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Registered number: 10425909
DIAMONDS VILLA LTD
Financial Statements
For The Year Ended 31 March 2025
Roy & Co
Chartered Certified Accountants
139 Wilbraham Road
Manchester
M14 7DS
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10425909
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 36,306 22,072
36,306 22,072
CURRENT ASSETS
Debtors 5 85,000 80,000
Cash at bank and in hand 28,184 53,560
113,184 133,560
Creditors: Amounts Falling Due Within One Year 6 (57,658 ) (60,048 )
NET CURRENT ASSETS (LIABILITIES) 55,526 73,512
TOTAL ASSETS LESS CURRENT LIABILITIES 91,832 95,584
Creditors: Amounts Falling Due After More Than One Year 7 10,972 (2,982 )
NET ASSETS 102,804 92,602
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 102,704 92,502
SHAREHOLDERS' FUNDS 102,804 92,602
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Page 2
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr MOHAMMED ISMAIL MIAH
Director
28 August 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
DIAMONDS VILLA LTD is a private company, limited by shares, incorporated in England & Wales, registered number 10425909 . The registered office is 2 Vyner Street, York, YO31 8HS.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 0
Fixtures & Fittings 15%
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2024: 5)
5 5
Page 3
Page 4
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Total
£ £ £
Cost
As at 1 April 2024 10,000 32,151 42,151
Additions 18,837 4,902 23,739
As at 31 March 2025 28,837 37,053 65,890
Depreciation
As at 1 April 2024 2,500 17,579 20,079
Provided during the period 6,584 2,921 9,505
As at 31 March 2025 9,084 20,500 29,584
Net Book Value
As at 31 March 2025 19,753 16,553 36,306
As at 1 April 2024 7,500 14,572 22,072
5. Debtors
2025 2024
£ £
Due within one year
Property Loan - 50,000
Due after more than one year
Diamond Lodge 35,000 30,000
Development Loan Dr 50,000 -
85,000 30,000
85,000 80,000
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 1 -
Corporation tax 4,595 8,038
VAT 4,661 9,313
Diamonds Inn 34,748 34,748
Accruals and deferred income 13,653 7,949
57,658 60,048
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Directors Loans (Long term liabilities - creditors > 1 year) (10,972 ) 2,982
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Page 5
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
9. Dividends
2025 2024
£ £
On equity shares:
Final dividend paid 5,000 10,000
Page 5