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REGISTERED NUMBER: 08224610 (England and Wales)















Financial Statements for the Year Ended 30 November 2024

for

R Rahim Ltd

R Rahim Ltd (Registered number: 08224610)

Contents of the Financial Statements
for the Year Ended 30 November 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


R Rahim Ltd

Company Information
for the Year Ended 30 November 2024







DIRECTOR: R Rahim





REGISTERED OFFICE: Suites 5 & 6 The Printworks
Hey Road
Barrow
Clitheroe
Lancashire
BB7 9WB





REGISTERED NUMBER: 08224610 (England and Wales)





ACCOUNTANTS: Bennett Kirkhope Smith
Chartered Certified Accountants
Suites 5 & 6 The Printworks
Hey Road
Barrow
Clitheroe
Lancashire
BB7 9WB

R Rahim Ltd (Registered number: 08224610)

Balance Sheet
30 November 2024

30.11.24 30.11.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 1,890 2,547
Investments 5 100 100
Investment property 6 1,277,275 1,277,275
1,279,265 1,279,922

CURRENT ASSETS
Debtors 7 39,516 47,669
Cash at bank 409,952 251,865
449,468 299,534
CREDITORS
Amounts falling due within one year 8 171,796 137,799
NET CURRENT ASSETS 277,672 161,735
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,556,937

1,441,657

CREDITORS
Amounts falling due after more than
one year

9

305,456

411,417
NET ASSETS 1,251,481 1,030,240

R Rahim Ltd (Registered number: 08224610)

Balance Sheet - continued
30 November 2024

30.11.24 30.11.23
Notes £    £    £   
CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 1,251,381 1,030,140
SHAREHOLDERS' FUNDS 1,251,481 1,030,240

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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 director and authorised for issue on 10 April 2025 and were signed by:





R Rahim - Director


R Rahim Ltd (Registered number: 08224610)

Notes to the Financial Statements
for the Year Ended 30 November 2024


1. STATUTORY INFORMATION

R Rahim 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Computer equipment - 33% on reducing balance

Investments in associates
Investments in associate undertakings are recognised at cost.

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 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.

R Rahim Ltd (Registered number: 08224610)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 December 2023
and 30 November 2024 2,744 3,920 6,664
DEPRECIATION
At 1 December 2023 1,339 2,778 4,117
Charge for year 281 376 657
At 30 November 2024 1,620 3,154 4,774
NET BOOK VALUE
At 30 November 2024 1,124 766 1,890
At 30 November 2023 1,405 1,142 2,547

5. FIXED ASSET INVESTMENTS
Interest
in
associate
£   
COST
At 1 December 2023
and 30 November 2024 100
NET BOOK VALUE
At 30 November 2024 100
At 30 November 2023 100

R Rahim Ltd (Registered number: 08224610)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024


6. INVESTMENT PROPERTY
Total
£   
COST
At 1 December 2023
and 30 November 2024 1,277,275
NET BOOK VALUE
At 30 November 2024 1,277,275
At 30 November 2023 1,277,275

The director is of the opinion that the fair value of the property is not materially different to its cost.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Trade debtors 31,101 42,507
Prepayments 8,415 5,162
39,516 47,669

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Bank loans and overdrafts 5,693 5,342
Corporation tax 65,724 48,066
Directors' current accounts 92,271 81,772
Accrued expenses 8,108 2,619
171,796 137,799

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.11.24 30.11.23
£    £   
Bank loans - 1-2 years 5,456 5,586
Bank loans - 2-5 years - 5,831
Directors' loan accounts 300,000 400,000
305,456 411,417

R Rahim Ltd (Registered number: 08224610)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024


10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.24 30.11.23
value: £    £   
100 Ordinary £1.00 100 100

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is R Rahim.