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Company Registration No. 05504181 (England and Wales)
Diversify Uk Limited Unaudited accounts for the year ended 31 July 2023
Diversify Uk Limited Unaudited accounts Contents
Page
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Diversify Uk Limited Company Information for the year ended 31 July 2023
Directors
A Agrawal J Agrawal
Secretary
J Agrawal
Company Number
05504181 (England and Wales)
Registered Office
86 Ditton Road Surbiton Surrey KT6 6RH England
Accountants
Sloane Winckless & Co Chartered Accountants 2-4 Stoneleigh Park Road Epsom Surrey KT19 0QT
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Diversify Uk Limited Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
287 
338 
Investment property
2,152,700 
2,152,700 
2,152,987 
2,153,038 
Current assets
Debtors
438,571 
424,417 
Cash at bank and in hand
59,857 
70,084 
498,428 
494,501 
Creditors: amounts falling due within one year
(21,539)
(25,601)
Net current assets
476,889 
468,900 
Total assets less current liabilities
2,629,876 
2,621,938 
Creditors: amounts falling due after more than one year
(1,736,082)
(1,736,082)
Provisions for liabilities
Deferred tax
(79,426)
(60,387)
Net assets
814,368 
825,469 
Capital and reserves
Called up share capital
2 
2 
Revaluation reserve
593,473 
612,521 
Profit and loss account
220,893 
212,946 
Shareholders' funds
814,368 
825,469 
For the year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 22 February 2024 and were signed on its behalf by
A Agrawal Director Company Registration No. 05504181
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Diversify Uk Limited Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
Diversify Uk Limited is a private company, limited by shares, registered in England and Wales, registration number 05504181. The registered office is 86 Ditton Road, Surbiton, Surrey, KT6 6RH, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Revenue recognition
Revenue is measured at the fair value of the consideration received or receivable. Revenue is reduced for estimated customer returns, rebates and other similar allowances.
Depreciation
Depreciation is calculated using the rates to reduce by annual instalments the cost of the tangible assets over their estimated useful lives as follows:-
Fixtures & fittings
15% per annum on a reducing balance basis
Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. The company's liability for current tax is calculated using tax rates that have been enacted.
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Diversify Uk Limited Notes to the Accounts for the year ended 31 July 2023
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 August 2022
3,180 
At 31 July 2023
3,180 
Depreciation
At 1 August 2022
2,842 
Charge for the year
51 
At 31 July 2023
2,893 
Net book value
At 31 July 2023
287 
At 31 July 2022
338 
5
Investment property
2023 
£ 
Fair value at 1 August 2022
2,152,700 
At 31 July 2023
2,152,700 
The directors estimate the valuations at 31st July 2023 as above at a cost of £1,479,856 (2022 - £1,479,856).
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
17,022 
2,868 
Other debtors
421,549 
421,549 
438,571 
424,417 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
2,812 
4,902 
Other creditors
17,127 
15,052 
Accruals
1,600 
5,647 
21,539 
25,601 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
908,698 
908,698 
Other creditors
827,384 
827,384 
1,736,082 
1,736,082 
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Diversify Uk Limited Notes to the Accounts for the year ended 31 July 2023
9
Transactions with related parties
Mr. A. Agrawal and Miss. J. Agrawal are the directors of the company and together own 100% of the issued share capital. At the balance sheet date, the company owed the following amounts to the directors and members of their family:- A Agrawal - £8,930 (2022 - £9,985) J Agrawal - £6,260 (2022 - £3,130) Family members - £827,384 (2022 - £827,384) Dividends were paid as follows:- A Agrawal - £2,000 (2022 - £2,000) J Agrawal - £2,000 (2022 - £2,000)
10
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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