REGISTERED NUMBER: 11066109 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 November 2024

for

Deol'S Sons Ltd

Page

Balance Sheet

1

Notes to the Financial Statements

3

Fixed assets

Tangible assets

4

1,624,164

971,722

Current assets

Debtors

5

84,848

84,848

Cash at bank

10,320

2,209

95,168

87,057

Creditors

Amounts falling due within one year

6

(536,219

)

(232,757

)

Net current liabilities

(441,051

)

(145,700

)

Total assets less current liabilities

1,183,113

826,022

Creditors

Amounts falling due after more than one year

7

(1,038,334

)

(681,184

)

Provisions for liabilities

9

(28,500

)

(28,500

)

Net assets

116,279

116,338

Capital and reserves

Called up share capital

100

100

Revaluation reserve

10

150,000

150,000

Retained earnings

10

(33,821

)

(33,762

)

Shareholders' funds

116,279

116,338

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 November 2025 and were signed by:

Shahid Latif - Director

1.	Statutory information

Deol'S Sons Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

11066109

Registered office:

Marshall House, Suite 21-25

124 Middleton Road

Morden

SM4 6RW

2.	Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3.	Employees and directors

The average number of employees during the year was NIL (2023 - NIL).

4.	Tangible fixed assets

Freehold

property

£

Cost

At 1 December 2023

971,722

Additions

652,442

At 30 November 2024

1,624,164

Net book value

At 30 November 2024

1,624,164

At 30 November 2023

971,722

5.

Debtors: amounts falling due within one year

30.11.24

30.11.23

£

£

Other debtors

84,848

84,848

6.

Creditors: amounts falling due within one year

30.11.24

30.11.23

£

£

Bank loans and overdrafts (see note 8)

8,545

22,341

Other creditors

526,924

206,216

Accrued expenses

750

4,200

536,219

232,757

7.

Creditors: amounts falling due after more than one year

30.11.24

30.11.23

£

£

Bank loans (see note 8)

1,038,334

681,184

8.

Loans

An analysis of the maturity of loans is given below:

30.11.24

30.11.23

£

£

Amounts falling due within one year or on demand:

Bank loans < 1 year

8,545

22,341

30.11.24

30.11.23

£

£

Amounts falling due between one and two years:

Bank loans > 1 year

1,038,334

681,184

9.	Provisions for liabilities

30.11.24

30.11.23

£

£

Deferred tax

28,500

28,500

Deferred tax

£

Balance at 1 December 2023

Prior year adjustment

28,500

As restated

28,500

Balance at 30 November 2024

28,500

10.

Reserves

Retained

Revaluation

earnings

reserve

Totals

£

£

£

At 1 December 2023

(33,762

)

150,000

116,238

Deficit for the year

(59

)

(59

)

At 30 November 2024

(33,821

)

150,000

116,179