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REGISTERED NUMBER: 10816560 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

FOR

ODHAVJI INVESTMENTS LTD

ODHAVJI INVESTMENTS LTD (REGISTERED NUMBER: 10816560)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ODHAVJI INVESTMENTS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTOR: S J Pala





REGISTERED OFFICE: 3B Coronet Parade
Ealing Road
Wembley
Middlesex
HA0 4AY





REGISTERED NUMBER: 10816560 (England and Wales)





ACCOUNTANTS: Macalvins Limited
Chartered Accountants
7 St John's Road
Harrow
Middlesex
HA1 2EY

ODHAVJI INVESTMENTS LTD (REGISTERED NUMBER: 10816560)

BALANCE SHEET
30 JUNE 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,400,000 1,357,301

CURRENT ASSETS
Debtors 5 - 10,000
Cash at bank 147,483 115,292
147,483 125,292
CREDITORS
Amounts falling due within one year 6 293,117 306,889
NET CURRENT LIABILITIES (145,634 ) (181,597 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,254,366

1,175,704

CREDITORS
Amounts falling due after more than one year 7 (1,000,000 ) (1,000,000 )

PROVISIONS FOR LIABILITIES (8,113 ) -
NET ASSETS 246,253 175,704

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 8 34,586 -
Retained earnings 211,567 175,604
246,253 175,704

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 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.

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 12 March 2024 and were signed by:





S J Pala - Director


ODHAVJI INVESTMENTS LTD (REGISTERED NUMBER: 10816560)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1. STATUTORY INFORMATION

Odhavji Investments 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2022 1,357,301
Revaluations 42,699
At 30 June 2023 1,400,000
NET BOOK VALUE
At 30 June 2023 1,400,000
At 30 June 2022 1,357,301

The fair value of the investment property has been arrived at on the basis of a valuation carried out at 30 June 2023 by the director. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

ODHAVJI INVESTMENTS LTD (REGISTERED NUMBER: 10816560)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

4. INVESTMENT PROPERTY - continued

Fair value at 30 June 2023 is represented by:
£   
Valuation in 2023 42,699
Cost 1,357,301
1,400,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 10,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Corporation Tax payable 8,896 8,780
Director's current account 267,647 281,782
Accruals and deferred income 14,125 14,125
Accrued expenses 2,449 2,202
293,117 306,889

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Shareholders Loan Account 1,000,000 1,000,000

8. RESERVES
Fair
value
reserve
£   
Profit & Loss Account 34,586

At 30 June 2023 34,586

9. RELATED PARTY DISCLOSURES

At the balance sheet date the company owed the director of the company, £1,267,647 (2022: £1,281,782). This is an interest free loan repayable on demand.