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REGISTERED NUMBER: 11002200 (England and Wales)















Audited Financial Statements

for the Year Ended 31 October 2023

for

David Andrews Heritage Limited

David Andrews Heritage Limited (Registered number: 11002200)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 4


David Andrews Heritage Limited

Company Information
for the Year Ended 31 October 2023







DIRECTORS: D P Walsh
Mrs S Walsh





REGISTERED OFFICE: Level 2 Klaco House
28 St John’s Square
Clerkenwell
London
EC1M 4DN





REGISTERED NUMBER: 11002200 (England and Wales)





AUDITORS: Charcroft Baker LLP
Statutory Auditors
5 West Court
Enterprise Road
Maidstone
Kent
ME15 6JD

David Andrews Heritage Limited (Registered number: 11002200)

Balance Sheet
31 October 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Stocks 6,575 2,225
Debtors 4 1,906,476 1,921,115
Cash at bank 1,258,521 810,293
3,171,572 2,733,633
CREDITORS
Amounts falling due within one year 5 2,946,569 2,541,425
NET CURRENT ASSETS 225,003 192,208
TOTAL ASSETS LESS CURRENT
LIABILITIES

225,003

192,208

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 224,903 192,108
SHAREHOLDERS' FUNDS 225,003 192,208

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 31 July 2024 and were signed on its behalf by:





D P Walsh - Director


David Andrews Heritage Limited (Registered number: 11002200)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

David Andrews Heritage 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents the fair value of goods and services supplied by the company, net of value added tax and trade discounts.

Turnover is derived from long-term construction contracts. Turnover in respect of rendering of these services is recognised with reference to the stage of completion of the contract. Stage of completion is measured by the value of work completed by the end of the financial year.

Stocks
Stock and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stock. Cost includes all direct costs.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, and related party loans.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

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

David Andrews Heritage Limited (Registered number: 11002200)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 8,941 7,217
Amounts owed by group undertakings 1,857,300 1,857,300
VAT - 9,550
Deferred tax asset 15,082 22,235
Prepayments and accrued income 25,153 24,813
1,906,476 1,921,115

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 2,845 126
Amounts owed to group undertakings 2,939,245 2,540,356
VAT 728 -
Other creditors - 943
Accrued expenses 3,751 -
2,946,569 2,541,425

6. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Andrew Drinkwater FCCA FCA (Senior Statutory Auditor)
for and on behalf of Charcroft Baker LLP

7. RELATED PARTY DISCLOSURES

Included within debtors falling due within one year is an amount of £1,857,300 (2022: £1,857,300)
owed from DAC Management Services Limited, the parent company. The loan is unsecured, interest free and repayable on demand.

During the year, costs of £411,058 (2022: £202,384) were recharged from David Andrews (Construction) Limited , a company under common control. During the year, the company was loaned
£Nil (2022: £1,600,000) and repaid £12,169 (2022: Nil). Included within creditors falling due within one
year is the balance owed to David Andrews (Construction) Limited of £2,939,245 (2022:
£2,540,356).The loan is unsecured, interest free and repayable on demand.

8. ULTIMATE CONTROLLING PARTY

The controlling party is D.A.C. Management Services Limited.

The ultimate controlling party is D P Walsh.

The parent company is D.A.C. Management Services Limited, registered number 02307804. The registered office is Level 2 Klaco House, 28 St John's Square, Clerkenwell, London, EC1M 4DN. The parent company prepares group accounts, in which David Andrews Heritage Limited is a consolidated subsidiary. These can be found at Companies House.