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Registered number: 10066953

Davids & Dawood Ltd

ACCOUNTS
FOR THE YEAR ENDED 31/03/2023

Prepared By:
CBS Accountants Ltd
Chartered Accountants
Unit 17, Orbital 25 Business Park
Dwight Road
Watford
Hertfordshire
WD18 9DA

Davids & Dawood Ltd

ACCOUNTS
FOR THE YEAR ENDED 31/03/2023
DIRECTORS
Mohammed Fakhry Davids
Dr Zaibun Nisa Davids
REGISTERED OFFICE
Quadrant House, Floor 6
4 Thomas More Square
London
E1W 1YW
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 10066953
ACCOUNTANTS
CBS Accountants Ltd
Chartered Accountants
Unit 17, Orbital 25 Business Park
Dwight Road
Watford
Hertfordshire
WD18 9DA

Davids & Dawood Ltd

ACCOUNTS
FOR THEYEARENDED31/03/2023
CONTENTS
Page
Balance Sheet3
Notes To The Accounts4

Davids & Dawood Ltd

BALANCE SHEET AT 31/03/2023
20232022
Notes££
FIXED ASSETS
Tangible assets3595,000595,000
CURRENT ASSETS
Cash at bank and in hand5,83019,694
5,83019,694
CREDITORS: Amounts falling due within one year5188,531200,521
NET CURRENT LIABILITIES(182,701)(180,827)
TOTAL ASSETS LESS CURRENT LIABILITIES412,299414,173
CREDITORS: Amounts falling due after more than one year6418,137418,137
NET LIABILITIES(5,838)(3,964)
CAPITAL AND RESERVES
Called up share capital7100100
Profit and loss account(5,938)(4,064)
SHAREHOLDERS' FUNDS(5,838)(3,964)
For the year ending 31/03/2023 the company was entitled to exemption 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 12/03/2024 and signed on their behalf by
.............................
Mohammed Fakhry Davids
Director

Davids & Dawood Ltd

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/03/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Investment Properties
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure.
Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in the profit and loss account.
1c. Financial Instruments
Basic financial instruments are recognized at amortised cost using the effective interest method.
Other financial instruments are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognized in profit or loss.
2. EMPLOYEES
20232022
No.No.
Average number of employees--
3. TANGIBLE FIXED ASSETS
Cost
At 31/03/2023
Depreciation
At 31/03/2023
Net Book Amounts
At 31/03/2023

Davids & Dawood Ltd

4. INVESTMENT PROPERTIES
Investment
PropertiesTotal
££
Fair value
At 01/04/2022595,000595,000
At 31/03/2023595,000595,000
Investment property comprises of a freehold residential property that is let. The fair value of the investment property is included at directors valuation. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
UK corporation tax1411,091
M F Davids93,77599,715
Z N Davids93,71599,715
Accruals900-
188,531200,521
6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20232022
££
Bank loans (secured) >1yr418,137418,137
418,137418,137
7. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
70 A Ordinary shares of £1 each7070
30 B Ordinary shares of £1 each3030
100100

Davids & Dawood Ltd

8. RELATED PARTY TRANSACTIONS
Included within other creditors is a balance of £187,489 (2022: £199,429) owing to the directors interest free and repayable on demand.