REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2022 |
FOR |
D & V ENTERPRISES LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2022 |
FOR |
D & V ENTERPRISES LIMITED |
D & V ENTERPRISES LIMITED (REGISTERED NUMBER: 03318895) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST MARCH 2022 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
D & V ENTERPRISES LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31ST MARCH 2022 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
D & V ENTERPRISES LIMITED (REGISTERED NUMBER: 03318895) |
BALANCE SHEET |
31ST MARCH 2022 |
2022 | 2021 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year | 7 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 8 |
Retained earnings | 9 |
SHAREHOLDERS' FUNDS |
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. |
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 |
D & V ENTERPRISES LIMITED (REGISTERED NUMBER: 03318895) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST MARCH 2022 |
1. | STATUTORY INFORMATION |
D&V Enterprises Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 03318895 and registered office address is 52 Dagmar Avenue, Wembley, Middlesex, HA9 8DF. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at 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. |
Fixed asset investments |
Investments are measured initially at cost and at subsequent reporting dates at fair value and derecognised at trade date where a purchase or sale is under a contract whose terms require delivery within the time-frame of the relevant market. For listed investments this is deemed to be bid market prices or closing prices. |
When it is not possible to measure the fair value of investments reliably, these investments are shown at cost less impairment. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2021 - NIL). |
D & V ENTERPRISES LIMITED (REGISTERED NUMBER: 03318895) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31ST MARCH 2022 |
4. | FIXED ASSET INVESTMENTS |
Shares in |
group | Other |
undertakings | investments | Totals |
£ | £ | £ |
COST OR VALUATION |
At 1st April 2021 | 263,889 |
Additions | 19,897 |
Revaluations | 54,873 |
Cash introduced | - | 33,347 | 33,347 |
Fees | ( |
) | (67 | ) |
At 31st March 2022 | 371,939 |
NET BOOK VALUE |
At 31st March 2022 | 371,939 |
At 31st March 2021 | 263,889 |
Cost or valuation at 31st March 2022 is represented by: |
Shares in |
group | Other |
undertakings | investments | Totals |
£ | £ | £ |
Valuation in 2013 | - | 908 | 908 |
Valuation in 2014 | - | 452 | 452 |
Valuation in 2015 | - | 500 | 500 |
Valuation in 2016 | - | 528 | 528 |
Valuation in 2017 | - | 609 | 609 |
Valuation in 2018 | - | 688 | 688 |
Valuation in 2019 | - | 7,116 | 7,116 |
Valuation in 2020 | (658,880 | ) | (10,123 | ) | (669,003 | ) |
Valuation in 2021 | 33,744 | 7,500 | 41,244 |
Valuation in 2022 | 48,080 | 9,970 | 58,050 |
Cost | 748,417 | 182,430 | 930,847 |
171,361 | 200,578 | 371,939 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2022 | 2021 |
£ | £ |
Amounts owed by group undertakings |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2022 | 2021 |
£ | £ |
Other creditors |
D & V ENTERPRISES LIMITED (REGISTERED NUMBER: 03318895) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31ST MARCH 2022 |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2022 | 2021 |
£ | £ |
Other creditors |
8. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2022 | 2021 |
value: | £ | £ |
Ordinary | 1 | 2 | 2 |
9. | RESERVES |
Retained |
earnings |
£ |
At 1st April 2021 |
Profit for the year |
At 31st March 2022 |
10. | RELATED PARTY DISCLOSURES |
The director has given an interest free loan to the D&V Enterprises Ltd (the Company) and the amount payable at the year-end was £146,453. |
A shareholder of the company has given an interest free loan to the Company and the amount payable at the year-end was £245,000. |
The Company has given an interest free loan to Devraj Ltd, which is 50% owned by the Company, and the amount receivable at the year-end was £20,000. |
11. | ULTIMATE CONTROLLING PARTY |
The company was controlled throughout the current and previous period by its director, Ms Seema Mehta and her close family members. |