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REGISTERED NUMBER: 04189711 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

DELL GRANT INVESTMENTS LIMITED

DELL GRANT INVESTMENTS LIMITED (REGISTERED NUMBER: 04189711)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


DELL GRANT INVESTMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: A K Verma





REGISTERED OFFICE: c/o William Evans & Partners
20 Harcourt Street
London
W1H 4HG





REGISTERED NUMBER: 04189711 (England and Wales)





ACCOUNTANTS: William Evans & Partners
20 Harcourt Street
London
W1H 4HG

DELL GRANT INVESTMENTS LIMITED (REGISTERED NUMBER: 04189711)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 670,995 670,995

CURRENT ASSETS
Debtors 5 3,343 1,059
Cash at bank 18,541 113,914
21,884 114,973
CREDITORS
Amounts falling due within one year 6 102,691 204,385
NET CURRENT LIABILITIES (80,807 ) (89,412 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

590,188

581,583

PROVISIONS FOR LIABILITIES 49,775 49,775
NET ASSETS 540,413 531,808

CAPITAL AND RESERVES
Called up share capital 8 36,000 36,000
Retained earnings 9 504,413 495,808
SHAREHOLDERS' FUNDS 540,413 531,808

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 director acknowledges his 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 3 October 2024 and were signed by:




A K Verma - Director


DELL GRANT INVESTMENTS LIMITED (REGISTERED NUMBER: 04189711)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Dell Grant Investments 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Turnover
Turnover represents rent receivable and recharges to tenants.

Investment properties
Investment properties for which fair value can be measured reliably without undue cost or effort are measured at fair value at each reporting date with changes in fair value recognized in profit and loss account.

The method and significant assumptions used to ascertain the fair value at the balance sheet date and fair value movement included in the profit for the year are as follows:

Properties are valued by the director in consultation with estate agents Property Bank.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 2 (2023 - 2 ) .

DELL GRANT INVESTMENTS LIMITED (REGISTERED NUMBER: 04189711)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 670,995
NET BOOK VALUE
At 31 March 2024 670,995
At 31 March 2023 670,995

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2015 194,470
Valuation in 2017 223,562
Valuation in 2018 (39,005 )
Valuation in 2019 (80,995 )
Valuation in 2020 18,990
Valuation in 2021 (75,047 )
Valuation in 2023 20,000
Cost 409,020
670,995

Investment properties were valued on an open market basis on 17 April 2024 by Director .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,223 -
Other debtors 1,120 1,059
3,343 1,059

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 1,993 3,687
Other creditors 100,698 200,698
102,691 204,385

7. FINANCIAL INSTRUMENTS

Financial liabilities are obligations to pay cash and are recognized when the company becomes party to the contractual provisions of the instrument.
All financial liabilities are recorded initially at fair value, net of direct issue costs and subsequently measured at amortized cost using the effective interest method. Interest related charges are recognized as an expense in the finance cost of the income statement.

DELL GRANT INVESTMENTS LIMITED (REGISTERED NUMBER: 04189711)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
36,000 Ordinary £1 36,000 36,000

9. RESERVES

The profit and loss reserves include fair value gains on investment property. These amounts are non distributable and as at 31 March 2024 these stood at £212,200. (2023: £212,200).

10. RELATED PARTY DISCLOSURES

Mr A. K. Verma is a director and shareholder of the company and has provided a loan to the company which bears no interest and is repayable on demand. The amount outstanding as at 31 March 2024 was £94,205.(2023: £194,205).

Transactions with Related Party
During the year the net movement on directors loan amounted to repayments in the sum of £100,000.

11. ULTIMATE CONTROLLING PARTY

By virtue of their beneficial interest in the issued share capital of the company Mrs R Sofat and Mrs S Varma are the Ultimate Controlling Party.