Company Registration No. 14171898 (England and Wales)
DIAMOND CORAL INVESTMENTS LIMITED
Unaudited accounts
for the period from 14 June 2022 to 30 June 2023
DIAMOND CORAL INVESTMENTS LIMITED
Unaudited accounts
Contents
DIAMOND CORAL INVESTMENTS LIMITED
Company Information
for the period from 14 June 2022 to 30 June 2023
Company Number
14171898 (England and Wales)
Registered Office
38 KNIGHTON DRIVE
LEICESTER
LE2 3HB
UNITED KINGDOM
Accountants
R D Dattani & Co
111 Fairfax Road
Leicester
Leicestershire
LE4 9EL
DIAMOND CORAL INVESTMENTS LIMITED
Statement of financial position
as at 30 June 2023
Cash at bank and in hand
6,849,650
Creditors: amounts falling due within one year
(280,670)
Net current assets
6,681,385
Total assets less current liabilities
7,091,385
Creditors: amounts falling due after more than one year
(5,990,000)
Called up share capital
100
Profit and loss account
241,385
Shareholders' funds
1,101,385
For the period ending 30 June 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 director acknowledges his 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 and authorised for issue on 14 March 2024 and were signed on its behalf by
Mr Rajan Savjani
Director
Company Registration No. 14171898
DIAMOND CORAL INVESTMENTS LIMITED
Notes to the Accounts
for the period from 14 June 2022 to 30 June 2023
DIAMOND CORAL INVESTMENTS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 14171898. The registered office is 38 KNIGHTON DRIVE, LEICESTER, LE2 3HB, UNITED KINGDOM.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
4
Investments
Subsidiary undertakings
Other investments
Total
Valuation at 14 June 2022
-
-
-
Additions
8,600,100
410,000
9,010,100
Disposals
(8,600,100)
-
(8,600,100)
Valuation at 30 June 2023
-
410,000
410,000
Amounts falling due within one year
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2023
Taxes and social security
29,920
DIAMOND CORAL INVESTMENTS LIMITED
Notes to the Accounts
for the period from 14 June 2022 to 30 June 2023
7
Creditors: amounts falling due after more than one year
2023
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
Shares issued during the period:
100 Ordinary shares of £1 each
100
9
Transactions with related parties
(1) During the period, Diamond Coral Investments Limited completed the purchase and sale of the wholly owned subsidiary Clearly Orthodontics Limited (Company Registration No. 09283620) and the purchase and dissolution of the wholly owned subsidiary Sapphire Coral Investments Limited (Company Registration No. 13493632).
(2) Included in other creditors is an unsecured loan note of £6,240,000 which formed part of the consideration for the purchase of Dr D Savjani's shareholding in Clearly Orthodontics Limited (Dr D Savjani being a former director of Diamond Coral Investments Limited).
Diamond Coral Investments Limited is wholly owned by The Deena Savjani 2022 family Trust.
11
Average number of employees
During the period the average number of employees was 1.