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DAVENPORT JONES INVESTMENT COMPANY LIMITED

Registered Number
08859023
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2024

DAVENPORT JONES INVESTMENT COMPANY LIMITED
Company Information
for the year from 1 April 2023 to 31 March 2024

Directors

JONES, Camilla
JONES, Christopher Miles Davenport
JONES, Keith Harold Davenport
JONES, Simon Davenport

Registered Address

Number 3 Acorn Business Park
Keighley Road
Skipton
BD23 2UE

Registered Number

08859023 (England and Wales)
DAVENPORT JONES INVESTMENT COMPANY LIMITED
Statement of Financial Position
31 March 2024

Notes

2024

2023

£

£

£

£

Current assets
Debtors31,4211,607
Current asset investments288,450252,431
Cash at bank and on hand1,5417,802
291,412261,840
Creditors amounts falling due within one year4(177,669)(177,669)
Net current assets (liabilities)113,74384,171
Total assets less current liabilities113,74384,171
Net assets113,74384,171
Capital and reserves
Called up share capital1,0001,000
Profit and loss account112,74383,171
Shareholders' funds113,74384,171
The financial statements were approved and authorised for issue by the Board of Directors on 24 September 2024, and are signed on its behalf by:
JONES, Keith Harold Davenport
Director
Registered Company No. 08859023
DAVENPORT JONES INVESTMENT COMPANY LIMITED
Notes to the Financial Statements
for the year ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Basis of preparation
The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Going concern
The directors believe that the company has adequate resources to continue in operational existence for the foreseeable future. The company continues to have the support of the directors, shareholders and creditors and therefore continue to adopt the going concern basis of accounting in preparing the financial statements.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the Income Statement.
Financial instruments
The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
2.Average number of employees

20242023
Average number of employees during the year44
3.Debtors: amounts due within one year

2024

2023

££
Other debtors1,4211,607
Total1,4211,607
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
4.Creditors: amounts due within one year

2024

2023

££
Other creditors175,670175,670
Accrued liabilities and deferred income1,9991,999
Total177,669177,669
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
5.Related party transactions
Included in creditors due within one year are amounts owing to Simon Davenport Jones and Christopher Miles Davenport Jones, shareholders of the company, of £82,835 - (2023- £82,835) and £82,835 - (2023 - £82,835) respectively. The amounts are interest free and repayable on demand.