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REGISTERED NUMBER: 03318895 (England and Wales)















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: Mr D.V. Mehta
Miss Seema Mehta





SECRETARY: D.D. Mehta





REGISTERED OFFICE: 52 Dagmar Avenue
Wembley
Middlesex
HA9 8DF





REGISTERED NUMBER: 03318895 (England and Wales)






D & V ENTERPRISES LIMITED (REGISTERED NUMBER: 03318895)

BALANCE SHEET
31ST MARCH 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Investments 4 371,939 263,889

CURRENT ASSETS
Debtors 5 20,000 20,000
Cash at bank 488,958 525,166
508,958 545,166
CREDITORS
Amounts falling due within one year 6 246,500 246,250
NET CURRENT ASSETS 262,458 298,916
TOTAL ASSETS LESS CURRENT LIABILITIES 634,397 562,805

CREDITORS
Amounts falling due after more than one year 7 146,453 146,453
NET ASSETS 487,944 416,352

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 9 487,942 416,350
SHAREHOLDERS' FUNDS 487,944 416,352

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2022 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30th August 2022 and were signed on its behalf by:





Mr D.V. Mehta - Director


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
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.

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 123,281 140,608 263,889
Additions - 19,897 19,897
Revaluations 48,080 6,793 54,873
Cash introduced - 33,347 33,347
Fees - (67 ) (67 )
At 31st March 2022 171,361 200,578 371,939
NET BOOK VALUE
At 31st March 2022 171,361 200,578 371,939
At 31st March 2021 123,281 140,608 263,889

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 20,000 20,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Other creditors 246,500 246,250

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 146,453 146,453

8. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
2 Ordinary 1 2 2

9. RESERVES
Retained
earnings
£   

At 1st April 2021 416,350
Profit for the year 71,592
At 31st March 2022 487,942

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.