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REGISTERED NUMBER: 03318895 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024

FOR

D & V ENTERPRISES LIMITED

D & V ENTERPRISES LIMITED (REGISTERED NUMBER: 03318895)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


D & V ENTERPRISES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTORS: Mr D.V. Mehta
Miss Seema Mehta





SECRETARY: D.D. Mehta





REGISTERED OFFICE: 52 Dagmar Avenue
Wembley
Middlesex
HA9 8DF





REGISTERED NUMBER: 03318895 (England and Wales)






D & V ENTERPRISES LIMITED (REGISTERED NUMBER: 03318895)

BALANCE SHEET
31ST MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 4 443,738 273,822

CURRENT ASSETS
Debtors 5 33,319 75,590
Cash at bank 645,269 645,663
678,588 721,253
CREDITORS
Amounts falling due within one year 6 246,800 246,983
NET CURRENT ASSETS 431,788 474,270
TOTAL ASSETS LESS CURRENT
LIABILITIES

875,526

748,092

CREDITORS
Amounts falling due after more than one year 7 146,453 146,453
NET ASSETS 729,073 601,639

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 729,071 601,637
SHAREHOLDERS' FUNDS 729,073 601,639

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22nd January 2025 and were signed on its behalf by:





Mr D.V. Mehta - Director


D & V ENTERPRISES LIMITED (REGISTERED NUMBER: 03318895)

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


1. STATUTORY INFORMATION

D&V Enterprises Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 03318895 and registered office address is 52 Dagmar Avenue, Wembley, Middlesex, HA9 8DF.

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.

Investments in subsidiaries
Investment in subsidiary undertakings are recognised at cost less any provisions.

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.

Fixed asset investments
Investments are measured initially at cost and at subsequent reporting dates at fair value and derecognised at trade date where a purchase or sale is under a contract whose terms require delivery within the time-frame of the relevant market. For listed investments this is deemed to be bid market prices or closing prices.

When it is not possible to measure the fair value of investments reliably, these investments are shown at cost less impairment.

Investment in group undertakings are recognised at cost less any provisions

3. EMPLOYEES AND DIRECTORS

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

D & V ENTERPRISES LIMITED (REGISTERED NUMBER: 03318895)

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


4. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST OR VALUATION
At 1st April 2023 748,417 197,124 945,541
Additions - 49,979 49,979
Disposals - (2,009 ) (2,009 )
Revaluations - 29,067 29,067
At 31st March 2024 748,417 274,161 1,022,578
PROVISIONS
At 1st April 2023 671,719 - 671,719

Provision written back (92,879 ) - (92,879 )
At 31st March 2024 578,840 - 578,840
NET BOOK VALUE
At 31st March 2024 169,577 274,161 443,738
At 31st March 2023 76,698 197,124 273,822

Cost or valuation at 31st March 2024 is represented by:

Shares in
group Other
undertakings investments Totals
£    £    £   
Valuation in 2019 - 6,356 6,356
Valuation in 2020 - (11,395 ) (11,395 )
Valuation in 2021 - 27,766 27,766
Valuation in 2022 - 6,921 6,921
Valuation in 2023 - (3,853 ) (3,853 )
Valuation in 2024 - 29,067 29,067
Cost 748,417 219,299 967,716
748,417 274,161 1,022,578

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 20,000 20,000
Other debtors 13,319 55,590
33,319 75,590

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 246,800 246,983

D & V ENTERPRISES LIMITED (REGISTERED NUMBER: 03318895)

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


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other creditors 146,453 146,453

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary 1 2 2

9. RELATED PARTY DISCLOSURES

The director has given an interest free loan to the D&V Enterprises Ltd (the Company) and the amount payable at the year-end was £146,453 (2023: £146,453).

A shareholder of the company has given an interest free loan to the Company and the amount payable at the year-end was £245,000 (2023: £245,000).

The Company has given an interest free loan to Devraj Ltd, which is 50% owned by the Company, and the amount receivable at the year-end was £20,000 (2023:£20,000).

10. ULTIMATE CONTROLLING PARTY

The company was controlled throughout the current and previous period by its directors and close family members.