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REGISTERED NUMBER: 01126237 (England and Wales)














Davidia Developments Ltd

Unaudited Financial Statements

for the Year Ended 30 April 2024






Davidia Developments Ltd (Registered number: 01126237)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Davidia Developments Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTORS: N De La Hay Shorthouse
P C De La Hay Shorthouse
J De La Hay Shorthouse
Z N De La Hay Waterman





SECRETARY: P C De La Hay Shorthouse





REGISTERED OFFICE: 120 Lawrence Road
Southsea
Hampshire
PO5 1NZ





REGISTERED NUMBER: 01126237 (England and Wales)





ACCOUNTANTS: Barter Durgan
Chartered Accountants
10 Victoria Road South
Southsea
Hampshire
PO5 2DA

Davidia Developments Ltd (Registered number: 01126237)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 193,500 193,500
Investments 5 51,646 66,789
245,146 260,289

CURRENT ASSETS
Cash at bank 7,072 2,917

CREDITORS
Amounts falling due within one year 6 3,172 2,989
NET CURRENT ASSETS/(LIABILITIES) 3,900 (72 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

249,046

260,217

CAPITAL AND RESERVES
Called up share capital 20,000 20,000
Retained earnings 229,046 240,217
SHAREHOLDERS' FUNDS 249,046 260,217

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.

Davidia Developments Ltd (Registered number: 01126237)

Balance Sheet - continued
30 April 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 September 2024 and were signed on its behalf by:





N De La Hay Shorthouse - Director


Davidia Developments Ltd (Registered number: 01126237)

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

1. STATUTORY INFORMATION

Davidia Developments 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 as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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 NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
At 1 May 2023
and 30 April 2024 193,500
NET BOOK VALUE
At 30 April 2024 193,500
At 30 April 2023 193,500

Davidia Developments Ltd (Registered number: 01126237)

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

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 May 2023 66,789
Disposals (19,800 )
Revaluations 4,657
At 30 April 2024 51,646
NET BOOK VALUE
At 30 April 2024 51,646
At 30 April 2023 66,789

Cost or valuation at 30 April 2024 is represented by:

Other
investments
£   
Valuation in 2015 187,208
Valuation in 2016 (7,506 )
Valuation in 2017 7,826
Valuation in 2018 (17,810 )
Valuation in 2019 (17,888 )
Valuation in 2020 (31,857 )
Valuation in 2021 (9,445 )
Valuation in 2022 (27,339 )
Valuation in 2023 (16,400 )
Valuation in 2024 (15,143 )
51,646

The company holds a 99 year investment bond which was started in 2003. The investment bond is valued annually by the portfolio manager, Clerical Medical, at current market value.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation 811 628
Directors' current accounts 141 141
Accrued expenses 2,220 2,220
3,172 2,989