Registered number
08263698
DAVEE ESTATES LTD
Filleted Accounts
31 October 2024
DAVEE ESTATES LTD
Registered number: 08263698
Balance Sheet
as at 31 October 2024
Notes 2024 2023
£ £
Fixed assets
Investments 3 174,430 174,430
Current assets
Debtors 4 1,498 1,610
Cash at bank and in hand 5,393 44,906
6,891 46,516
Creditors: amounts falling due within one year 5 (7,442) (8,929)
Net current (liabilities)/assets (551) 37,587
Total assets less current liabilities 173,879 212,017
Creditors: amounts falling due after more than one year 6 (147,065) (185,773)
Net assets 26,814 26,244
Capital and reserves
Called up share capital 100 100
Profit and loss account 26,714 26,144
Shareholders' funds 26,814 26,244
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.
IMRAN PATEL
Director
Approved by the board on 4 November 2024
DAVEE ESTATES LTD
Notes to the Accounts
for the year ended 31 October 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.
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.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Investments
Other
investments
£
Cost
At 1 November 2023 174,430
At 31 October 2024 174,430
4 Debtors 2024 2023
£ £
Trade debtors 1,498 1,610
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 2,010 3,521
Other creditors 5,432 5,408
7,442 8,929
6 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors (Loans) 147,065 185,773
7 Loans to directors and Others
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
IMRAN PATEL 41,343 55,697 (10,000) 87,040
ELIAS PATEL 54,405 - (54,405) -
DAVEE LTD 90,025 - (30,000) 60,025
185,773 55,697 (94,405) 147,065
8 Other information
DAVEE ESTATES LTD is a private company limited by shares and incorporated in England. Its registered office is:
45 ASHFIELD
DEWSBURY
WF12 9JW
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