Company Registration No. 11255785 (England and Wales)
Dulai's Properties Limited
Unaudited accounts
for the year ended 31 March 2024
Dulai's Properties Limited
Unaudited accounts
Contents
Dulai's Properties Limited
Company Information
for the year ended 31 March 2024
Directors
Gurmit Dulai
Kamaljit Dulai
Company Number
11255785 (England and Wales)
Registered Office
April Wood, Odiham Road
Winchfield
Hook
Hampshire
RG27 8BU
Accountants
Black & White Chartered Certified Accountants
2-3 Stable Court
Herriard Park
Herriard
Hampshire
RG25 2PL
Dulai's Properties Limited
Statement of financial position
as at 31 March 2024
Investment property
295,636
295,636
Cash at bank and in hand
25,559
33,227
Creditors: amounts falling due within one year
(213,700)
(311,204)
Net current liabilities
(188,141)
(277,977)
Total assets less current liabilities
107,495
17,659
Creditors: amounts falling due after more than one year
(83,769)
-
Called up share capital
200
200
Profit and loss account
23,526
17,459
Shareholders' funds
23,726
17,659
For the year ending 31 March 2024 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 directors acknowledge their 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 of Directors and authorised for issue on 18 September 2024 and were signed on its behalf by
Kamaljit Dulai
Director
Company Registration No. 11255785
Dulai's Properties Limited
Notes to the Accounts
for the year ended 31 March 2024
Dulai's Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 11255785. The registered office is April Wood, Odiham Road, Winchfield, Hook, Hampshire, RG27 8BU.
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 year, 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.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Basic debt instruments are recognised at amortised cost using the effective interest method.
Turnover is in respect on rental income and recognised at the fair value of the consideration received or receivable, and is shown net of VAT and other sales related taxes.
Fair value at 1 April 2023
295,636
Investment property is initially measured at cost, including transaction costs. The property will be remeasured at fair value, which is the price that would be received to sell the property.
5
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
17,934
109,598
Taxes and social security
1,423
1,999
Loans from directors
192,166
192,193
Dulai's Properties Limited
Notes to the Accounts
for the year ended 31 March 2024
6
Creditors: amounts falling due after more than one year
2024
2023
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).