Company Registration No. 08290357 (England and Wales)
Desai Global Investments Limited
Unaudited accounts
for the year ended 30 November 2023
Desai Global Investments Limited
Unaudited accounts
Contents
Desai Global Investments Limited
Company Information
for the year ended 30 November 2023
Company Number
08290357 (England and Wales)
Registered Office
62 New Wanstead
Wanstead
London
E11 2SU
United Kingdom
Accountants
ESJ Accountants Ltd
4 Raleigh House
Admirals Way
Canary Wharf
London
E14 9SN
Desai Global Investments Limited
Statement of financial position
as at 30 November 2023
Tangible assets
1,354,761
677,035
Cash at bank and in hand
9,961
208,847
Creditors: amounts falling due within one year
(368,447)
(30,444)
Net current (liabilities)/assets
(345,728)
266,161
Total assets less current liabilities
1,009,033
943,196
Creditors: amounts falling due after more than one year
(698,121)
(684,872)
Net assets
310,912
258,324
Called up share capital
5
5
Profit and loss account
310,907
258,319
Shareholders' funds
310,912
258,324
For the year ending 30 November 2023 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 director acknowledges his 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 and authorised for issue on 29 October 2024 and were signed on its behalf by
Imran Wali
Director
Company Registration No. 08290357
Desai Global Investments Limited
Notes to the Accounts
for the year ended 30 November 2023
Desai Global Investments Limited is a private company, limited by shares, registered in England and Wales, registration number 08290357. The registered office is 62 New Wanstead, Wanstead, London, E11 2SU, United Kingdom.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 December 2022
654,561
115,719
770,280
Additions
695,084
-
695,084
At 30 November 2023
1,349,645
115,719
1,465,364
At 1 December 2022
-
93,245
93,245
Charge for the year
-
17,358
17,358
At 30 November 2023
-
110,603
110,603
At 30 November 2023
1,349,645
5,116
1,354,761
At 30 November 2022
654,561
22,474
677,035
Amounts falling due within one year
Amounts due from group undertakings etc.
12,758
87,758
Desai Global Investments Limited
Notes to the Accounts
for the year ended 30 November 2023
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
30,859
25,866
7
Creditors: amounts falling due after more than one year
2023
2022
Loans from directors
698,121
684,872
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).