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REGISTERED NUMBER: 02158882 (England and Wales)










FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH JUNE 2023

FOR

DAVID JAMES ESTATES LIMITED

DAVID JAMES ESTATES LIMITED (REGISTERED NUMBER: 02158882)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2023










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


DAVID JAMES ESTATES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH JUNE 2023







DIRECTORS: Mr D J Bewick
Mrs T Bewick



REGISTERED OFFICE: c/o Michael Heaven & Associates Limited
47 Calthorpe Road
Edgbaston
BIRMINGHAM
West Midlands
B15 1TH



REGISTERED NUMBER: 02158882 (England and Wales)



ACCOUNTANTS: Michael Heaven & Associates Limited
Chartered Certified Accountants
47 Calthorpe Road
Edgbaston
BIRMINGHAM
B15 1TH



BANKERS: Lloyds Bank PLC
9-11 Poplar Road
Solihull
West Midlands
B91 3AN



INCORPORATED: 28th August 1987

DAVID JAMES ESTATES LIMITED (REGISTERED NUMBER: 02158882)

ABRIDGED BALANCE SHEET
30TH JUNE 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,060 10,543
Investments 5 1 -
Investment property 6 3,960,440 3,960,440
3,966,501 3,970,983

CURRENT ASSETS
Debtors 465,685 4,449
Cash at bank 26,110 11,486
491,795 15,935
CREDITORS
Amounts falling due within one year 1,672,274 1,322,296
NET CURRENT LIABILITIES (1,180,479 ) (1,306,361 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,786,022

2,664,622

PROVISIONS FOR LIABILITIES 7 242,918 244,039
NET ASSETS 2,543,104 2,420,583

CAPITAL AND RESERVES
Called up share capital 8 57,300 57,300
Share premium 5,323 5,323
Capital redemption reserve 1,700 1,700
Undistributable revenue
reserve 1,324,635 1,324,635
Retained earnings 1,154,146 1,031,625
SHAREHOLDERS' FUNDS 2,543,104 2,420,583

DAVID JAMES ESTATES LIMITED (REGISTERED NUMBER: 02158882)

ABRIDGED BALANCE SHEET - continued
30TH JUNE 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30th June 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 7th November 2023 and were signed on its behalf by:





Mr D J Bewick - Director


DAVID JAMES ESTATES LIMITED (REGISTERED NUMBER: 02158882)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2023


1. STATUTORY INFORMATION

David James Estates 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 represents the net invoiced value of rents and recharged services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due.

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 - 15% on cost

Investment property
Investment properties are properties held to earn rentals and for capital appreciation. Investment properties are initially measured at cost, including transaction costs. Subsequently gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.

Financial instruments
The company only enters into basic financial instruments transactions 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, loans to related parties and investments in non-puttable ordinary shares.

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.


DAVID JAMES ESTATES LIMITED (REGISTERED NUMBER: 02158882)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2023


2. ACCOUNTING POLICIES - continued
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.

Investments in associates
Investments in associate undertakings are recognised at cost.

Debtors
Short term debtors are measured at transaction price, less any impairment.

Creditors
Short term trade creditors are measured at the transaction price.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st July 2022
and 30th June 2023 176,252
DEPRECIATION
At 1st July 2022 165,709
Charge for year 4,483
At 30th June 2023 170,192
NET BOOK VALUE
At 30th June 2023 6,060
At 30th June 2022 10,543

DAVID JAMES ESTATES LIMITED (REGISTERED NUMBER: 02158882)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2023


5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
Additions 1
At 30th June 2023 1
NET BOOK VALUE
At 30th June 2023 1

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st July 2022
and 30th June 2023 3,960,440
NET BOOK VALUE
At 30th June 2023 3,960,440
At 30th June 2022 3,960,440

Fair value at 30th June 2023 is represented by:
£   
Valuation in 2000 8,588
Valuation in 2002 150,000
Valuation in 2006 275,000
Valuation in 2014 202,307
Valuation in 2016 206,734
Valuation in 2017 (6,532 )
Valuation in 2018 (231,735 )
Valuation in 2020 (20,000 )
Valuation in 2021 948,409
Cost 2,427,669
3,960,440

DAVID JAMES ESTATES LIMITED (REGISTERED NUMBER: 02158882)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2023


6. INVESTMENT PROPERTY - continued

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

2023 2022
£    £   
Cost 2,427,669 2,427,669

In the directors' opinion the current carrying value of investment properties is reflective of the current market values.

7. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 242,918 244,039

Deferred
tax
£   
Balance at 1st July 2022 244,039
Movement (1,121 )
Balance at 30th June 2023 242,918

Provisions are recognised when the company has a legal or constructive obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle the obligation and the amount of the obligation can be reliably estimated. Provisions are recognised at the best estimate of the amount required to settle the obligation at the reporting date.

A provision for annual leave accrued by employees as a result of services rendered in the current period, and which employees are entitled to carry forward and use within the next 12 months is recognised. The provision is measured at the salary cost payable for the period of absence.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
57,300 Ordinary £1 57,300 57,300

DAVID JAMES ESTATES LIMITED (REGISTERED NUMBER: 02158882)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2023


9. RELATED PARTY DISCLOSURES

As at the year end the amount due to the directors totalled £1,612,959.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr D Bewick by virtue of the fact that he owns 100% of the issued voting share capital in the parent company Temple Street Ltd.