Halai DJK Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 10451407 (England and Wales)

Financial Statements

for the Year Ended 31 October 2023

for

Halai DJK Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr D N Patel

Mr J N Patel

Mr K N Patel

REGISTERED OFFICE:

94-96 Cromer Street

London

WC1H 8DD

REGISTERED NUMBER:

10451407 (England and Wales)

ACCOUNTANTS:

KBMD Limited

Chartered Certified Accountants

Maple House

382 Kenton Road

Harrow

Middlesex

HA3 9DP

FIXED ASSETS

Tangible assets

4

1,302,000

1,302,000

CURRENT ASSETS

Cash at bank

6,531

8,131

CREDITORS

Amounts falling due within one year

5

(32,507

)

(31,646

)

NET CURRENT LIABILITIES

(25,976

)

(23,515

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,276,024

1,278,485

CREDITORS

Amounts falling due after more than one year

6

(1,174,060

)

(1,180,052

)

NET ASSETS

101,964

98,433

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

100,964

97,433

SHAREHOLDERS' FUNDS

101,964

98,433

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 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 8 May 2024 and were signed on its behalf by:

Mr D N Patel - Director

1.	STATUTORY INFORMATION

Halai DJK 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.

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.

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.

Freehold property

-

Not depreciated

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 (2022 - NIL).

4.	TANGIBLE FIXED ASSETS

Freehold

property

£

COST

At 1 November 2022

and 31 October 2023

1,302,000

NET BOOK VALUE

At 31 October 2023

1,302,000

At 31 October 2022

1,302,000

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.23

31.10.22

£

£

Bank loans and overdrafts

19,992

19,992

Tax

808

4,420

Deposits held

4,000

4,000

Directors' current accounts

6,675

2,255

Accrued expenses

1,032

979

32,507

31,646

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.10.23

31.10.22

£

£

Bank loans

525,060

545,052

Directors' loan accounts

649,000

635,000

1,174,060

1,180,052

Amounts falling due in more than five years:

Repayable by instalments

Bank loans

525,060

545,052

7.	DEBENTURES

Habib Bank Zurich PLC has a fixed and floating charge over the property and undertaking of the company.