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REGISTERED NUMBER: 07886463 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2021

for

Davisons (Property Investments) Ltd

Davisons (Property Investments) Ltd (Registered number: 07886463)






Contents of the Financial Statements
for the Year Ended 31 December 2021




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

Davisons (Property Investments) Ltd

Company Information
for the Year Ended 31 December 2021







DIRECTOR: P N Davis





REGISTERED OFFICE: Davis House
Lodge Causeway Trading Estate
Fishponds
Bristol
BS16 3JB





REGISTERED NUMBER: 07886463 (England and Wales)





ACCOUNTANTS: Rhodyate Consulting Ltd
Chartered Accountants
Hillside
Rhodyate
Blagdon
Bristol
BS40 7TP

Davisons (Property Investments) Ltd (Registered number: 07886463)

Statement of Financial Position
31 December 2021

31.12.21 31.12.20
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,545 4,641
Investment property 5 840,000 725,000
843,545 729,641

CURRENT ASSETS
Debtors 6 172 103
Cash at bank 52,490 71,671
52,662 71,774
CREDITORS
Amounts falling due within one year 7 619,114 662,180
NET CURRENT LIABILITIES (566,452 ) (590,406 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

277,093

139,235

PROVISIONS FOR LIABILITIES 40,311 18,461
NET ASSETS 236,782 120,774

CAPITAL AND RESERVES
Called up share capital 2 2
Fair value reserve 8 171,850 78,700
Retained earnings 64,930 42,072
236,782 120,774

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 2 September 2022 and were signed by:





P N Davis - Director


Davisons (Property Investments) Ltd (Registered number: 07886463)

Notes to the Financial Statements
for the Year Ended 31 December 2021

1. STATUTORY INFORMATION

Davisons (Property Investments) Ltd 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 recognized to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates and value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on cost

Investment properties
Investment properties are those properties that are held either to earn rental income or for capital appreciation or both. Investment properties are measured initially at cost including transaction costs and thereafter are stated at fair value, which reflects market conditions at the balance sheet date. Gains and losses arising from changes in the fair value of investment properties are recognized in the income statement in the year in which they arise, with a transfer to or from the fair value reserve of such a gain or loss, less the related deferred tax charge or credit.

Investment properties are stated at fair value as determined by the Director. In determining the fair value of each investment property, the Director makes use of historical and current market data as well as existing lease agreements. Alternatively, a professional valuation will be obtained and used as the basis for fair value in the accounts, where this is deemed to be appropriate.

Financial instruments
The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, and loans to related parties.

Debt instruments (other than those wholly repayable or receivable within one year), including loans, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payables or receivables and other accounts payable and receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.

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 statement of financial position date.


Davisons (Property Investments) Ltd (Registered number: 07886463)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Going concern
The statement of financial position of the company at 31 December 2021 shows net current liabilities of £566,452 (2020: £590,406), including amounts due to its parent undertaking of £607,366 (2020: £647,077). The directors of the company's ultimate parent undertaking, Charon Holdings Ltd, have confirmed that it will not seek repayment of these amounts to the detriment of third parties and that further, it will continue to provide sufficient funding so as to ensure that Davisons (Property Investments) Ltd is able to meet its financial obligations as they fall due.

Accordingly, the director has a reasonable expectation that the company will be able to continue in operational existence for the foreseeable future and so continues to adopt the going concern basis in preparing these financial statements.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2021
and 31 December 2021 5,480
DEPRECIATION
At 1 January 2021 839
Charge for year 1,096
At 31 December 2021 1,935
NET BOOK VALUE
At 31 December 2021 3,545
At 31 December 2020 4,641

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2021 725,000
Fair value adjustments 115,000
At 31 December 2021 840,000
NET BOOK VALUE
At 31 December 2021 840,000
At 31 December 2020 725,000

Davisons (Property Investments) Ltd (Registered number: 07886463)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

5. INVESTMENT PROPERTY - continued

Fair value at 31 December 2021 is represented by:
£   
Valuation in 2018 3,619
Valuation in 2019 33,542
Valuation in 2020 60,000
Valuation in 2021 115,000
Cost 627,839
840,000

The investment properties were valued by the director on a fair value basis.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Other debtors 172 103

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Trade creditors - 1,680
Amounts owed to group undertakings 607,366 647,077
Taxation and social security 5,619 9,658
Other creditors 6,129 3,765
619,114 662,180

Amounts owed to group undertakings are unsecured, interest-free and have no fixed repayment date.

8. RESERVES
Fair
value
reserve
£   
At 1 January 2021 78,700
Transfer to fair value reserve 93,150

At 31 December 2021 171,850

9. RELATED PARTY DISCLOSURES

The company has taken advantage of the exemption available under FRS102 section 33.1A from disclosing transactions with entities that are wholly owned within the group.

The immediate parent undertaking is Charon Properties Ltd, a company registered in England and Wales, by virtue of its 100% shareholding in the company.

The ultimate parent undertaking is Charon Holdings Ltd, also registered in England and Wales.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Davisons (Property Investments) Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Davisons (Property Investments) Ltd for the year ended 31 December 2021 which comprise the Income Statement, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Davisons (Property Investments) Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Davisons (Property Investments) Ltd and state those matters that we have agreed to state to the director of Davisons (Property Investments) Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Davisons (Property Investments) Ltd and its director for our work or for this report.

It is your duty to ensure that Davisons (Property Investments) Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Davisons (Property Investments) Ltd. You consider that Davisons (Property Investments) Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Davisons (Property Investments) Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Rhodyate Consulting Ltd
Chartered Accountants
Hillside
Rhodyate
Blagdon
Bristol
BS40 7TP


5 September 2022