Registration number:
A.W. Davis Properties Limited
for the Year Ended 30 September 2023
A.W. Davis Properties Limited
(Registration number: 00782416)
Statement of Financial Position as at 30 September 2023
Note |
2023 |
2022 |
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Fixed assets |
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Tangible assets |
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Investment property |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Net assets |
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Capital and reserves |
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Called up share capital |
25,000 |
25,000 |
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Fair value reserve |
1,496,119 |
1,391,119 |
|
Profit and loss account |
5,167,229 |
4,993,946 |
|
Shareholders' funds |
6,688,348 |
6,410,065 |
For the financial year ending 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
• |
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• |
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Income Statement has been taken.
Approved and authorised by the
.........................................
Director
A.W. Davis Properties Limited
Statement of Changes in Equity for the Year Ended 30 September 2023
Share capital |
Fair value reserve |
Profit and loss account |
Total |
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At 1 October 2022 |
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|
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Profit for the year |
- |
- |
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Dividends |
- |
- |
( |
( |
Transfers |
- |
105,000 |
(105,000) |
- |
At 30 September 2023 |
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|
|
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Share capital |
Fair value reserve |
Profit and loss account |
Total |
|
At 1 October 2021 |
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|
|
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Profit for the year |
- |
- |
|
|
Dividends |
- |
- |
( |
( |
Transfers |
- |
12,500 |
(12,500) |
- |
At 30 September 2022 |
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A.W. Davis Properties Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Tax
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Tangible assets
Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
A.W. Davis Properties Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Plant and machinery |
20% reducing balance |
Investment property
Trade debtors
Short term debtors are measured at transaction price, less any impairment.
Cash and cash equivalents
Cash is represented by cash in hand and bank deposits.
Trade creditors
Short term creditors are measured at the transaction price.
Provisions
Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.
Employee benefits
Short-term employee benefits are recognised as an expense in the period which they are incurred.
Financial instruments
Fair value reserve
The fair value reserve is used to record increases in the fair value of investments and decreases to the extent that such relates to an increase on the same asset.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
A.W. Davis Properties Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023
Tangible assets |
Plant and machinery |
Total |
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Cost or valuation |
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At 1 October 2022 |
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At 30 September 2023 |
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Depreciation |
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At 1 October 2022 |
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Charge for the year |
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At 30 September 2023 |
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Carrying amount |
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At 30 September 2023 |
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At 30 September 2022 |
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Investment properties |
2023 |
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At 1 October 2022 |
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Fair value adjustments |
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At 30 September 2023 |
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There has been no valuation of investment property by an independent valuer.
A.W. Davis Properties Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023
Debtors |
2023 |
2022 |
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Trade debtors |
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Other debtors |
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Creditors |
Creditors: amounts falling due within one year
2023 |
2022 |
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Taxation and social security |
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Accruals and deferred income |
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Other creditors |
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