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Registered number: 07557845
Davina Benito Interiors Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
SRC Advisory
2nd Floor Stanford Gate South Road
Brighton
East Sussex
BN1 6SB
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 07557845
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 5,069 4,778
Investment Properties 5 1,568,000 1,606,000
1,573,069 1,610,778
CURRENT ASSETS
Debtors 6 7,716 7,130
Cash at bank and in hand 11,447 171,202
19,163 178,332
Creditors: Amounts Falling Due Within One Year 7 (984,500 ) (1,139,237 )
NET CURRENT ASSETS (LIABILITIES) (965,337 ) (960,905 )
TOTAL ASSETS LESS CURRENT LIABILITIES 607,732 649,873
PROVISIONS FOR LIABILITIES
Deferred Taxation (103,406 ) (110,571 )
NET ASSETS 504,326 539,302
CAPITAL AND RESERVES
Called up share capital 8 100 100
Revaluation reserve 9 436,730 -
Profit and Loss Account 67,496 539,202
SHAREHOLDERS' FUNDS 504,326 539,302
Page 1
Page 2
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Ms D Benito
Director
5 August 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Davina Benito Interiors Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07557845 . The registered office is 6 Cotton Row, Battersea, London, SW11 3UG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 25% Reducing Balance
Computer Equipment Over 3 years
2.3. Investment Properties
All investment properties are carried at fair value determined annually 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 for. Changes in fair value are recognised in the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost or Valuation
As at 1 April 2023 43,971 9,265 53,236
Additions - 2,028 2,028
As at 31 March 2024 43,971 11,293 55,264
Depreciation
As at 1 April 2023 39,391 9,067 48,458
Provided during the period 1,145 592 1,737
As at 31 March 2024 40,536 9,659 50,195
Net Book Value
As at 31 March 2024 3,435 1,634 5,069
As at 1 April 2023 4,580 198 4,778
5. Investment Property
2024
£
Fair Value
As at 1 April 2023 1,606,000
Revaluations (38,000)
As at 31 March 2024 1,568,000
Page 3
Page 4
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 7,716 7,130
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,836 23
Corporation tax 3,045 712
Other taxes and social security - 44
Accruals & deferred income 2,482 1,731
Director's loan account 977,137 1,136,727
984,500 1,139,237
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
9. Reserves
Revaluation Reserve
£
Net investment property revaluation reserve 436,730
As at 31 March 2024 436,730
Page 4