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REGISTERED NUMBER: 11233469 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

PAUL DAVIS INVESTMENTS LIMITED

PAUL DAVIS INVESTMENTS LIMITED (REGISTERED NUMBER: 11233469)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


PAUL DAVIS INVESTMENTS LIMITED

COMPANY INFORMATION
for the year ended 31 March 2024







DIRECTOR: Mr P A Davis





REGISTERED OFFICE: 19-20 Bourne Court
Southend Road
Woodford Green
Essex
IG8 8HD





REGISTERED NUMBER: 11233469 (England and Wales)





ACCOUNTANTS: Raffingers LLP
Chartered Certified Accountants
19-20 Bourne Court
Southend Road
Woodford Green
Essex
IG8 8HD

PAUL DAVIS INVESTMENTS LIMITED (REGISTERED NUMBER: 11233469)

ABRIDGED BALANCE SHEET
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 4 305,889 202,600
Investment property 5 260,000 260,000
565,889 462,600

CURRENT ASSETS
Debtors 156,164 -
Cash at bank and in hand 4,590 18,236
160,754 18,236
CREDITORS
Amounts falling due within one year 570,853 309,021
NET CURRENT LIABILITIES (410,099 ) (290,785 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

155,790

171,815

PROVISIONS FOR LIABILITIES 24,731 24,731
NET ASSETS 131,059 147,084

CAPITAL AND RESERVES
Called up share capital 2 2
Fair value reserve 74,192 74,192
Retained earnings 56,865 72,890
SHAREHOLDERS' FUNDS 131,059 147,084

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.

PAUL DAVIS INVESTMENTS LIMITED (REGISTERED NUMBER: 11233469)

ABRIDGED 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 10 September 2024 and were signed by:





Mr P A Davis - Director


PAUL DAVIS INVESTMENTS LIMITED (REGISTERED NUMBER: 11233469)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Paul Davis Investments 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.

The accounts have been prepared on the going concern basis as the director is of the opinion that the company will meet its liabilities as and when due, due to the continued support of the director.

Turnover
Turnover comprises rental income, excluding Value Added Tax, which is recognised in the period which it is earned. Amounts invoiced in excess of the amounts earned during the period are recognised as deferred income in creditors.

Investments in associates
Investments in associate undertakings are recognised at cost.

Investment property
Investment properties are properties held to earn rentals and for capital appreciation. Investment properties are initially measured at cost, including transaction costs. Subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.

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.

PAUL DAVIS INVESTMENTS LIMITED (REGISTERED NUMBER: 11233469)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Short term debtors and creditors
Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

4. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 April 2023 202,600
Additions 103,289
At 31 March 2024 305,889
NET BOOK VALUE
At 31 March 2024 305,889
At 31 March 2023 202,600

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 260,000
NET BOOK VALUE
At 31 March 2024 260,000
At 31 March 2023 260,000

In the opinion of the director, investment property is stated at fair value as at 31 March 2024.

PAUL DAVIS INVESTMENTS LIMITED (REGISTERED NUMBER: 11233469)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

6. RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed £569,293 (2023: £307,581) to Mr P A Davis, the director.

During the previous period, the company received rent of £8,151 from Collingwood Street Limited, a company in which Paul Davis Investments Limited has joint control.

7. POST BALANCE SHEET EVENTS

As of August 2024 the Fixed Asset Investment Register has been impaired by £52,600 resulting in net book value of £253,289.