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Registered number: 08021399
Dine India (London) Limited
Unaudited Financial Statements
For The Year Ended 30 September 2024
Lake & Co
Chartered Accountants
25a Kenton Park Parade
Kenton
Harrow
HA3 8DN
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08021399
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 848,631 798,863
848,631 798,863
CURRENT ASSETS
Stocks 5 6,471 -
Debtors 6 1,118,411 689,377
Cash at bank and in hand 208,478 49,106
1,333,360 738,483
Creditors: Amounts Falling Due Within One Year 7 (1,121,053 ) (236,692 )
NET CURRENT ASSETS (LIABILITIES) 212,307 501,791
TOTAL ASSETS LESS CURRENT LIABILITIES 1,060,938 1,300,654
Creditors: Amounts Falling Due After More Than One Year 8 (29,493 ) (73,373 )
PROVISIONS FOR LIABILITIES
Provisions For Charges (172,349 ) (175,726 )
NET ASSETS 859,096 1,051,555
CAPITAL AND RESERVES
Called up share capital 9 300 300
Profit and Loss Account 858,796 1,051,255
SHAREHOLDERS' FUNDS 859,096 1,051,555
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For the year ending 30 September 2024 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 Bharat Lakhani
Director
29/09/2025
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Dine India (London) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08021399 . The registered office is 39A Gordon Avenue, Stanmore, Middx, HA7 3QQ.
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:
Leasehold 2.5% reducing balance
Plant & Machinery 15% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 10% reducing balance
Computer Equipment 25% reducing balance
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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 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.
...CONTINUED
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2.5. Taxation - continued
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: 26 (2023: 26)
26 26
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 October 2023 752,618 32,449 31,292 247,520
Additions - - 88,527 23,715
As at 30 September 2024 752,618 32,449 119,819 271,235
Depreciation
As at 1 October 2023 132,734 16,170 13,690 109,859
Provided during the period 15,499 2,443 26,532 16,139
As at 30 September 2024 148,233 18,613 40,222 125,998
Net Book Value
As at 30 September 2024 604,385 13,836 79,597 145,237
As at 1 October 2023 619,884 16,279 17,602 137,661
Computer Equipment Total
£ £
Cost
As at 1 October 2023 13,695 1,077,574
Additions - 112,242
As at 30 September 2024 13,695 1,189,816
Depreciation
As at 1 October 2023 6,258 278,711
Provided during the period 1,861 62,474
As at 30 September 2024 8,119 341,185
Net Book Value
As at 30 September 2024 5,576 848,631
As at 1 October 2023 7,437 798,863
5. Stocks
2024 2023
£ £
Stock 6,471 -
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6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 449 -
Other debtors 1,117,962 689,377
1,118,411 689,377
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 113,353 40,277
Bank loans and overdrafts 43,866 40,000
Other creditors 946,865 50,857
Taxation and social security 16,969 105,558
1,121,053 236,692
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 29,493 73,373
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 300 300
10. Significant event during the year
In August 2023, the premises of the company suffered major flood damage as a result of an external mains burst pipe outside the premises. This pipe was not fully repaired by the service provider until October 2023 after which the company commenced its major refurbishment works to the entire premises. This work was fully completed in August 2024 at which time the restaurant opened having been fully shut for almost a year.
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