2023-04-012023-12-312023-12-31false09444794Davy-Martin & Co. Limited2024-11-0668209iso4217:GBPxbrli:pure094447942023-04-01094447942023-12-31094447942023-04-012023-12-31094447942022-04-01094447942023-03-31094447942022-04-012023-03-3109444794bus:SmallEntities2023-04-012023-12-3109444794bus:AuditExempt-NoAccountantsReport2023-04-012023-12-3109444794bus:FullAccounts2023-04-012023-12-3109444794bus:PrivateLimitedCompanyLtd2023-04-012023-12-3109444794core:WithinOneYear2023-12-3109444794core:AfterOneYear2023-12-3109444794core:WithinOneYear2023-03-3109444794core:AfterOneYear2023-03-3109444794core:ShareCapital2023-12-3109444794core:SharePremium2023-12-3109444794core:RevaluationReserve2023-12-3109444794core:OtherReservesSubtotal2023-12-3109444794core:RetainedEarningsAccumulatedLosses2023-12-3109444794core:ShareCapital2023-03-3109444794core:SharePremium2023-03-3109444794core:RevaluationReserve2023-03-3109444794core:OtherReservesSubtotal2023-03-3109444794core:RetainedEarningsAccumulatedLosses2023-03-3109444794core:LandBuildings2023-12-3109444794core:PlantMachinery2023-12-3109444794core:Vehicles2023-12-3109444794core:FurnitureFittings2023-12-3109444794core:OfficeEquipment2023-12-3109444794core:NetGoodwill2023-12-3109444794core:IntangibleAssetsOtherThanGoodwill2023-12-3109444794core:ListedExchangeTraded2023-12-3109444794core:UnlistedNon-exchangeTraded2023-12-3109444794core:LandBuildings2023-03-3109444794core:PlantMachinery2023-03-3109444794core:Vehicles2023-03-3109444794core:FurnitureFittings2023-03-3109444794core:OfficeEquipment2023-03-3109444794core:NetGoodwill2023-03-3109444794core:IntangibleAssetsOtherThanGoodwill2023-03-3109444794core:ListedExchangeTraded2023-03-3109444794core:UnlistedNon-exchangeTraded2023-03-3109444794core:LandBuildings2023-04-012023-12-3109444794core:PlantMachinery2023-04-012023-12-3109444794core:Vehicles2023-04-012023-12-3109444794core:FurnitureFittings2023-04-012023-12-3109444794core:OfficeEquipment2023-04-012023-12-3109444794core:NetGoodwill2023-04-012023-12-3109444794core:IntangibleAssetsOtherThanGoodwill2023-04-012023-12-3109444794core:ListedExchangeTraded2023-04-012023-12-3109444794core:UnlistedNon-exchangeTraded2023-04-012023-12-3109444794core:MoreThanFiveYears2023-04-012023-12-3109444794core:Non-currentFinancialInstruments2023-12-3109444794core:Non-currentFinancialInstruments2023-03-3109444794dpl:CostSales2023-04-012023-12-3109444794dpl:DistributionCosts2023-04-012023-12-3109444794core:LandBuildings2023-04-012023-12-3109444794core:PlantMachinery2023-04-012023-12-3109444794core:Vehicles2023-04-012023-12-3109444794core:FurnitureFittings2023-04-012023-12-3109444794core:OfficeEquipment2023-04-012023-12-3109444794dpl:AdministrativeExpenses2023-04-012023-12-3109444794core:NetGoodwill2023-04-012023-12-3109444794core:IntangibleAssetsOtherThanGoodwill2023-04-012023-12-3109444794dpl:GroupUndertakings2023-04-012023-12-3109444794dpl:ParticipatingInterests2023-04-012023-12-3109444794dpl:GroupUndertakingscore:ListedExchangeTraded2023-04-012023-12-3109444794core:ListedExchangeTraded2023-04-012023-12-3109444794dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-04-012023-12-3109444794core:UnlistedNon-exchangeTraded2023-04-012023-12-3109444794dpl:CostSales2022-04-012023-03-3109444794dpl:DistributionCosts2022-04-012023-03-3109444794core:LandBuildings2022-04-012023-03-3109444794core:PlantMachinery2022-04-012023-03-3109444794core:Vehicles2022-04-012023-03-3109444794core:FurnitureFittings2022-04-012023-03-3109444794core:OfficeEquipment2022-04-012023-03-3109444794dpl:AdministrativeExpenses2022-04-012023-03-3109444794core:NetGoodwill2022-04-012023-03-3109444794core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3109444794dpl:GroupUndertakings2022-04-012023-03-3109444794dpl:ParticipatingInterests2022-04-012023-03-3109444794dpl:GroupUndertakingscore:ListedExchangeTraded2022-04-012023-03-3109444794core:ListedExchangeTraded2022-04-012023-03-3109444794dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-04-012023-03-3109444794core:UnlistedNon-exchangeTraded2022-04-012023-03-3109444794core:NetGoodwill2023-12-3109444794core:IntangibleAssetsOtherThanGoodwill2023-12-3109444794core:LandBuildings2023-12-3109444794core:PlantMachinery2023-12-3109444794core:Vehicles2023-12-3109444794core:FurnitureFittings2023-12-3109444794core:OfficeEquipment2023-12-3109444794core:AfterOneYear2023-12-3109444794core:WithinOneYear2023-12-3109444794core:ListedExchangeTraded2023-12-3109444794core:UnlistedNon-exchangeTraded2023-12-3109444794core:ShareCapital2023-12-3109444794core:SharePremium2023-12-3109444794core:RevaluationReserve2023-12-3109444794core:OtherReservesSubtotal2023-12-3109444794core:RetainedEarningsAccumulatedLosses2023-12-3109444794core:NetGoodwill2023-03-3109444794core:IntangibleAssetsOtherThanGoodwill2023-03-3109444794core:LandBuildings2023-03-3109444794core:PlantMachinery2023-03-3109444794core:Vehicles2023-03-3109444794core:FurnitureFittings2023-03-3109444794core:OfficeEquipment2023-03-3109444794core:AfterOneYear2023-03-3109444794core:WithinOneYear2023-03-3109444794core:ListedExchangeTraded2023-03-3109444794core:UnlistedNon-exchangeTraded2023-03-3109444794core:ShareCapital2023-03-3109444794core:SharePremium2023-03-3109444794core:RevaluationReserve2023-03-3109444794core:OtherReservesSubtotal2023-03-3109444794core:RetainedEarningsAccumulatedLosses2023-03-3109444794core:NetGoodwill2022-04-0109444794core:IntangibleAssetsOtherThanGoodwill2022-04-0109444794core:LandBuildings2022-04-0109444794core:PlantMachinery2022-04-0109444794core:Vehicles2022-04-0109444794core:FurnitureFittings2022-04-0109444794core:OfficeEquipment2022-04-0109444794core:AfterOneYear2022-04-0109444794core:WithinOneYear2022-04-0109444794core:ListedExchangeTraded2022-04-0109444794core:UnlistedNon-exchangeTraded2022-04-0109444794core:ShareCapital2022-04-0109444794core:SharePremium2022-04-0109444794core:RevaluationReserve2022-04-0109444794core:OtherReservesSubtotal2022-04-0109444794core:RetainedEarningsAccumulatedLosses2022-04-0109444794core:AfterOneYear2023-04-012023-12-3109444794core:WithinOneYear2023-04-012023-12-3109444794core:Non-currentFinancialInstrumentscore:CostValuation2023-04-012023-12-3109444794core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-04-012023-12-3109444794core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-04-012023-12-3109444794core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-04-012023-12-3109444794core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-04-012023-12-3109444794core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-04-012023-12-3109444794core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-04-012023-12-3109444794core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-04-012023-12-3109444794core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-04-012023-12-3109444794core:Non-currentFinancialInstrumentscore:CostValuation2023-12-3109444794core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-12-3109444794core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-12-3109444794core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-12-3109444794core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-12-3109444794core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-12-3109444794core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-12-3109444794core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-12-3109444794core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-12-3109444794core:Non-currentFinancialInstrumentscore:CostValuation2023-03-3109444794core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-03-3109444794core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-03-3109444794core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-03-3109444794core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-03-3109444794core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-03-3109444794core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-03-3109444794core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-03-3109444794core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-03-3109444794bus:Director12023-04-012023-12-3109444794bus:Director22023-04-012023-12-31

Davy-Martin & Co. Limited

Registered Number
09444794
(England and Wales)

Unaudited Financial Statements for the Period ended
31 December 2023

Davy-Martin & Co. Limited
Company Information
for the period from 1 April 2023 to 31 December 2023

Directors

Davy-Martin, Lee Philip
Davy-Martin, Lynn

Registered Address

First Floor
5 Fleet Place
London
EC4M 7RD

Registered Number

09444794 (England and Wales)
Davy-Martin & Co. Limited
Balance Sheet as at
31 December 2023

Notes

31 Dec 2023

31 Mar 2023

£

£

£

£

Fixed assets
Tangible assets378,90897,174
Investments51,8761,875
Investment property4417,5891,432,083
498,3731,531,132
Current assets
Debtors948,289204,266
Cash at bank and on hand27,790332,017
976,079536,283
Creditors amounts falling due within one year6(1,194,896)(1,267,445)
Net current assets (liabilities)(218,817)(731,162)
Total assets less current liabilities279,556799,970
Creditors amounts falling due after one year7-(503,750)
Provisions for liabilities8-(21,419)
Net assets279,556274,801
Capital and reserves
Called up share capital210210
Other reserves-95,113
Profit and loss account279,346179,478
Shareholders' funds279,556274,801
The financial statements were approved and authorised for issue by the Board of Directors on 6 November 2024, and are signed on its behalf by:
Davy-Martin, Lee Philip
Director
Registered Company No. 09444794
Davy-Martin & Co. Limited
Notes to the Financial Statements
for the period ended 31 December 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Revenue reflects income from investment property and interest charged on loans made by the company.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Deferred tax
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.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. 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.
Investment property
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently, it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in profit or loss.
2.Average number of employees

20232023
Average number of employees during the year22
3.Tangible fixed assets

Plant & machinery

Total

££
Cost or valuation
At 01 April 2397,24197,241
At 31 December 2397,24197,241
Depreciation and impairment
At 01 April 236767
Charge for year18,26618,266
At 31 December 2318,33318,333
Net book value
At 31 December 2378,90878,908
At 31 March 2397,17497,174
4.Investment property

£
Fair value at 01 April 231,432,083
Disposals(919,381)
Fair value adjustments(95,113)
At 31 December 23417,589
5.Fixed asset investments

Other investments1

Total

££
Cost or valuation
At 01 April 231,8751,875
Additions11
At 31 December 231,8761,876
Net book value
At 31 December 231,8761,876
At 31 March 231,8751,875

Notes

1Other investments other than loans
6.Creditors: amounts due within one year

2023

2023

££
Trade creditors / trade payables370101,292
Taxation and social security38,4801,678
Other creditors1,122,0811,164,034
Accrued liabilities and deferred income33,965441
Total1,194,8961,267,445
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
7.Creditors: amounts due after one year

2023

2023

££
Bank borrowings and overdrafts-503,750
Total-503,750
8.Provisions for liabilities

2023

2023

££
Net deferred tax liability (asset)-21,419
Total-21,419
9.Related party transactions
Within creditors is a balance of £1,117,581 (31 Mar 2023: £1,164,034) due to Lynn Davy-Martin, a Director and Shareholder of the Company. The balance is interest-free and repayable on demand.