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REGISTERED NUMBER: 09254462 (England and Wales)


















Dhanani Ventures Ltd

Unaudited Financial Statements

for the Year Ended 31 October 2024






Dhanani Ventures Ltd (Registered number: 09254462)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Dhanani Ventures Ltd

Company Information
for the Year Ended 31 October 2024







DIRECTORS: P Dhanani
K Dhanani





REGISTERED OFFICE: 2nd Floor
1 Bell Street
London
NW1 5BY





REGISTERED NUMBER: 09254462 (England and Wales)





ACCOUNTANTS: DSJ Partners (UK) Limited
2nd Floor
1 Bell Street
London
NW1 5BY

Dhanani Ventures Ltd (Registered number: 09254462)

Balance Sheet
31 October 2024

2024 2023
Notes £    £   
FIXED ASSETS
Investment property 4 941,491 1,416,145

CURRENT ASSETS
Debtors 5 6,793 8,663
Cash at bank 8,815 8,284
15,608 16,947
CREDITORS
Amounts falling due within one year 6 (306,442 ) (485,565 )
NET CURRENT LIABILITIES (290,834 ) (468,618 )
TOTAL ASSETS LESS CURRENT LIABILITIES 650,657 947,527

CREDITORS
Amounts falling due after more than one year 7 (689,294 ) (978,897 )
NET LIABILITIES (38,637 ) (31,370 )

CAPITAL AND RESERVES
Called up share capital 20 20
Retained earnings (38,657 ) (31,390 )
SHAREHOLDERS' FUNDS (38,637 ) (31,370 )

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

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

Dhanani Ventures Ltd (Registered number: 09254462)

Balance Sheet - continued
31 October 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 25 July 2025 and were signed on its behalf by:





K Dhanani - Director


Dhanani Ventures Ltd (Registered number: 09254462)

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


1. STATUTORY INFORMATION

Dhanani Ventures 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.

Going concern
The company had net current liabilities of £291,403 (2023: £469,618) at the year end.

On the basis that the directors have undertaken not to seek full repayment of their loan and will provide additional support if necessary to meet the company's liabilities as and when they fall due, the accounts have been prepared on a going concern basis.

Turnover
Turnover represents rents and other property income receivable for the year,net of value added taxes.

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).

Dhanani Ventures Ltd (Registered number: 09254462)

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


4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2023 1,416,145
Disposals (474,654 )
At 31 October 2024 941,491
NET BOOK VALUE
At 31 October 2024 941,491
At 31 October 2023 1,416,145

Historical costs of the investment properties were £941,491 (2023 : £1,416,145) . The investment properties were shown by their current market value.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 1,300
Deferred tax assets 6,793 7,363
6,793 8,663

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 290,996 469,166
Bank loan 10,312 10,056
Accrued expenses 5,134 6,343
306,442 485,565

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loan 689,294 978,897

8. SECURED DEBTS

Bank loan of £699,953 (2023 : £988,953) are secured against the value of the investment properties.

9. RELATED PARTY DISCLOSURES

During the year the company refunded £178,170 (2023: received £265,971) to its directors and shareholders. The loan is interest free and repayable on demand. At the year end, the amount repayable to them was £290,996 (2023 £469,166).