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REGISTERED NUMBER: 10388158 (England and Wales)









Financial Statements

for the Year Ended 31 March 2024

for

DKNR Ltd

DKNR Ltd (Registered number: 10388158)






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


DKNR Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: K Adhami
E Adhami





REGISTERED OFFICE: Unit 2 Artisan Place
23 Ladysmith Road
Harrow
Middlesex
HA3 5FE





REGISTERED NUMBER: 10388158 (England and Wales)





ACCOUNTANTS: Parker Cavendish
Chartered Accountants
28 Church Road
Stanmore
Middlesex
HA7 4XR

DKNR Ltd (Registered number: 10388158)

Statement of Financial Position
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 5 - -
Investment property 6 1,553,949 1,465,560
1,553,949 1,465,560

CURRENT ASSETS
Debtors 7 57,867 46,201
Cash at bank 74,419 104,105
132,286 150,306
CREDITORS
Amounts falling due within one year 8 (1,878,322 ) (1,852,185 )
NET CURRENT LIABILITIES (1,746,036 ) (1,701,879 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(192,087

)

(236,319

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (192,187 ) (236,419 )
SHAREHOLDERS' FUNDS (192,087 ) (236,319 )

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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 January 2025 and were signed on its behalf by:





K Adhami - Director


DKNR Ltd (Registered number: 10388158)

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

1. STATUTORY INFORMATION

DKNR Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historic cost convention, modified to include investment property at fair value.

Turnover
Turnover represents amounts receivable on sale of trading property, fees for the development of property and rent and services, net of value added tax.

The sale of property is recognised on the date of legal completion. Fees are charged for the development of property once the development services are complete. Profit arising on a development is recognised based on the stage of completion at the financial year end. Rent and service charges receivable are recognised by the period covered by such charges.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33.33% 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 Statement of Income and Retained Earnings, 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 statement of financial position date.

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.

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.

Going concern
The directors consider that the going concern basis is appropriate and assume that the company will continue in operational existence for at least 12 months from the date of approval of these financial statements. The validity of this assumption is dependent upon the continued support of the company's creditors.

DKNR Ltd (Registered number: 10388158)

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

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 9,528
DEPRECIATION
At 1 April 2023
and 31 March 2024 9,528
NET BOOK VALUE
At 31 March 2024 -

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 1,465,560
Additions 88,389
At 31 March 2024 1,553,949
NET BOOK VALUE
At 31 March 2024 1,553,949
At 31 March 2023 1,465,560

The fair value of the investment property has been arrived at on the basis of a valuation carried out at 31 March 2024 by the directors of the company. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

If investment properties were stated on an historical cost basis rather that the fair value basis, the amount recognised in the accounts would have been £1,553,949 (2023: £1,465,560).

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,588 1,183
Other debtors 56,279 45,018
57,867 46,201

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 60,991 36,087
Taxation and social security 372 355
Other creditors 1,816,959 1,815,743
1,878,322 1,852,185

DKNR Ltd (Registered number: 10388158)

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

9. RELATED PARTY DISCLOSURES

Included within other creditors at the year end is an amount of £1,803,679 (2023: £1,803,410) due to Corporate Solutions Consulting Limited, a company in which the directors have an interest. This amount has been provided unsecured, interest free and is repayable on demand.