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Registration number: 07800922

Dilara Capital Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 October 2023

 

Dilara Capital Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 11

 

Dilara Capital Ltd

Company Information

Directors

Mr MPF Nardini

Mrs HJ Burford

Registered office

35 Tranquil Vale
London
SE3 0BU

 

Dilara Capital Ltd

(Registration number: 07800922)
Balance Sheet as at 31 October 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

20,912

26,425

Investments

5

-

1

Other financial assets

6

15

15

 

20,927

26,441

Current assets

 

Stocks

7

114,643

14,571

Debtors

8

173,652

162,653

Cash at bank and in hand

 

5,683

16,076

 

293,978

193,300

Creditors: Amounts falling due within one year

9

(195,952)

(80,862)

Net current assets

 

98,026

112,438

Total assets less current liabilities

 

118,953

138,879

Creditors: Amounts falling due after more than one year

9

(15,750)

(24,750)

Provisions for liabilities

(333)

(581)

Net assets

 

102,870

113,548

Capital and reserves

 

Called up share capital

100

100

Retained earnings

102,770

113,448

Shareholders' funds

 

102,870

113,548

 

Dilara Capital Ltd

(Registration number: 07800922)
Balance Sheet as at 31 October 2023 (continued)

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

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 27 July 2024 and signed on its behalf by:
 

.........................................
Mr MPF Nardini
Director

.........................................
Mrs HJ Burford
Director

 
     
 

Dilara Capital Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
35 Tranquil Vale
London
SE3 0BU
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Dilara Capital Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023 (continued)

2

Accounting policies (continued)

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Furniture and fittings

25% reducing balance

Office equipment

25% reducing balance

Motor vehicles

25% reducing balance

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Dilara Capital Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023 (continued)

2

Accounting policies (continued)

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Dilara Capital Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023 (continued)

2

Accounting policies (continued)

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

 

Dilara Capital Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023 (continued)

4

Tangible assets

Fixtures and fittings
£

Office equipment
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 November 2022

950

3,391

28,500

32,841

Additions

1,230

-

-

1,230

At 31 October 2023

2,180

3,391

28,500

34,071

Depreciation

At 1 November 2022

798

2,055

3,563

6,416

Charge for the year

179

330

6,234

6,743

At 31 October 2023

977

2,385

9,797

13,159

Carrying amount

At 31 October 2023

1,203

1,006

18,703

20,912

At 31 October 2022

152

1,336

24,937

26,425

 

Dilara Capital Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023 (continued)

5

Investments

2023
£

2022
£

Investments in associates

-

1

Associates

£

Cost

At 1 November 2022

1

Disposals

(1)

At 31 October 2023

-

Provision

Carrying amount

At 31 October 2023

-

At 31 October 2022

1

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

2023

2022

Associates

Vanbrugh Capital Ltd

8 Kidbrooke Grove,
London
SE3 0PG

Ordinary £1 shares

50%

50%

Associates

Vanbrugh Capital Ltd

The principal activity of Vanbrugh Capital Ltd is is buying and selling of own real estate. The Company was disolved 21st Novemeber 2023..

 

Dilara Capital Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023 (continued)

6

Other financial assets (current and non-current)

Financial assets at cost less impairment
£

Total
£

Non-current financial assets

Cost or valuation

At 1 November 2022

15

15

At 31 October 2023

15

15

Impairment

Carrying amount

At 31 October 2023

15

15

7

Stocks

2023
£

2022
£

Work in progress

31,965

-

Other inventories

82,678

14,571

114,643

14,571

8

Debtors

Current

2023
£

2022
£

Trade debtors

7,800

-

Other debtors

165,852

162,653

 

173,652

162,653

 

Dilara Capital Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023 (continued)

9

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

10

92,726

68,949

Trade creditors

 

90

-

Taxation and social security

 

-

6,513

Accruals and deferred income

 

3,150

3,000

Other creditors

 

99,986

2,400

 

195,952

80,862

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

10

15,750

24,750

10

Loans and borrowings

Non-current loans and borrowings

2023
£

2022
£

Bank borrowings

15,750

24,750

Current loans and borrowings

2023
£

2022
£

Bank borrowings

9,000

9,750

Bank overdrafts

-

2,395

Directors current account

83,726

56,804

92,726

68,949