Caseware UK (AP4) 2023.0.135 2023.0.135 2023-07-312023-07-31falsetrue2022-07-08falseNo description of principal activity20The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 14223886 2022-07-07 14223886 2022-07-08 2023-07-31 14223886 2021-07-08 2022-07-07 14223886 2023-07-31 14223886 c:Director1 2022-07-08 2023-07-31 14223886 d:FreeholdInvestmentProperty 2022-07-08 2023-07-31 14223886 d:FreeholdInvestmentProperty 2023-07-31 14223886 d:CurrentFinancialInstruments 2023-07-31 14223886 d:Non-currentFinancialInstruments 2023-07-31 14223886 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 14223886 d:Non-currentFinancialInstruments d:AfterOneYear 2023-07-31 14223886 d:ShareCapital 2023-07-31 14223886 d:RetainedEarningsAccumulatedLosses 2023-07-31 14223886 c:FRS102 2022-07-08 2023-07-31 14223886 c:AuditExempt-NoAccountantsReport 2022-07-08 2023-07-31 14223886 c:FullAccounts 2022-07-08 2023-07-31 14223886 c:PrivateLimitedCompanyLtd 2022-07-08 2023-07-31 14223886 e:PoundSterling 2022-07-08 2023-07-31 iso4217:GBP xbrli:pure



Company Registration No. 14223886 (England and Wales)





DAVIDSON PROPERTIES NW LIMITED

UNAUDITED
FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE PERIOD ENDED 31 JULY 2023










































 
DAVIDSON PROPERTIES NW LIMITED
REGISTERED NUMBER:14223886

BALANCE SHEET
AS AT 31 JULY 2023

2023
Note
£

Fixed assets
  

Investment property
 4 
1,175,000

  
1,175,000

Current assets
  

Debtors
 5 
3,163

Cash at bank and in hand
  
2,517

  
5,680

Creditors: amounts falling due within one year
 6 
(13,700)

Net current (liabilities)/assets
  
 
 
(8,020)

Total assets less current liabilities
  
1,166,980

Creditors: amounts falling due after more than one year
 7 
(735,444)

  

Net assets
  
431,536


Capital and reserves
  

Called up share capital 
  
447,870

Profit and loss account
  
(16,334)

  
431,536


Page 1

 
DAVIDSON PROPERTIES NW LIMITED
REGISTERED NUMBER:14223886
    
BALANCE SHEET (CONTINUED)
AS AT 31 JULY 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 5 April 2024.




___________________________
Mark Davidson
Director

The notes on pages 3 to 4 form part of these financial statements.

Page 2

 
DAVIDSON PROPERTIES NW LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2023

1.


General information

Davidson Properties NW Limited is a private company limited by shares incorporated in England and Wales. The registered office is 37 Chambers Lane, London, NW10 2RJ.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

 
2.5

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the period was 2.

Page 3

 
DAVIDSON PROPERTIES NW LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2023

4.


Investment property


Freehold investment property

£



Valuation


Additions at cost
1,175,000



At 31 July 2023
1,175,000

The directors consider that the carrying amounts of the investment properties approximate to their fair value at the year end.








5.


Debtors

2023
£


Trade debtors
557

Other debtors
2,606

3,163



6.


Creditors: Amounts falling due within one year

2023
£

Trade creditors
12,500

Accruals
1,200

13,700



7.


Creditors: Amounts falling due after more than one year

2023
£

Bank loans (secured)
735,444


Bank loans are secured on investment properties owned by the company.

Page 4

 
DAVIDSON PROPERTIES NW LIMITED