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REGISTERED NUMBER: 07528431 (England and Wales)









DIPA SHAH LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






DIPA SHAH LIMITED (REGISTERED NUMBER: 07528431)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DIPA SHAH LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: Dr D Shah





SECRETARY: MC Secretaries Limited





REGISTERED OFFICE: Casterbridge
The Thatchway
Angmering
Littlehampton
West Sussex
BN16 4HJ





REGISTERED NUMBER: 07528431 (England and Wales)





ACCOUNTANTS: Morris Crocker
Chartered Accountants
Station House
North Street
Havant
Hampshire
PO9 1QU

DIPA SHAH LIMITED (REGISTERED NUMBER: 07528431)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 424,840 429,540
Investments 5 251,537 251,537
Investment property 6 300,000 300,000
976,377 981,077

CURRENT ASSETS
Debtors 7 693,441 592,493
Cash at bank 4,479 21,217
697,920 613,710
CREDITORS
Amounts falling due within one year 8 396,601 318,167
NET CURRENT ASSETS 301,319 295,543
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,277,696

1,276,620

CREDITORS
Amounts falling due after more than one
year

9

(506,562

)

(512,579

)

PROVISIONS FOR LIABILITIES (5,100 ) (5,100 )
NET ASSETS 766,034 758,941

CAPITAL AND RESERVES
Called up share capital 11 1 1
Retained earnings 766,033 758,940
SHAREHOLDERS' FUNDS 766,034 758,941

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 her 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.

DIPA SHAH LIMITED (REGISTERED NUMBER: 07528431)

BALANCE SHEET - continued
31 MARCH 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 24 November 2024 and were signed by:





Dr D Shah - Director


DIPA SHAH LIMITED (REGISTERED NUMBER: 07528431)

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

1. STATUTORY INFORMATION

Dipa Shah 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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 the provision of dental services provided during the year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost

Investments in subsidiaries and associates
Investments in subsidiary and associate undertakings are recognised at cost.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments
Debtors and cash at bank: Trade and other debtors are recognised at the settlement amount due after any trade discount offered. prepayments are valued at the amount prepaid net of any trade discounts due. Cash at bank and in hand includes cash on deposit or in a current account.

Creditors and provisions: Creditors and provisions are recognised where there is a present obligation resulting from a past event that will probably result in the transfer of economic benefits to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences at the balance sheet date, except as otherwise required in the paragraphs below.

Unrelieved 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.

Deferred tax shall not be recognised on permanent differences, other than a business combination where assets (other than goodwill) give rise to an deferred tax asset or liability.

DIPA SHAH LIMITED (REGISTERED NUMBER: 07528431)

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

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
At 1 April 2023
and 31 March 2024 453,040
DEPRECIATION
At 1 April 2023 23,500
Charge for year 4,700
At 31 March 2024 28,200
NET BOOK VALUE
At 31 March 2024 424,840
At 31 March 2023 429,540

Included in cost of land and buildings is freehold land of £ 218,040 (2023 - £ 218,040 ) which is not depreciated.

5. FIXED ASSET INVESTMENTS
Shares in Interest
group in
undertakings associate Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 251,536 1 251,537
NET BOOK VALUE
At 31 March 2024 251,536 1 251,537
At 31 March 2023 251,536 1 251,537

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 300,000
NET BOOK VALUE
At 31 March 2024 300,000
At 31 March 2023 300,000

DIPA SHAH LIMITED (REGISTERED NUMBER: 07528431)

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

6. INVESTMENT PROPERTY - continued

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2021 (14,410 )
Valuation in 2022 50,000
Cost 264,410
300,000

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 264,410 264,410

Investment property was valued on an open market basis on 31 March 2024 by the director .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 578,615 591,336
Other debtors 114,826 1,157
693,441 592,493

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 13,200 19,200
Trade creditors 2,554 -
Amounts owed to group undertakings 373,023 235,926
Other creditors 7,824 63,041
396,601 318,167

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 506,562 512,579

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 519,762 531,779

DIPA SHAH LIMITED (REGISTERED NUMBER: 07528431)

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

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £1.00 1 1

12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
Dr D Shah
Balance outstanding at start of year (57,189 ) (179,197 )
Amounts advanced 236,020 242,907
Amounts repaid (64,915 ) (120,899 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 113,916 (57,189 )

13. ULTIMATE CONTROLLING PARTY

The controlling party is Dr D Shah.