
Barrow
Clitheroe
Lancashire
BB7 9WB

Rakesh Parikh Ltd (Registered number: 07312369)

Balance Sheet
31 March 2018

31.3.18 31.3.17
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,790 1,156
Investment property 5 136,521 -
140,311 1,156

CURRENT ASSETS
Debtors 6 52,121 53,675
Cash at bank 2,346 31,234
54,467 84,909
CREDITORS
Amounts falling due within one year 7 142,273 28,018
NET CURRENT (LIABILITIES)/ASSETS (87,806 ) 56,891
TOTAL ASSETS LESS CURRENT
LIABILITIES

52,505

58,047

PROVISIONS FOR LIABILITIES 9 720 -
NET ASSETS 51,785 58,047

CAPITAL AND RESERVES
Called up share capital 10 100 100
Capital redemption reserve 6 6
Retained earnings 51,679 57,941
SHAREHOLDERS' FUNDS 51,785 58,047

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and
387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the
company as at the end of each financial year and of its profit or loss for each financial year in
accordance with the requirements of Sections 394 and 395 and which otherwise comply with
the requirements of the Companies Act 2006 relating to financial statements, so far as
applicable to the company.

Rakesh Parikh Ltd (Registered number: 07312369)

Balance Sheet - continued
31 March 2018


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 12 November 2018 and
were signed on its behalf by:




P R Parikh - Director



R G B Parikh - Director


Rakesh Parikh Ltd (Registered number: 07312369)

Notes to the Financial Statements
for the Year Ended 31 March 2018


1. STATUTORY INFORMATION

Rakesh Parikh Ltd is a private company, limited by shares , registered in England and
Wales. The company's registered number and registered office address can be found on
the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding
discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Furniture - 20% on reducing balance
Computer equipment - 33% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit
arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income
Statement, except to the extent that it relates to items recognised in other comprehensive
income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that
have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not
reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in
periods different from those in which they are recognised in financial statements. Deferred
tax is measured using tax rates and laws that have been enacted or substantively enacted
by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it
is probable that they will be recovered against the reversal of deferred tax liabilities or other
future taxable profits.

Rakesh Parikh Ltd (Registered number: 07312369)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2018


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis
over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to
the company's pension scheme are charged to profit or loss in the period to which they
relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2017 - 4 ) .

4. TANGIBLE FIXED ASSETS
Computer
Furniture equipment Totals
£    £    £   
COST
At 1 April 2017 - 4,626 4,626
Additions 2,500 999 3,499
At 31 March 2018 2,500 5,625 8,125
DEPRECIATION
At 1 April 2017 - 3,470 3,470
Charge for year 150 715 865
At 31 March 2018 150 4,185 4,335
NET BOOK VALUE
At 31 March 2018 2,350 1,440 3,790
At 31 March 2017 - 1,156 1,156

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 136,521
At 31 March 2018 136,521
NET BOOK VALUE
At 31 March 2018 136,521

Rakesh Parikh Ltd (Registered number: 07312369)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2018


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.18 31.3.17
£    £   
Trade debtors 9,384 5,332
Other debtors 42,475 48,099
Prepayments 262 244
52,121 53,675

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.18 31.3.17
£    £   
Corporation tax 10,165 11,071
Social security and other taxes 440 -
Directors' current accounts 130,220 14,489
Accrued expenses 1,448 2,458
142,273 28,018

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.3.18 31.3.17
£    £   
Between one and five years 1,830 5,490

9. PROVISIONS FOR LIABILITIES
31.3.18 31.3.17
£    £   
Deferred tax 720 -

Deferred
tax
£   
Charge to Income Statement during year 720
Balance at 31 March 2018 720

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.18 31.3.17
value: £    £   
100 Ordinary £1 100 100

Rakesh Parikh Ltd (Registered number: 07312369)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2018


11. RELATED PARTY DISCLOSURES

During the year, total dividends of £51,000 (2017 - £45,200) were paid to the directors .

12. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party