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REGISTERED NUMBER: 03136897 (England and Wales)















RAJ & KNOLL LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






RAJ & KNOLL LIMITED (REGISTERED NUMBER: 03136897)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RAJ & KNOLL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mrs A N Patel
Mr N G Patel





SECRETARY: Mrs A N Patel





REGISTERED OFFICE: 68 Liverpool Road
Walmer
Deal
Kent
CT14 7LP





REGISTERED NUMBER: 03136897 (England and Wales)





ACCOUNTANTS: Spurling Cannon
Chartered Certified Accountants
424 Margate Road
Westwood
Ramsgate
Kent
CT12 6SJ

RAJ & KNOLL LIMITED (REGISTERED NUMBER: 03136897)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,160,275 1,318,558
Investment property 6 500,000 500,000
1,660,275 1,818,558

CURRENT ASSETS
Debtors 7 9,297,975 8,333,821
Cash at bank 6,815,503 5,205,147
16,113,478 13,538,968
CREDITORS
Amounts falling due within one year 8 (771,943 ) (645,847 )
NET CURRENT ASSETS 15,341,535 12,893,121
TOTAL ASSETS LESS CURRENT
LIABILITIES

17,001,810

14,711,679

PROVISIONS FOR LIABILITIES (11,604 ) (11,487 )
NET ASSETS 16,990,206 14,700,192

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 16,990,106 14,700,092
SHAREHOLDERS' FUNDS 16,990,206 14,700,192

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

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

RAJ & KNOLL LIMITED (REGISTERED NUMBER: 03136897)

BALANCE SHEET - continued
31 MARCH 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 17 September 2024 and were signed on its behalf by:




Mrs A N Patel - Director



Mr N G Patel - Director


RAJ & KNOLL LIMITED (REGISTERED NUMBER: 03136897)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Raj & Knoll 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 represents invoiced services provided and includes irrecoverable value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 4% on cost
Fixture & Fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% 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.

RAJ & KNOLL LIMITED (REGISTERED NUMBER: 03136897)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued

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 49 (2023 - 40 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 90,000
AMORTISATION
At 1 April 2023
and 31 March 2024 90,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Freehold Fixture & Motor Computer
property Fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 3,577,346 449,646 49,745 12,123 4,088,860
Additions - 4,445 - - 4,445
At 31 March 2024 3,577,346 454,091 49,745 12,123 4,093,305
DEPRECIATION
At 1 April 2023 2,364,114 376,002 21,763 8,423 2,770,302
Charge for year 143,094 11,713 6,996 925 162,728
At 31 March 2024 2,507,208 387,715 28,759 9,348 2,933,030
NET BOOK VALUE
At 31 March 2024 1,070,138 66,376 20,986 2,775 1,160,275
At 31 March 2023 1,213,232 73,644 27,982 3,700 1,318,558


RAJ & KNOLL LIMITED (REGISTERED NUMBER: 03136897)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 500,000
NET BOOK VALUE
At 31 March 2024 500,000
At 31 March 2023 500,000

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2014 793,363
Valuation in 2015 (200,000 )
Valuation in 2023 (93,363 )
500,000

7. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 383,127 308,227
Sundry debtors 105,600 600
Prepayments and accrued income 114,324 51,390
603,051 360,217

Amounts falling due after more than one year:
NPS (Deal) Limited 8,694,924 7,973,604

Aggregate amounts 9,297,975 8,333,821

Amounts falling due after more than one year, include the following sums owed by undertakings in which the company has participating interest:

A Loan to NPS (Deal) Limited in the sum of £8,694,924 (2023: £7,973,604). NPS Deal Limited is owned by Miss N and Mr P Patel, the children of Mr N and Mrs A Patel. The loan is unsecured, interest free and repayable with 12 months notice from Raj & Knoll Limited.

RAJ & KNOLL LIMITED (REGISTERED NUMBER: 03136897)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 2,820 -
Corporation Tax 587,604 457,697
Social security and other taxes 31,347 25,289
Sundry creditors 83,489 84,034
Directors' current accounts 52,499 44,859
Accruals and deferred income 14,184 33,968
771,943 645,847

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Related party transactions

At the balance sheet date the amount due to Mr N G Patel and Mrs A N Patel was £52,499 (2023: £44,859)

10. CONTROLLING PARTY

The company is controlled by the directors who own 100% of the called up share capital.