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REGISTERED NUMBER: 10470817 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Davis Capital Ltd

Davis Capital Ltd (Registered number: 10470817)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Davis Capital Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: N Thornton
W A Wild





REGISTERED OFFICE: 4 Bank Parade
Preston
Lancashire
PR1 3TA





REGISTERED NUMBER: 10470817 (England and Wales)





ACCOUNTANTS: Egan Roberts Limited
Accountants
Citygate
Longridge Road
Preston
Lancashire
PR2 5BQ

Davis Capital Ltd (Registered number: 10470817)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 54,720 63,776
Investment property 5 580,000 580,000
634,720 643,776

CURRENT ASSETS
Debtors 6 1,013 9,148
Cash at bank 179 270
1,192 9,418
CREDITORS
Amounts falling due within one year 7 349,568 345,561
NET CURRENT LIABILITIES (348,376 ) (336,143 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

286,344

307,633

PROVISIONS FOR LIABILITIES 39,441 39,441
NET ASSETS 246,903 268,192

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 246,901 268,190
SHAREHOLDERS' FUNDS 246,903 268,192

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

Davis Capital Ltd (Registered number: 10470817)

Balance Sheet - continued
31 December 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 Board of Directors and authorised for issue on 23 September 2024 and were signed on its behalf by:





W A Wild - Director


Davis Capital Ltd (Registered number: 10470817)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Davis Capital 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.

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
Improvements to property - 10% Reducing balance
Computer Equipment - 33% Reducing balance
Office Equipment - 25% 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

Davis Capital Ltd (Registered number: 10470817)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 January 2023
and 31 December 2023 47,380 17,460 782 65,622
DEPRECIATION
At 1 January 2023 1,071 732 43 1,846
Charge for year 4,630 4,182 244 9,056
At 31 December 2023 5,701 4,914 287 10,902
NET BOOK VALUE
At 31 December 2023 41,679 12,546 495 54,720
At 31 December 2022 46,309 16,728 739 63,776

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 580,000
NET BOOK VALUE
At 31 December 2023 580,000
At 31 December 2022 580,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors (1 ) -
VAT 368 9,148
Prepayments 646 -
1,013 9,148

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 3,792 225
Amounts owed to associates 344,316 266,316
Other creditors - 77,500
Accrued expenses 1,460 1,520
349,568 345,561