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Registered number: 11234019
Diamonds Inn 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: 11234019
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 30,000 30,000
Tangible Assets 5 39,255 26,122
69,255 56,122
CURRENT ASSETS
Debtors 6 148,301 150,412
Cash at bank and in hand 49,557 26,635
197,858 177,047
Creditors: Amounts Falling Due Within One Year 7 (67,320 ) (39,929 )
NET CURRENT ASSETS (LIABILITIES) 130,538 137,118
TOTAL ASSETS LESS CURRENT LIABILITIES 199,793 193,240
Creditors: Amounts Falling Due After More Than One Year 8 (10,199 ) (23,937 )
NET ASSETS 189,594 169,303
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 189,494 169,203
SHAREHOLDERS' FUNDS 189,594 169,303
Page 1
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 members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 RAHMAN
Director
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 Inn Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11234019 . The registered office is 2 Vyner Street, Haxby Road, 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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of .... years.
2.4. 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%
2.5. 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 year 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 asset reflects 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2024: 5)
5 5
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2024 30,000
As at 31 March 2025 30,000
Net Book Value
As at 31 March 2025 30,000
As at 1 April 2024 30,000
5. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 April 2024 49,750
Additions 13,133
As at 31 March 2025 62,883
Depreciation
As at 1 April 2024 23,628
As at 31 March 2025 23,628
Net Book Value
As at 31 March 2025 39,255
As at 1 April 2024 26,122
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors - 305
Prepayments and accrued income 4,263 -
4,263 305
Due after more than one year
Property Account. 40,973 51,042
Diamond Guest House 7,600 7,600
Diamond Villa 34,748 34,748
Diamond Lodge 60,717 56,717
144,038 150,107
148,301 150,412
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors (1 ) -
Corporation tax 3,129 11,526
VAT 5,647 6,197
Diamond Guest House cr 26,585 -
Accruals and deferred income 31,960 22,206
67,320 39,929
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Directors Loans (Long term liabilities - creditors > 1 year) 9,000 14,104
CBIL 1,199 9,833
10,199 23,937
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
10. Dividends
2025 2024
£ £
On equity shares:
Final dividend paid 5,000 -
Page 5