Remas & Sons Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 04629188 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

REMAS & SONS LIMITED

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

Mr M A Sharma

Mrs R Sharma

SECRETARY:

Mrs R Sharma

REGISTERED OFFICE:

505 Pinner Road

Harrow

Middlesex

HA2 6EH

REGISTERED NUMBER:

04629188 (England and Wales)

ACCOUNTANTS:

STGCA LLP t/a Sterling

Chartered Accountants

505 Pinner Road

Harrow

Middlesex

HA2 6EH

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Remas & Sons Limited for the year ended 31 March 2025 which comprise the Profit and Loss Account, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Remas & Sons Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Remas & Sons Limited and state those matters that we have agreed to state to the Board of Directors of Remas & Sons Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Remas & Sons Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Remas & Sons Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Remas & Sons Limited. You consider that Remas & Sons Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Remas & Sons Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

STGCA LLP t/a Sterling

Chartered Accountants

505 Pinner Road

Harrow

Middlesex

HA2 6EH

24 November 2025

FIXED ASSETS

Intangible assets

4

1

17,751

Tangible assets

5

2,550,004

2,140,403

Investment property

6

1,050,000

3,600,005

3,208,154

CURRENT ASSETS

Stocks

90,000

Debtors

7

1,762,069

2,004,564

Investments

8

301,500

Cash at bank and in hand

1,789,490

1,698,435

3,943,059

4,094,499

CREDITORS

Amounts falling due within one year

9

405,748

635,599

NET CURRENT ASSETS

3,537,311

3,458,900

TOTAL ASSETS LESS CURRENT
LIABILITIES

7,137,316

6,667,054

PROVISIONS FOR LIABILITIES

84,257

9,430

NET ASSETS

7,053,059

6,657,624

CAPITAL AND RESERVES

Called up share capital

4

Fair value reserve

10

94,157

Retained earnings

6,958,898

6,563,463

SHAREHOLDERS' FUNDS

7,053,059

6,657,624

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 November 2025 and were signed on its behalf by:

Mr M A Sharma - Director

1.	STATUTORY INFORMATION

Remas & Sons Limited is a private company, limited by shares , registered in England and Wales. 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 as modified by the revaluation of certain assets.

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Revenue from the sale of pharmaceutical and cosmetics products is recognised once the goods have been delivered and the risks and rewards have passed to the customer.

Goodwill

Goodwill is written off in equal instalments over its estimated useful economic life.

Tangible fixed assets

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

Freehold property

-

Straight line over 25 to 50 years

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on cost

Computer equipment

-

Straight line over 3 years

Investment property

Investment properties are properties which are held either to earn rental income or for capital appreciation or for both. Investment properties are recognised initially at cost.

Subsequent to initial recognition:

i. investment properties whose fair value can be measured reliably without undue cost or effort are held at fair value. Any gains or losses arising from changes in the fair value are recognised in profit or loss in the period that they arise.

Stocks

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2024 - 20 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

907,809

AMORTISATION

At 1 April 2024

890,058

Amortisation for year

17,750

At 31 March 2025

907,808

NET BOOK VALUE

At 31 March 2025

1

At 31 March 2024

17,751

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

Motor

Computer

property

fittings

vehicles

equipment

Totals

£

COST

At 1 April 2024

2,389,494

44,836

134,571

8,738

2,577,639

Additions

172,830

356,174

9,300

-

538,304

At 31 March 2025

2,562,324

401,010

143,871

8,738

3,115,943

DEPRECIATION

At 1 April 2024

330,502

43,384

54,612

8,738

437,236

Charge for year

45,788

48,723

34,192

-

128,703

At 31 March 2025

376,290

92,107

88,804

8,738

565,939

NET BOOK VALUE

At 31 March 2025

2,186,034

308,903

55,067

-

2,550,004

At 31 March 2024

2,058,992

1,452

79,959

-

2,140,403

Freehold property includes an amount of £777,230 for land which is not depreciated.

6.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 1 April 2024

and 31 March 2025

1,050,000

NET BOOK VALUE

At 31 March 2025

1,050,000

At 31 March 2024

1,050,000

Cost or valuation at 31 March 2025 is represented by:

£

Valuation in 2023

46,699

Cost

1,003,301

1,050,000

The investment property has been revalued by the directors from his knowledge of the property market and some guidance from the local property agent.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Amounts owed by connected companies

1,154,250

1,179,250

Other debtors

607,819

825,314

1,762,069

2,004,564

8.	CURRENT ASSET INVESTMENTS

2025

2024

£

Unlisted investments

301,500

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade creditors

336,135

565,981

Taxation and social security

33,330

51,312

Other creditors

36,283

18,306

405,748

635,599

10.

RESERVES

Fair

value

reserve

£

At 1 April 2024

and 31 March 2025

94,157

11.	RELATED PARTY DISCLOSURES

Included within other debtors is an amount due of £370,564 (2024: £511,058) from one of the company's shareholders, Mr Sahil Sharma. Interest is payable on the balance at a rate of 2.25% per annum.