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REGISTERED NUMBER: 08846445 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

DURU INVESTMENTS LIMITED

DURU INVESTMENTS LIMITED (REGISTERED NUMBER: 08846445)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


DURU INVESTMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: Mrs C Duru





REGISTERED OFFICE: Unit 1
30-32 Friern Park
London
N12 9DA





REGISTERED NUMBER: 08846445 (England and Wales)





ACCOUNTANTS: EA
Chartered Accountants
869 High Road
London
N12 8QA

DURU INVESTMENTS LIMITED (REGISTERED NUMBER: 08846445)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 17,040 -
Investments 5 100,437 95,691
Investment property 6 872,931 229,664
990,408 325,355

CURRENT ASSETS
Debtors 7 1,733 141,828
Cash at bank and in hand 13,544 75,353
15,277 217,181
CREDITORS
Amounts falling due within one year 8 484,890 405,519
NET CURRENT LIABILITIES (469,613 ) (188,338 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

520,795

137,017

CREDITORS
Amounts falling due after more than one
year

9

581,443

164,469
NET LIABILITIES (60,648 ) (27,452 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (60,748 ) (27,552 )
SHAREHOLDERS' FUNDS (60,648 ) (27,452 )

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.

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 December 2024 and were signed by:





Mrs C Duru - Director


DURU INVESTMENTS LIMITED (REGISTERED NUMBER: 08846445)

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

1. STATUTORY INFORMATION

Duru 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 as modified by the revaluation of certain assets.

The financial statements have been prepared on a going concern basis as the director is satisfied that the company will have adequate resources to meet its liabilities to third parties as they fall due.

TURNOVER
Turnover represents rental income receivable.

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 - 15% on reducing balance

INVESTMENT PROPERTY
Investment properties are carried at fair value. Revaluation surpluses are recognised in the income statement. Deferred Taxation is provided on these gains at the rate expected to apply when the property is sold. No depreciation is provided in respect of investment properties.

The Companies Act 2006 requires all properties to be depreciated. However, this requirement conflicts with the generally accepted accounting principle set out in FRS 102 (Section 1A). The directors consider that, because these properties are not held for consumption but for their investment potential, to depreciate them would not give a true and fair view and that it is necessary to adopt FRS 102 (Section 1A) in order to give a true and fair view. If this departure from the Act had not been made, the loss for the financial year would have been increased by the amount of depreciation.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
Additions 20,047
At 31 March 2024 20,047
DEPRECIATION
Charge for year 3,007
At 31 March 2024 3,007
NET BOOK VALUE
At 31 March 2024 17,040

DURU INVESTMENTS LIMITED (REGISTERED NUMBER: 08846445)

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

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 April 2023 95,691
Revaluations 4,746
At 31 March 2024 100,437
NET BOOK VALUE
At 31 March 2024 100,437
At 31 March 2023 95,691

Cost or valuation at 31 March 2024 is represented by:

Other
investments
£   
Valuation in 2023 95,691
Valuation in 2024 4,746
100,437

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 229,664
Additions 643,267
At 31 March 2024 872,931
NET BOOK VALUE
At 31 March 2024 872,931
At 31 March 2023 229,664

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2023 229,664
Valuation in 2024 643,267
872,931

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

2024 2023
£    £   
Cost 872,931 229,664

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
£    £   
Other debtors 1,733 141,828

DURU INVESTMENTS LIMITED (REGISTERED NUMBER: 08846445)

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

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed to group undertakings 479,047 403,603
Other creditors 5,843 1,916
484,890 405,519

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 581,443 164,469

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 581,443 164,469

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 581,443 164,469

The bank loans are secured by way of legal charges over the properties and undertakings of the company.

11. RELATED PARTY DISCLOSURES

Included in creditors, amounts falling due within one year, is an interest free amount of £479,047 (2023: £403,603) due to Dynamic People Limited, a fellow subsidiary company.

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the director, Ms C Duru who owns the entire issued share capital of SCKC Group Limited, the Parent company.