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REGISTERED NUMBER: 12082750 (England and Wales)















Financial Statements for the Year Ended 31 July 2023

for

Davenport Development Homes Limited

Davenport Development Homes Limited (Registered number: 12082750)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Davenport Development Homes Limited

Company Information
for the Year Ended 31 July 2023







DIRECTORS: Sharon Jaqueline Davenport
David Davenport





REGISTERED OFFICE: Unit 2
United Business Park
Lowfields Road
Leeds
West Yorkshire
LS12 6UB





REGISTERED NUMBER: 12082750 (England and Wales)






Davenport Development Homes Limited (Registered number: 12082750)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 237,000 237,000

CURRENT ASSETS
Cash at bank 2,263 2,925

CREDITORS
Amounts falling due within one year 5 69,329 68,499
NET CURRENT LIABILITIES (67,066 ) (65,574 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

169,934

171,426

CREDITORS
Amounts falling due after more than one year 6 (148,446 ) (148,446 )

PROVISIONS FOR LIABILITIES (4,116 ) (4,400 )
NET ASSETS 17,372 18,580

CAPITAL AND RESERVES
Called up share capital 2 2
Non-distributable reserve 8 25,129 24,845
Retained earnings (7,759 ) (6,267 )
17,372 18,580

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

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

Davenport Development Homes Limited (Registered number: 12082750)

Balance Sheet - continued
31 July 2023


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 30 January 2024 and were signed on its behalf by:





David Davenport - Director


Davenport Development Homes Limited (Registered number: 12082750)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Davenport Development Homes 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.

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.

Financial instruments
Financial instruments are initially recorded at cost.

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.

3. EMPLOYEES AND DIRECTORS

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

Davenport Development Homes Limited (Registered number: 12082750)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2022
and 31 July 2023 237,000
NET BOOK VALUE
At 31 July 2023 237,000
At 31 July 2022 237,000

Fair value at 31 July 2023 is represented by:
£   
Valuation in 2022 29,245
Cost 207,755
237,000

The property has been valued by the director on an open market basis.

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Other creditors 69,329 68,499

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.23 31.7.22
£    £   
Bank loans 148,446 148,446

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 148,446 148,446

7. SECURED DEBTS

The following secured debts are included within creditors:

31.7.23 31.7.22
£    £   
Bank loans 148,446 148,446

Belmont Green Finance Limited Trading as Vida Homeloans hold a charge over the property owned by the company.

Davenport Development Homes Limited (Registered number: 12082750)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

8. RESERVES
Non-distributable
reserve
£   
At 1 August 2022 24,845
Movement in year 284

At 31 July 2023 25,129