REGISTERED NUMBER: 00231473 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025

FOR

ANGELO RHODES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Ms G Singh

Mr S Keswani

REGISTERED OFFICE:

22-25 Portman Close

Courtaulds

London

W1H 6BS

REGISTERED NUMBER:

00231473 (England and Wales)

FIXED ASSETS

Tangible assets

4

-

1,057

Investments

5

2,680,265

1,608,835

Investment property

6

-

800,000

2,680,265

2,409,892

CURRENT ASSETS

Debtors

7

-

1,453

Investments

8

20,603

20,603

Cash at bank

23,724

7,302

44,327

29,358

CREDITORS

Amounts falling due within one year

9

135,343

13,247

NET CURRENT (LIABILITIES)/ASSETS

(91,016

)

16,111

TOTAL ASSETS LESS CURRENT LIABILITIES

2,589,249

2,426,003

PROVISIONS FOR LIABILITIES

-

214,000

NET ASSETS

2,589,249

2,212,003

CAPITAL AND RESERVES

Called up share capital

10

50,000

50,000

Fair value reserve

287,726

827,179

Retained earnings

2,251,523

1,334,824

SHAREHOLDERS' FUNDS

2,589,249

2,212,003

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 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.

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 8th July 2025 and were signed on its behalf by:

Ms G Singh - Director

1.	STATUTORY INFORMATION

Angelo Rhodes 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 as modified by the revaluation of certain assets.

Going concern

The Directors are of the view that the Company has sufficient net assets and bank balances in order to meet its liabilities as and when they fall due and continue as a going concern.

For this reason, the directors believe that it remains appropriate to prepare the financial statements on a going concern basis.The financial statements do not include any adjustments that would result from the basis of preparation being inappropriate.

Tangible fixed assets

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

Plant and machinery etc

-

10% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments

Fixed asset investments comprise gold bonds which are stated at fair value. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st April 2024

4,773

Disposals

(4,773

)

At 31st March 2025

-

DEPRECIATION

At 1st April 2024

3,716

Charge for year

106

Eliminated on disposal

(3,822

)

At 31st March 2025

-

NET BOOK VALUE

At 31st March 2025

-

At 31st March 2024

1,057

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1st April 2024

1,608,835

Additions

750,000

Revaluations

382,650

Exchange differences

(61,220

)

At 31st March 2025

2,680,265

NET BOOK VALUE

At 31st March 2025

2,680,265

At 31st March 2024

1,608,835

Cost or valuation at 31st March 2025 is represented by:

Other

investments

£

Valuation in 2018

(121,244

)

Valuation in 2019

70,637

Valuation in 2020

164,316

Valuation in 2021

(39,736

)

Valuation in 2022

134,057

Valuation in 2023

56,519

Valuation in 2024

121,111

Valuation in 2025

321,430

Cost

1,973,175

2,680,265

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st April 2024

800,000

Disposals

(800,000

)

At 31st March 2025

-

NET BOOK VALUE

At 31st March 2025

-

At 31st March 2024

800,000

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

-

1,453

8.	CURRENT ASSET INVESTMENTS

2025

2024

£

£

Lloyds Bank - Term Deposit

20,603

20,603

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Taxation and social security

125,343

-

Other creditors

10,000

13,247

135,343

13,247

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

50,000

ordinary

£1

50,000

50,000

11.	ULTIMATE CONTROLLING PARTY

The ultimate parent company was Times for India Org (incorporated in India) until 27-03-2025 . As of 28-03-2025, the ultimate parent company is Fourth Estate Limited. The registered office address of the ultimate parent is Basement, Express Building, 9-10, Bahadur Shah Zafar Marg, New Delhi, 110002, India.