Davis Developments (SW) Limited 05415363 true 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is Developer Digita Accounts Production Advanced 6.30.9574.0 true true 05415363 2023-04-01 2024-03-31 05415363 2024-03-31 05415363 bus:Director2 1 2024-03-31 05415363 bus:OrdinaryShareClass1 2024-03-31 05415363 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 05415363 bus:SmallEntities 2023-04-01 2024-03-31 05415363 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 05415363 bus:FullAccounts 2023-04-01 2024-03-31 05415363 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 05415363 bus:RegisteredOffice 2023-04-01 2024-03-31 05415363 bus:Director2 2023-04-01 2024-03-31 05415363 bus:Director2 1 2023-04-01 2024-03-31 05415363 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 05415363 bus:EntityNoLongerTradingButTradedInPast 2023-04-01 2024-03-31 05415363 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 05415363 countries:EnglandWales 2023-04-01 2024-03-31 05415363 2023-03-31 05415363 bus:Director2 1 2023-03-31 05415363 2022-04-01 2023-03-31 05415363 2023-03-31 05415363 bus:Director2 1 2023-03-31 05415363 bus:OrdinaryShareClass1 2023-03-31 05415363 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 05415363 bus:Director2 1 2022-04-01 2023-03-31 05415363 bus:Director2 1 2022-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 05415363

Davis Developments (SW) Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

Davis Developments (SW) Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Davis Developments (SW) Limited

Company Information

Director

Mr Adrian Davis

Registered office

The Old Rectory
Ashwater
Beaworthy
Devon
EX21 5EL

Solicitors

Stones
Linacre House
Southernhay Gardens
Exeter
Devon
EX1 1UG

Accountants

Neil Wilson & Co Chartered Accountants
Bank Chambers
260-262 Union Street
Torquay
Devon
TQ2 5QU

 

Davis Developments (SW) Limited

(Registration number: 05415363)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Investment property

4

70,000

70,000

Current assets

 

Stocks

5

31,000

30,000

Cash at bank and in hand

 

7

7

 

31,007

30,007

Creditors: Amounts falling due within one year

6

(101,401)

(100,984)

Net current liabilities

 

(70,394)

(70,977)

Net liabilities

 

(394)

(977)

Capital and reserves

 

Called up share capital

7

1

1

Retained earnings

(395)

(978)

Shareholders' deficit

 

(394)

(977)

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 22 October 2024
 

.........................................
Mr Adrian Davis
Director

 

Davis Developments (SW) Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
The Old Rectory
Ashwater
Beaworthy
Devon
EX21 5EL

These financial statements were authorised for issue by the director on 22 October 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

 

Davis Developments (SW) Limited

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

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

4

Investment properties

2024
£

At 1 April

70,000

At 31 March

70,000

There has been no valuation of investment property by an independent valuer.

5

Stocks

2024
£

2023
£

Work in progress

31,000

30,000

 

Davis Developments (SW) Limited

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

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Accruals and deferred income

225

225

Out of balance to Trade and other payables category

(101,176)

(100,759)

7

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary of £1 each

1

1

1

1

         

8

Related party transactions

 

Davis Developments (SW) Limited

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

Transactions with the director

2024

At 1 April 2023
£

Other payments made to company by director
£

At 31 March 2024
£

Mr Adrian Davis

loan from director

(100,759)

(417)

(101,176)

       
     

 

2023

At 1 April 2022
£

Repayments by director
£

At 31 March 2023
£

Mr Adrian Davis

loan from director

(99,930)

(829)

(100,759)