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REGISTERED NUMBER: 11812995 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 January 2024

for

DIAVEL Limited

DIAVEL Limited (Registered number: 11812995)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DIAVEL Limited

Company Information
for the Year Ended 31 January 2024







DIRECTOR: J Tate





SECRETARY:





REGISTERED OFFICE: 398 Coast Road
Pevensey Bay
East Sussex
BN24 6NY





REGISTERED NUMBER: 11812995 (England and Wales)





ACCOUNTANTS: Stone's Accountancy Sussex Limited
398 Coast Road
Pevensey Bay
Pevensey
East Sussex
BN24 6NY

DIAVEL Limited (Registered number: 11812995)

Balance Sheet
31 January 2024

31/1/24 31/1/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 395,386 395,603
Investments 5 (118,447 ) (118,447 )
276,939 277,156

CURRENT ASSETS
Debtors 6 10 10
Investments 7 10 10
Cash at bank and in hand 23,908 1,321
23,928 1,341
CREDITORS
Amounts falling due within one year 8 49,291 31,584
NET CURRENT LIABILITIES (25,363 ) (30,243 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

251,576

246,913

CREDITORS
Amounts falling due after more than
one year

9

250,000

250,000
NET ASSETS/(LIABILITIES) 1,576 (3,087 )

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 1,566 (3,097 )
SHAREHOLDERS' FUNDS 1,576 (3,087 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

DIAVEL Limited (Registered number: 11812995)

Balance Sheet - continued
31 January 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 October 2024 and were signed by:





J Tate - Director


DIAVEL Limited (Registered number: 11812995)

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

1. STATUTORY INFORMATION

DIAVEL 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance

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 balance sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 February 2023
and 31 January 2024 391,175 5,462 396,637
DEPRECIATION
At 1 February 2023 - 1,034 1,034
Charge for year - 217 217
At 31 January 2024 - 1,251 1,251
NET BOOK VALUE
At 31 January 2024 391,175 4,211 395,386
At 31 January 2023 391,175 4,428 395,603

DIAVEL Limited (Registered number: 11812995)

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

4. TANGIBLE FIXED ASSETS - continued

Included in cost of land and buildings is freehold land of £ 391,175 (2023 - £ 391,175 ) which is not depreciated.

5. FIXED ASSET INVESTMENTS
Own
shares
£   
COST
At 1 February 2023
and 31 January 2024 (133,181 )
PROVISIONS
At 1 February 2023
and 31 January 2024 (14,734 )
NET BOOK VALUE
At 31 January 2024 (118,447 )
At 31 January 2023 (118,447 )

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/24 31/1/23
£    £   
Called up share capital not paid 10 10

7. CURRENT ASSET INVESTMENTS
31/1/24 31/1/23
£    £   
Own shares 10 10

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/24 31/1/23
£    £   
Tax 234 -
Directors' loan accounts 47,515 30,588
Accrued expenses 1,542 996
49,291 31,584

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31/1/24 31/1/23
£    £   
Other loans - 2-5 years 250,000 250,000

DIAVEL Limited (Registered number: 11812995)

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

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date, the directors loan account shown on the balance sheet was owed to the director of the company. This has been loaned to purchase the property and offer cash flow. The loan is repayable on demand and interest has been charged at 3%.