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REGISTERED NUMBER: 12667504 (England and Wales)















Financial Statements for the Year Ended 31 May 2024

for

R & A Nagra Ltd

R & A Nagra Ltd (Registered number: 12667504)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


R & A Nagra Ltd

Company Information
for the Year Ended 31 May 2024







DIRECTORS: R S Nagra
Mrs A Nagra





REGISTERED OFFICE: 30 Great Bridge
Tipton
West Midlands
DY4 7EW





REGISTERED NUMBER: 12667504 (England and Wales)





ACCOUNTANTS: Aggarwal & Co
Chartered Certified Accountants
471 Green Lane
Coventry
West Midlands
CV3 6EL

R & A Nagra Ltd (Registered number: 12667504)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Investments 4 2,199,472 2,199,472

CURRENT ASSETS
Debtors 5 - 110,059
Cash in hand 100 100
100 110,159
CREDITORS
Amounts falling due within one year 6 360,004 306,111
NET CURRENT LIABILITIES (359,904 ) (195,952 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,839,568

2,003,520

CREDITORS
Amounts falling due after more than one
year

7

1,823,718

1,994,709
NET ASSETS 15,850 8,811

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 15,750 8,711
15,850 8,811

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

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

R & A Nagra Ltd (Registered number: 12667504)

Balance Sheet - continued
31 May 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 4 February 2025 and were signed on its behalf by:





R S Nagra - Director


R & A Nagra Ltd (Registered number: 12667504)

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

1. STATUTORY INFORMATION

R & A Nagra Ltd 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.

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

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 June 2023
and 31 May 2024 2,199,472
NET BOOK VALUE
At 31 May 2024 2,199,472
At 31 May 2023 2,199,472

R & A Nagra Ltd (Registered number: 12667504)

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

4. FIXED ASSET INVESTMENTS - continued

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Aston Chemist Limited
Registered office: UK
Nature of business: Dispensing Chemists
%
Class of shares: holding
Ordinary 100.00

Aston Chemist Limited Cost £825,714

Lunts Healthcare Limited
Registered office: UK
Nature of business: Dispensing Chemists
%
Class of shares: holding
Ordinary 100.00

Lunts Healthcare Limited Cost £1,373,758


______________

£2,199,472
============

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Amounts owed by group undertakings - 110,059

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 56,819 66,207
Trade creditors (1 ) 1
Amounts owed to group undertakings 300,225 237,220
Taxation and social security 2,027 1,791
Other creditors 934 892
360,004 306,111

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Bank loans 1,225,560 1,272,989
Other creditors 598,158 721,720
1,823,718 1,994,709

R & A Nagra Ltd (Registered number: 12667504)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.5.24 31.5.23
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 998,284 1,008,160

8. SECURED DEBTS

The following secured debts are included within creditors:

31.5.24 31.5.23
£    £   
Bank loans 1,282,379 1,339,196