| DNS Property Holdings Limited |
| Registered number: |
11121127 |
| Balance Sheet |
| as at 31 December 2024 |
|
| Notes |
|
|
2024 |
|
|
2023 |
| £ |
£ |
| Fixed assets |
| Investments |
3 |
|
|
5,299,517 |
|
|
5,299,517 |
|
| Current assets |
| Debtors |
4 |
|
217,141 |
|
|
170,500 |
| Cash at bank and in hand |
|
|
7,768 |
|
|
7,768 |
|
|
|
224,909 |
|
|
178,268 |
|
| Creditors: amounts falling due within one year |
5 |
|
(4,237,775) |
|
|
(4,279,004) |
|
| Net current liabilities |
|
|
|
(4,012,866) |
|
|
(4,100,736) |
|
| Total assets less current liabilities |
|
|
|
1,286,651 |
|
|
1,198,781 |
|
|
| Provisions for liabilities |
|
|
|
(56,604) |
|
|
(56,604) |
|
|
| Net assets |
|
|
|
1,230,047 |
|
|
1,142,177 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
100 |
|
|
100 |
| Profit and loss account |
|
|
|
1,229,947 |
|
|
1,142,077 |
|
| Shareholders' funds |
|
|
|
1,230,047 |
|
|
1,142,177 |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| Mr Dinesh Parshottam Sajnani |
| Director |
| Approved by the board on 19 September 2025 |
|
| DNS Property Holdings Limited |
| Notes to the Accounts |
| for the year ended 31 December 2024 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
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 as rent receivable on the investment property of the company. |
|
|
Investment property |
|
Investment properties are held to earn rental income and/or for capital appreciation. Investment properties are initially measured at cost, including transaction costs. Subsequently investment properties whose fair value can be measured reliably without undue cost or effort on a ongoing basis are measured at a fair value. Gains and losses arising from changes in the fair value of investment properties are included in the profit or loss in the period in which they arise. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only 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 and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
|
|
Provisions |
|
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
|
|
| 2 |
Employees |
2024 |
|
2023 |
| Number |
Number |
|
|
Average number of persons employed by the company |
2 |
|
2 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Investments |
|
| Investment |
| property |
| £ |
|
Cost |
|
At 1 January 2024 |
5,299,517 |
|
|
At 31 December 2024 |
5,299,517 |
|
|
|
|
|
|
|
|
|
|
Historical cost |
|
At 1 January 2024 |
3,202,080 |
|
At 31 December 2024 |
3,202,080 |
|
|
|
|
|
|
|
|
|
|
The freehold investment property has been included in the accounts at a fair value.The valuation is provided by the directors. |
|
|
| 4 |
Debtors |
2024 |
|
2023 |
| £ |
£ |
|
|
Other debtors |
217,141 |
|
170,500 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2024 |
|
2023 |
| £ |
£ |
|
|
Trade creditors |
750 |
|
773 |
|
Taxation and social security costs |
45,630 |
|
86,837 |
|
Other creditors |
4,076,395 |
|
4,076,394 |
|
Directors loan account |
115,000 |
|
115,000 |
|
|
|
|
|
|
4,237,775 |
|
4,279,004 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Related party transactions |
|
|
Included in other debtors is the amount of £425,719 (2023: £169,513) is due from V-Tac (UK) Limited, a company in which Mr Satish Parshottam Sajnani is a director of this company.
Included in other creditors is the amount of £2,891,700 (2023: £2,891,700) is due to V-Tac Technologies DMCC, a company registered in Dubai in which Mr Satish Parshottam Sajnani is a director of this company. |
|
|
| 7 |
Other information |
|
|
DNS Property Holdings Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
Unit 5a, Tungsten Park Colletts Way |
|
Downs Road |
|
Witney |
|
Oxford |
|
OX29 0AX |