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REGISTERED NUMBER: 09809687 (England and Wales)








Unaudited Financial Statements

for the Year Ended

31 October 2022

for

Davies Holdings Midlands Limited

Davies Holdings Midlands Limited (Registered number: 09809687)






Contents of the Financial Statements
for the Year Ended 31 October 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Davies Holdings Midlands Limited

Company Information
for the Year Ended 31 October 2022







DIRECTORS: B S Davies
Mrs C I Davies
G Davies
G Davies
Mrs C Ince





REGISTERED OFFICE: 4 Lowndes Road
Stourbridge
West Midlands
DY8 3SS





REGISTERED NUMBER: 09809687 (England and Wales)





ACCOUNTANTS: Nicklin LLP
Church Court
Stourbridge Road
Halesowen
West Midlands
B63 3TT

Davies Holdings Midlands Limited (Registered number: 09809687)

Balance Sheet
31 October 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 37,452 -
Investments 5 200 200
Investment property 6 1,811,273 560,000
1,848,925 560,200

CURRENT ASSETS
Debtors 7 18,039 -
Cash at bank 35,319 257,348
53,358 257,348
CREDITORS
Amounts falling due within one year 8 886,002 488,265
NET CURRENT LIABILITIES (832,644 ) (230,917 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,016,281

329,283

CREDITORS
Amounts falling due after more than one
year

9

(818,266

)

(129,057

)

PROVISIONS FOR LIABILITIES (17,387 ) (20,940 )
NET ASSETS 180,628 179,286

CAPITAL AND RESERVES
Called up share capital 200 200
Fair value reserve 10 74,127 89,263
Retained earnings 106,301 89,823
180,628 179,286

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2022 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.

Davies Holdings Midlands Limited (Registered number: 09809687)

Balance Sheet - continued
31 October 2022


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 14 July 2023 and were signed on its behalf by:





G Davies - Director


Davies Holdings Midlands Limited (Registered number: 09809687)

Notes to the Financial Statements
for the Year Ended 31 October 2022

1. STATUTORY INFORMATION

Davies Holdings Midlands 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.

Preparation of consolidated financial statements
The financial statements contain information about Davies Holdings Midlands Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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.
Plant and machinery etc - 20% on cost and 10% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2021 - 4 ) .

Davies Holdings Midlands Limited (Registered number: 09809687)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2022

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 40,035
At 31 October 2022 40,035
DEPRECIATION
Charge for year 2,583
At 31 October 2022 2,583
NET BOOK VALUE
At 31 October 2022 37,452

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 November 2021
and 31 October 2022 200
NET BOOK VALUE
At 31 October 2022 200
At 31 October 2021 200

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2021 560,000
Additions 1,411,273
Disposals (160,000 )
At 31 October 2022 1,811,273
NET BOOK VALUE
At 31 October 2022 1,811,273
At 31 October 2021 560,000

Fair value at 31 October 2022 is represented by:
£   
Valuation in 2020 91,514
Cost 1,719,759
1,811,273

The investment properties were valued on an open market value basis by the directors on 31st October 2020.

Davies Holdings Midlands Limited (Registered number: 09809687)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2022

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 6,667 -
Other debtors 11,372 -
18,039 -

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 70,338 13,609
Trade creditors 29,357 -
Amounts owed to group undertakings 711,701 392,824
Taxation and social security 149 1,339
Other creditors 74,457 80,493
886,002 488,265

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022 2021
£    £   
Bank loans 818,266 129,057

10. RESERVES
Fair
value
reserve
£   
At 1 November 2021 89,263
Fair value movement (15,136 )

At 31 October 2022 74,127

11. RELATED PARTY DISCLOSURES

The balance due to directors as at 31st October 2022 was £72,857 (2021 - £76,357).

The balance due to the subsidiary company and other companies in which the directors have an interest was £711,701 (2021 - £392,824).