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(1) General Information
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| The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is 266 High Rd, Harrow, HA3 7BB. |
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(2) Statement of compliance
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| These individual financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A and Companies Act 2006, as applicable to companies subject to the small companies' regime. |
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(3) Significant Accounting Policies
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Basis of Preparation
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| The financial statements have been prepared on the historical cost basis and in accordance with the Companies Act 2006. The presentation and functional currency of the company is pounds sterling. The financial statements are presented in pound units (£) unless stated otherwise. |
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Rental income
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| Rental income from operating leases are recognised on a straight-line basis over the term of the relevant lease. Rental Income is included within other income from fixed assets. |
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Property, plant and equipment
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Property, plant and equipment is stated at cost less accumulated depreciation and impairment losses. Part of an item of property, plant and equipment having different useful lives are accounted for as separate items.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives, using the straight-line method. The estimated useful lives, residual values and depreciation method are reviewed at the end of each reporting period, with the effect of any changes in estimate accounted for on a prospective basis. Long lease hold assets depreciated over 15 years as per lease agreement. | | Asset class and depreciation rate | | Land and Buildings | | | Plant and Machinery | | | Short Leasehold Properties | | | Investment Properties | | | Long Leasehold Properties | | | Commercial Vehicles | | | Fixtures and Fittings | 25% reducing balance | | Equipment | | | Motor Cars | |
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Inventories
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| Inventories are measured at the lower of cost and net realisable value. Costs of inventories are determined on a first-in-first-out basis. Net realisable value represents the estimated selling price for inventories less all estimated costs necessary to make the sale. |
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Taxation
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| Taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period. |
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Current Tax
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| The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit before tax as reported in the income statement because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. |
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Deferred Tax
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A deferred tax asset or liability is recognised for tax recoverable or payable in future periods in respect of transactions and events recognised in the financial statements of current and previous periods.
Deferred tax arises from timing differences that are differences between taxable profits and total comprehensive income as stated in the financial statements. Timing differences result from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the financial statements.
Deferred tax is recognised on all timing differences at the reporting date apart from certain exceptions. Unrelieved tax losses and other deferred tax assets are only recognised 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 liabilities and assets are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. |
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(4) Employees
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| During the year, the average number of employees including director was 0 (2024 : 0). |
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(5) Related party transactions
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| Other creditors include an unsecured loan from Ravenscroft Healthcare Ltd. of £825,090 (2024: £1,510,149). Raja Challuri and Sachin Parab are joint directors and Shareholders of Ravenscroft Healthcare Ltd. |
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(6) Fixed assets
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| Tangible
£ | Investments
Property
£ | Totals
£ | | Cost | | | | | As at 01 April 2024 | 6,511 | 2,320,738 | 2,327,249 | | Additions | 74,779 | - | 74,779 | | Disposals | - | (290,000) | (290,000) | | Revaluation | - | 200,000 | 200,000 | | As at 31 March 2025 | 81,290 | 2,230,738 | 2,312,028 | | Depreciation/Amortisation | | | | | As at 01 April 2024 | 3,494 | - | 3,494 | | For the year | 5,739 | - | 5,739 | | As at 31 March 2025 | 9,233 | - | 9,233 | | Net book value | | | | | As at 31 March 2025 | 72,057 | 2,230,738 | 2,302,795 | | As at 31 March 2024 | 3,017 | 2,320,738 | 2,323,755 |
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(7) Investment Properties
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| These financial statements for the year ended 31 March 2025 are the financial statements of the company prepared in accordance with FRS 102 1A "The Financial Reporting Standard applicable in the UK and Republic of Ireland". The property is being measured at a fair value under FRS 102 1a and there is a fair value gain of £200,000 during the year, and accounted deferred tax provision of £50,000 upon it. |
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(8) Creditors > 1 year (Mortgage Loans)
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| The mortgage loans are secured on the property held by the company. |
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