Dimplex Developments Ltd - Accounts

Dimplex Developments Ltd - Accounts

DIMPLEX DEVELOPMENTS LTD - Company Information

Print Friendly Version

2018-09-01 2019-08-31 false Capium Accounts Production 1.1 08653474 bus:AbridgedAccounts 2018-09-01 2019-08-31 08653474 bus:FRS102 2018-09-01 2019-08-31 08653474 bus:AuditExemptWithAccountantsReport 2018-09-01 2019-08-31 08653474 bus:SmallCompaniesRegimeForAccounts 2018-09-01 2019-08-31 08653474 bus:PrivateLimitedCompanyLtd 2018-09-01 2019-08-31 08653474 2018-09-01 2019-08-31 08653474 2019-08-31 08653474 bus:RegisteredOffice 2018-09-01 2019-08-31 08653474 core:WithinOneYear 2019-08-31 08653474 core:AfterOneYear 2019-08-31 08653474 bus:Director1 2018-09-01 2019-08-31 08653474 bus:Director1 2019-08-31 08653474 bus:Director1 2017-09-01 2018-08-31 08653474 bus:Director2 2018-09-01 2019-08-31 08653474 bus:Director2 2019-08-31 08653474 bus:Director2 2017-09-01 2018-08-31 08653474 bus:Director3 2018-09-01 2019-08-31 08653474 bus:Director3 2019-08-31 08653474 bus:Director3 2017-09-01 2018-08-31 08653474 bus:Director4 2018-09-01 2019-08-31 08653474 bus:Director4 2019-08-31 08653474 bus:Director4 2017-09-01 2018-08-31 08653474 bus:Director5 2018-09-01 2019-08-31 08653474 bus:Director5 2019-08-31 08653474 bus:Director5 2017-09-01 2018-08-31 08653474 2017-09-01 08653474 bus:CompanySecretary1 2018-09-01 2019-08-31 08653474 bus:LeadAgentIfApplicable 2018-09-01 2019-08-31 08653474 2017-09-01 2018-08-31 08653474 2018-08-31 08653474 core:WithinOneYear 2018-08-31 08653474 core:AfterOneYear 2018-08-31 08653474 bus:EntityAccountantsOrAuditors 2017-09-01 2018-08-31 08653474 bus:OrdinaryShareClass1 2018-09-01 2019-08-31 08653474 bus:OrdinaryShareClass1 2019-08-31 08653474 bus:OrdinaryShareClass1 2017-09-01 2018-08-31 08653474 bus:OrdinaryShareClass1 2018-08-31 08653474 core:LandBuildings 2018-09-01 2019-08-31 08653474 core:LandBuildings 2019-08-31 08653474 core:LandBuildings 2018-08-31 08653474 core:FurnitureFittings 2018-09-01 2019-08-31 08653474 core:FurnitureFittings 2019-08-31 08653474 core:FurnitureFittings 2018-08-31 08653474 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2019-08-31 08653474 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2018-08-31 08653474 core:CostValuation core:Non-currentFinancialInstruments 2019-08-31 08653474 core:CostValuation core:Non-currentFinancialInstruments 2018-08-31 08653474 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2019-08-31 08653474 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2019-08-31 08653474 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2019-08-31 08653474 core:Non-currentFinancialInstruments 2019-08-31 08653474 core:Non-currentFinancialInstruments 2018-08-31 08653474 core:ShareCapital 2019-08-31 08653474 core:ShareCapital 2018-08-31 08653474 core:RetainedEarningsAccumulatedLosses 2019-08-31 08653474 core:RetainedEarningsAccumulatedLosses 2018-08-31 08653474 dpl:Item1 2018-09-01 08653474 dpl:Item1 2019-08-31 08653474 dpl:Item1 2017-09-01 08653474 dpl:Item1 2018-08-31 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: 08653474
England and Wales

 

 

 

DIMPLEX DEVELOPMENTS LTD


Abridged Accounts
 


Period of accounts

Start date: 01 September 2018

End date: 31 August 2019

Dimplex Developments Ltd
Contents Page
For the year ended 31 August 2019
Accountants report You consider that the company is exempt from an audit for the year ended 31 August 2019 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year. In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us. We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts. 



....................................................
Akhters Limited
163 Castle Boulevard
Nottingham
Nottinghamshire
NG7 1FJ
30 August 2020
1
 
 		 Notes
 		 2019
£		   2018
£
Fixed assets      
Tangible fixed assets 2 2,796,131    2,797,860 
2,796,131    2,797,860 
Current assets      
Debtors: amounts falling due after one year 205,000    0 
Creditors: amount falling due within one year (30,551)   (3,761)
Net current assets 174,449    (3,761)
 
Total assets less current liabilities 2,970,580    2,794,099 
Creditors: amount falling due after more than one year (2,256,462)   (2,223,032)
Net assets 714,118    571,067 
 

Capital and reserves 		     
Called up share capital 3 200    200 
Profit and loss account 713,918    570,867 
Shareholders funds 714,118    571,067 
 


For the year ended 31 August 2019 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with Section 476
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts
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 the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006 the profit and loss account has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 30 August 2020 and were signed on its behalf by:


--------------------------------
Mr Sagheer Akhter
Director
2
General Information
Dimplex Developments Ltd is a private company, limited by shares , registered in England and Wales , registration number 08653474 , registration address 163 Castle Boulevard, Nottingham, Nottinghamshire, NG7 1FJ .
1.

Accounting policies

Significant accounting policies
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)
Rents Received
Rent received comprises the value of services supplied by the company.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and Buildings 2% Straight Line
Fixtures and Fittings 20% Reducing Balance
Investment properties
Investment properties are included in the balance sheet at their open market value at the balance sheet date. The resulting aggregate surplus or deficit is transferred to a revaluation reserve. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years.
Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors compliance with the standard is necessary for the balance sheet to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.
2.

Tangible fixed assets

Cost or valuation Land and Buildings   Fixtures and Fittings   Total
  £   £   £
At 01 September 2018 2,788,256    17,660    2,805,916 
Additions -    -    - 
Disposals -    -    - 
At 31 August 2019 2,788,256    17,660    2,805,916 
Depreciation
At 01 September 2018 -    8,056    8,056 
Charge for year -    1,729    1,729 
On disposals -    -    - 
At 31 August 2019 -    9,785    9,785 
Net book values
Closing balance as at 31 August 2019 2,788,256    7,875    2,796,131 
Opening balance as at 01 September 2018 2,788,256    9,604    2,797,860 


3.

Share Capital

Allotted
2019
£		   2018
£
200 Ordinary shares of £1.00 each 200    200 
200    200 

4.

Average No of Employees

The average number of employess during the year was 5 (2018: 5).

5.

Related parties

During the year the company entered into the following transactions with related parties:
Transaction value Balance owed by/(owed to)
2019
£		 2018
£		 2019
£		 2018
£
Medina Ltd205,000 0 205,000 0 
Clifton View Ltd(200,000)(200,000)(676,486)(12,768)
Medina View Limited0 0 (417,000)(417,000)


Medina Ltd
The directors Mr S Akhter, Mrs S Akhtar, Mr S Mahmood and Mrs S Snuber are also directors of Medina Ltd. During the year the company made an interest free loan of £205,000 to Medina Ltd, repayable on demand.

Clifton View Ltd
The directors and shareholders are also directors and shareholders of Dimplex Developments Ltd. During the year the company received rents from Clifton View Ltd on normal commercial terms. During the year the company received interest free loans amounting to £663,718 from Dimplex Developments Ltd, repayable on demand.

Medina View Limited
The directors Mr S Akhter, Mrs S Akhtar, Mr S Mahmood and Mrs S Snuber are also directors of Medina View Limited. At the balance sheet date, the company owed an interest free loan of £417,000 to Medina Ltd, repayable on demand.
3