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REGISTERED NUMBER: 01740476 (England and Wales)















DAVENHEATH LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






DAVENHEATH LIMITED (REGISTERED NUMBER: 01740476)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


DAVENHEATH LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: A S Dadley
Mrs S Gregory





REGISTERED OFFICE: 11 Rosedene Gardens
Ilford
Essex
IG2 6YE





REGISTERED NUMBER: 01740476 (England and Wales)





ACCOUNTANTS: Howard Walters
Chartered Certified Accountants
11 Rosedene Gardens
Ilford
Essex
IG2 6YE

DAVENHEATH LIMITED (REGISTERED NUMBER: 01740476)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 76,935 53,478
Investment property 5 499,999 499,999
576,934 553,477

CURRENT ASSETS
Stocks 43,810 46,145
Debtors 6 95,266 125,526
Cash at bank and in hand 237,149 73,315
376,225 244,986
CREDITORS
Amounts falling due within one year 7 144,760 137,591
NET CURRENT ASSETS 231,465 107,395
TOTAL ASSETS LESS CURRENT LIABILITIES 808,399 660,872

PROVISIONS FOR LIABILITIES 48,248 42,383
NET ASSETS 760,151 618,489

CAPITAL AND RESERVES
Called up share capital 82 82
Capital redemption reserve 200 200
Retained earnings 759,869 618,207
760,151 618,489

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 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.

DAVENHEATH LIMITED (REGISTERED NUMBER: 01740476)

STATEMENT OF FINANCIAL POSITION - 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 October 2024 and were signed on its behalf by:





Mrs S Gregory - Director


DAVENHEATH LIMITED (REGISTERED NUMBER: 01740476)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Davenheath 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 as modified by the revaluation of certain assets.

Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, exclusive of Value Added Tax and trade discounts.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

DAVENHEATH LIMITED (REGISTERED NUMBER: 01740476)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term, except where the period to the review date on which the rent is first expected to be adjusted to the prevailing market rate is shorter than the full lease term, in which case the shorter period is used.

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 10 (2023 - 10 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 228,319
Additions 60,548
Disposals (51,365 )
At 31 March 2024 237,502
DEPRECIATION
At 1 April 2023 174,841
Charge for year 22,971
Eliminated on disposal (37,245 )
At 31 March 2024 160,567
NET BOOK VALUE
At 31 March 2024 76,935
At 31 March 2023 53,478

DAVENHEATH LIMITED (REGISTERED NUMBER: 01740476)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 499,999
NET BOOK VALUE
At 31 March 2024 499,999
At 31 March 2023 499,999

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2017 117,858
Valuation in 2018 (62,500 )
Valuation in 2021 30,700
Valuation in 2022 29,999
Cost 383,942
499,999

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 75,577 105,532
Other debtors 19,689 19,994
95,266 125,526

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 27,934 34,469
Taxation and social security 112,730 96,892
Other creditors 4,096 6,230
144,760 137,591

8. ULTIMATE CONTROLLING PARTY

At the date of approval of these financial statements, the ultimate controlling parties are Mr A Dadley and Mrs S Gregory, directors and majority shareholders.