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REGISTERED NUMBER: 10097059 (England and Wales)











Financial Statements

for the Year Ended 31 March 2023

for

DALE CHAHAL LTD

DALE CHAHAL LTD (REGISTERED NUMBER: 10097059)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DALE CHAHAL LTD

Company Information
for the Year Ended 31 March 2023







DIRECTOR: Mrs M Chahal





REGISTERED OFFICE: 42 Lytton Road
Barnet
Hertfordshire
EN5 5BY





REGISTERED NUMBER: 10097059 (England and Wales)





ACCOUNTANTS: Jeff Lermer & Associates
Chartered Accountants
42 Lytton Road
Barnet
Hertfordshire
EN5 5BY

DALE CHAHAL LTD (REGISTERED NUMBER: 10097059)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 128
Investments 5 38,920 40,812
Investment property 6 709,817 323,103
748,737 364,043

CURRENT ASSETS
Debtors 7 78,899 80,214
Cash at bank 105,591 65,333
184,490 145,547
CREDITORS
Amounts falling due within one year 8 246,368 85,390
NET CURRENT (LIABILITIES)/ASSETS (61,878 ) 60,157
TOTAL ASSETS LESS CURRENT
LIABILITIES

686,859

424,200

CREDITORS
Amounts falling due after more than one year 9 (466,569 ) (232,499 )

PROVISIONS FOR LIABILITIES 11 (745 ) (1,104 )
NET ASSETS 219,545 190,597

CAPITAL AND RESERVES
Called up share capital 12 104 104
Fair value reserve 3,174 4,707
Retained earnings 216,267 185,786
SHAREHOLDERS' FUNDS 219,545 190,597

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

DALE CHAHAL LTD (REGISTERED NUMBER: 10097059)

Balance Sheet - continued
31 March 2023


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 9 November 2023 and were signed by:





Mrs M Chahal - Director


DALE CHAHAL LTD (REGISTERED NUMBER: 10097059)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Dale Chahal Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Computer equipment - 33% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. TANGIBLE FIXED ASSETS
Computer
equipmen
£   
COST
At 1 April 2022
and 31 March 2023 650
DEPRECIATION
At 1 April 2022 522
Charge for year 128
At 31 March 2023 650
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 128

DALE CHAHAL LTD (REGISTERED NUMBER: 10097059)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

5. FIXED ASSET INVESTMENTS
Other
investme
£   
COST OR VALUATION
At 1 April 2022 40,812
Revaluations (1,892 )
At 31 March 2023 38,920
NET BOOK VALUE
At 31 March 2023 38,920
At 31 March 2022 40,812

Cost or valuation at 31 March 2023 is represented by:

Other
investme
£   
Valuation in 2023 (1,892 )
Cost 40,812
38,920

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022 323,103
Additions 386,714
At 31 March 2023 709,817
NET BOOK VALUE
At 31 March 2023 709,817
At 31 March 2022 323,103

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Other debtors 78,700 80,214
Prepayments and accrued income 199 -
78,899 80,214

DALE CHAHAL LTD (REGISTERED NUMBER: 10097059)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Other creditors 9,360 -
Directors' current accounts 237,008 85,390
246,368 85,390

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans (see note 10) 466,569 232,499

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 466,569 232,499

10. LOANS

An analysis of the maturity of loans is given below:

31.3.23 31.3.22
£    £   
Amounts falling due in more than five years:
Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 466,569 232,499

11. PROVISIONS FOR LIABILITIES
31.3.23 31.3.22
£    £   
Deferred tax 745 1,104

Deferred
tax
£   
Balance at 1 April 2022 1,104
Provided during year (359 )
Balance at 31 March 2023 745

DALE CHAHAL LTD (REGISTERED NUMBER: 10097059)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
100 A Class Ordinary £1 100 100
1 B Class Ordinary £1 1 1
1 C Class Ordinary £1 1 1
1 D Class Ordinary £1 1 1
1 E Class Ordinary £1 1 1
104 104

13. RELATED PARTY DISCLOSURES

As at the balance sheet date, included in creditors due within one year is £237,008 (2022: £85,390), due and payable to the director. The amount is interest free and repayable on demand.