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REGISTERED NUMBER: SC288858 (Scotland)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

FOR

DHESI RETAIL LIMITED

DHESI RETAIL LIMITED (REGISTERED NUMBER: SC288858)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DHESI RETAIL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2021







DIRECTOR: Mrs A Dhesi





SECRETARY: Mrs A Dhesi





REGISTERED OFFICE: 6th Floor, Gordon Chambers
90 Mitchell Street
Glasgow
G1 3NQ





REGISTERED NUMBER: SC288858 (Scotland)





ACCOUNTANTS: Cornerstone Accountants
6th Floor
Gordon Chambers
90 Mitchell Street
Glasgow
Lanarkshire
G1 3NQ

DHESI RETAIL LIMITED (REGISTERED NUMBER: SC288858)

BALANCE SHEET
31 DECEMBER 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,765 4,429
Investment property 5 135,000 135,000
138,765 139,429

CURRENT ASSETS
Cash at bank 8 26

CREDITORS
Amounts falling due within one year 6 36,069 30,495
NET CURRENT LIABILITIES (36,061 ) (30,469 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

102,704

108,960

CREDITORS
Amounts falling due after more than one
year

7

55,584

64,570
NET ASSETS 47,120 44,390

CAPITAL AND RESERVES
Called up share capital 4 4
Other reserve 9 59,553 59,553
Retained earnings (12,437 ) (15,167 )
SHAREHOLDERS' FUNDS 47,120 44,390

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

DHESI RETAIL LIMITED (REGISTERED NUMBER: SC288858)

BALANCE SHEET - continued
31 DECEMBER 2021


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 director and authorised for issue on 18 August 2022 and were signed by:





Mrs A Dhesi - Director


DHESI RETAIL LIMITED (REGISTERED NUMBER: SC288858)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

1. STATUTORY INFORMATION

Dhesi Retail Limited is a private company, limited by shares , registered in Scotland. 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.

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 - 15% on a reducing balance basis

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. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2020 - 1 ) .

DHESI RETAIL LIMITED (REGISTERED NUMBER: SC288858)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST OR VALUATION
At 1 January 2021
and 31 December 2021 37,091
DEPRECIATION
At 1 January 2021 32,662
Charge for year 664
At 31 December 2021 33,326
NET BOOK VALUE
At 31 December 2021 3,765
At 31 December 2020 4,429

Cost or valuation at 31 December 2021 is represented by:

Fixtures
and
fittings
£   
Cost 37,091

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2021
and 31 December 2021 135,000
NET BOOK VALUE
At 31 December 2021 135,000
At 31 December 2020 135,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Bank loans and overdrafts 8,146 8,146
Taxation and social security 2,923 2,247
Other creditors 25,000 20,102
36,069 30,495

DHESI RETAIL LIMITED (REGISTERED NUMBER: SC288858)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2021 2020
£    £   
Bank loans 55,584 64,570

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 19,100 28,086

8. SECURED DEBTS

The following secured debts are included within creditors:

2021 2020
£    £   
Bank loans 63,730 72,716

(1) Standard security over land and buildings at 1863 - 1869 Maryhill Road, Glasgow

9. RESERVES
Other
reserve
£   
At 1 January 2021
and 31 December 2021 59,553