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REGISTERED NUMBER: 08241413 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

Rohit R Sanghvi Limited

Rohit R Sanghvi Limited (Registered number: 08241413)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Rohit R Sanghvi Limited

Company Information
for the Year Ended 31 October 2023







DIRECTOR: Rohit Ramniklal Sanghvi





REGISTERED OFFICE: Sherwood House
176 Northolt Road
South Harrow
Middlesex
HA2 0NP





REGISTERED NUMBER: 08241413 (England and Wales)





ACCOUNTANTS: Prestons
Chartered Accountants
364-368 Cranbrook Road
Gants Hill
Ilford
Essex
IG2 6HY

Rohit R Sanghvi Limited (Registered number: 08241413)

Balance Sheet
31 October 2023

31/10/23 31/10/22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 85,000

CURRENT ASSETS
Debtors 5 1,396,454 1,532,898
Cash at bank and in hand 6,667 30,922
1,403,121 1,563,820
CREDITORS
Amounts falling due within one year 6 153,944 161,882
NET CURRENT ASSETS 1,249,177 1,401,938
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,249,177

1,486,938

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,249,077 1,486,838
1,249,177 1,486,938

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

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

Rohit R Sanghvi Limited (Registered number: 08241413)

Balance Sheet - continued
31 October 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 18 March 2025 and were signed by:





Rohit Ramniklal Sanghvi - Director


Rohit R Sanghvi Limited (Registered number: 08241413)

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

1. STATUTORY INFORMATION

Rohit R Sanghvi 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of ten years.

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 NIL (2022 - NIL).

Rohit R Sanghvi Limited (Registered number: 08241413)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2022
and 31 October 2023 850,000
AMORTISATION
At 1 November 2022 765,000
Charge for year 85,000
At 31 October 2023 850,000
NET BOOK VALUE
At 31 October 2023 -
At 31 October 2022 85,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/23 31/10/22
£    £   
Amounts owed by associates 517,212 627,906
Other debtors 879,242 904,992
1,396,454 1,532,898

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/23 31/10/22
£    £   
Amounts owed to associates 144,215 -
Taxation and social security - 39,822
Other creditors 9,729 122,060
153,944 161,882

7. RELATED PARTY DISCLOSURES

On 31 October 2018, Sherwood Ventures Limited took over from R R Sanghvi a liability of £170,000 that was due to Rohit R Sanghvi Limited. This was in exchange for a reduction of £170,000 in the liability owed by Sherwood Ventures Limited to R R Sanghvi.

At 31 October 2023, Sherwood Ventures Limited owed £864,250 to Rohit R Sanghvi Limited (2022: £890,000). This balance is recorded as other debtors.

Sherwood Ventures Limited is controlled by R R Sanghvi.

R R Sanghvi is a director and the sole shareholder of Rohit R Sanghvi Limited.

Rohit R Sanghvi Limited (Registered number: 08241413)

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

8. CONTROLLING PARTY

The controlling party is Rohit Ramniklal Sanghvi.