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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
Page
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Desai Global Investments Limited Company Information for the year ended 30 November 2023
Director
Imran Wali
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
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Desai Global Investments Limited Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,354,761 
677,035 
Current assets
Debtors
12,758 
87,758 
Cash at bank and in hand
9,961 
208,847 
22,719 
296,605 
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 
Capital and reserves
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
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Desai Global Investments Limited Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
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.
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.
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 
Depreciation
At 1 December 2022
- 
93,245 
93,245 
Charge for the year
- 
17,358 
17,358 
At 30 November 2023
- 
110,603 
110,603 
Net book value
At 30 November 2023
1,349,645 
5,116 
1,354,761 
At 30 November 2022
654,561 
22,474 
677,035 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Amounts due from group undertakings etc.
12,758 
87,758 
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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 
Other creditors
333,850 
- 
Accruals
3,738 
4,578 
368,447 
30,444 
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).
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