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REGISTERED NUMBER: 07425975 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

DUC KHAI LONDON LTD

DUC KHAI LONDON LTD (REGISTERED NUMBER: 07425975)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


DUC KHAI LONDON LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTORS: H V Nguyen
Miss H Vu





REGISTERED OFFICE: 1 Kings Avenue
London
N21 3NA





REGISTERED NUMBER: 07425975 (England and Wales)





ACCOUNTANTS: AGK Partners
Chartered Accountants
1 Kings Avenue
London
N21 3NA

DUC KHAI LONDON LTD (REGISTERED NUMBER: 07425975)

BALANCE SHEET
30 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 159,527 12,184
Investment property 5 7,558,440 7,036,416
7,717,967 7,048,600

CURRENT ASSETS
Stocks 503,382 503,382
Debtors 6 294,636 148,880
Cash at bank 99,734 330,584
897,752 982,846
CREDITORS
Amounts falling due within one year 7 5,812,127 5,695,039
NET CURRENT LIABILITIES (4,914,375 ) (4,712,193 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,803,592

2,336,407

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,803,492 2,336,307
2,803,592 2,336,407

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 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 6 February 2025 and were signed on its behalf by:





Miss H Vu - Director


DUC KHAI LONDON LTD (REGISTERED NUMBER: 07425975)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1. STATUTORY INFORMATION

Duc Khai London 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. 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.

Significant judgements and estimates
In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period or in the period of the revision and future periods where the revision affects both current and future periods.

There are no significant judgements or estimates involved in the preparation of the financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss.

Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss.

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.


DUC KHAI LONDON LTD (REGISTERED NUMBER: 07425975)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 December 2022 15,563 - - 15,563
Additions - 154,191 766 154,957
At 30 November 2023 15,563 154,191 766 170,520
DEPRECIATION
At 1 December 2022 3,379 - - 3,379
Charge for year 2,436 5,140 38 7,614
At 30 November 2023 5,815 5,140 38 10,993
NET BOOK VALUE
At 30 November 2023 9,748 149,051 728 159,527
At 30 November 2022 12,184 - - 12,184

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2022 7,036,416
Additions 522,024
At 30 November 2023 7,558,440
NET BOOK VALUE
At 30 November 2023 7,558,440
At 30 November 2022 7,036,416

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 45,497 -
Amounts owed to connected companies 25,000 -
Other debtors 224,139 148,880
294,636 148,880

DUC KHAI LONDON LTD (REGISTERED NUMBER: 07425975)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 22,463 25,081
Taxation and social security 91,791 118,605
Other creditors 5,697,873 5,551,353
5,812,127 5,695,039

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in creditors, amounts falling due within one year, is an amount of £5,571,467 (2022: £5,508,212) owed to the directors of the company. The loan is interest free and repayable on demand.

9. RELATED PARTY DISCLOSURES

Included in debtors, amounts falling due within one year, is an amount of £25,000 (2022: £Nil) owed to a connected company by virtue of shared directorship. The loan is interest free and repayable on demand.