PTP Accounts Production v24.2.0.383 10607807 Board of Directors Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh106078072023-03-31106078072024-03-31106078072023-04-012024-03-31106078072022-03-31106078072022-04-012023-03-31106078072023-03-3110607807ns15:EnglandWales2023-04-012024-03-3110607807ns14:PoundSterling2023-04-012024-03-3110607807ns10:Director12023-04-012024-03-3110607807ns10:Director22023-04-012024-03-3110607807ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3110607807ns10:SmallEntities2023-04-012024-03-3110607807ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3110607807ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3110607807ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3110607807ns10:FullAccounts2023-04-012024-03-3110607807ns10:CompanySecretary12023-04-012024-03-3110607807ns10:RegisteredOffice2023-04-012024-03-3110607807ns5:CurrentFinancialInstruments2024-03-3110607807ns5:CurrentFinancialInstruments2023-03-3110607807ns5:ShareCapital2024-03-3110607807ns5:ShareCapital2023-03-3110607807ns5:SharePremium2024-03-3110607807ns5:SharePremium2023-03-3110607807ns5:RevaluationReserve2024-03-3110607807ns5:RevaluationReserve2023-03-3110607807ns5:RetainedEarningsAccumulatedLosses2024-03-3110607807ns5:RetainedEarningsAccumulatedLosses2023-03-3110607807ns5:FurnitureFittings2023-03-3110607807ns5:FurnitureFittings2023-04-012024-03-3110607807ns5:FurnitureFittings2024-03-3110607807ns5:FurnitureFittings2023-03-3110607807ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3110607807ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-3110607807ns5:RetainedEarningsAccumulatedLosses2023-03-3110607807ns5:SharePremium2023-03-3110607807ns5:RevaluationReserve2023-03-3110607807ns5:RetainedEarningsAccumulatedLosses2023-04-012024-03-31
REGISTERED NUMBER: 10607807 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

D SQUARED INVESTMENTS LIMITED

D SQUARED INVESTMENTS LIMITED (Registered number: 10607807)






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


D SQUARED INVESTMENTS LIMITED

Company Information
for the Year Ended 31 March 2024







DIRECTORS: M Abayahoudaiyan
D Abayahoudaiyan





SECRETARY: Dsquare Properties Llp





REGISTERED OFFICE: 4 Quex road
London
NW6 4PJ





REGISTERED NUMBER: 10607807 (England and Wales)





ACCOUNTANTS: Purcellz
4 Quex Road
London
NW6 4PJ

D SQUARED INVESTMENTS LIMITED (Registered number: 10607807)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,345 1,681
Investment property 5 18,150,000 18,150,000
18,151,345 18,151,681

CURRENT ASSETS
Debtors 6 392,009 964,659
Cash at bank 254,803 500,194
646,812 1,464,853
CREDITORS
Amounts falling due within one year 7 201,712 167,938
NET CURRENT ASSETS 445,100 1,296,915
TOTAL ASSETS LESS CURRENT
LIABILITIES

18,596,445

19,448,596

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Share premium 8 16,723,803 16,723,803
Revaluation reserve 8 660,000 660,000
Retained earnings 8 1,202,642 2,054,793
SHAREHOLDERS' FUNDS 18,596,445 19,448,596

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 directors acknowledge their 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.

D SQUARED INVESTMENTS LIMITED (Registered number: 10607807)

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 Board of Directors and authorised for issue on 4 December 2024 and were signed on its behalf by:




M Abayahoudaiyan - Director



D Abayahoudaiyan - Director


D SQUARED INVESTMENTS LIMITED (Registered number: 10607807)

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

1. STATUTORY INFORMATION

D SQUARED 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.

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.

Turnover
Turnover represents the following types of income
- Rental income
- Income from the sale of properties

All income is recognised on a receivable basis.

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 - 25% on 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.

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 that have originated but not reversed at the balance sheet 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.

D SQUARED INVESTMENTS LIMITED (Registered number: 10607807)

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 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 April 2023
and 31 March 2024 1,735
DEPRECIATION
At 1 April 2023 54
Charge for year 336
At 31 March 2024 390
NET BOOK VALUE
At 31 March 2024 1,345
At 31 March 2023 1,681

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 18,150,000
NET BOOK VALUE
At 31 March 2024 18,150,000
At 31 March 2023 18,150,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 31,750 19,875
Amounts owed by group
undertakings 360,259 222,360
Other debtors - 709,251
VAT - 248
Prepayments and accrued income - 12,925
392,009 964,659

D SQUARED INVESTMENTS LIMITED (Registered number: 10607807)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 7,234 1,799
Tax 85,323 89,602
Social security & other taxes 2,090 152
Other creditors 29,387 -
Directors' loan accounts 22 22
Accruals and deferred income 77,656 76,363
201,712 167,938

8. RESERVES
Retained Share Revaluation
earnings premium reserve Totals
£    £    £    £   

At 1 April 2023 2,054,793 16,723,803 660,000 19,438,596
Profit for the year 272,215 272,215
Dividends (1,124,366 ) (1,124,366 )
At 31 March 2024 1,202,642 16,723,803 660,000 18,586,445

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year, Mr and Mrs Abayahoudaiyan decreased their loan to the company. As at 31 March 2024 the company owed them £22 (2023: £22). This balance represented the maximum amount outstanding during the year and the loan is interest free and repayable on demand.

During the year, the company paid Mr and Mrs Abayahoudaiyan rent amounting to £624 (2023: £1,785) as a result of utilising office space within their home.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is D Abayahoudaiyan.

This was by virtue of his 100% holding of D Squared LLP whom has 100% holding of the issued share capital.