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REGISTERED NUMBER: 06324851 (England and Wales)















Unaudited Financial Statements

for the Year Ended

31 July 2024

for

Dewanis Limited

Dewanis Limited (Registered number: 06324851)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Dewanis Limited

Company Information
for the Year Ended 31 July 2024







DIRECTOR: R K Dewani





SECRETARY: Mrs S Dewani





REGISTERED OFFICE: Coronation Parade
42 Cannon Lane
Pinner
Middlesex
HA5 1HW





REGISTERED NUMBER: 06324851 (England and Wales)






Dewanis Limited (Registered number: 06324851)

Balance Sheet
31 July 2024

31/7/24 31/7/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 7,136 684

CURRENT ASSETS
Debtors 6 52,452 53,823
Cash at bank and in hand 14,491 35,893
66,943 89,716
CREDITORS
Amounts falling due within one year 7 56,286 55,972
NET CURRENT ASSETS 10,657 33,744
TOTAL ASSETS LESS CURRENT LIABILITIES 17,793 34,428

CREDITORS
Amounts falling due after more than one year 8 (6,642 ) (14,554 )

PROVISIONS FOR LIABILITIES 10 (1,356 ) (171 )
NET ASSETS 9,795 19,703

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 9,695 19,603
SHAREHOLDERS' FUNDS 9,795 19,703

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

The members have not required the Company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 April 2025 and were signed by:




R K Dewani - Director


Dewanis Limited (Registered number: 06324851)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Dewanis 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents Fee income recoverable from clients for professional services provided during the period. It is measured at the fair value of consideration received or receivable from clients, including expenses and disbursements but excluding Value Added Tax. Fee income is recognised when the amount can be reliably measured and it is probable that future economic benefits will flow.

Turnover is recognised in the period in which services are rendered by reference to the stage of completion, which is assessed on actual services provided as a proportion of total services to be provided.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Leasehold property - Straight line over the lease term
Furniture fixtures & fittings - 25% on cost
Office equipment - 33.33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Dewanis Limited (Registered number: 06324851)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

3. ACCOUNTING POLICIES - continued

Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to and from related parties.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Income statement.

Going concern
The company meets its day-to-day working capital requirements through careful management of its working capital positions. After making enquiries, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 5 ) .

5. TANGIBLE FIXED ASSETS
Furniture
Leasehold fixtures Office
property & fittings equipment Totals
£    £    £    £   
COST
At 1 August 2023 19,932 35,761 39,283 94,976
Additions - - 10,671 10,671
At 31 July 2024 19,932 35,761 49,954 105,647
DEPRECIATION
At 1 August 2023 19,932 35,719 38,641 94,292
Charge for year - 21 4,198 4,219
At 31 July 2024 19,932 35,740 42,839 98,511
NET BOOK VALUE
At 31 July 2024 - 21 7,115 7,136
At 31 July 2023 - 42 642 684

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/7/24 31/7/23
£    £   
Trade debtors 15,595 17,938
Other debtors 36,857 35,885
52,452 53,823

Dewanis Limited (Registered number: 06324851)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/7/24 31/7/23
£    £   
Bank loans and overdrafts 8,025 8,113
Trade creditors 23,350 18,296
Taxation and social security 12,247 17,112
Other creditors 12,664 12,451
56,286 55,972

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31/7/24 31/7/23
£    £   
Bank loans 6,642 14,554

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31/7/24 31/7/23
£    £   
Within one year 15,000 15,000
Between one and five years 10,625 25,625
25,625 40,625

10. PROVISIONS FOR LIABILITIES
31/7/24 31/7/23
£    £   
Deferred tax 1,356 171

Deferred
tax
£   
Balance at 1 August 2023 171
Accelerated capital allowances 1,185
Balance at 31 July 2024 1,356

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/7/24 31/7/23
value: £    £   
100 Ordinary £1 100 100

Dewanis Limited (Registered number: 06324851)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2024 and 31 July 2023:

31/7/24 31/7/23
£    £   
R K Dewani
Balance outstanding at start of year - -
Amounts advanced - 5,164
Amounts repaid - (5,164 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

The above balances were interest free and were repayable on demand.

13. RELATED PARTY DISCLOSURES

Creditors include £2,883 (2023: £2,124) due to a Director. The amount due was interest free and repayable on demand.