Rishi Shah Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 10370269

Rishi Shah Ltd

Unaudited financial statements

31 March 2025

Rishi Shah Ltd

Statement of financial position

31 March 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Tangible assets	5	163,935	173,282
Investments	6	214,108	113,008
		---------	---------
		378,043	286,290

Current assets

Debtors	7	2,540,133	2,351,807
Cash at bank and in hand		48,788	188,965
		-----------	-----------
		2,588,921	2,540,772

Creditors: Amounts falling due within one year	8	( 195,283)		( 263,014)
		-----------		-----------
Net current assets			2,393,638		2,277,758
			-----------		-----------
Total assets less current liabilities			2,771,681		2,564,048

Creditors: Amounts falling due after more than one year	9		( 613,044)		( 616,597)

Provisions

Taxation including deferred tax	( 21,383)	( 8,585)
	-----------	-----------
Net assets	2,137,254	1,938,866
	-----------	-----------

Capital and reserves

Called up share capital	100	100
Profit and loss account	2,137,154	1,938,766
	-----------	-----------
Shareholders funds	2,137,254	1,938,866
	-----------	-----------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- 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 Act with respect to accounting records and the preparation of financial statements .

Rishi Shah Ltd

Statement of financial position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 23 December 2025 , and are signed on behalf of the board by:

Dr R Shah
Director

Company registration number: 10370269

Rishi Shah Ltd

Notes to the financial statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Sixty Six, North Quay, Great Yarmouth, Norfolk, NR30 1HE, England. The company's places of business is Kings Road Dental Practice, 22 Kings Road, Berkhamsted, Hertfordshire, HP4 3BD.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

No significant judgements, estimations and uncertainties have arisen in the preparation of the financial statements.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered.

Income tax

Provision is made, under the liability method, to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or accelerated is accounted for in respect of all material timing differences.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Motor vehicles	-	15% reducing balance
Equipment	-	15% reducing balance

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.

4. Employee numbers

The average number of employees during the year was 1 (2024: 1 ).

5. Tangible assets

	Investment property	Motor vehicles	Equipment	Total
	£	£	£	£
Cost
At 1 April 2024	138,941	–	56,651	195,592
Additions	31,161	55,238	7,933	94,332
Disposals	( 91,700)	–	–	( 91,700)
	---------	-------	-------	---------
At 31 March 2025	78,402	55,238	64,584	198,224
	---------	-------	-------	---------
Depreciation
At 1 April 2024	–	–	22,310	22,310
Charge for the year	–	6,214	5,765	11,979
	---------	-------	-------	---------
At 31 March 2025	–	6,214	28,075	34,289
	---------	-------	-------	---------
Carrying amount
At 31 March 2025	78,402	49,024	36,509	163,935
	---------	-------	-------	---------
At 31 March 2024	138,941	–	34,341	173,282
	---------	-------	-------	---------

6. Investments

	Other investments other than loans
	£
Cost
At 1 April 2024	113,008
Additions	101,100
	---------
At 31 March 2025	214,108
	---------
Impairment
At 1 April 2024 and 31 March 2025	–
	---------

Carrying amount
At 31 March 2025	214,108
	---------
At 31 March 2024	113,008
	---------

7. Debtors

	2025	2024
	£	£
Amounts owed by group undertakings and undertakings in which the company has a participating interest	2,533,249	2,342,749
Other debtors	6,884	9,058
	-----------	-----------
	2,540,133	2,351,807
	-----------	-----------

8. Creditors: Amounts falling due within one year

	2025	2024
	£	£
Bank loans	30,228	23,525
Trade creditors	–	3,324
Social security and other taxes	108,453	163,272
Other creditors	56,602	72,893
	---------	---------
	195,283	263,014
	---------	---------

The bank loans are secured on the assets concerned.

9. Creditors: Amounts falling due after more than one year

	2025	2024
	£	£
Bank loans	579,975	616,597
Other creditors	33,069	–
	---------	---------
	613,044	616,597
	---------	---------

Included within creditors: amounts falling due after more than one year is an amount of £Nil (2024: £308,299) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.

The bank loans are secured on the assets concerned.

10. Related party transactions

Rishi Holdings Ltd is a related party due to the fact that Dr R Shah is also a shareholder and director of this company. The company has a balance payable to Rishi Shah Ltd of £2,259,056 (2024: £2,161,556). KRDP property Ltd is a related party due to the fact that Dr R Shah is also a director of this company. The company has a balance payable to Rishi Shah Ltd of £128,875 (2024: £62,875). Pocket Dentist Limited is a related party due to the fact that Dr R Shah is also a shareholder and director of this company. The company has a balance payable to Rishi Shah Ltd of £145,320 (2024: £120,318).