Registered number
09398141
DRV Cavendish Limited
Filleted Accounts
31 January 2024
DRV Cavendish Limited
Registered number: 09398141
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 2,412,778 2,462,638
Current assets
Debtors 5 130,973 130,548
Cash at bank and in hand 61,196 70,269
192,169 200,817
Creditors: amounts falling due within one year 6 (1,453,899) (1,518,347)
Net current liabilities (1,261,730) (1,317,530)
Total assets less current liabilities 1,151,048 1,145,108
Provisions for liabilities (119,733) (129,081)
Net assets 1,031,315 1,016,027
Capital and reserves
Called up share capital 100 100
Fair value reserve 7 511,421 551,273
Profit and loss account 519,794 464,654
Shareholders' funds 1,031,315 1,016,027
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
K C Patel
Director
Approved by the board on 23 October 2024
DRV Cavendish Limited
Notes to the Accounts
for the year ended 31 January 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures and fittings 25% reducing balance
Computer equipment 33.33% on cost
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. 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 profit and loss account.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 February 2023 2,460,000 20,991 2,480,991
At 31 January 2024 2,460,000 20,991 2,480,991
Depreciation
At 1 February 2023 - 18,353 18,353
Charge for the year - 660 660
Fair value reserve 49,200 - 49,200
At 31 January 2024 49,200 19,013 68,213
Net book value
At 31 January 2024 2,410,800 1,978 2,412,778
At 31 January 2023 2,460,001 2,638 2,462,638
4 Taxation
Analysis of the tax charge
The tax charge on the profit for the year was as follows:
2024 2023
£ £
Current tax:
UK corporation tax 17,650 17,595
Deferred tax (9,348) (501)
Tax on profit 8,302 17,094
5 Debtors 2024 2023
£ £
Amounts owed by associated companies 130,000 130,000
Other debtors 973 548
130,973 130,548
6 Creditors: amounts falling due within one year 2024 2023
£ £
Shareholders loan 642,960 692,960
Amounts owed to associated companies 780,000 780,000
Corporation tax 17,650 35,416
Directors loan account 10,290 7,871
Other creditors 2,999 2,100
1,453,899 1,518,347
7 Fair value reserve 2024 2023
The provision for liability of £119,733 relates to deferred corporation tax in relation to the fair value revaluation of investment property.
£ £
At 1 February 2023 551,273 550,148
(Loss)/gain on revaluation of land and buildings (49,200) 1,125
Deferred taxation arising on the revaluation of land and buildings 9,348 -
At 31 January 2024 511,421 551,273
8 Related party transactions
As at 31 January 2024, the company owed £10,290.20 (2023: £7,871) to the directors of the company.

During the year, £780,000 (2023: £780,000) was owed to Davenport Manor Nursing Home Limited and £130,000 (2023: £130,000) was owed by Moor Park Developments Ltd.

There are no terms as to interest or repayment attached to the above balances.
9 Other information
DRV Cavendish Limited is a private company limited by shares and incorporated in England. Its registered office is:
3 Penrose Mead
Writtle
Chelmsford
Essex
CM1 3GD
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