Registered number
07370367
RAJ BHAVAN LIMITED
Filleted Accounts
31 May 2022
RAJ BHAVAN LIMITED
Registered number: 07370367
Balance Sheet
as at 31 May 2022
Notes 2022 2020
£ £
Fixed assets
Tangible assets 3 - 41,956
Current assets
Stocks - 2,510
Debtors 4 - 11,029
Cash at bank and in hand 50,858 50,443
50,858 63,982
Creditors: amounts falling due within one year 5 (16,622) (66,091)
Net current assets/(liabilities) 34,236 (2,109)
Net assets 34,236 39,847
Capital and reserves
Called up share capital 100 100
Profit and loss account 34,136 39,747
Shareholders' funds 34,236 39,847
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Syed Shelim Hayder Ali
Director
Approved by the board on 8 June 2022
RAJ BHAVAN LIMITED
Notes to the Accounts
for the period from 1 December 2020 to 31 May 2022
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment Nil
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
2 Employees 2022 2020
Number Number
Average number of persons employed by the company 8 7
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 December 2020 107,538
Disposals (107,538)
At 31 May 2022 -
Depreciation
At 1 December 2020 65,582
On disposals (65,582)
At 31 May 2022 -
Net book value
At 31 May 2022 -
At 30 November 2020 41,956
4 Debtors 2022 2020
£ £
Trade debtors - 2,157
Other debtors - 8,872
- 11,029
5 Creditors: amounts falling due within one year 2022 2020
£ £
Trade creditors 392 260
Taxation and social security costs 9,149 22,600
Other creditors 7,081 43,231
16,622 66,091
6 Ultimate controlling party
The company is controlled by Spice Creek Limited by virtue of its 100% shareholding.
7 Other information
RAJ BHAVAN LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
316 Limpsfield Road
South Croydon
London
CR2 9BX
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