2022-02-012023-01-312023-01-31false09382879RASHWAN LIMITED2023-10-0468100iso4217:GBPxbrli:pure093828792022-02-01093828792023-01-31093828792022-02-012023-01-31093828792021-02-01093828792022-01-31093828792021-02-012022-01-3109382879bus:SmallEntities2022-02-012023-01-3109382879bus:AuditExempt-NoAccountantsReport2022-02-012023-01-3109382879bus:FullAccounts2022-02-012023-01-3109382879bus:PrivateLimitedCompanyLtd2022-02-012023-01-3109382879core:WithinOneYear2023-01-3109382879core:AfterOneYear2023-01-3109382879core:WithinOneYear2022-01-3109382879core:AfterOneYear2022-01-3109382879core:ShareCapital2023-01-3109382879core:SharePremium2023-01-3109382879core:RevaluationReserve2023-01-3109382879core:OtherReservesSubtotal2023-01-3109382879core:RetainedEarningsAccumulatedLosses2023-01-3109382879core:ShareCapital2022-01-3109382879core:SharePremium2022-01-3109382879core:RevaluationReserve2022-01-3109382879core:OtherReservesSubtotal2022-01-3109382879core:RetainedEarningsAccumulatedLosses2022-01-3109382879core:LandBuildings2023-01-3109382879core:PlantMachinery2023-01-3109382879core:Vehicles2023-01-3109382879core:FurnitureFittings2023-01-3109382879core:OfficeEquipment2023-01-3109382879core:NetGoodwill2023-01-3109382879core:IntangibleAssetsOtherThanGoodwill2023-01-3109382879core:ListedExchangeTraded2023-01-3109382879core:UnlistedNon-exchangeTraded2023-01-3109382879core:LandBuildings2022-01-3109382879core:PlantMachinery2022-01-3109382879core:Vehicles2022-01-3109382879core:FurnitureFittings2022-01-3109382879core:OfficeEquipment2022-01-3109382879core:NetGoodwill2022-01-3109382879core:IntangibleAssetsOtherThanGoodwill2022-01-3109382879core:ListedExchangeTraded2022-01-3109382879core:UnlistedNon-exchangeTraded2022-01-3109382879core:LandBuildings2022-02-012023-01-3109382879core:PlantMachinery2022-02-012023-01-3109382879core:Vehicles2022-02-012023-01-3109382879core:FurnitureFittings2022-02-012023-01-3109382879core:OfficeEquipment2022-02-012023-01-3109382879core:NetGoodwill2022-02-012023-01-3109382879core:IntangibleAssetsOtherThanGoodwill2022-02-012023-01-3109382879core:ListedExchangeTraded2022-02-012023-01-3109382879core:UnlistedNon-exchangeTraded2022-02-012023-01-3109382879core:MoreThanFiveYears2022-02-012023-01-3109382879core:Non-currentFinancialInstruments2023-01-3109382879core:Non-currentFinancialInstruments2022-01-3109382879dpl:CostSales2022-02-012023-01-3109382879dpl:DistributionCosts2022-02-012023-01-3109382879dpl:AdministrativeExpenses2022-02-012023-01-3109382879core:LandBuildings2022-02-012023-01-3109382879core:PlantMachinery2022-02-012023-01-3109382879core:Vehicles2022-02-012023-01-3109382879core:FurnitureFittings2022-02-012023-01-3109382879core:OfficeEquipment2022-02-012023-01-3109382879core:NetGoodwill2022-02-012023-01-3109382879core:IntangibleAssetsOtherThanGoodwill2022-02-012023-01-3109382879dpl:GroupUndertakings2022-02-012023-01-3109382879dpl:ParticipatingInterests2022-02-012023-01-3109382879dpl:GroupUndertakingscore:ListedExchangeTraded2022-02-012023-01-3109382879core:ListedExchangeTraded2022-02-012023-01-3109382879dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-02-012023-01-3109382879core:UnlistedNon-exchangeTraded2022-02-012023-01-3109382879dpl:CostSales2021-02-012022-01-3109382879dpl:DistributionCosts2021-02-012022-01-3109382879dpl:AdministrativeExpenses2021-02-012022-01-3109382879core:LandBuildings2021-02-012022-01-3109382879core:PlantMachinery2021-02-012022-01-3109382879core:Vehicles2021-02-012022-01-3109382879core:FurnitureFittings2021-02-012022-01-3109382879core:OfficeEquipment2021-02-012022-01-3109382879core:NetGoodwill2021-02-012022-01-3109382879core:IntangibleAssetsOtherThanGoodwill2021-02-012022-01-3109382879dpl:GroupUndertakings2021-02-012022-01-3109382879dpl:ParticipatingInterests2021-02-012022-01-3109382879dpl:GroupUndertakingscore:ListedExchangeTraded2021-02-012022-01-3109382879core:ListedExchangeTraded2021-02-012022-01-3109382879dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-02-012022-01-3109382879core:UnlistedNon-exchangeTraded2021-02-012022-01-3109382879core:NetGoodwill2023-01-3109382879core:IntangibleAssetsOtherThanGoodwill2023-01-3109382879core:LandBuildings2023-01-3109382879core:PlantMachinery2023-01-3109382879core:Vehicles2023-01-3109382879core:FurnitureFittings2023-01-3109382879core:OfficeEquipment2023-01-3109382879core:AfterOneYear2023-01-3109382879core:WithinOneYear2023-01-3109382879core:ListedExchangeTraded2023-01-3109382879core:UnlistedNon-exchangeTraded2023-01-3109382879core:ShareCapital2023-01-3109382879core:SharePremium2023-01-3109382879core:RevaluationReserve2023-01-3109382879core:OtherReservesSubtotal2023-01-3109382879core:RetainedEarningsAccumulatedLosses2023-01-3109382879core:NetGoodwill2022-01-3109382879core:IntangibleAssetsOtherThanGoodwill2022-01-3109382879core:LandBuildings2022-01-3109382879core:PlantMachinery2022-01-3109382879core:Vehicles2022-01-3109382879core:FurnitureFittings2022-01-3109382879core:OfficeEquipment2022-01-3109382879core:AfterOneYear2022-01-3109382879core:WithinOneYear2022-01-3109382879core:Liste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RASHWAN LIMITED

Registered Number
09382879
(England and Wales)

Unaudited Financial Statements for the Year ended
31 January 2023

RASHWAN LIMITED
Company Information
for the year from 1 February 2022 to 31 January 2023

Director

AKHTAR, Rehman

Registered Address

19 Sheldon House Gayton Road
Harrow
HA1 2FA

Registered Number

09382879 (England and Wales)
RASHWAN LIMITED
Statement of Financial Position
31 January 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets67011,402
Investments7142,065216,752
Investment property8140,000140,000
282,766358,154
Current assets
Debtors91,3185,282
Cash at bank and on hand2,56361,721
3,88167,003
Creditors amounts falling due within one year-(300)
Net current assets (liabilities)3,88166,703
Total assets less current liabilities286,647424,857
Creditors amounts falling due after one year10(742,605)(840,669)
Provisions for liabilities11(4,750)(4,750)
Net assets(460,708)(420,562)
Capital and reserves
Called up share capital11
Revaluation reserve20,25020,250
Profit and loss account(480,959)(440,813)
Shareholders' funds(460,708)(420,562)
The financial statements were approved and authorised for issue by the Director on 4 October 2023, and are signed on its behalf by:
AKHTAR, Rehman
Director
Registered Company No. 09382879
RASHWAN LIMITED
Notes to the Financial Statements
for the year ended 31 January 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Basis of measurement used in financial statements
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).
4.Accounting policies
Property, plant and equipment policy
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Fixtures and fittings4
Investment property policy
Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.
Deferred tax policy
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Investments policy
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
5.Employee information

20232022
Average number of employees during the year00
6.Property, plant and equipment

Fixtures & fittings

Total

££
Cost or valuation
At 01 February 222,8042,804
At 31 January 232,8042,804
Depreciation and impairment
At 01 February 221,4021,402
Charge for year701701
At 31 January 232,1032,103
Net book value
At 31 January 23701701
At 31 January 221,4021,402
7.Fixed asset investments

Loans to groups1

Other investments2

Total

£££
Cost or valuation
At 01 February 221,752215,000216,752
Additions313-313
Disposals-(75,000)(75,000)
At 31 January 232,065140,000142,065
Net book value
At 31 January 232,065140,000142,065
At 31 January 221,752215,000216,752

Notes

1Loans to group undertakings and participating interests
2Other investments other than loans
8.Investment property

£
Fair value at 01 February 22140,000
At 31 January 23140,000
9.Debtors

2023

2022

££
Trade debtors / trade receivables1,061478
Other debtors-4,804
Prepayments and accrued income257-
Total1,3185,282
10.Creditors after one year

2023

2022

££
Bank borrowings and overdrafts113,673116,644
Other creditors628,932724,025
Total742,605840,669
Other creditors include an interest free loan amount of £144,677 (2022 : £144,944) owed to the director of the company.
11.Provisions for liabilities

2023

2022

££
Net deferred tax liability (asset)4,7504,750
Total4,7504,750