Rajan Investments (Uk) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03128827 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2017

FOR

RAJAN INVESTMENTS (UK) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr P S Randhawa

Mr S S Sagoo

Mr P S Sagoo

SECRETARY:

Mrs T K Randhawa

REGISTERED OFFICE:

88a Old Oak Common Lane

Acton

London

W3 7DA

REGISTERED NUMBER:

03128827 (England and Wales)

ACCOUNTANTS:

Param & Company Ltd

1st Floor

44-50 The Broadway

Southall

Middlesex

UB1 1QB

FIXED ASSETS

Tangible assets

3

1

1

Investments

4

5,000

5,000

Investment property

5

3,700,000

7,068,563

3,705,001

7,073,564

CURRENT ASSETS

Debtors

6

5,343,145

7,568,384

Cash at bank

30,275

48,213

5,373,420

7,616,597

CREDITORS

Amounts falling due within one year

7

737,574

2,165,089

NET CURRENT ASSETS

4,635,846

5,451,508

TOTAL ASSETS LESS CURRENT LIABILITIES

8,340,847

12,525,072

CREDITORS

Amounts falling due after more than one year

8

(2,300,000

)

(5,281,025

)

PROVISIONS FOR LIABILITIES

(220,785

)

-

NET ASSETS

5,820,062

7,244,047

CAPITAL AND RESERVES

Called up share capital

3,131,727

1,160,000

Revaluation reserve

9

-

2,963,942

Retained earnings

2,688,335

3,120,105

5,820,062

7,244,047

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 29 August 2018 and were signed on its behalf by:

Mr P S Randhawa - Director

1.	STATUTORY INFORMATION

Rajan Investments (Uk) 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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 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.

Fixtures and fittings

-

20% on cost

INVESTMENTS IN SUBSIDIARIES

Investments in subsidiary undertakings are recognised at cost.

INVESTMENT PROPERTY

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in

fair value is recognised in profit or loss.

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.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 December 2016

and 30 November 2017

18,883

DEPRECIATION

At 1 December 2016

and 30 November 2017

18,882

NET BOOK VALUE

At 30 November 2017

1

At 30 November 2016

1

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 December 2016

and 30 November 2017

5,000

NET BOOK VALUE

At 30 November 2017

5,000

At 30 November 2016

5,000

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 December 2016

7,068,563

Revaluations

1,080,001

Transfer to ownership

(4,448,564

)

At 30 November 2017

3,700,000

NET BOOK VALUE

At 30 November 2017

3,700,000

At 30 November 2016

7,068,563

Fair value at 30 November 2017 is represented by:

£

Valuation in 2004

1,199,867

Valuation in 2005

(60,000

)

Valuation in 2007

(245,585

)

Valuation in 2011

90,488

Valuation in 2017

1,080,001

Cost

1,635,229

3,700,000

6.

DEBTORS

2017

2016

£

£

Amounts falling due within one year:

Amounts owed by group undertakings

108,477

-

Amounts owed by associates

-

163,879

Other debtors

1,382,969

2,924,207

1,491,446

3,088,086

Amounts falling due after more than one year:

Amounts owed by group undertakings

3,760,253

4,480,298

Amounts owed by associates

91,446

-

3,851,699

4,480,298

Aggregate amounts

5,343,145

7,568,384

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Bank loans and overdrafts

-

490,000

Amounts owed to group undertakings

669,547

1,448,860

Taxation and social security

46,888

211,309

Other creditors

21,139

14,920

737,574

2,165,089

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Bank loans

2,300,000

5,281,025

9.

RESERVES

Revaluation

reserve

£

At 1 December 2016

2,963,942

Transfer revaluation reserve

(2,963,942

)

At 30 November 2017

-