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REGISTERED NUMBER: 11162766 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

RKSN Limited

RKSN Limited (Registered number: 11162766)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


RKSN Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: Mr R K Kapoor
S A Naroo





REGISTERED OFFICE: Unit 25 Sarum Complex
Salisbury Road
Uxbridge
UB8 2RZ





REGISTERED NUMBER: 11162766 (England and Wales)





ACCOUNTANTS: Integral Associates Limited
Unit 25 Sarum Complex
Salisbury Road
Uxbridge
Middlesex
UB8 2RZ

RKSN Limited (Registered number: 11162766)

Statement of Financial Position
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 2,250,000 2,250,000

CURRENT ASSETS
Debtors 5 487,677 487,677
Cash at bank and in hand 1,582 3,219
489,259 490,896
CREDITORS
Amounts falling due within one year 6 232,250 172,222
NET CURRENT ASSETS 257,009 318,674
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,507,009

2,568,674

CREDITORS
Amounts falling due after more than
one year

7

1,470,625

1,449,908
NET ASSETS 1,036,384 1,118,766

CAPITAL AND RESERVES
Called up share capital 9 2 2
Share premium 10 1,243,316 1,243,316
Retained earnings 10 (206,934 ) (124,552 )
SHAREHOLDERS' FUNDS 1,036,384 1,118,766

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

RKSN Limited (Registered number: 11162766)

Statement of Financial Position - continued
31 January 2024


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 Board of Directors and authorised for issue on 19 September 2024 and were signed on its behalf by:





S A Naroo - Director


RKSN Limited (Registered number: 11162766)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

RKSN 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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 statement of financial position date.


RKSN Limited (Registered number: 11162766)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 (2023 - NIL ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023
and 31 January 2024 2,250,000
NET BOOK VALUE
At 31 January 2024 2,250,000
At 31 January 2023 2,250,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Amounts owed by group undertakings 487,677 487,677

RKSN Limited (Registered number: 11162766)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Other creditors 2,000 2,000
Directors' current accounts 228,449 159,949
Accrued expenses 1,801 10,273
232,250 172,222

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans - 2-5 years - 147,720
Bank loans more 5 yr by instal 1,470,625 1,302,188
1,470,625 1,449,908

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 1,470,625 1,302,188

8. SECURED DEBTS

The following secured debts are included within creditors:

31.1.24 31.1.23
£    £   
Bank loans 1,470,625 1,449,908

The company 's borrowing is at a fixed rate margin of 2.75% to 6.15 . The loan is repayable over 25 years.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
2 Ordinary shares £1 2 2

RKSN Limited (Registered number: 11162766)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

10. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 February 2023 (124,552 ) 1,243,316 1,118,764
Deficit for the year (82,382 ) (82,382 )
At 31 January 2024 (206,934 ) 1,243,316 1,036,382

11. ULTIMATE CONTROLLING PARTY

The directors are the ultimate controlling party.