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REGISTERED NUMBER: 10007115 (England and Wales)











Unaudited Financial Statements

for the Year Ended 30 April 2024

for

Davon Investments Ltd

Davon Investments Ltd (Registered number: 10007115)

Contents of the Financial Statements
for the Year Ended 30 April 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Davon Investments Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTORS: D Norman
C D Hector





REGISTERED OFFICE: Terminal Buildings
Blackbushe Airport
Camberley
Surrey
GU17 9LQ





REGISTERED NUMBER: 10007115 (England and Wales)





ACCOUNTANTS: Butt Miller
Chartered Accountants
1 Minster Court
Tuscam Way
Camberley
Surrey
GU15 3YY

Davon Investments Ltd (Registered number: 10007115)

Statement of Financial Position
30 April 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 4 2,373,856 1,863,057
Cash at bank 62,685 224,671
2,436,541 2,087,728
CREDITORS
Amounts falling due within one year 5 (1,773,547 ) (1,486,769 )
NET CURRENT ASSETS 662,994 600,959
TOTAL ASSETS LESS CURRENT
LIABILITIES

662,994

600,959

CREDITORS
Amounts falling due after more than one
year

6

(11,369

)

(21,594

)
NET ASSETS 651,625 579,365

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 651,525 579,265
SHAREHOLDERS' FUNDS 651,625 579,365

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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.

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 9 August 2024 and were signed on its behalf by:





D Norman - Director


Davon Investments Ltd (Registered number: 10007115)

Notes to the Financial Statements
for the Year Ended 30 April 2024


1. STATUTORY INFORMATION

Davon Investments Ltd 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 amounts received and receivable for interest and associated income from loans advanced. Trade debtors represents capital amounts outstanding at the Statement of Financial Position date. Amounts outstanding at the statement of financial position date on loans received during the year to facilitate lending to property developers, are shown as trade creditors.

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 Statement of Financial Position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the Statement of Financial Position 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.

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.

Recoverability of receivables
The company establishes a provision for loans receivable from developers (trade debtors) that are estimated not to be recoverable. When assessing recoverability the directors consider factors such as the aging of the receivables, past experience of recoverability and the credit profile of the developer.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,373,856 1,863,057

Davon Investments Ltd (Registered number: 10007115)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans 10,225 9,973
Trade creditors 1,739,113 1,444,208
Tax 23,585 31,964
Directors' current accounts 624 624
1,773,547 1,486,769

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 11,369 10,225
Bank loans - 2-5 years - 11,369
11,369 21,594

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2024 and 30 April 2023:

2024 2023
£    £   
C D Hector
Balance outstanding at start of year (312 ) (312 )
Amounts advanced 312 312
Amounts repaid (312 ) (312 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (312 ) (312 )

D Norman
Balance outstanding at start of year (312 ) (312 )
Amounts advanced 312 312
Amounts repaid (312 ) (312 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (312 ) (312 )

The above loans are unsecured, interest free and repayable on demand.