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Company Registration No. 13881739 (England and Wales)
DHALLA PROPERTIES LTD Unaudited accounts for the year ended 31 January 2024
DHALLA PROPERTIES LTD Unaudited accounts Contents
Page
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DHALLA PROPERTIES LTD Company Information for the year ended 31 January 2024
Directors
Mohammed Waqas Afzal QURESHI Fauzia QURESHI
Company Number
13881739 (England and Wales)
Registered Office
21 HYDE PARK ROAD LEEDS LS6 1PY ENGLAND
Accountants
HLA Accountants 21 Hyde Park Road Leeds West Yorkshire LS6 1PY
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Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of DHALLA PROPERTIES LTD for the year ended 31 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 DHALLA PROPERTIES LTD for the year ended 31 January 2024 as set out on pages 5 - 7 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf.
HLA Accountants Chartered Certified Accountants 21 Hyde Park Road Leeds West Yorkshire LS6 1PY 31 January 2025
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DHALLA PROPERTIES LTD Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
11,695,000 
8,005,000 
Current assets
Cash at bank and in hand
251 
3,878 
Creditors: amounts falling due within one year
(3,198,903)
(1,949,092)
Net current liabilities
(3,198,652)
(1,945,214)
Total assets less current liabilities
8,496,348 
6,059,786 
Creditors: amounts falling due after more than one year
(8,356,760)
(6,058,548)
Net assets
139,588 
1,238 
Capital and reserves
Profit and loss account
139,588 
1,238 
Shareholders' funds
139,588 
1,238 
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 31 January 2025 and were signed on its behalf by
Mohammed Waqas Afzal QURESHI Director Company Registration No. 13881739
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DHALLA PROPERTIES LTD Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
DHALLA PROPERTIES LTD is a private company, limited by shares, registered in England and Wales, registration number 13881739. The registered office is 21 HYDE PARK ROAD, LEEDS, LS6 1PY, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Going concern
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
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DHALLA PROPERTIES LTD Notes to the Accounts for the year ended 31 January 2024
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 1 February 2023
8,005,000 
Additions
3,690,000 
At 31 January 2024
11,695,000 
Depreciation
At 31 January 2024
- 
Net book value
At 31 January 2024
11,695,000 
At 31 January 2023
8,005,000 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
15,553 
291 
Loans from directors
3,182,150 
1,938,271 
Accruals
1,200 
10,530 
3,198,903 
1,949,092 
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
8,356,760 
6,058,548 
7
Loans to directors
At the year end, a balance of £3,171,620 was owed to the director. The above balance is interest free with no fixed date of repayment.
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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