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REGISTERED NUMBER: 11066109 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2022

for

Deol'S Sons Ltd

Deol'S Sons Ltd (Registered number: 11066109)






Contents of the Financial Statements
for the Year Ended 30 November 2022




Page

Balance Sheet 1

Notes to the Financial Statements 3


Deol'S Sons Ltd (Registered number: 11066109)

Balance Sheet
30 November 2022

30.11.22 30.11.21
Notes £ £
Fixed assets
Tangible assets 4 971,722 821,722

Current assets
Debtors 5 84,848 42,677
Cash at bank 5,913 887
90,761 43,564
Creditors
Amounts falling due within one year 6 (236,394 ) (237,650 )
Net current liabilities (145,633 ) (194,086 )
Total assets less current liabilities 826,089 627,636

Creditors
Amounts falling due after more than
one year

7

(681,184

)

(630,481

)

Provisions for liabilities 9 (28,500 ) -
Net assets/(liabilities) 116,405 (2,845 )

Capital and reserves
Called up share capital 10 100 100
Retained earnings 11 116,305 (2,945 )
Shareholders' funds 116,405 (2,845 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Deol'S Sons Ltd (Registered number: 11066109)

Balance Sheet - continued
30 November 2022


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 16 November 2023 and were signed by:





Shahid Latif - Director


Deol'S Sons Ltd (Registered number: 11066109)

Notes to the Financial Statements
for the Year Ended 30 November 2022

1. Statutory information

Deol'S Sons Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 11066109

Registered office: Marshall House, Suite 21-25
124 Middleton Road
Morden
SM4 6RW

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.

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.

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.

Deol'S Sons Ltd (Registered number: 11066109)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2022

3. Employees and directors

The average number of employees during the year was NIL (2021 - 1 ).

4. Tangible fixed assets
Freehold
property
£
Cost
At 1 December 2021 821,722
Additions 150,000
At 30 November 2022 971,722
Net book value
At 30 November 2022 971,722
At 30 November 2021 821,722

5. Debtors: amounts falling due within one year
30.11.22 30.11.21
£ £
Other debtors 84,848 42,677

6. Creditors: amounts falling due within one year
30.11.22 30.11.21
£ £
Bank loans and overdrafts (see note 8)
30,500

35,000
Trade creditors 201,694 202,650
Other creditors 4,200 -
236,394 237,650

7. Creditors: amounts falling due after more than one year
30.11.22 30.11.21
£ £
Bank loans (see note 8) 681,184 630,481

8. Loans

An analysis of the maturity of loans is given below:

30.11.22 30.11.21
£ £
Amounts falling due within one year or on demand:
Bank loans < 1 year 30,500 35,000

Deol'S Sons Ltd (Registered number: 11066109)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2022

8. Loans - continued
30.11.22 30.11.21
£ £
Amounts falling due between one and two years:
Bank loans > 1 year 681,184 630,481

9. Provisions for liabilities
30.11.22 30.11.21
£ £
Deferred tax
Other timing differences 28,500 -

Deferred tax
£
Provided during year 28,500
Balance at 30 November 2022 28,500

10. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.22 30.11.21
value: £ £
100 Ordinary shares 1 100 100

11. Reserves
Retained
earnings
£

At 1 December 2021 (2,945 )
Deficit for the year (30,750 )
Rev addition 150,000
At 30 November 2022 116,305