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REGISTERED NUMBER: 14203399 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Vishal Developments Ltd

Vishal Developments Ltd (Registered number: 14203399)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Vishal Developments Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTORS: Mr D S Kasba
Mr R S Kasba





REGISTERED OFFICE: 44 Arthur Road
Southampton
SO15 5DU





REGISTERED NUMBER: 14203399 (England and Wales)





ACCOUNTANTS: Thomas Croft Limited
Accountants And Taxation Consultants
Solent House
107a Alma Road
Portswood
Southampton
Hampshire
SO14 6UY

Vishal Developments Ltd (Registered number: 14203399)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 550,000 455,000

CURRENT ASSETS
Debtors 5 109,081 -
Cash at bank 145,886 5,649
254,967 5,649
CREDITORS
Amounts falling due within one year 6 83,216 102,527
NET CURRENT ASSETS/(LIABILITIES) 171,751 (96,878 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

721,751

358,122

CREDITORS
Amounts falling due after more than one
year

7

(579,223

)

(304,057

)

PROVISIONS FOR LIABILITIES (32,481 ) (9,849 )
NET ASSETS 110,047 44,216

Vishal Developments Ltd (Registered number: 14203399)

Balance Sheet - continued
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Fair value reserve 8 97,443 -
Retained earnings 8 11,604 43,216
SHAREHOLDERS' FUNDS 110,047 44,216

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 21 March 2025 and were signed on its behalf by:





Mr R S Kasba - Director


Vishal Developments Ltd (Registered number: 14203399)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Vishal Developments 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.

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.

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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - NIL ) .

Vishal Developments Ltd (Registered number: 14203399)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023 455,000
Additions 16,734
Revaluations 78,266
At 30 June 2024 550,000
NET BOOK VALUE
At 30 June 2024 550,000
At 30 June 2023 455,000

Fair value at 30 June 2024 is represented by:
£   
Valuation in 2024 550,000

If the properties had not been revalued they would have been included at the following historical cost:

30.6.24 30.6.23
£    £   
Cost 420,075 403,341

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Directors' current accounts 109,081 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Corporation tax 2,509 330
Directors' current accounts 79,514 101,118
Accrued expenses 1,193 1,079
83,216 102,527

Vishal Developments Ltd (Registered number: 14203399)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans more 5 yrs non-inst 259,875 -
Other creditors 319,348 304,057
579,223 304,057

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 259,875 -

8. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 July 2023 43,216 - 43,216
Profit for the year 66,331 66,331
Dividends (500 ) (500 )
Fair Value Reserve - 97,443 97,443
To Fair Value Reserve (97,443 ) - (97,443 )
At 30 June 2024 11,604 97,443 109,047

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 30 June 2024 and the period ended 30 June 2023:

30.6.24 30.6.23
£    £   
Mr R S Kasba
Balance outstanding at start of year (76,650 ) -
Amounts advanced 43,778 500
Amounts repaid (46,642 ) (77,150 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (79,514 ) (76,650 )

Vishal Developments Ltd (Registered number: 14203399)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

Mr D S Kasba
Balance outstanding at start of year (24,467 ) -
Amounts advanced 336,674 500
Amounts repaid (203,125 ) (24,967 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 109,082 (24,467 )

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £500 were paid to the directors .

The company was under the control of Mr D and Mr R Kasba throughout the current period. Mr R Kasba is the managing director.

The company currently owes HR & Sons Properties Ltd of £318,057 (2023 - £304,057) which Mr R Kasba is a director and shareholder of.

11. POST BALANCE SHEET EVENTS

The company purchased 9 Landguard for £330,000 using loan finance in September 2024.