Registered number
13527479
D K Halai Investments Limited
Filleted Accounts
31 March 2023
D K Halai Investments Limited
Registered number: 13527479
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 2,200,000 -
Current assets
Cash at bank and in hand 72,164 40
Creditors: amounts falling due within one year 4 (57,325) -
Net current assets 14,839 40
Net assets 2,214,839 40
Capital and reserves
Called up share capital 40 40
Profit and loss account 2,214,799 -
Shareholders' funds 2,214,839 40
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr K R Halai
Director
Approved by the board on 20 November 2023
D K Halai Investments Limited
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the rents received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from property management and development net of discounts and VAT.
Investment properties
Investment properties for which fair value can be measured reliably without undue cost or effort are measured at fair value at each reporting date with changes in fair value recognised in profit or loss. The methods and significant assumptions used to acertain the fair value at the balance sheet date and fair value movement included in the profit for the year are as follows:
Properties are valued using RICS open market valuation on freehold basis during the demerger process for which the required clearances were sought and granted.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Investment properties
Land and buildings
£
Cost
Additions 2,200,000
At 31 March 2023 2,200,000
Depreciation
At 31 March 2023 -
Net book value
At 31 March 2023 2,200,000
Investment properties with value of £2,200,000 were distributed to the company as part of a demerger.
4 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 13,152 -
Other creditors 44,173 -
57,325 -
5 Other information
D K Halai Investments Limited is a private company limited by shares and incorporated in England. Its registered office is:
110 Leighton Gardens
London
NW10 3PR
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