R D CONSULTING AND EDUCATION LIMITED


Directors	Dr R Dharmadhikari
	Dr D Dharmadhikari


Registered Address	123 Kenton Road
	Newcastle Upon Tyne
	NE3 4NN


Registered Number	07614925 (England and Wales)

Notes to the Financial Statements
for the year ended 31 March 2026

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Basis of preparation
	The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. The company changed its reporting period from 30 April 2024 to 31 March 2024 and therefore the results of the current period represent a 12-month period. The comparative period is for an 11-month period.

Basis of preparation

The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The company changed its reporting period from 30 April 2024 to 31 March 2024 and therefore the results of the current period represent a 12-month period. The comparative period is for an 11-month period.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Judgements and key sources of estimation uncertainty
	In applying the company's accounting policies, the directors are required to make judgements, estimates and assumptions in determining the carrying amounts of assets and liabilities. The directors' judgements, estimates and assumptions are based on the best and most reliable evidence available at the time when the decisions are made, and are based on historical experience and other factors that are considered to be applicable. Due to the inherent subjectivity involved in making such judgements, estimates and assumptions, the actual results and outcomes may differ. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised, if the revision affects only that period, or in the period of the revision and future periods, if the revision affects both current and future periods.

Judgements and key sources of estimation uncertainty

In applying the company's accounting policies, the directors are required to make judgements, estimates and assumptions in determining the carrying amounts of assets and liabilities. The directors' judgements, estimates and assumptions are based on the best and most reliable evidence available at the time when the decisions are made, and are based on historical experience and other factors that are considered to be applicable.

Due to the inherent subjectivity involved in making such judgements, estimates and assumptions, the actual results and outcomes may differ. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised, if the revision affects only that period, or in the period of the revision and future periods, if the revision affects both current and future periods.

	Turnover policy
	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 the rendering of services. 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.

Turnover policy

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 the rendering of services.

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.

	Foreign currency translation
	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 the Income Statement

Foreign currency translation

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 the Income Statement

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Deferred tax
	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.

Deferred tax

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.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement Depreciation is provided on all tangible fixed assets as follows: Included within land and buildings is investment property which is depreciated at nil rate.

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost or valuation less depreciation. 

The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement

Depreciation is provided on all tangible fixed assets as follows:

Included within land and buildings is investment property which is depreciated at nil rate.

	Investments
	Listed investments are measured at fair value where the difference between cost and fair value is material. 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 Income Statement.

	Investment property
	Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate. These values are adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Income Statement.

	Financial instruments
	The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

2.	Average number of employees


		2026		2025
	Average number of employees during the year	0		0

3.	Tangible fixed assets

	Land & buildings	Fixtures & fittings	Office Equipment	Total
	£	£	£	£
Cost or valuation
At 01 April 25	2,257,358	34,277	4,774	2,296,409
Additions	58,798	-	-	58,798
Disposals	(151,821)	-	-	(151,821)
At 31 March 26	2,164,335	34,277	4,774	2,203,386
Depreciation and impairment
At 01 April 25	-	12,177	4,331	16,508
Charge for year	-	4,792	152	4,944
At 31 March 26	-	16,969	4,483	21,452
Net book value
At 31 March 26	2,164,335	17,308	291	2,181,934
At 31 March 25	2,257,358	22,100	443	2,279,901


	The investment properties were valued by the directors on an open market value for existing use basis on 31 March 2026 and are included in the balance sheet at this value.

4.	Fixed asset investments

	Other investments¹	Total
	£	£
Cost or valuation
At 01 April 25	260,031	260,031
Additions	139,326	139,326
Disposals	(53,100)	(53,100)
At 31 March 26	346,257	346,257
Net book value
At 31 March 26	346,257	346,257
At 31 March 25	260,031	260,031

	Notes
	¹Other investments other than loans

5.	Debtors: amounts due within one year

	2026	2025
	£	£
Other debtors	10,619	36,395
Total	10,619	36,395


	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. Included in debtors is an amount of £0 (2024: £26,326) which was a convertible loan that was repaid in May 2025. Interest had been accruing on this loan at a rate of 5%.

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.

Included in debtors is an amount of £0 (2024: £26,326) which was a convertible loan that was repaid in May 2025. Interest had been accruing on this loan at a rate of 5%.

6.	Creditors: amounts due within one year

	2026	2025
	£	£
Trade creditors / trade payables	1,400	900
Bank borrowings and overdrafts	10,643	40,209
Taxation and social security	32,142	54,787
Other creditors	537,583	502,583
Accrued liabilities and deferred income	61,560	3,732
Total	643,328	602,211


	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.

7.	Creditors: amounts due after one year

	2026	2025
	£	£
Bank borrowings and overdrafts	123,298	306,371
Total	123,298	306,371

8.	Secured creditors
	As at 31 March 2026, 10 fixed charges were held over the company, securing the company's current and future liabilities to the bank. The aggregate amount of debts covered totalled £129,159 which is comprised of the current and non-current bank loan liabilities. This is due to mortgage finance, used for the purchase of the investment properties.

9.	Provisions for liabilities

	2026	2025
	£	£
Net deferred tax liability (asset)	38,382	345
Total	38,382	345

10.	Directors advances, credits and guarantees

	Brought forward	Amount advanced	Amount repaid	Carried forward
	£	£	£	£
Dr R Dharmadhikari	193	51	0	244
	193	51	0	244


	Other debtors includes £244. The loan is interest free and repayable on demand.

	Notes	2026		2025
		£	£	£	£
Fixed assets
Tangible assets	3		2,181,934		2,279,901
Investments	4		346,257		260,031
			2,528,191		2,539,932
Current assets
Debtors	5	10,619		36,395
Cash at bank and on hand		90,580		29,350
		101,199		65,745
Creditors amounts falling due within one year	6	(643,328)		(602,211)
Net current assets (liabilities)			(542,129)		(536,466)
Total assets less current liabilities			1,986,062		2,003,466
Creditors amounts falling due after one year	7		(123,298)		(306,371)
Provisions for liabilities	9		(38,382)		(345)
Net assets			1,824,382		1,696,750
Capital and reserves
Called up share capital			100		100
Profit and loss account			1,824,282		1,696,650
Shareholders' funds			1,824,382		1,696,750