The Raghuvanshi Association - Accounts to registrar (filleted)

REGISTERED NUMBER: 02055369

Unaudited Financial Statements for the Year Ended 31 January 2025

for

The Raghuvanshi Association

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

N D Chotai

A M Jobanputra

H Ruparelia

H D Thakker

Miss M Hemraj

SECRETARY:

H Ruparelia

REGISTERED OFFICE:

Compton House

20b Selsdon Road

South Croydon

Surrey

CR2 6PA

REGISTERED NUMBER:

02055369

ACCOUNTANTS:

PHS Accountants Ltd

105a Albemarle Road

Beckenham

Kent

BR3 5HS

FIXED ASSETS

Tangible assets

4

1,237,689

1,250,938

CURRENT ASSETS

Debtors

5

140

-

Cash at bank

31,152

11,008

31,292

11,008

CREDITORS

Amounts falling due within one year

6

41,300

145,742

NET CURRENT LIABILITIES

(10,008

)

(134,734

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,227,681

1,116,204

CREDITORS

Amounts falling due after more than one
year

7

155,575

50,000

NET ASSETS

1,072,106

1,066,204

RESERVES

Retained earnings

1,072,106

1,066,204

1,072,106

1,066,204

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 November 2025 and were signed on its behalf by:

Miss M Hemraj - Director

H D Thakker - Director

1.	STATUTORY INFORMATION

The Raghuvanshi Association is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

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

Tangible fixed assets

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

Plant and machinery etc

-

20% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 1 February 2024

1,227,708

73,760

1,301,468

Additions

-

2,003

At 31 January 2025

1,227,708

75,763

1,303,471

DEPRECIATION

At 1 February 2024

-

50,530

Charge for year

-

15,252

At 31 January 2025

-

65,782

NET BOOK VALUE

At 31 January 2025

1,227,708

9,981

1,237,689

At 31 January 2024

1,227,708

23,230

1,250,938

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

Other debtors

140

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

Other creditors

41,300

145,742

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

Other creditors is the secured loan advanced by G P Ganatra Charitable Trust of £50,000 (2024: £50,000). The loan is a 10 year loan repayable with accrued interest on 21 April 2031, or such other date as agreed between the parties.

Interest of £3,187 at the rate of 4.5% per annum has been accrued in the accounts in accordance with the agreement.