REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 OCTOBER 2023 |
FOR |
ROBERT DARVALL (PROPERTY) LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 OCTOBER 2023 |
FOR |
ROBERT DARVALL (PROPERTY) LIMITED |
ROBERT DARVALL (PROPERTY) LIMITED (REGISTERED NUMBER: 04927064) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 OCTOBER 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
ROBERT DARVALL (PROPERTY) LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31 OCTOBER 2023 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ROBERT DARVALL (PROPERTY) LIMITED (REGISTERED NUMBER: 04927064) |
BALANCE SHEET |
31 OCTOBER 2023 |
31.10.23 | 31.10.22 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investment property | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Share premium |
Revaluation reserve |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
ROBERT DARVALL (PROPERTY) LIMITED (REGISTERED NUMBER: 04927064) |
BALANCE SHEET - continued |
31 OCTOBER 2023 |
In accordance with Section 444 of the Companies Act 2006, the Profit and Loss account has not been delivered. |
The financial statements were approved by the director and authorised for issue on |
ROBERT DARVALL (PROPERTY) LIMITED (REGISTERED NUMBER: 04927064) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 OCTOBER 2023 |
1. | STATUTORY INFORMATION |
Robert Darvall (Property) Limited is a private company, limited by shares, registered in England and Wales. The address of its registered office is Victoria House, 26 Queen Victoria Street, Reading, Berkshire, RG1 1TG |
The principal activity of the company in the year under review was that of property investment and management. |
The financial statements are presented in Pound Sterling (£), which is also the functional currency of the company. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Going Concern |
The director is not aware of any material uncertainties that may cast significant doubt over the ability of the company to continue trading. The preparation of the financial statements on the going concern basis is therefore deemed appropriate. |
Turnover |
Income (described as turnover) represents property rents, excluding value added tax. Income is recognised in the period the property rents become receivable. |
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. |
ROBERT DARVALL (PROPERTY) LIMITED (REGISTERED NUMBER: 04927064) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 OCTOBER 2023 |
2. | ACCOUNTING POLICIES - continued |
Taxation |
Tax on profit represents the sum of the tax currently payable and deferred tax. |
Current tax is the amount of income tax payable in respect of the taxable profit for the year or prior |
years. Tax is calculated on the basis of tax rates and laws that have been enacted or substantively |
enacted by the period end. |
Deferred tax arises from timing differences that are differences between taxable profits and total |
comprehensive income as stated in the financial statements. These 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 recognised on all timing differences at the reporting date. Unrelieved tax losses and |
other deferred tax assets are only recognised when it is probable that they will be recovered against |
the reversal of deferred tax liabilities or other future taxable profits. |
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by |
the period end and that are expected to apply to the reversal of the timing difference. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2022 - NIL). |
4. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 November 2022 |
and 31 October 2023 |
NET BOOK VALUE |
At 31 October 2023 |
At 31 October 2022 |
Fair value at 31 October 2023 is represented by: |
£ |
Valuation in 2003 | 838,642 |
Valuation in 2012 | 225,000 |
Valuation in 2015 | 115,000 |
Valuation in 2018 | 60,000 |
Valuation in 2021 | 350,000 |
Cost | 561,358 |
2,150,000 |
ROBERT DARVALL (PROPERTY) LIMITED (REGISTERED NUMBER: 04927064) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 OCTOBER 2023 |
4. | INVESTMENT PROPERTY - continued |
If the investment property had not been revalued it would have been included at the following historical cost: |
31.10.23 | 31.10.22 |
£ | £ |
Cost | 561,358 | 561,358 |
Investment property was valued on an open market basis on 17 October 2023 by Haslams Surveyors LLP . |
The director considers the valuation is an appropriate estimation of the open market value as at 31 October 2023. |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.10.23 | 31.10.22 |
£ | £ |
Trade debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.10.23 | 31.10.22 |
£ | £ |
Amounts owed to associates | 45,844 | - |
Taxation and social security |
Other creditors |