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REGISTERED NUMBER: 00661782 (England and Wales)















Davstone (Holdings) Limited

Financial Statements

for the Year Ended 31 December 2023






Davstone (Holdings) Limited (Registered number: 00661782)

Contents of the Financial Statements
for the year ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Davstone (Holdings) Limited

Company Information
for the year ended 31 December 2023







Directors: K E Dewar
J L Goldstone





Secretary: J L Goldstone





Registered office: New Derwent House
69-73 Theobalds Road
London
WC1X 8TA





Registered number: 00661782 (England and Wales)





Accountants: Cooper Parry
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

Davstone (Holdings) Limited (Registered number: 00661782)

Balance Sheet
31 December 2023

2023 2022
Notes £ £ £ £
Fixed assets
Tangible assets 4 - 2,100,902

Current assets
Debtors 5 4,815 196,522
Cash at bank 284,267 115,718
289,082 312,240
Creditors
Amounts falling due within one year 6 1,641,598 2,895,865
Net current liabilities (1,352,516 ) (2,583,625 )
Total assets less current liabilities (1,352,516 ) (482,723 )

Creditors
Amounts falling due after more than one
year

7

-

491,693
Net liabilities (1,352,516 ) (974,416 )

Capital and reserves
Called up share capital 8 300,000 300,000
Retained earnings 9 (1,652,516 ) (1,274,416 )
Shareholders' funds (1,352,516 ) (974,416 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Davstone (Holdings) Limited (Registered number: 00661782)

Balance Sheet - continued
31 December 2023


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 July 2024 and were signed on its behalf by:




K E Dewar - Director



J L Goldstone - Director


Davstone (Holdings) Limited (Registered number: 00661782)

Notes to the Financial Statements
for the year ended 31 December 2023


1. Statutory information

Davstone (Holdings) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. Accounting policies

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover comprises revenue recognised by the company in respect of rents receivable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Going concern
Due to the continuing support of the directors and shareholders, the directors believe that it is appropriate
to prepare these accounts on a going concern basis.

3. Employees and directors

The average number of employees during the year was 2 (2022 - 2 ) .

Davstone (Holdings) Limited (Registered number: 00661782)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


4. Tangible fixed assets
Fixtures
Freehold and
property fittings Totals
£ £ £
Cost
At 1 January 2023 2,100,902 121,854 2,222,756
Disposals (2,100,902 ) - (2,100,902 )
At 31 December 2023 - 121,854 121,854
Depreciation
At 1 January 2023
and 31 December 2023 - 121,854 121,854
Net book value
At 31 December 2023 - - -
At 31 December 2022 2,100,902 - 2,100,902

5. Debtors: amounts falling due within one year
2023 2022
£ £
Trade debtors - 121,187
Other debtors 4,815 75,335
4,815 196,522

6. Creditors: amounts falling due within one year
2023 2022
£ £
Bank loans and overdrafts - 72,389
Trade creditors - 4,186
Other creditors 1,641,598 2,819,290
1,641,598 2,895,865

Other creditors includes shareholders' and directors loan of £1,575,589 (2022: £2,685,557) .

7. Creditors: amounts falling due after more than one year
2023 2022
£ £
Bank loans - 491,693

Davstone (Holdings) Limited (Registered number: 00661782)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
1,500,000 Ordinary 0.10 150,000 150,000
1,500,000 Deferred Ordinary 0.10 150,000 150,000
300,000 300,000

9. Reserves
Retained
earnings
£

At 1 January 2023 (1,274,416 )
Deficit for the year (378,100 )
At 31 December 2023 (1,652,516 )