Registered number
01164526
G H Daryani & Co. Limited
Unaudited Filleted Accounts
31 March 2024
G H Daryani & Co. Limited
Registered number: 01164526
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,013,736 1,722,435
Investments 4 942,973 432,768
1,956,709 2,155,203
Current assets
Debtors 5 868,603 510,236
Cash at bank and in hand 363,114 82,555
1,231,717 592,791
Creditors: amounts falling due within one year 6 (190,857) (79,168)
Net current assets 1,040,860 513,623
Total assets less current liabilities 2,997,569 2,668,826
Creditors: amounts falling due after more than one year 7 (918,459) (729,067)
Provisions for liabilities (1,000) (56,000)
Net assets 2,078,110 1,883,759
Capital and reserves
Called up share capital 75,000 75,000
Revaluation reserve 9 29,404 857,825
Profit and loss account 1,973,706 950,934
Shareholders' funds 2,078,110 1,883,759
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
R Daryani
Director
Approved by the board on 10 August 2024
G H Daryani & Co. Limited
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
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).
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings not depreciated as investment properties
Plant and machinery over 5 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 April 2023 1,722,434 5,275 1,727,709
Additions 491,301 - 491,301
At 31 March 2024 2,213,735 5,275 2,219,010
Depreciation
At 1 April 2023 - 5,274 5,274
On disposals 1,200,000 - 1,200,000
At 31 March 2024 1,200,000 5,274 1,205,274
Net book value
At 31 March 2024 1,013,735 1 1,013,736
At 31 March 2023 1,722,434 1 1,722,435
Freehold land and buildings: 2024 2023
£ £
Historical cost 999,879 808,609
Cumulative depreciation based on historical cost - -
999,879 808,609
Freehold properties were revalued in year ended 31 March 2019. In January 2023, based on surveyor opinion, the carrying value of £1,013,735 is in order.
4 Investments
Other
investments
£
Cost
At 1 April 2023 432,768
Additions 510,205
At 31 March 2024 942,973
5 Debtors 2024 2023
£ £
Trade debtors 850,603 501,048
Other debtors 18,000 9,188
868,603 510,236
Amounts due after more than one year included above 500,000 500,000
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans 44,590 32,973
Taxation and social security costs 138,143 18,229
Other creditors 8,124 27,966
190,857 79,168
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 481,638 356,896
Other creditors 436,821 372,171
918,459 729,067
8 Loans 2024 2023
£ £
Creditors include:
Amounts payable otherwise than by instalment falling due for payment after more than five years - 372,171
Instalments falling due for payment after more than five years 287,420 303,011
287,420 675,182
Secured bank loans 510,365 367,006
Bank loans are secured over fixed charge on the company freehold properties.
9 Revaluation reserve 2024 2023
£ £
At 1 April 2023 857,825 857,825
Loss on revaluation of land and buildings (883,421) -
Deferred taxation arising on the revaluation of land and buildings 55,000 -
At 31 March 2024 29,404 857,825
10 Controlling party
The company is controlled by R Daryani.
11 Other information
G H Daryani & Co. Limited is a private company limited by shares and incorporated in England. Its registered office is:
Amba House
15 College Road
Harrow
Middlesex
HA1 1BA
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