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REGISTERED NUMBER: 02973410 (England and Wales)















Unaudited Financial Statements For The Year Ended 31st October 2023

for

Davies Battersby Limited

Davies Battersby Limited (Registered number: 02973410)






Contents of the Financial Statements
For The Year Ended 31st October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Davies Battersby Limited

Company Information
For The Year Ended 31st October 2023







DIRECTOR: P J Battersby





REGISTERED OFFICE: Rooms 310-311, 3rd Floor
Dowgate Hill House,
14-16 Dowgate Hill
London
EC4R 2SU





REGISTERED NUMBER: 02973410 (England and Wales)





ACCOUNTANTS: Dua & Co. Limited
1st Floor
5 Century Court
Tolpits Lane
Watford
Hertfordshire
WD18 9PX

Davies Battersby Limited (Registered number: 02973410)

Balance Sheet
31st October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 4,485 4,297
Investment property 5 918,570 750,000
923,055 754,297

CURRENT ASSETS
Inventories 20,119 29,080
Debtors 6 189,526 136,825
Investments 7 31,311 31,057
Cash at bank 2,442,955 2,396,593
2,683,911 2,593,555
CREDITORS
Amounts falling due within one year 8 353,380 313,076
NET CURRENT ASSETS 2,330,531 2,280,479
TOTAL ASSETS LESS CURRENT LIABILITIES 3,253,586 3,034,776

CREDITORS
Amounts falling due after more than one year 9 (205,610 ) (234,863 )

PROVISIONS FOR LIABILITIES (1,068 ) (1,009 )
NET ASSETS 3,046,908 2,798,904

CAPITAL AND RESERVES
Called up share capital 80 80
Retained earnings 3,046,828 2,798,824
3,046,908 2,798,904

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

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

The director acknowledges his 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.

Davies Battersby Limited (Registered number: 02973410)

Balance Sheet - continued
31st October 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 director and authorised for issue on 31st July 2024 and were signed by:





P J Battersby - Director


Davies Battersby Limited (Registered number: 02973410)

Notes to the Financial Statements
For The Year Ended 31st October 2023

1. STATUTORY INFORMATION

Davies Battersby 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents net value of services provided, excluding value added tax.

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 reducing balance
Computer equipment - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing inventories to their present location and condition.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Davies Battersby Limited (Registered number: 02973410)

Notes to the Financial Statements - continued
For The Year Ended 31st October 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1st November 2022 11,792 34,925 46,717
Additions 244 1,216 1,460
At 31st October 2023 12,036 36,141 48,177
DEPRECIATION
At 1st November 2022 11,302 31,118 42,420
Charge for year 149 1,123 1,272
At 31st October 2023 11,451 32,241 43,692
NET BOOK VALUE
At 31st October 2023 585 3,900 4,485
At 31st October 2022 490 3,807 4,297

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st November 2022 750,000
Additions 168,570
At 31st October 2023 918,570
NET BOOK VALUE
At 31st October 2023 918,570
At 31st October 2022 750,000

Fair value at 31st October 2023 is represented by:
£   
Valuation in 2023 918,570

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 183,727 131,830
Prepayments and accrued income 5,799 4,995
189,526 136,825

Davies Battersby Limited (Registered number: 02973410)

Notes to the Financial Statements - continued
For The Year Ended 31st October 2023

7. CURRENT ASSET INVESTMENTS
2023 2022
£    £   
Listed investments 31,311 31,057

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 31,892 31,892
Trade creditors 158,284 94,958
PAYE Payable (1,843 ) (1,745 )
Tax 89,264 106,882
Pension Payable 201 274
VAT 14,676 9,848
Other creditors 74 -
Directors' current accounts 586 1,076
Accrued expenses 60,246 69,891
353,380 313,076

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 26,473 31,892
Bank loans - 2-5 years 50,000 59,701
Bank loans more 5 yr by instal 129,137 143,270
205,610 234,863

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 129,137 143,270

10. SECURED DEBTS

Bank loan are secured by a fixed charges over the following properties of the company in favour of National Westminster Bank PLC:

a) 3A Haydon Park Road
Wimbledon
London
SW19 8JP

b) Ground Floor Flat,
21 Gap Road
London
SW19 8JG

11. RELATED PARTY DISCLOSURES

During the year, total dividends of £55,000 were paid to the director and the directors remuneration amounted to £12,000.

12. ULTIMATE CONTROLLING PARTY

The controlling party is P J Battersby.

Davies Battersby Limited (Registered number: 02973410)

Notes to the Financial Statements - continued
For The Year Ended 31st October 2023

13. CLIENT MONIES HELD

At 31 October 2022, the company held £ 21,666.93 (2022: £48,785) on behalf of its clients.