REGISTERED NUMBER: 03136897 (England and Wales)

RAJ & KNOLL LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs A N Patel

Mr N G Patel

SECRETARY:

Mrs A N Patel

REGISTERED OFFICE:

68 Liverpool Road

Walmer

Deal

Kent

CT14 7LP

REGISTERED NUMBER:

03136897 (England and Wales)

ACCOUNTANTS:

Spurling Cannon

Chartered Certified Accountants

424 Margate Road

Westwood

Ramsgate

Kent

CT12 6SJ

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

1,011,392

1,160,275

Investment property

6

500,000

500,000

1,511,392

1,660,275

CURRENT ASSETS

Debtors

7

10,211,997

9,297,975

Cash at bank

7,966,050

6,815,503

18,178,047

16,113,478

CREDITORS

Amounts falling due within one year

8

(481,754

)

(771,943

)

NET CURRENT ASSETS

17,696,293

15,341,535

TOTAL ASSETS LESS CURRENT LIABILITIES

19,207,685

17,001,810

PROVISIONS FOR LIABILITIES

(2,947

)

(11,604

)

NET ASSETS

19,204,738

16,990,206

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

19,204,638

16,990,106

SHAREHOLDERS' FUNDS

19,204,738

16,990,206

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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 22 September 2025 and were signed on its behalf by:

Mrs A N Patel - Director

Mr N G Patel - Director

1.	STATUTORY INFORMATION

Raj & Knoll 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.

Turnover

Turnover represents invoiced services provided and includes irrecoverable value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of ten years.

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.

Tangible fixed assets

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

Freehold property

-

4% on cost

Fixture & Fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% 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.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 49 (2024 - 49 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

90,000

AMORTISATION

At 1 April 2024

and 31 March 2025

90,000

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Freehold

Fixture &

Motor

Computer

property

Fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

3,577,346

454,091

49,745

12,123

4,093,305

Additions

-

10,248

-

1,863

12,111

At 31 March 2025

3,577,346

464,339

49,745

13,986

4,105,416

DEPRECIATION

At 1 April 2024

2,507,208

387,715

28,759

9,348

2,933,030

Charge for year

143,094

11,494

5,246

1,160

160,994

At 31 March 2025

2,650,302

399,209

34,005

10,508

3,094,024

NET BOOK VALUE

At 31 March 2025

927,044

65,130

15,740

3,478

1,011,392

At 31 March 2024

1,070,138

66,376

20,986

2,775

1,160,275

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

500,000

NET BOOK VALUE

At 31 March 2025

500,000

At 31 March 2024

500,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 2014

793,363

Valuation in 2015

(200,000

)

Valuation in 2023

(93,363

)

500,000

7.

DEBTORS

2025

2024

£

£

Amounts falling due within one year:

Trade debtors

231,419

383,127

Sundry debtors

600

105,600

Loans to employees

5,000

-

Prepayments and accrued income

121,093

114,324

358,112

603,051

Amounts falling due after more than one year:

NPS (Deal) Limited

9,853,885

8,694,924

Aggregate amounts

10,211,997

9,297,975

Amounts falling due after more than one year, include the following sums owed by undertakings in which the company has participating interest:

A Loan to NPS (Deal) Limited in the sum of £9,853,885 (2024: £8,694,924). NPS Deal Limited is owned by Miss N and Mr P Patel, the children of Mr N and Mrs A Patel. The loan is unsecured, interest free and repayable with 12 months notice from Raj & Knoll Limited.

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

5,870

2,820

Corporation Tax

270,954

587,604

Social security and other taxes

30,628

31,347

Sundry creditors

76,328

83,489

Directors' current accounts

60,139

52,499

Accruals and deferred income

37,835

14,184

481,754

771,943

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Related party transactions

At the balance sheet date the amount due to Mr N G Patel and Mrs A N Patel was £60,139 (2024: £52,499)

10.	CONTROLLING PARTY

The company is controlled by the directors who own 100% of the called up share capital.