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REGISTERED NUMBER: 02904575 (England and Wales)















David Andrew Estates Limited

Unaudited Financial Statements for the Year Ended 31 March 2024






David Andrew Estates Limited (Registered number: 02904575)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


David Andrew Estates Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Mr D S Brett





SECRETARY: Mrs C L Brett





REGISTERED OFFICE: 97 Judd Street
London
WC1H 9JF





REGISTERED NUMBER: 02904575 (England and Wales)





ACCOUNTANTS: Chris Syrimis & Co
Chartered Certified Accountants
97 Judd Street
London
WC1H 9JG

David Andrew Estates Limited (Registered number: 02904575)

Balance Sheet
31 March 2024

31/3/24 31/3/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 33,213 40,736

CURRENT ASSETS
Debtors 5 1,090,522 532,964
Cash at bank and in hand 2,104,895 2,195,212
3,195,417 2,728,176
CREDITORS
Amounts falling due within one year 6 375,637 267,201
NET CURRENT ASSETS 2,819,780 2,460,975
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,852,993

2,501,711

PROVISIONS FOR LIABILITIES 6,504 6,504
NET ASSETS 2,846,489 2,495,207

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,846,389 2,495,107
SHAREHOLDERS' FUNDS 2,846,489 2,495,207

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

David Andrew Estates Limited (Registered number: 02904575)

Balance Sheet - continued
31 March 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 August 2024 and were signed by:





Mr D S Brett - Director


David Andrew Estates Limited (Registered number: 02904575)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

David Andrew Estates 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - in accordance with the property
Fixtures and fittings - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

David Andrew Estates Limited (Registered number: 02904575)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 31 (2023 - 28 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short and
leasehold fittings Totals
£    £    £   
COST
At 1 April 2023 75,308 371,307 446,615
Additions - 3,548 3,548
At 31 March 2024 75,308 374,855 450,163
DEPRECIATION
At 1 April 2023 75,308 330,571 405,879
Charge for year - 11,071 11,071
At 31 March 2024 75,308 341,642 416,950
NET BOOK VALUE
At 31 March 2024 - 33,213 33,213
At 31 March 2023 - 40,736 40,736

5. DEBTORS
31/3/24 31/3/23
£    £   
Amounts falling due within one year:
Trade debtors 37,555 32,221
Other debtors 23,790 14,891
Directors' current accounts 201,091 -
262,436 47,112

David Andrew Estates Limited (Registered number: 02904575)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. DEBTORS - continued
31/3/24 31/3/23
£    £   
Amounts falling due after more than one year:
Amounts owed by associates 512,988 111,379
Other debtors 136,057 195,432
Directors' loan accounts 179,041 179,041
828,086 485,852

Aggregate amounts 1,090,522 532,964

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Trade creditors 17,261 12,445
Taxation and social security 344,789 244,600
Other creditors 13,587 10,156
375,637 267,201

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

31/3/24 31/3/23
£    £   
Mr D S Brett
Balance outstanding at start of year 179,041 570,559
Amounts advanced 201,091 -
Amounts repaid - (391,518 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 380,132 179,041

The company charges interest at the rate of 2.5% per annum on outstanding loans to its directors.

8. ULTIMATE CONTROLLING PARTY

The controlling party is Mr D S Brett.