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REGISTERED NUMBER: 07180032 (England and Wales)





















Unaudited Financial Statements for the Year Ended 31 March 2023

for

RS Jaganathan Limited

RS Jaganathan Limited (Registered number: 07180032)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RS Jaganathan Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: Dr R Jaganathan





SECRETARY: Mrs A Jaganathan





REGISTERED OFFICE: 35 Hainfield Drive
Solihull
West Mildlands
B91 2PL





REGISTERED NUMBER: 07180032 (England and Wales)






RS Jaganathan Limited (Registered number: 07180032)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,174 8,981
Investment property 5 418,000 418,000
426,174 426,981

CURRENT ASSETS
Debtors 6 4,922 2,913
Investments 7 39,650 41,822
Cash at bank 249,526 162,428
294,098 207,163
CREDITORS
Amounts falling due within one year 8 45,768 38,040
NET CURRENT ASSETS 248,330 169,123
TOTAL ASSETS LESS CURRENT
LIABILITIES

674,504

596,104

CREDITORS
Amounts falling due after more than one
year

9

(42,527

)

(42,527

)

PROVISIONS FOR LIABILITIES (3,869 ) (4,421 )
NET ASSETS 628,108 549,156

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 628,106 549,154
SHAREHOLDERS' FUNDS 628,108 549,156

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

RS Jaganathan Limited (Registered number: 07180032)

Balance Sheet - continued
31 March 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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

The financial statements were approved by the director and authorised for issue on 13 October 2023 and were signed by:





Dr R Jaganathan - Director


RS Jaganathan Limited (Registered number: 07180032)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

RS Jaganathan Limited 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

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.
Plant and machinery etc - 20% on reducing balance and 15% 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.

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 2 (2022 - 2 ) .

RS Jaganathan Limited (Registered number: 07180032)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 19,834
Additions 901
At 31 March 2023 20,735
DEPRECIATION
At 1 April 2022 10,853
Charge for year 1,708
At 31 March 2023 12,561
NET BOOK VALUE
At 31 March 2023 8,174
At 31 March 2022 8,981

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022
and 31 March 2023 418,000
NET BOOK VALUE
At 31 March 2023 418,000
At 31 March 2022 418,000

The investment property comprise one property. The fair value of the investment property has been arrived at on basis of a valuation carried out at 31 March 2023 by the Director. The valuation was made on an open market value basis by reference to market evidence of transaction prices of similar properties.

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2017 402,666
Valuation in 2018 3,212
Valuation in 2019 2,580
Valuation in 2020 542
Valuation in 2021 1,000
Valuation in 2022 8,000
418,000

RS Jaganathan Limited (Registered number: 07180032)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 1,731 788
Other debtors 3,191 2,125
4,922 2,913

7. CURRENT ASSET INVESTMENTS
31.3.23 31.3.22
£    £   
Listed investments 4,260 6,360
IG investment - cash balance 35,390 35,462
39,650 41,822

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 500 517
Taxation and social security 19,823 17,636
Other creditors 25,445 19,887
45,768 38,040

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Other creditors 42,527 42,527

10. ULTIMATE CONTROLLING PARTY

The controlling party is Dr R Jaganathan.