1 April 2023 false Taxfiler 2024.6.1 10232493business:PrivateLimitedCompanyLtd2023-04-012024-03-31 102324932023-03-31 102324932023-04-012024-03-31 10232493business:AuditExempt-NoAccountantsReport2023-04-012024-03-31 10232493business:FilletedAccounts2023-04-012024-03-31 102324932024-03-31 10232493business:Director12023-04-012024-03-31 10232493business:RegisteredOffice2023-04-012024-03-31 102324932023-03-31 10232493core:WithinOneYear2024-03-31 10232493core:WithinOneYear2023-03-31 10232493core:AfterOneYear2024-03-31 10232493core:AfterOneYear2023-03-31 10232493core:ShareCapitalcore:PreviouslyStatedAmount2024-03-31 10232493core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 10232493core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-03-31 10232493core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 10232493core:PreviouslyStatedAmount2024-03-31 10232493core:PreviouslyStatedAmount2023-03-31 10232493business:SmallEntities2023-04-012024-03-31 10232493countries:EnglandWales2023-04-012024-03-31 10232493core:FurnitureFittings2023-04-012024-03-31 10232493core:FurnitureFittings2023-03-31 10232493core:FurnitureFittings2024-03-31 10232493core:AdditionsToInvestments2024-03-31 10232493core:AfterOneYear2023-04-012024-03-31 102324932022-04-012023-03-31 iso4217:GBP xbrli:pure
Company Registration No. 10232493 (England and Wales)
Dhillons Property Investments Limited Unaudited accounts for the year ended 31 March 2024
Dhillons Property Investments Limited Unaudited accounts Contents
Page
- 2 -
Dhillons Property Investments Limited Company Information for the year ended 31 March 2024
Director
Mr. Manga Singh Dhillon
Company Number
10232493 (England and Wales)
Registered Office
Eagle House Stonebridge Road Eagle Way Northfleet Gravesend DA11 9BJ UK
- 3 -
Dhillons Property Investments Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
22,198 
26,115 
Investments
4,569,495 
4,239,273 
4,591,693 
4,265,388 
Current assets
Debtors
33,445 
212,167 
Cash at bank and in hand
81,510 
8,091 
114,955 
220,258 
Creditors: amounts falling due within one year
(351,558)
(362,169)
Net current liabilities
(236,603)
(141,911)
Total assets less current liabilities
4,355,090 
4,123,477 
Creditors: amounts falling due after more than one year
(3,979,700)
(3,821,923)
Provisions for liabilities
Deferred tax
(24,082)
(24,082)
Net assets
351,308 
277,472 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
351,307 
277,471 
Shareholders' funds
351,308 
277,472 
For the year ending 31 March 2024 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 15 July 2024 and were signed on its behalf by
Mr. Manga Singh Dhillon Director Company Registration No. 10232493
- 4 -
Dhillons Property Investments Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Dhillons Property Investments Limited is a private company, limited by shares, registered in England and Wales, registration number 10232493. The registered office is Eagle House Stonebridge Road, Eagle Way, Northfleet, Gravesend, DA11 9BJ, UK.
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:
Fixtures & fittings
15% Reducing balance
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investment property
Investment property is included at market fair value. Crystallised gains are recognised in the income statement. Deferred taxation is provided on uncrystallised gains at the rate expected to apply when the property is sold.
- 5 -
Dhillons Property Investments Limited Notes to the Accounts for the year ended 31 March 2024
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 April 2023
40,000 
At 31 March 2024
40,000 
Depreciation
At 1 April 2023
13,885 
Charge for the year
3,917 
At 31 March 2024
17,802 
Net book value
At 31 March 2024
22,198 
At 31 March 2023
26,115 
5
Investments
Other investments 
£ 
Valuation at 1 April 2023
4,239,273 
Additions
330,222 
Valuation at 31 March 2024
4,569,495 
Other Investments comprise entirely of freehold property investments. During the period the freehold property investments have been revalued by the director on a rental yield basis typical of commercial properties held by the company. The properties stated on a historical basis would be £4,442,747 (2023:£4,112,525).
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
33,445 
212,167 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
273,372 
293,188 
Trade creditors
3,180 
- 
Taxes and social security
11,419 
5,395 
Other creditors
63,587 
63,586 
351,558 
362,169 
- 6 -
Dhillons Property Investments Limited Notes to the Accounts for the year ended 31 March 2024
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
2,037,610 
2,111,278 
Amounts owed to group undertakings and other participating interests
1,942,090 
1,710,645 
3,979,700 
3,821,923 
The bank loans and overdrafts are secured against assets of the company. The company has loans with HSBC Bank of £2,310,982. The interest rate on these loans range from 2.5% to 4.9% above bank base rate.
9
Controlling party
The company is controlled by T&M Dhillon Group Ltd which is registered in England.
10
Average number of employees
During the year the average number of employees was 1 (2023: 1).
- 7 -