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REGISTERED NUMBER: 09809687 (England and Wales)








Unaudited Financial Statements

for the Year Ended

31 October 2023

for

Davies Holdings Midlands Limited

Davies Holdings Midlands Limited (Registered number: 09809687)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Davies Holdings Midlands Limited

Company Information
for the Year Ended 31 October 2023







DIRECTORS: B S Davies
Mrs C I Davies
G Davies
G Davies
Mrs C Ince





REGISTERED OFFICE: 4 Lowndes Road
Stourbridge
West Midlands
DY8 3SS





REGISTERED NUMBER: 09809687 (England and Wales)





ACCOUNTANTS: Nicklin Accountancy Services Limited
Church Court
Stourbridge Road
Halesowen
West Midlands
B63 3TT

Davies Holdings Midlands Limited (Registered number: 09809687)

Balance Sheet
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 65,686 37,452
Investments 5 200 200
Investment property 6 1,611,273 1,811,273
1,677,159 1,848,925

CURRENT ASSETS
Debtors 7 18,081 18,039
Cash at bank 122,679 35,319
140,760 53,358
CREDITORS
Amounts falling due within one year 8 950,576 886,002
NET CURRENT LIABILITIES (809,816 ) (832,644 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

867,343

1,016,281

CREDITORS
Amounts falling due after more than one
year

9

(723,530

)

(818,266

)

PROVISIONS FOR LIABILITIES (10,664 ) (17,387 )
NET ASSETS 133,149 180,628

CAPITAL AND RESERVES
Called up share capital 200 200
Fair value reserve 11 31,990 74,127
Retained earnings 100,959 106,301
133,149 180,628

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 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.

Davies Holdings Midlands Limited (Registered number: 09809687)

Balance Sheet - continued
31 October 2023


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 18 October 2024 and were signed on its behalf by:





G Davies - Director


Davies Holdings Midlands Limited (Registered number: 09809687)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Davies Holdings Midlands 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.

Preparation of consolidated financial statements
The financial statements contain information about Davies Holdings Midlands Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on cost and 10% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at 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.

Investment properties have been revalued in the year, by the Directors, based on their option of the open market value of the properties as at 31st October 2023.

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.

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.

Davies Holdings Midlands Limited (Registered number: 09809687)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2022 40,035
Additions 36,091
At 31 October 2023 76,126
DEPRECIATION
At 1 November 2022 2,583
Charge for year 7,857
At 31 October 2023 10,440
NET BOOK VALUE
At 31 October 2023 65,686
At 31 October 2022 37,452

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 November 2022
and 31 October 2023 200
NET BOOK VALUE
At 31 October 2023 200
At 31 October 2022 200

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2022 1,811,273
Disposals (200,000 )
At 31 October 2023 1,611,273
NET BOOK VALUE
At 31 October 2023 1,611,273
At 31 October 2022 1,811,273

Fair value at 31 October 2023 is represented by:
£   
Valuation in 2020 42,654
Cost 1,568,619
1,611,273

Davies Holdings Midlands Limited (Registered number: 09809687)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

6. INVESTMENT PROPERTY - continued

The investment properties are included in the accounts at the directors estimate of open market value at 31st October 2023.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 4,886 6,667
Other debtors 13,195 11,372
18,081 18,039

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 60,554 70,338
Trade creditors 25,733 29,357
Amounts owed to group undertakings 789,113 711,701
Taxation and social security 6,141 149
Other creditors 69,035 74,457
950,576 886,002

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 723,530 818,266

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 784,084 888,604

11. RESERVES
Fair
value
reserve
£   
At 1 November 2022 74,127
Fair value movement (42,137 )

At 31 October 2023 31,990

12. RELATED PARTY DISCLOSURES

The balance due to directors as at 31st October 2023 was £62,435 (2022 - £72,857).

The balance due to the subsidiary company and other companies in which the directors have an interest was £789,113 (2022 - £711,701).