| Rahaan International Limited |
| Notes to the Accounts |
| for the year ended 31 December 2025 |
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| 1 |
Accounting policies |
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Basis of preparation |
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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). |
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Turnover |
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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. |
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Tangible fixed assets |
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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 and buildings, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life. |
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Investments |
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Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account. |
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Stocks |
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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. |
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Debtors |
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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. |
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Creditors |
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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. |
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Taxation |
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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. |
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Foreign currency translation |
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Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss. |
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| 2 |
Employees |
2025 |
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2024 |
| Number |
Number |
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Average number of persons employed by the company |
2 |
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2 |
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| 3 |
Tangible fixed assets |
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Land and buildings |
| £ |
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Cost |
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At 1 January 2025 |
5,391,267 |
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Disposals |
(26,366) |
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At 31 December 2025 |
5,364,901 |
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Depreciation |
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At 31 December 2025 |
- |
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Net book value |
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At 31 December 2025 |
5,364,901 |
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At 31 December 2024 |
5,391,267 |
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The freehold land and buildings are held for long term investment purposes and generates rental income for the company. As such the director feels it would be inappropriate to depreciate it as it is always kept in a state of good repair. |
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Land and buildings consist of purpose built student accomodation amounting to £2,040,445. The remaining carrying value of land and buildings consist of residential investment properties. |
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| 4 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
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Trade debtors |
2,492,968 |
|
2,726,813 |
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Other debtors |
- |
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139,106 |
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2,492,968 |
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2,865,919 |
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Amounts due after more than one year included above |
- |
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139,106 |
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| 5 |
Investments held as current assets |
2025 |
|
2024 |
| £ |
£ |
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Fair value |
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Unlisted investments |
343,400 |
|
333,400 |
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| 6 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
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Trade creditors |
6,276,821 |
|
7,067,156 |
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Taxation and social security costs |
10,256 |
|
7,659 |
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Director's account |
480,587 |
|
40,000 |
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Accruals |
3,403 |
|
327 |
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6,771,067 |
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7,115,142 |
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| 7 |
Related party transactions |
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At the reporting date, the company owed £480,587 (2024: £40,000) to S. Nahar who is the sole director of the company. The loan is unsecured and interest free but repayable on demand. |
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Also at that date, £0 (2024: 139,106) was owed to the company by D. Nahar who is a close family member of the director. The loan is unsecured and interest free until 21st August 2026, thereafter attracting an interest rate of 8% per annum on any outstanding balance. |
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During the year sales of £3,602,888 (2024: £2,929,574) was made to J. E. Marlow & Sons Limited, a company registered in the UK and in which S. Nahar is a director and shareholder. All transactions were carried out on commercial terms and at arms length. At the reporting date the company was owed £2,492,967 (2024: £2,728,096) from J. E. Marlow & Sons Limited. |
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During the year the company also made sales of £0 (2024: £0) to and bought goods totalling £3,499,442 (2024: £2,890,381) from Eran Diamonds (UK) Limited, a company registered in the UK and in which S. Nahar is a director and shareholder. All transactions were carried out on commercial terms and at arms length. At the reporting date the company owed £6,276,821 (2024: £7,068,844) to Eran Diamonds (UK) Limited. |
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| 8 |
Controlling party |
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The company is controlled by S. Nahar and Mrs I.Nahar |
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| 9 |
Other information |
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Rahaan International Limited is a private company limited by shares and incorporated in England. Its registered office is: |
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1st Floor |
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46 Warstone Lane |
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Hickley |
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Birmingham |
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B18 6JJ |