Dima International Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03188913 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 April 2019

for

Dima International Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J Raja

SECRETARY:

Jabaar Raja

REGISTERED OFFICE:

962 Eastern Avenue

Newbury Park

Ilford

Essex

IG2 7JD

REGISTERED NUMBER:

03188913 (England and Wales)

ACCOUNTANTS:

J Raja & Company

Chartered Certified Accountants

962 Eastern Avenue

Newbury Park

Ilford

Essex

IG2 7JD

BANKERS:

NatWest Bank

P O Box 3241

403 Bethnal Green Road

London

E2 0AL

FIXED ASSETS

Tangible assets

3

238

318

Investments

4

1

1

Investment property

5

2,293,925

2,288,925

2,294,164

2,289,244

CURRENT ASSETS

Stocks

6

46,035

-

Debtors

7

600,216

452,085

Cash at bank

58,884

35,285

705,135

487,370

CREDITORS

Amounts falling due within one year

8

271,702

77,678

NET CURRENT ASSETS

433,433

409,692

TOTAL ASSETS LESS CURRENT LIABILITIES

2,727,597

2,698,936

CREDITORS

Amounts falling due after more than one year

9

(334,051

)

(368,727

)

PROVISIONS FOR LIABILITIES

(223,424

)

-

NET ASSETS

2,170,122

2,330,209

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Revaluation reserve

11

-

1,170,915

Fair value reserve

11

952,490

-

Retained earnings

1,216,632

1,158,294

SHAREHOLDERS' FUNDS

2,170,122

2,330,209

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2019 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 on 22 October 2019 and were signed by:

J Raja - Director

1.	STATUTORY INFORMATION

Dima International 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 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.

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from

changes in fair value is recognised in profit or loss.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at

the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of

exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at

the operating result.

3.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 May 2018

and 30 April 2019

6,775

1,073

7,848

DEPRECIATION

At 1 May 2018

6,712

818

7,530

Charge for year

16

64

80

At 30 April 2019

6,728

882

7,610

NET BOOK VALUE

At 30 April 2019

47

191

238

At 30 April 2018

63

255

318

4.	FIXED ASSET INVESTMENTS

This represents investment in Mitre House Management Company (2017) Limited, a company

incorporated in England and Wales. Mitre House Management Company (2017) Limited owns the

head lease of Mitre house in which investment property is owned by the company. Dima International

Limited acquired 1 share of £1.00 in Mitre House Management Company (2017) Limited in 2017. The

value of investment in the financial statements is stated at cost.

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 May 2018

2,288,925

Revaluations

5,000

At 30 April 2019

2,293,925

NET BOOK VALUE

At 30 April 2019

2,293,925

At 30 April 2018

2,288,925

Fair value at 30 April 2019 is represented by:

£

Valuation in 2018

1,170,917

Valuation in 2019

5,000

Cost

1,118,008

2,293,925

If investment properties had not been revalued they would have been included at the following

historical cost:

2019

2018

£

£

Cost

1,118,008

1,118,008

Investment properties have been valued on open market value basis on 30 April 2019 by the director .

6.

STOCKS

2019

2018

£

£

Stocks

46,035

-

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

599,425

359,093

VAT

791

-

Prepayments

-

92,992

600,216

452,085

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Bank loans and overdrafts

40,089

40,143

Trade creditors

200,735

7,141

Tax

13,703

12,468

VAT

-

751

Accrued expenses

17,175

17,175

271,702

77,678

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2019

2018

£

£

Bank loans - 1-2 years

36,889

39,563

Bank loans - 2-5 years

54,944

86,946

Other loans more 5yrs non-inst

242,218

242,218

334,051

368,727

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Other loans more 5yrs non-inst

242,218

242,218

10.	SECURED DEBTS

The following secured debts are included within creditors:

2019

2018

£

£

Bank loans

131,396

166,072

Bank loans are secured on the individual investment properties.

11.

RESERVES

Fair

Revaluation

value

reserve

reserve

Totals

£

£

£

At 1 May 2018

1,170,915

-

1,170,915

Revaluation

-

4,049

4,049

Transfer to FV reserve

(1,170,915

)

1,170,915

-

Deferred tax

-

(222,474

)

(222,474

)

At 30 April 2019

-

952,490

952,490

12.	RELATED PARTY DISCLOSURES