Registered number
12503420
DHILLON PROPERTIES LONDON LIMITED
Unaudited Filleted Accounts
31 May 2024
DHILLON PROPERTIES LONDON LIMITED
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of DHILLON PROPERTIES LONDON LIMITED for the year ended 31 May 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of DHILLON PROPERTIES LONDON LIMITED for the year ended 31 May 2024 which comprise of the Profit and Loss Account, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at
www.icaew.com/en/members/regulations-standards-and-guidance
Our work has been undertaken in accordance with ICAEW Technical Release 07/16 AAF.
…........................................
Fordhams & Co. Limited
Chartered Accountants
Studio 6
6 Hornsey Street
London
N7 8GR
8 January 2025
DHILLON PROPERTIES LONDON LIMITED
Registered number: 12503420
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Investments 3 2,264,472 2,234,936
Current assets
Cash at bank and in hand 116,912 106,063
Creditors: amounts falling due within one year 4 (11,832) (9,279)
Net current assets 105,080 96,784
Total assets less current liabilities 2,369,552 2,331,720
Creditors: amounts falling due after more than one year 5 (1,037,209) (1,037,033)
Net assets 1,332,343 1,294,687
Capital and reserves
Called up share capital 100 100
Share premium 1,237,877 1,237,877
Profit and loss account 94,366 56,710
Shareholders' funds 1,332,343 1,294,687
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
…..............................
Mr Parmpal Dhillon
Director
Approved by the board on 8 January 2025
DHILLON PROPERTIES LONDON LIMITED
Notes to the Accounts
for the year ended 31 May 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is represented by rent received during the year
Investments
Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company - -
3 Investments
Other
investments
£
Cost
At 1 June 2023 2,234,936
Additions 29,536
At 31 May 2024 2,264,472
4 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 8,833 6,879
Other creditors 2,999 2,400
11,832 9,279
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 1,016,456 1,016,453
Other creditors 20,753 20,580
1,037,209 1,037,033
6 Loans 2024 2023
£ £
Creditors include:
Amounts payable otherwise than by instalment falling due for payment after more than five years 1,016,453 1,016,453
Secured bank loans 1,016,453 1,016,453
Loan secured against investment properties.
7 Other information
DHILLON PROPERTIES LONDON LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
Studio 6 6 Hornsey Street
London
N7 8GR
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