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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
Page
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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
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David Horner Investments Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
800,000 
800,000 
Current assets
Debtors
135 
1,244 
Cash at bank and in hand
27,357 
107,336 
27,492 
108,580 
Creditors: amounts falling due within one year
(8,376)
(92,858)
Net current assets
19,116 
15,722 
Net assets
819,116 
815,722 
Capital and reserves
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
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David Horner Investments Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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:
Land & buildings
Nil
Deferred taxation
Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset.
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 1 January 2023
800,000 
At 31 December 2023
800,000 
Depreciation
At 31 December 2023
- 
Net book value
At 31 December 2023
800,000 
At 31 December 2022
800,000 
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David Horner Investments Limited Notes to the Accounts for the year ended 31 December 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
135 
135 
Other debtors
- 
1,109 
135 
1,244 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
3,000 
4,000 
Taxes and social security
2,615 
1,130 
Other creditors
2,761 
2,728 
Loans from directors
- 
80,000 
Deferred income
- 
5,000 
8,376 
92,858 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
8
Controlling party
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).
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