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REGISTERED NUMBER: 13520422 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 July 2024

for

RASKAN ENTERPRISES LTD

RASKAN ENTERPRISES LTD (REGISTERED NUMBER: 13520422)

Contents of the Financial Statements
for the year ended 31 July 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


RASKAN ENTERPRISES LTD

Company Information
for the year ended 31 July 2024







Directors: Mrs A Johar
Mr K I S Sohal





Registered office: New Derwent House
69-73 Theobalds Road
London
WC1X 8TA





Registered number: 13520422 (England and Wales)





Accountants: Cooper Parry Advisory Limited
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

RASKAN ENTERPRISES LTD (REGISTERED NUMBER: 13520422)

Statement of Financial Position
31 July 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Intangible assets 4 51,285 58,159
Tangible assets 5 233,662 261,488
284,947 319,647

Current assets
Stocks 7,500 7,500
Debtors 6 27,699 57,961
Cash at bank 22,112 17,627
57,311 83,088
Creditors
Amounts falling due within one year 7 210,405 185,372
Net current liabilities (153,094 ) (102,284 )
Total assets less current liabilities 131,853 217,363

Creditors
Amounts falling due after more than one
year

8

432,807

432,807
Net liabilities (300,954 ) (215,444 )

Capital and reserves
Called up share capital 10 2 2
Retained earnings (300,956 ) (215,446 )
Shareholders' funds (300,954 ) (215,444 )

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

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

RASKAN ENTERPRISES LTD (REGISTERED NUMBER: 13520422)

Statement of Financial Position - continued
31 July 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 April 2025 and were signed on its behalf by:




Mrs A Johar - Director



Mr K I S Sohal - Director


RASKAN ENTERPRISES LTD (REGISTERED NUMBER: 13520422)

Notes to the Financial Statements
for the year ended 31 July 2024


1. Statutory information

Raskan Enterprises 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.

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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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

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.

Franchise & licences are being amortised evenly over their estimated useful life of ten years and fifteen years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property - over 15 years
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Computer equipment - 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Operating leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

RASKAN ENTERPRISES LTD (REGISTERED NUMBER: 13520422)

Notes to the Financial Statements - continued
for the year ended 31 July 2024


2. Accounting policies - continued

Going concern
Although the company has net liabilities of £300,954, the directors will continue to support the company and are confident that the company will become profitable in future years. The accounts have therefore been prepared on a going concern basis.

3. Employees and directors

The average number of employees during the year was 22 (2023 - 24 ) .

4. Intangible fixed assets
Franchise
& licences
£   
Cost
At 1 August 2023
and 31 July 2024 70,604
Amortisation
At 1 August 2023 12,445
Amortisation for year 6,874
At 31 July 2024 19,319
Net book value
At 31 July 2024 51,285
At 31 July 2023 58,159

5. Tangible fixed assets
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
Cost
At 1 August 2023 216,909 59,072 1,691 30,339 308,011
Additions - - - 5,543 5,543
At 31 July 2024 216,909 59,072 1,691 35,882 313,554
Depreciation
At 1 August 2023 24,161 15,172 438 6,752 46,523
Charge for year 14,468 11,815 339 6,747 33,369
At 31 July 2024 38,629 26,987 777 13,499 79,892
Net book value
At 31 July 2024 178,280 32,085 914 22,383 233,662
At 31 July 2023 192,748 43,900 1,253 23,587 261,488

RASKAN ENTERPRISES LTD (REGISTERED NUMBER: 13520422)

Notes to the Financial Statements - continued
for the year ended 31 July 2024


6. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 1,378 10,632
Other debtors 26,321 47,329
27,699 57,961

7. Creditors: amounts falling due within one year
2024 2023
£    £   
Trade creditors 51,498 23,589
Taxation and social security 17,260 3,124
Other creditors 141,647 158,659
210,405 185,372

8. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Other creditors 432,807 432,807

9. Leasing agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 102,017 76,014
Between one and five years 600,000 582,017
In more than five years 770,000 890,000
1,472,017 1,548,031

10. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary Shares 1 2 2

11. Related party disclosures

Included in other creditors is an amount of £33,762 (2022 - £33,762) owed to Comfort Care Services (Colchester) Limited, a company incorporated in England, in which the directors have a material interest.

Included in other creditors is an amount of £45,892 (2022 - £45,892) owed to Sohal Heathcare Limited, a company incorporated in England, in which the directors have a material interest.