Anand Deol Limited 11167572 false 2023-02-01 2024-01-30 2024-01-30 The principal activity of the company is that of property rental. The company commenced trading on 1st May 2023. Digita Accounts Production Advanced 6.30.9574.0 true true 11167572 2023-02-01 2024-01-30 11167572 2024-01-30 11167572 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2024-01-30 11167572 core:RetainedEarningsAccumulatedLosses 2024-01-30 11167572 core:ShareCapital 2024-01-30 11167572 core:CurrentFinancialInstruments 2024-01-30 11167572 core:CurrentFinancialInstruments core:WithinOneYear 2024-01-30 11167572 core:Non-currentFinancialInstruments 2024-01-30 11167572 core:Non-currentFinancialInstruments core:AfterOneYear 2024-01-30 11167572 bus:SmallEntities 2023-02-01 2024-01-30 11167572 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-30 11167572 bus:FilletedAccounts 2023-02-01 2024-01-30 11167572 bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-30 11167572 bus:RegisteredOffice 2023-02-01 2024-01-30 11167572 bus:Director1 2023-02-01 2024-01-30 11167572 bus:Director2 2023-02-01 2024-01-30 11167572 bus:Director3 2023-02-01 2024-01-30 11167572 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2023-02-01 2024-01-30 11167572 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-30 11167572 bus:Agent1 2023-02-01 2024-01-30 11167572 countries:England 2023-02-01 2024-01-30 11167572 2022-02-01 2023-01-31 11167572 2023-01-31 11167572 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2023-01-31 11167572 core:RetainedEarningsAccumulatedLosses 2023-01-31 11167572 core:ShareCapital 2023-01-31 11167572 core:CurrentFinancialInstruments 2023-01-31 11167572 core:CurrentFinancialInstruments core:WithinOneYear 2023-01-31 11167572 core:Non-currentFinancialInstruments 2023-01-31 11167572 core:Non-currentFinancialInstruments core:AfterOneYear 2023-01-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 11167572

Anand Deol Limited

Unaudited Filleted Financial Statements

for the Period from 1 February 2023 to 30 January 2024

 

Anand Deol Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3 to 4

Notes to the Unaudited Financial Statements

5 to 8

 

Anand Deol Limited

Company Information

Directors

Mrs Balwinder Kaur Deol

Mr Sundeep Singh Deol

Mr Sarbjit Singh Deol

Registered office

Ground Floor, Seneca House
Links Point, Amy Johnson Way
Blackpool
Lancashire
FY4 2FF

Accountants

Crossley & Davis Chartered Accountants
Ground Floor, Seneca House
Links Point, Amy Johnson Way
Blackpool
Lancashire
FY4 2FF

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Anand Deol Limited
for the Period Ended 30 January 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Anand Deol Limited for the period ended 30 January 2024 as set out on pages 3 to 8 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 (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Anand Deol Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Anand Deol Limited and state those matters that we have agreed to state to the Board of Directors of Anand Deol Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Anand Deol Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Anand Deol Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Anand Deol Limited. You consider that Anand Deol Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the accounts of Anand Deol Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Crossley & Davis Chartered Accountants
Ground Floor, Seneca House
Links Point, Amy Johnson Way
Blackpool
Lancashire
FY4 2FF

30 January 2025

 

Anand Deol Limited

(Registration number: 11167572)
Balance Sheet as at 30 January 2024

Note

2024
£

2023
£

Fixed assets

 

Investment property

4

649,573

-

Current assets

 

Debtors

5

27,100

100

Cash at bank and in hand

 

767

-

 

27,867

100

Creditors: Amounts falling due within one year

6

(141,559)

-

Net current (liabilities)/assets

 

(113,692)

100

Total assets less current liabilities

 

535,881

100

Creditors: Amounts falling due after more than one year

6

(368,550)

-

Net assets

 

167,331

100

Capital and reserves

 

Called up share capital

7

100

100

Retained earnings

167,231

-

Shareholders' funds

 

167,331

100

For the financial period ending 30 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

Anand Deol Limited

(Registration number: 11167572)
Balance Sheet as at 30 January 2024

Approved and authorised by the Board on 30 January 2025 and signed on its behalf by:
 

.........................................
Mr Sundeep Singh Deol
Director

 

Anand Deol Limited

Notes to the Unaudited Financial Statements for the Period from 1 February 2023 to 30 January 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Ground Floor, Seneca House
Links Point, Amy Johnson Way
Blackpool
Lancashire
FY4 2FF
England

These financial statements were authorised for issue by the Board on 30 January 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Anand Deol Limited

Notes to the Unaudited Financial Statements for the Period from 1 February 2023 to 30 January 2024

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Anand Deol Limited

Notes to the Unaudited Financial Statements for the Period from 1 February 2023 to 30 January 2024

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 3 (2023 - 3).

4

Investment properties

2024
£

Additions

479,848

Fair value adjustments

169,725

At 30 January

649,573

The investment properties were re-valued at open market value by VAS Valuation Group

5

Debtors

Current

2024
£

2023
£

Other debtors

27,100

100

 

27,100

100

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Accruals and deferred income

1,800

-

Other creditors

139,759

-

141,559

-

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

8

368,550

-

 

Anand Deol Limited

Notes to the Unaudited Financial Statements for the Period from 1 February 2023 to 30 January 2024

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

100

100

100

100

       

8

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

368,550

-