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 2021

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:

Alderton Accountancy Limited

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

4

-

-

Investments

5

1

1

Investment property

6

2,293,925

2,293,925

2,293,926

2,293,926

CURRENT ASSETS

Stocks

7

24,057

34,761

Debtors

8

602,998

708,547

Cash at bank

13,079

44,009

640,134

787,317

CREDITORS

Amounts falling due within one year

9

200,258

327,905

NET CURRENT ASSETS

439,876

459,412

TOTAL ASSETS LESS CURRENT LIABILITIES

2,733,802

2,753,338

CREDITORS

Amounts falling due after more than one year

10

(306,684

)

(300,399

)

PROVISIONS FOR LIABILITIES

(223,424

)

(223,424

)

NET ASSETS

2,203,694

2,229,515

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Fair value reserve

12

952,490

952,490

Retained earnings

1,250,204

1,276,025

SHAREHOLDERS' FUNDS

2,203,694

2,229,515

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2021 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 and authorised for issue on 11 November 2021 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.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2020 - NIL).

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 May 2020

and 30 April 2021

6,775

1,073

7,848

DEPRECIATION

At 1 May 2020

and 30 April 2021

6,775

1,073

7,848

NET BOOK VALUE

At 30 April 2021

-

-

-

At 30 April 2020

-

-

-

5.	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.

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 May 2020

and 30 April 2021

2,293,925

NET BOOK VALUE

At 30 April 2021

2,293,925

At 30 April 2020

2,293,925

Fair value at 30 April 2021 is represented by:

£

Valuation in 2018

1,170,917

Valuation in 2019

5,000

Valuation in 2020

1,118,008

2,293,925

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

2021

2020

£

£

Cost

1,118,008

1,118,008

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

7.

STOCKS

2021

2020

£

£

Stocks

24,057

34,761

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade debtors

597,691

708,231

VAT

5,307

316

602,998

708,547

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Bank loans and overdrafts

-

37,761

Trade creditors

181,350

258,982

Tax

-

13,987

Other creditors

1,733

-

Accrued expenses

17,175

17,175

200,258

327,905

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2021

2020

£

£

Bank loans - 1-2 years

-

15,562

Natwest Loan A/C: 21402868

64,466

-

Bank loans - 2-5 years

-

42,619

Other loans more 5yrs non-inst

242,218

242,218

306,684

300,399

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Other loans more 5yrs non-inst

242,218

242,218

11.	SECURED DEBTS

The following secured debts are included within creditors:

2021

2020

£

£

Bank loans

64,466

95,913

Bank loans are secured on the individual investment properties.

12.

RESERVES

Fair

value

reserve

£

At 1 May 2020

and 30 April 2021

952,490

13.	RELATED PARTY DISCLOSURES