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Registered Number: 08653474
England and Wales

 

 

 

DIMPLEX DEVELOPMENTS LTD


Abridged Accounts
 


Period of accounts

Start date: 01 April 2022

End date: 31 March 2023
Accountants report You consider that the company is exempt from an audit for the year ended 31 March 2023 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year. In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us. We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts. 



....................................................
Akhters Limited
64 Castle Boulevard
Nottingham
Nottinghamshire
NG7 1FN
29 March 2024
1
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 2,792,142    2,792,995 
2,792,142    2,792,995 
Current assets      
Debtors: amounts falling due after one year 285,000    285,000 
Creditors: amount falling due within one year (131,603)   (110,680)
Net current assets 153,397    174,320 
 
Total assets less current liabilities 2,945,539    2,967,315 
Creditors: amount falling due after more than one year (1,654,134)   (1,836,096)
Net assets 1,291,405    1,131,219 
 

Capital and reserves
     
Called up share capital 4 200    200 
Profit and loss account 1,291,205    1,131,019 
Shareholder's funds 1,291,405    1,131,219 
 


For the year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. 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.
These 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 profit and loss account has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 29 March 2024 and were signed on its behalf by:


-------------------------------
Mr Sagheer Akhter
Director
2
General Information
Dimplex Developments Ltd is a private company, limited by shares, registered in England and Wales, registration number 08653474, registration address 64 Castle Boulevard, Nottingham, Nottinghamshire, NG7 1FN.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
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)
Rents Received
Rent received comprises the value of services supplied by the company.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Fixtures and Fittings 18% Reducing Balance
Investment properties
Investment properties are included in the balance sheet at their open market value at the balance sheet date. The resulting aggregate surplus or deficit is transferred to a revaluation reserve. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years.
Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors compliance with the standard is necessary for the balance sheet to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.
2.

Average number of employees


Average number of employees during the year was 5 (2022 : 5).
3.

Tangible fixed assets

Cost or valuation Fixtures and Fittings   Investment properties   Total
  £   £   £
At 01 April 2022 17,660    2,788,256    2,805,916 
Additions    
Disposals    
At 31 March 2023 17,660    2,788,256    2,805,916 
Depreciation
At 01 April 2022 12,921      12,921 
Charge for year 853      853 
On disposals    
At 31 March 2023 13,774      13,774 
Net book values
Closing balance as at 31 March 2023 3,886    2,788,256    2,792,142 
Opening balance as at 01 April 2022 4,739    2,788,256    2,792,995 


4.

Share Capital

Allotted, called up and fully paid
2023
£
  2022
£
200 Ordinary shares of £1.00 each 200    200 
200    200 

5.

Related parties

During the year the company entered into the following transactions with related parties:
Transaction value - income/(expenses) Balance owed by/(owed to)
2023
£
 2022
£
 2023
£
 2022
£
Medina Ltd205,000 205,000 
Clifton View Ltd(200,000)(200,000)(74,158)(256,120)
Medina View Limited(417,000)(417,000)
Medina Nottingham Ltd80,000 80,000 

The directors Mr S Akhter, Mrs S Akhtar, Mr S Mahmood and Mrs S Snuber are also directors of Medina Ltd. At the balance sheet date, the company was owed an interest free loan from Medina Ltd, included within debtors due after more than one year.
The company has directors in common with Clifton View Ltd. The company charged rent of £200,000 (2022: £200,000) to Clifton View Ltd, on normal commercial terms. The year end balance is included within creditors due after more than year.
The directors Mr S Akhter, Mrs S Akhtar, Mr S Mahmood and Mrs S Snuber are also directors of Medina View Limited. At the balance sheet date, the company owed an interest free loan of £417,000 to Medina View Ltd, included within creditors due after more than year.
The directors and shareholders are also directors and shareholders of Medina Nottingham Ltd. At the balance sheet date, the company was owed an interest free loan from Medina Nottingham Ltd, included within debtors due after more than one year.
3