Duggal Holdings Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 14085450 (England and Wales)

DUGGAL HOLDINGS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 JANUARY 2025 TO 31 MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr V Duggal

Mr N Duggal

Mrs B Duggal

REGISTERED OFFICE:

Cash's Business Centre

1st Floor

228 Widdrington Road

Coventry

West Midlands

CV1 4PB

REGISTERED NUMBER:

14085450 (England and Wales)

ACCOUNTANTS:

Shah & Co (Accountants) Ltd

Chartered Certified Accountants

Cash's Business Centre

1st Floor

228 Widdrington Road

Coventry

West Midlands

CV1 4PB

FIXED ASSETS

Investments

4

1,913,143

CURRENT ASSETS

Debtors

5

75,520

-

Cash at bank

44

269

75,564

269

CREDITORS

Amounts falling due within one year

6

(956,400

)

(722,007

)

NET CURRENT LIABILITIES

(880,836

)

(721,738

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,032,307

1,191,405

CREDITORS

Amounts falling due after more than one
year

7

(1,161,890

)

(1,208,723

)

NET LIABILITIES

(129,583

)

(17,318

)

CAPITAL AND RESERVES

Called up share capital

150

Retained earnings

(129,733

)

(17,468

)

SHAREHOLDERS' FUNDS

(129,583

)

(17,318

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 24 November 2025 and were signed on its behalf by:

Mr N Duggal - Director

1.	STATUTORY INFORMATION

Duggal Holdings Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the period 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 period 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 period was NIL (2024 - NIL).

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2025

and 31 March 2025

1,913,143

NET BOOK VALUE

At 31 March 2025

1,913,143

At 31 December 2024

1,913,143

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.12.24

£

Other debtors

75,520

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.12.24

£

Bank loans and overdrafts (see note 8)

149,412

Trade creditors

-

47,210

Other creditors

806,988

525,385

956,400

722,007

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.3.25

31.12.24

£

Bank loans (see note 8)

1,161,890

1,208,723

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

265,418

312,251

8.

LOANS

An analysis of the maturity of loans is given below:

31.3.25

31.12.24

£

Amounts falling due within one year or on demand:

Bank loans

149,412

Amounts falling due between one and two years:

Bank loans - 1-2 years

149,412

31.3.25

31.12.24

£

Amounts falling due between two and five years:

Bank loans - 2-5 years

747,060

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

265,418

312,251

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.12.24

£

Bank loans

1,311,302

-

The bank loans are secured by way of a debenture over the company assets.

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included within the other creditors, the amount owed to the directors is £ 362,818 (2023 £ 336,017). These loans are interest free and with no fixed date of repayment.

11.	ULTIMATE CONTROLLING PARTY

The controlling party is there is no one controlling party.