ACCOUNTS - Final Accounts

VIRAJ LIMITED - Company Information

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Registered number: 08494542

VIRAJ LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2021

VIRAJ LIMITED

REGISTERED NUMBER: 08494542

BALANCE SHEET

AS AT 31 MARCH 2021

		2021		2020
Note		£		£

Fixed assets
Investments	4		224,976		114,563
Current assets
Debtors: amounts falling due within one year	5	462		450
Cash at bank and in hand	6	102,978		3,964
		103,440		4,414
Creditors: amounts falling due within one year	7	(1,140)		(7,326)
Net current assets/(liabilities)			102,300		(2,912)
Total assets less current liabilities			327,276		111,651

Net assets			327,276		111,651

Capital and reserves
Called up share capital	8	100	100
Profit and loss account		327,176	111,551
		327,276	111,651

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VIRAJ LIMITED

REGISTERED NUMBER: 08494542

BALANCE SHEET (CONTINUED)

AS AT 31 MARCH 2021

The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 11 November 2021.

V R Patel

Director

The notes on pages 3 to 5 form part of these financial statements.

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VIRAJ LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

1.	General information

Viraj Limited is a private company limited by shares and incorporated in England and Wales. The address of the registered office is Garland House, 117 Anerley Road, Anerley, London, SE20 8AJ. The principal activity of the company during the year was the holding and management of investments.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention 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 following principal accounting policies have been applied:

2.2

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in participating interests are stated at the amount of the company's capital contribution and balance on current account, less any provision for impairment.

2.3

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.4

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.5

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.6

Financial instruments

The company only 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.

Employees

The average monthly number of employees, including the director, during the year was 1 (2020 - 1).

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VIRAJ LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

4.	Fixed asset investments

	Investments in subsidiary companies	Investments in participating interests	Total
	£	£	£
Cost or valuation
At 1 April 2020	4,210	110,353	114,563
Additions	-	110,413	110,413
At 31 March 2021	4,210	220,766	224,976

Net book value
At 31 March 2021	4,210	220,766	224,976
At 31 March 2020	4,210	110,353	114,563

Subsidiary undertaking
The following was a subsidiary undertaking of the company:
Name	Class of shares	Holding

R.J. Properties Limited

Ordinary

63.79%

	Participating interests
	The investment represents capital contributions and current account balances in Jashraj LLP, a partnership in which the company is a corporate member and is entitled to a profit share.

Debtors

					2021	2020
					£	£


Prepayments	462	450

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VIRAJ LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

6.	Cash and cash equivalents
		2021	2020
		£	£

	Cash at bank and in hand	102,978	3,964

7.	Creditors: Amounts falling due within one year
		2021	2020
		£	£

Other creditors	-	6,186
Accruals and deferred income	1,140	1,140
	1,140	7,326

8.	Share capital
		2021	2020
		£	£

Allotted, called up and fully paid

10,000 Ordinary shares of £0.01 each	100	100

9.	Related party transactions
	Included within other creditors is an amount of £Nil (2020 - £6,186) owed to the director.

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