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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
Page
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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
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Dulai's Properties Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
295,636 
295,636 
Current assets
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)
- 
Net assets
23,726 
17,659 
Capital and reserves
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
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Dulai's Properties Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment property
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.
Financial instruments
Basic debt instruments are recognised at amortised cost using the effective interest method.
Turnover
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.
4
Investment property
2024 
£ 
Fair value at 1 April 2023
295,636 
At 31 March 2024
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 
VAT
785 
1,089 
Taxes and social security
1,423 
1,999 
Loans from directors
192,166 
192,193 
Accruals
1,392 
1,325 
Deferred income
- 
5,000 
213,700 
311,204 
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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 
£ 
£ 
Bank loans
83,769 
- 
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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