RAJIV LIMAYE LIMITED - Filleted accounts

Registered number

06786932

RAJIV LIMAYE LIMITED

Filleted Accounts

31 January 2025

RAJIV LIMAYE LIMITED
Registered number:		06786932
Balance Sheet
as at 31 January 2025

Notes			2025			2024
£				£
Fixed assets
Intangible assets	3		2,169			2,169
Tangible assets	4		1,766			2,208
Investments	5		572,595			869,793
			576,530			874,170

Current assets
Stocks		10,921			9,511
Debtors	6	25,990			34,860
Cash at bank and in hand		42,196			71,813
		79,107			116,184

Creditors: amounts falling due within one year	7	(100,296)			(51,310)

Net current (liabilities)/assets			(21,189)			64,874

Total assets less current liabilities			555,341			939,044

Creditors: amounts falling due after more than one year	8		(185,446)			(515,136)



Net assets			369,895			423,908

Capital and reserves
Called up share capital			100			100
Profit and loss account			369,795			423,808

Shareholders' funds			369,895			423,908

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr.Rajiv Vasant Limaye
Director
Approved by the board on 30 September 2025

RAJIV LIMAYE LIMITED
Notes to the Accounts
for the year ended 31 January 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:



	Plant and machinery			20% Reducing basis


	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					5		5


3	Intangible fixed assets							£
	Goodwill:

	Cost
	At 1 February 2024							2,169
	At 31 January 2025							2,169

	Amortisation
	At 31 January 2025							-

	Net book value
	At 31 January 2025							2,169
	At 31 January 2024							2,169




4	Tangible fixed assets
								Plant and machinery etc
£
	Cost
	At 1 February 2024							16,741
	At 31 January 2025							16,741

	Depreciation
	At 1 February 2024							14,533
	Charge for the year							442
	At 31 January 2025							14,975

	Net book value
	At 31 January 2025							1,766
	At 31 January 2024							2,208


5	Investments

Other
investments
£
	Cost
	At 1 February 2024							869,793
	Additions							157,500
	Disposals							(454,698)

	At 31 January 2025							572,595


6	Debtors					2025		2024
£							£

	Trade debtors					17,978		3,655
	Other debtors					8,012		31,205
						25,990		34,860


7	Creditors: amounts falling due within one year					2025		2024
£							£

	Bank loans and overdrafts					71,752		23,480
	Trade creditors					1,423		2,252
	Taxation and social security costs					20,059		24,905
	Other creditors					7,062		673
						100,296		51,310


8	Creditors: amounts falling due after one year					2025		2024
£							£

	Bank loans					185,446		515,136


9	Loans					2025		2024
£							£
	Creditors include:
	Instalments falling due for payment after more than five years					465,568		465,568


	Secured bank loans					557,869		557,869

	[The bank loans Covered both fixed and Floating Charge]


10	Loans to directors
	Description and conditions	B/fwd	Paid		Repaid		C/fwd
£			£		£		£
	Mr Rajiv Vasant Limaye
	[Interest Free Loan]	30,393		36,810		(64,419)		2,784

		30,393		36,810		(64,419)		2,784


11	Controlling party

	The director has overall control of the company by virtue of majority shareholding.


12	Other information

	RAJIV LIMAYE LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
	Social Economy House
	Victoria Street
	West Bromwich
	West Midlands
	B70 8ET