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REGISTERED NUMBER: 03808140 (England and Wales)










Unaudited Financial Statements

For The Year Ended 30 June 2024

for

David Christopher Jewellers Limited

David Christopher Jewellers Limited (Registered number: 03808140)






Contents of the Financial Statements
For The Year Ended 30 June 2024




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


David Christopher Jewellers Limited

Company Information
For The Year Ended 30 June 2024







DIRECTORS: D A Warr
M Warr
A Warr
Mrs S.M Warr



REGISTERED OFFICE: 3 The Maltings
Ross-on-Wye
Herefordshire
HR9 7YB



REGISTERED NUMBER: 03808140 (England and Wales)



ACCOUNTANTS: Kingscott Dix Limited
Chartered Accountants
Goodridge Court
Goodridge Avenue
Gloucester
Gloucestershire
GL2 5EN



BANKERS: Santander
Bootle
Merseyside
L30 4GB

David Christopher Jewellers Limited (Registered number: 03808140)

Abridged Statement of Financial Position
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 2,475
Investments 5 409,600 409,600
Investment property 6 1,634,061 1,634,061
2,043,661 2,046,136

CURRENT ASSETS
Debtors 1,114,987 1,054,313
Cash at bank 36,630 30,616
1,151,617 1,084,929
CREDITORS
Amounts falling due within one year 1,805,265 1,743,110
NET CURRENT LIABILITIES (653,648 ) (658,181 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,390,013

1,387,955

PROVISIONS FOR LIABILITIES - 3,709
NET ASSETS 1,390,013 1,384,246

CAPITAL AND RESERVES
Called up share capital 4,050 4,050
Share premium 405,000 405,000
Revaluation reserve 7 294,778 294,778
Capital redemption reserve 450 450
Retained earnings 685,735 679,968
SHAREHOLDERS' FUNDS 1,390,013 1,384,246

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

David Christopher Jewellers Limited (Registered number: 03808140)

Abridged Statement of Financial Position - continued
30 June 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 Statement of Financial Position for the year ended 30 June 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 Board of Directors and authorised for issue on 14 October 2024 and were signed on its behalf by:




M Warr - Director



A Warr - Director


David Christopher Jewellers Limited (Registered number: 03808140)

Notes to the Financial Statements
For The Year Ended 30 June 2024

1. STATUTORY INFORMATION

David Christopher Jewellers 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.

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 - 15% on 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.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Impairment of financial assets
Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. The impairment loss is recognised in profit or loss.

Derecognition of financial assets
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire, or when it transfers the financial asset and substantially all the risks and rewards of ownership to another entity.

David Christopher Jewellers Limited (Registered number: 03808140)

Notes to the Financial Statements - continued
For The Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including trade and other creditors, bank loans and loans from fellow group companies are recognised at transaction price.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if payment is due within one year. If not, they are presented as creditors falling due after more than one year. Trade creditors are recognised at transaction price.

Derecognition of financial liabilities
Financial liabilities are derecognised when, and only when, the company's obligations are discharged, cancelled, or they expire.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST OR VALUATION
At 1 July 2023 14,792
Disposals (14,792 )
At 30 June 2024 -
DEPRECIATION
At 1 July 2023 12,317
Eliminated on disposal (12,317 )
At 30 June 2024 -
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 2,475

Cost or valuation at 30 June 2024 is represented by:

Totals
£   

David Christopher Jewellers Limited (Registered number: 03808140)

Notes to the Financial Statements - continued
For The Year Ended 30 June 2024

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 July 2023
and 30 June 2024 409,600
NET BOOK VALUE
At 30 June 2024 409,600
At 30 June 2023 409,600

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023
and 30 June 2024 1,634,061
NET BOOK VALUE
At 30 June 2024 1,634,061
At 30 June 2023 1,634,061

Fair value at 30 June 2024 is represented by:
£   
Valuation in 2015 294,778
Cost 1,339,283
1,634,061

The investment properties have valued at open market value by the directors.

7. RESERVES
Revaluation
reserve
£   
At 1 July 2023
and 30 June 2024 294,778