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Registration number: 02590337

Radwish Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 September 2024

 

Radwish Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3

Notes to the Unaudited Financial Statements

4 to 6

 

Radwish Limited

Company Information

Director

K S Shah

Company secretary

N Rowe

Registered office

Belfry House
Champions Way
Hendon
London
NW4 1PX

Accountants

KSEG
Chartered Accountants
Belfry House
Champions Way
Hendon
London
NW4 1PX

 

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Financial Statements of
Radwish Limited
for the Year Ended 30 September 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Radwish Limited for the year ended 30 September 2024 which comprise the statement of comprehensive income, balance sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
https://www.icaew.com/regulation/a-z.

It is your duty to ensure that Radwish Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Radwish Limited. You consider that Radwish Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Radwish Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

Use of our report

This report is made solely to the director of Radwish Limited in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Radwish Limited and state those matters that we have agreed to state to the director of Radwish Limited in this report in accordance with ICAEW Technical Release TECH 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Radwish Limited and its director for our work or for this report.

......................................

KSEG
Chartered Accountants
Belfry House
Champions Way
Hendon
London
NW4 1PX

27 June 2025

 

Radwish Limited

(Registration number: 02590337)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Current assets

 

Cash at bank and in hand

 

54,130

55,043

Creditors: Amounts falling due within one year

6

(900)

(900)

Net assets

 

53,230

54,143

Capital and reserves

 

Called up share capital

7

134,002

134,002

Profit and loss account

(80,772)

(79,859)

Shareholders' funds

 

53,230

54,143

For the financial year ended 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006. The statement of comprehensive income and the director's report are not delivered to the Registrar of Companies in accordance with the special provisions applicable to companies subject to the small companies regime.

Approved and authorised for issue by the director on 27 June 2025
 

.........................................

K S Shah

Director

 

Radwish Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

1

General information

The company is a private company limited by share capital incorporated in England. The registered office is shown on page 1.

The principal place of business is:
Flat 3
Grace Court
Totteridge Green
London
N20 8PY
England

2

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A Small Entities and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except where otherwise disclosed in these accounting policies certain items are shown at fair value.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Investment in associates

Investments in associates are measured in the company's balance sheet at cost less any accumulated impairment. Any impairment is written off to profit or loss. An entity is treated as an associate where the company exercises significant influence in that it has the power to participate in the operating and financial policy decision.

Financial instruments

Financial liabilities and equity are classified according to the substance of the financial instrument's contractual obligations rather than its legal form.

The company's cash at bank and in hand and other creditors are measured initially at transaction price and subsequently at amortised cost using the effective interest method.

Investments in unlisted entities (financial asset) are carried in the balance sheet at cost less any accumulated impairment where their fair values are not reliably measurable. Otherwise they are carried at fair value with changes in fair value recognised in profit or loss. Any impairment in value is written off to profit or loss.

 

Radwish Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Cash at bank and in hand

This comprises cash at bank and in hand.

3

Employees and directors information

Including the director and company secretary, the company had 2 (2023 : 2) employees in the year. The director did not receive any remuneration from the company in the year (2023 : £Nil).

4

Taxation

The company did not incur any corporation tax charge for the current and previous years because it has excess management expenses.

5

Investments

Associates

£

Cost

At 1 October 2023 and 30 September 2024

135,375

Provision for impairment

At 1 October 2023 and 30 September 2024

135,375

Carrying amount

At 30 September 2024

-

At 30 September 2023

-

The investment in the associated company comprises a 28.9% holding of class 'B' shares in Derby Cement Ltd, a company incorporated in England and Wales. The company is in liquidation.

6

Creditors: amounts due within one year

2024
£

2023
£

Accruals

900

900

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

134,002

134,002

134,002

134,002

       
 

Radwish Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

8

Control

The company is controlled by Mrs L E Wray, who owns 88.81% of the issued ordinary share capital.