Company Registration No. 01581684 (England and Wales)
David Horner Investments Limited
Unaudited accounts
for the year ended 31 December 2023
David Horner Investments Limited
Unaudited accounts
Contents
David Horner Investments Limited
Company Information
for the year ended 31 December 2023
Directors
Andrew Pittas
Alexis Pittas
Pearl Pittas
Michael Pittas
Company Number
01581684 (England and Wales)
Registered Office
125 Brooker Road
Waltham Abbey
Essex
EN9 1JU
United Kingdom
David Horner Investments Limited
Statement of financial position
as at 31 December 2023
Tangible assets
800,000
800,000
Cash at bank and in hand
27,357
107,336
Creditors: amounts falling due within one year
(8,376)
(92,858)
Net current assets
19,116
15,722
Net assets
819,116
815,722
Called up share capital
100
100
Revaluation reserve
635,127
635,127
Profit and loss account
183,889
180,495
Shareholders' funds
819,116
815,722
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 14 February 2024 and were signed on its behalf by
Michael Pittas
Director
Company Registration No. 01581684
David Horner Investments Limited
Notes to the Accounts
for the year ended 31 December 2023
David Horner Investments Limited is a private company, limited by shares, registered in England and Wales, registration number 01581684. The registered office is 125 Brooker Road, Waltham Abbey, Essex, EN9 1JU, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset.
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Tangible fixed assets
Land & buildings
At 31 December 2023
800,000
At 31 December 2023
800,000
At 31 December 2022
800,000
David Horner Investments Limited
Notes to the Accounts
for the year ended 31 December 2023
Amounts falling due within one year
Accrued income and prepayments
135
135
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
2,615
1,130
Other creditors
2,761
2,728
Loans from directors
-
80,000
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
The company is 50% owned by each of Pittas Foods Ltd and Pearl's Cafe (Snacks) Ltd. Ownership of both companies resides in the names of Michael Pittas and members of his immediate family.
9
Average number of employees
During the year the average number of employees was 2 (2022: 2).