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Registered number: |
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Balance Sheet | |||||||
as at |
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Notes | 2019 | 2018 | |||||
£ | £ | ||||||
Fixed assets | |||||||
Investments | 4 |
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Current assets | |||||||
Debtors | 6 |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year | 7 | ( |
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Net current assets |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year | 8 | ( |
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Provisions for liabilities | 10 | ( |
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Net assets |
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Capital and reserves | |||||||
Called up share capital |
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Revaluation reserve | 11 |
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Profit and loss account | ( |
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Shareholders' funds | 12 |
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Mr Dilharlal Devraj Shah | |||||||
Director | |||||||
Approved by the board on |
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Notes to the Accounts | ||||||||
for the year ended |
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1 | Accounting policies | |||||||
Basis of preparation | ||||||||
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Turnover | ||||||||
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Investment property | ||||||||
Investment property is included at fair value. Gains/losses are recognised in the profit and loss account. Deferred taxation is provided on these gains at the rates expected to apply when properties are sold. | ||||||||
Debtors | ||||||||
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Creditors | ||||||||
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Taxation | ||||||||
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Provisions | ||||||||
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2 | Employees | 2019 | 2018 | |||||
Number | Number | |||||||
Average number of persons employed by the company |
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3 | Taxation | 2019 | 2018 | |||||
£ | £ | |||||||
Corporation tax | 305 | 2,529 | ||||||
Deferred tax | 204,637 | - | ||||||
204,942 | 2,529 | |||||||
4 | Investments | |||||||
Investment | ||||||||
property | ||||||||
£ | ||||||||
Fair value | ||||||||
At 1 January 2019 |
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Additions |
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Revaluation |
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At 31 December 2019 |
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5 | Investment property schedule | |||||||
36 The Broadway |
291 Station Road |
Total | ||||||
Greenford UB6 9PT |
Harrow HA1 2TA |
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£ | £ | £ | ||||||
Cost brought forward | 494,282 | 738,938 | 1,233,220 | |||||
Revaluation brought forward | 1,125,718 | 111,062 | 1,236,780 | |||||
Fair value brought forward | 1,620,000 | 850,000 | 2,470,000 | |||||
Current year additions | 10,887 | 10,887 | ||||||
Current year revaluation | 19,113 | 19,113 | ||||||
Fair value carried forward | 1,650,000 | 850,000 | 2,500,000 | |||||
6 | Debtors | 2019 | 2018 | |||||
£ | £ | |||||||
Trade debtors | - |
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Amounts owed by associated companies |
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Other debtors | - |
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7 | Creditors: amounts falling due within one year | 2019 | 2018 | |||||
£ | £ | |||||||
Bank loans and overdrafts |
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Amounts owed to Associated companies |
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Taxation and social security costs |
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Directors Account | 52,426 | 625,547 | ||||||
Other creditors |
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8 | Creditors: amounts falling due after one year | 2019 | 2018 | |||||
£ | £ | |||||||
Bank loans |
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9 | Loans | 2019 | 2018 | |||||
£ | £ | |||||||
Creditors include: | ||||||||
Secured bank loans | 1,613,987 | 1,146,342 | ||||||
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10 | Deferred tax | 2019 | 2018 | |||||
£ | £ | |||||||
Deferred tax - Charged to the profit and loss account | 204,637 | - | ||||||
204,637 | - | |||||||
11 | Revaluation reserve | 2019 | 2018 | |||||
£ | £ | |||||||
At 1 January 2019 |
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Gain on revaluation of investment property |
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At 31 December 2019 |
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12 | Distributable reserves | 2019 | 2018 | |||||
£ | £ | |||||||
Distributable reserves | (71,642) | 86,755 | ||||||
Non-distributable reserves | 1,255,893 | 1,236,780 | ||||||
1,184,251 | 1,323,535 | |||||||
13 | Related party transactions | |||||||
Dilton Discount Store Ltd: £36,000 (2018: Nil) Dilton Stores Ltd: £540,000 (2018: £550,000) Included in other creditors are the following amounts due to related companies by virtue of common directorship and in which the directors' hold a material interest: Magitron Ltd: £13,917 (2018: £13,917) There are no terms as to interest or repayment in respect of the above amounts due to/from the company. |
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14 | Other information | |||||||
Double Value Limited is a private company limited by shares and incorporated in England. Its registered office is: | ||||||||
Laxmi House | ||||||||
2-b Draycott Avenue | ||||||||
Kenton Harrow | ||||||||
Middlesex | ||||||||
HA3 0BU |