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REGISTERED NUMBER: 07781166 (England and Wales)














Financial Statements

for the Year Ended 31 March 2024

for

J. Davidson (Properties) Limited

J. Davidson (Properties) Limited (Registered number: 07781166)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Balance Sheet 1

Notes to the Financial Statements 2


J. Davidson (Properties) Limited (Registered number: 07781166)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,545,712 2,542,000

CURRENT ASSETS
Debtors 5 - 47,141
Cash at bank 194,879 165,287
194,879 212,428
CREDITORS
Amounts falling due within one year 6 2,197,721 2,197,336
NET CURRENT LIABILITIES (2,002,842 ) (1,984,908 )
TOTAL ASSETS LESS CURRENT LIABILITIES 542,870 557,092

CREDITORS
Amounts falling due after more than one year 7 (447,588 ) (487,837 )

PROVISIONS FOR LIABILITIES (12,312 ) -
NET ASSETS 82,970 69,255

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 82,969 69,254
SHAREHOLDERS' FUNDS 82,970 69,255

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 October 2024 and were signed by:





J A Davidson - Director


J. Davidson (Properties) Limited (Registered number: 07781166)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

J. Davidson (Properties) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 07781166

Registered office: 35 Craven Road
Broadheath
Altrincham
Cheshire
WA14 5HD

The presentation currency of the financial statements is the Pound Sterling (£).


The financial statements are presented in Sterling, which is the functional currency of the company.

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.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and have been consistently applied within these accounts.

Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold property - 2% reducing balance
Fixtures and fittings - 15% reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 taxation
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.

Other income
Other income comprises revenue recognised by the company in respect of rent received during the period, exclusive of value added tax.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

J. Davidson (Properties) Limited (Registered number: 07781166)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and
property fittings Totals
£    £    £   
COST
At 1 April 2023 2,829,162 27,680 2,856,842
Additions 30,922 - 30,922
At 31 March 2024 2,860,084 27,680 2,887,764
DEPRECIATION
At 1 April 2023 293,518 21,324 314,842
Charge for year 26,257 953 27,210
At 31 March 2024 319,775 22,277 342,052
NET BOOK VALUE
At 31 March 2024 2,540,309 5,403 2,545,712
At 31 March 2023 2,535,644 6,356 2,542,000

Included in cost of land and buildings is freehold land of £ 1,255,200 (2023 - £ 1,255,200 ) which is not depreciated.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors - 47,141

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 49,000 49,000
Amounts owed to group undertakings 2,141,098 2,148,336
Taxation and social security 7,623 -
2,197,721 2,197,336

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans 447,588 487,837

Amounts falling due in more than five years:

Repayable by instalments
Bank loans 251,588 291,837

J. Davidson (Properties) Limited (Registered number: 07781166)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Bank loans 496,588 536,837

Bank loans are secured by first legal charge over the freehold of 35 Craven Road, Altrincham and its associated assets, and first legal charge over the freehold of Jarvis House, Atlantic Street, Altrincham and its associated assets.

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Jeremy Bostock BA FCA (Senior Statutory Auditor)
for and on behalf of Thompson Wright Limited

10. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

11. FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many other businesses of our size and nature we use our auditors to assist with the preparation of the financial statements.