Registered number
08816379
DBK INVESTMENTS LTD
Filleted Accounts
30 June 2024
DBK INVESTMENTS LTD
Registered number: 08816379
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 5,875,000 5,875,000
Current assets
Debtors 4 392,756 444,750
Cash at bank and in hand 145,524 555,547
538,280 1,000,297
Creditors: amounts falling due within one year 5 (1,437,656) (2,103,446)
Net current liabilities (899,376) (1,103,149)
Total assets less current liabilities 4,975,624 4,771,851
Creditors: amounts falling due after more than one year 6 (2,573,700) (2,373,700)
Provisions for liabilities (514,083) (514,083)
Net assets 1,887,841 1,884,068
Capital and reserves
Called up share capital 120 120
Revaluation reserve 8 1,542,248 1,542,248
Profit and loss account 345,473 341,700
Shareholders' funds 1,887,841 1,884,068
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Kabaljit Singh SANDHU
Director
Approved by the board on 18 March 2025
DBK INVESTMENTS LTD
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes (if applicable). Turnover represents the value of rent receivable.
Investment properties
Investment properties are revalued annually and the aggregate surplus or deficit is transferred to revaluation reserve. No depreciation is provided in respect of investment properties.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Investment properties
Land and buildings
£
Cost
At 1 July 2023 5,875,000
At 30 June 2024 5,875,000
Depreciation
At 30 June 2024 -
Net book value
At 30 June 2024 5,875,000
At 30 June 2023 5,875,000
Freehold land and buildings: 2024 2023
£ £
Historical cost 3,818,669 3,818,669
Cumulative depreciation based on historical cost - -
3,818,669 3,818,669
The investment properties were measured for fair value by the directors, and in their opinion the
fair value of the investment property is fairly stated.
4 Debtors 2024 2023
£ £
Other debtors 392,756 444,750
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 5,500 5,500
Trade creditors 52,784 28,339
Taxation and social security costs 15,867 14,981
Directors' loan account 349,083 470,290
Other creditors 1,014,422 1,584,336
1,437,656 2,103,446
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 2,573,700 2,373,700
7 Loans 2024 2023
£ £
Creditors include:
Secured bank loans 2,379,200 2,394,825
The bank loan is secured by first charge over the freehold land and buildings held by the company.
8 Revaluation reserve 2024 2023
£ £
At 1 July 2023 1,542,248 1,542,248
At 30 June 2024 1,542,248 1,542,248
9 Related party transactions
Other debtors include £23,100 (2023: Nil) unsecured loan to AJ Properties London Ltd, a company incorporated in Engaland and Wales with common control.

Other creditors include £1,046,271 (2023:£1,037,918) unsecured loan from DBK Lettings Ltd; £202,965 (2023: £177,965) from DBK Estate Agents Ltd; £Nil (2023: £192,500) from AJ Properties London Ltd; and £230,000 (2023: £ £180,000l) from Larchguild Ltd. DBK Lettings Ltd, DBK Estate Agents Ltd, and AJ Properties Ltd are jointly controlled by directors Mr K S Sandhu, Mrs N K Sandhu and Mr J S Sandhu by virtue of their 75% or more shareholdings and Mr K S Sandhu and Mr J S Sandhu are directors. Larchguild Ltd is jointly controlled by one of the family member of Mr KS Sandhu and Mr Sandhu's associate and Mr K S Sandhu is a director in the company.
10 Controlling party
The company is under the control of its director Mr K S Sandhu.
11 Other information
DBK INVESTMENTS LTD is a private company limited by shares and incorporated in England. Its registered office is:
65 Delamere Road
Hayes
Middlesex
UB4 0NN
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