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REGISTERED NUMBER: 12738937 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Demira Holdings Limited

Demira Holdings Limited (Registered number: 12738937)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Demira Holdings Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: P Bhargava
Mrs A Bhargava





REGISTERED OFFICE: Modhas Accountsnta
Carinya
Tudor Road
Barnet
Hertfordshire
EN5 5NL





REGISTERED NUMBER: 12738937 (England and Wales)





ACCOUNTANTS: Modhas Accountants
Carinya
Tudor Road
Barnet
Hertfordshire
EN5 5NL

Demira Holdings Limited (Registered number: 12738937)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 42,282 1,856
Investment property 5 861,425 838,957
903,707 840,813

CURRENT ASSETS
Debtors 6 56,690 63,390
Cash at bank 3,573 10,503
60,263 73,893
CREDITORS
Amounts falling due within one year 7 910,556 889,548
NET CURRENT LIABILITIES (850,293 ) (815,655 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

53,414

25,158

PROVISIONS FOR LIABILITIES 8,034 353
NET ASSETS 45,380 24,805

CAPITAL AND RESERVES
Called up share capital 8 8
Retained earnings 45,372 24,797
45,380 24,805

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Demira Holdings Limited (Registered number: 12738937)

Balance Sheet - continued
31 March 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 July 2024 and were signed on its behalf by:




P Bhargava - Director



Mrs A Bhargava - Director


Demira Holdings Limited (Registered number: 12738937)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Demira Holdings Limited 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.

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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

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.

Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure.

No depreciation is provided in respect of investment property applying the fair value model.

Investment property fair value is determined by the directors based on their understanding of property market conditions and the specific property.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 (2023 - 2 ) .

Demira Holdings Limited (Registered number: 12738937)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 2,924
Additions 54,520
At 31 March 2024 57,444
DEPRECIATION
At 1 April 2023 1,068
Charge for year 14,094
At 31 March 2024 15,162
NET BOOK VALUE
At 31 March 2024 42,282
At 31 March 2023 1,856

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 838,957
Additions 68,482
Disposals (46,014 )
At 31 March 2024 861,425
NET BOOK VALUE
At 31 March 2024 861,425
At 31 March 2023 838,957

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 56,690 63,390

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 1,630 1,475
Taxation and social security - 10,347
Other creditors 908,926 877,726
910,556 889,548