Dhillon Rental Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 12507272

Dhillon Rental Ltd

Filleted Unaudited Financial Statements

31 March 2025

Dhillon Rental Ltd

Statement of Financial Position

31 March 2025

	2025	2024
Note	£	£

Fixed assets

Intangible assets	5	1	1

Current assets

Debtors	6	200,000	–
Investments	7	3,493,863	–
Cash at bank and in hand		111,081	4,000,189
		------------	------------
		3,804,944	4,000,189

Creditors: amounts falling due within one year	8	4,538	73,570
		------------	------------
Net current assets		3,800,406	3,926,619
		------------	------------
Total assets less current liabilities		3,800,407	3,926,620
		------------	------------
Net assets		3,800,407	3,926,620
		------------	------------

Capital and reserves

Called up share capital	1,000	1,000
Share premium account	3,584,752	3,584,752
Profit and loss account	214,655	340,868
	------------	------------
Shareholders funds	3,800,407	3,926,620
	------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

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.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Dhillon Rental Ltd

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 15 September 2025 , and are signed on behalf of the board by:

Mr Atma Singh Dhillon	Mrs Jasminder Dhillon
Director	Director

Company registration number: 12507272

Dhillon Rental Ltd

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Peak Stones 54 Nottingham Road, Ravenshead, Nottingham, Nottinghamshire, NG15 9HH.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2024: 2 ).

5. Intangible assets

	Goodwill
	£
Cost
At 1 April 2024 and 31 March 2025	1
	----
Amortisation
At 1 April 2024 and 31 March 2025	–
	----
Carrying amount
At 31 March 2025	1
	----
At 31 March 2024	1
	----

6. Debtors

	2025	2024
	£	£
Other debtors	200,000	–
	---------	----

7. Investments

	2025	2024
	£	£
Other investments - Coutts & Co	1,500,000	–
Other investments - Insignis	1,001,273	–
Other investments - Nucleas Financial GIA Account	992,590	–
	------------	----
	3,493,863	–
	------------	----

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Corporation tax	1,937	66,383
Other creditors	2,601	7,187
	-------	--------
	4,538	73,570
	-------	--------

9. Directors' advances, credits and guarantees

During the year the directors entered into the following advances and credits with the company:

	Balance brought forward and outstanding
	2025	2024
	£	£
Mr Atma Singh Dhillon	( 101)	( 2,394)
Mrs Jasminder Dhillon	( 100)	( 2,393)
	----	-------
	( 201)	( 4,787)
	----	-------

10. Related party transactions

Included in the other debtors is £200,000 (2024 - £Nil) owed by the directors Mr AS Dhillon and Mrs J Dhillon. This loan is repayable within 9 months of the balance sheet date and subject to interest accrued at 2.25%.