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

The member has 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 Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

Hi-Ji Limited is a private company limited by shares incorporated in England and Wales. The registered office is 6 Ritherdon Road, London, SW17 8QD.

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements have been prepared under the historical cost convention.

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of ten years.

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

Tangible fixed assets are stated at valuation, less accumulated depreciation and impairment losses. Assets are revalued periodically to ensure that the carrying amount does not differ materially from fair value at the balance sheet date.

Revaluation surpluses are recognised in other comprehensive income and accumulated in the revaluation reserve, except to the extent that they reverse previously recognised deficits. Revaluation deficits are recognised in the profit and loss account except where they offset existing surpluses on the same asset.

Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the valuation, less estimated residual value, over their expected useful lives.

Investments in subsidiary undertakings are stated at cost less impairment. The carrying values of fixed asset investments are reviewed for impairment when events or changes in circumstances indicate that the carrying value may not be recoverable. Where the recoverable amount of an investment is less than its carrying amount, an impairment loss is recognised in the profit and loss account.

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

The tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

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.

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

The average monthly number of persons (including directors) employed by the company during the year was:

Land and buildings with a carrying amount of £1,260,000 (2024 £632,000) were revalued by the director on the basis of market value. The revaluation amount of plant and machinery is Nil (2024 Nil).

Tangible fixed assets are carried at valuation. If the assets were measured using the cost model, the carrying amounts would be as follows: Land and buildings £650,000 (2024 £650,000), Plant and machinery £171,628 (2024 £170,028)

The director valued the company's investments in its subsidiaries at the year end and impairment losses have been made accordingly.

Unity Trust Bank holds fixed and floating charges over the company's assets.

The following are the major deferred tax liabilities and assets recognised by the company:

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

At the year end the director owed the company £88,046 (2024 Nil)

The director Bhavesh Patel is the ultimate controlling party by virtue of having ownership of 100% of the issued

ordinary share capital in the company.