Dilniy Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 9767572

Dilniy Limited

Filleted Unaudited Financial Statements

30 September 2024

Dilniy Limited

Statement of Financial Position

30 September 2024

	2024	2023
Note	£	£

Fixed assets

Tangible assets	5	2,847,636	2,847,636

Current assets

Debtors	6	1,864	366
Cash at bank and in hand		30,634	15,849
		--------	--------
		32,498	16,215

Creditors: amounts falling due within one year	7	51,764	41,212
		--------	--------
Net current liabilities		19,266	24,997
		------------	------------
Total assets less current liabilities		2,828,370	2,822,639

Creditors: amounts falling due after more than one year	8	2,752,118	2,793,138
		------------	------------
Net assets		76,252	29,501
		------------	------------

Capital and reserves

Called up share capital	9	100	100
Profit and loss account	10	76,152	29,401
		--------	--------
Shareholders funds		76,252	29,501
		--------	--------

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 30 September 2024 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 .

Dilniy Limited

Statement of Financial Position (continued)

30 September 2024

These financial statements were approved by the board of directors and authorised for issue on 21 July 2025 , and are signed on behalf of the board by:

Dr P A Shah

Director

Company registration number: 9767572

Dilniy Limited

Notes to the Financial Statements

Year ended 30 September 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 2nd Floor, 159a Chase Side, Enfield, Middlesex, EN2 0PW, United Kingdom.

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. Employees

The company had no employees during the year other than the directors.

4. Accounting policies

(a) Accounting convention

The accounts have been prepared under the historical cost convention as modified by the revaluation of investment properties, and in compliance with the provisions of the Small Companies and Groups (Accounts and Directors’ Report) Regulations 2008 (SI2008/409) and Financial Reporting Standard 102 Section 1A.

(b) Deferred taxation

Deferred tax is recognised by making provision, at current rates, for all timing differences that have originated but not reversed by the balance sheet date. Timing differences arise where income or expenditure is added or deducted for tax purposes in a different accounting period to that in which it is added or deducted for accounts purposes.

(c) Turnover

Turnover represents rents receivable from investment properties let, and furnished holiday accommodation provided, during the year.

(d) Investment properties and depreciation

Investment properties are included in the balance sheet at their open market value at the balance sheet date. Changes in market value are credited or charged to the profit and loss account and taken to the non-distributable investment revaluation reserve. Depreciation is not provided on investment properties. This treatment is a departure from the requirements of the Companies Act concerning depreciation of fixed assets. However, the properties are held for investment purposes and the director considers that systematic annual depreciation would be inappropriate. The accounting policy adopted is therefore necessary for the accounts to give a true and fair view. Depreciation is only one of the many factors reflected in the annual valuation and the amount which might otherwise have been shown cannot be separately identified or quantified.

5. Tangible assets

	Freehold property	Long leasehold property	Total
	£	£	£
Cost
At 1 October 2023 and 30 September 2024	265,440	2,582,196	2,847,636
	---------	------------	------------
Depreciation
At 1 October 2023 and 30 September 2024	–	–	–
	---------	------------	------------
Carrying amount
At 30 September 2024	265,440	2,582,196	2,847,636
	---------	------------	------------
At 30 September 2023	265,440	2,582,196	2,847,636
	---------	------------	------------

In the opinion of the directors, the values of the company's investment properties at the balance sheet date were not materially different to their cost. The book value of the properties stated on the historical cost basis amounted to £2,847,636 (2023 - £2,847,636) at the balance sheet date. Properties with an aggregate value of £1,239,036 (2023 - £2,152,926) are provided as security for the mortgage loans referred to below.

6. Debtors

	2024	2023
	£	£
Other debtors	1,864	366
	-------	----

7. Creditors: amounts falling due within one year

	2024	2023
	£	£
Director’s current account ( Dr P A Shah)	–	5,232
Other creditors	51,764	35,980
	--------	--------
	51,764	41,212
	--------	--------

8. Creditors: amounts falling due after more than one year

	2024	2023
	£	£
Bank loans and overdrafts	974,118	1,393,138
Shareholders’ loans: Dr P A Shah (director)	700,000	700,000
Shareholders’ loans: Dr P Shah (director)	700,000	700,000
Other creditors	378,000	–
	------------	------------
	2,752,118	2,793,138
	------------	------------

9. Called up share capital

	2024	2023
	£	£
Allotted, called up and fully paid: 100 ordinary shares of £1 each	100	100

10. Profit and loss account

	2024	2023
	£	£
Accumulated profits brought forward	29,401	3,076
Profit for the financial year	46,751	26,325
	--------	--------
Accumulated profits carried forward	76,152	29,401
	--------	--------

11. Transactions involving directors

(i) The directors, who are shareholders of the company, have each made interest-free loans to the company in the amounts shown above, with no fixed repayment terms, except that they have agreed they will not seek repayment within twelve months of the balance sheet date.

(ii) The father of the director Dr P A Shah made a loan of £100,000 to the company on 15 June 2018. The loan bears interest at 5% per annum and has no fixed repayment terms, except that the lender has agreed that he will not seek repayment within twelve months of the balance sheet date. The interest charge for the year was £5,000 (2023 - £5,000).

(iii) During the year loans totalling £378,000 were extended to the company by APDP Limited, a company in which the directors have a significant interest as controlling shareholders. The loans bear interest at 3.5% per annum and have no fixed repayment terms, except that the lender has agreed that it will not seek repayment within twelve months of the balance sheet date. The interest charge for the year was £4,842.