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REGISTERED NUMBER: 13616936 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

DYNASTY ESTATES PROPERTY HOLDINGS
LIMITED

DYNASTY ESTATES PROPERTY HOLDINGS
LIMITED (REGISTERED NUMBER: 13616936)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DYNASTY ESTATES PROPERTY HOLDINGS
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: B Shah
H Shah





REGISTERED OFFICE: Moda Business Centre
Stirling Way
Borehamwood
WD6 2BW





REGISTERED NUMBER: 13616936 (England and Wales)





ACCOUNTANTS: Arithma LLP
Chartered Certified Accountants
5 Jardine House
Harrovian Business Village
Bessborough Road
Harrow
Middlesex
HA1 3EX

DYNASTY ESTATES PROPERTY HOLDINGS
LIMITED (REGISTERED NUMBER: 13616936)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 16,640 22,186
Investment property 5 6,374,386 6,374,386
6,391,026 6,396,572

CURRENT ASSETS
Debtors 6 451,369 438,384
Cash at bank 63,515 4,974
514,884 443,358
CREDITORS
Amounts falling due within one year 7 (1,508,799 ) (1,464,624 )
NET CURRENT LIABILITIES (993,915 ) (1,021,266 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,397,111

5,375,306

CREDITORS
Amounts falling due after more than one
year

8

(4,113,414

)

(4,112,950

)

PROVISIONS FOR LIABILITIES (518,135 ) (518,135 )
NET ASSETS 765,562 744,221

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 9 1,554,406 1,554,406
Retained earnings (788,944 ) (810,285 )
765,562 744,221

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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.

DYNASTY ESTATES PROPERTY HOLDINGS
LIMITED (REGISTERED NUMBER: 13616936)

BALANCE SHEET - continued
31 MARCH 2024


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:





H Shah - Director


DYNASTY ESTATES PROPERTY HOLDINGS
LIMITED (REGISTERED NUMBER: 13616936)

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


1. STATUTORY INFORMATION

Dynasty Estates Property Holdings Limited 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.

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.
Plant and machinery etc - 25% on reducing balance

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 NIL (2023 - NIL).

DYNASTY ESTATES PROPERTY HOLDINGS
LIMITED (REGISTERED NUMBER: 13616936)

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


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 30,954
DEPRECIATION
At 1 April 2023 8,768
Charge for year 5,546
At 31 March 2024 14,314
NET BOOK VALUE
At 31 March 2024 16,640
At 31 March 2023 22,186

5. INVESTMENT PROPERTY
Total
£   
COST OR VALUATION
At 1 April 2023
and 31 March 2024 6,374,386
NET BOOK VALUE
At 31 March 2024 6,374,386
At 31 March 2023 6,374,386

Cost or valuation at 31 March 2024 is represented by:
£   
Valuation in 2023 2,072,541
Cost 4,301,845
6,374,386

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 31,735 28,889
Other debtors 419,634 409,495
451,369 438,384

DYNASTY ESTATES PROPERTY HOLDINGS
LIMITED (REGISTERED NUMBER: 13616936)

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


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 158,872 16,088
Other creditors 1,349,927 1,448,536
1,508,799 1,464,624

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 4,113,414 4,112,950

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loan 4,113,414 4,112,950

The bank loan is secured over the company's investment property portfolio.

9. RESERVES
Fair
value
reserve
£   
At 1 April 2023
and 31 March 2024 1,554,406

10. RELATED PARTY DISCLOSURES

Other creditors include interest bearing loans of £1,302,895 (2023 - £1,352,895) from the directors and their family members. Debtors include £300,000 (2023: nil) due from Dynasty Estates Limited in which Hiten Shah and Bhavin Shah are directors. The loan is interest bearing and repayable on demand.