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COMPANY REGISTRATION NUMBER: 9102191
RAJ TRANSPORT (HOLDINGS) LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 July 2024
RAJ TRANSPORT (HOLDINGS) LIMITED
FINANCIAL STATEMENTS
YEAR ENDED 31 JULY 2024
CONTENTS
PAGE
Statement of financial position
1
Notes to the financial statements
3
RAJ TRANSPORT (HOLDINGS) LIMITED
STATEMENT OF FINANCIAL POSITION
31 July 2024
2024
2023
Note
£
£
£
£
FIXED ASSETS
Investments
5
102
102
CURRENT ASSETS
Debtors
6
100,894
69,250
Investments
7
3,753,113
3,400,000
Cash at bank and in hand
314,945
704,172
-------------
-------------
4,168,952
4,173,422
CREDITORS: amounts falling due within one year
8
173,973
182,002
-------------
-------------
NET CURRENT ASSETS
3,994,979
3,991,420
-------------
-------------
TOTAL ASSETS LESS CURRENT LIABILITIES
3,995,081
3,991,522
-------------
-------------
NET ASSETS
3,995,081
3,991,522
-------------
-------------
RAJ TRANSPORT (HOLDINGS) LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
31 July 2024
2024
2023
Note
£
£
£
£
CAPITAL AND RESERVES
Called up share capital
102
102
Profit and loss account
3,994,979
3,991,420
-------------
-------------
SHAREHOLDERS FUNDS
3,995,081
3,991,522
-------------
-------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 27 September 2024 , and are signed on behalf of the board by:
R A Jordan
Director
Company registration number: 9102191
RAJ TRANSPORT (HOLDINGS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 JULY 2024
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England. The address of the registered office is Equitable House, 55 Pellon Lane, Halifax, West Yorkshire, HX1 5SP.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. There are not considered to be any judgements or accounting estimates or assumptions that have a significant impact on the financial statements .
Current and deferred taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method .
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).
5. INVESTMENTS
Shares in group undertakings
£
Cost
At 1 August 2023 and 31 July 2024
102
----
Impairment
At 1 August 2023 and 31 July 2024
----
Carrying amount
At 31 July 2024
102
----
At 31 July 2023
102
----
The investment represents the company's ownership of 100% of the ordinary share capital in RAJ Transport Limited, a company incorporated in England and Wales. At 31 July 2024, RAJ Transport Ltd had capital and reserves of £97,350 (2023 - £97,350), there was no profit or loss during the year or the previous year. The subsidiary is currently dormant and will remain so for the foreseeable future.
6. DEBTORS
2024
2023
£
£
Other debtors
100,894
69,250
----------
---------
7. INVESTMENTS
2024
2023
£
£
Short-term deposits
3,753,113
3,400,000
-------------
-------------
8. CREDITORS: amounts falling due within one year
2024
2023
£
£
Amounts owed to group undertakings and undertakings in which the company has a participating interest
97,350
97,350
Corporation tax
15,766
10,689
Social security and other taxes
1,048
572
Other creditors
59,809
73,391
----------
----------
173,973
182,002
----------
----------
9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES
During the year the director had a loan with the Company which was in credit throughout the year, was interest free, unsecured and repayable on demand .