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REGISTERED NUMBER: 02178479 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 29 NOVEMBER 2022 TO 27 NOVEMBER 2023

FOR

DAVIS PROPERTIES LIMITED

DAVIS PROPERTIES LIMITED (REGISTERED NUMBER: 02178479)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 29 NOVEMBER 2022 TO 27 NOVEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


DAVIS PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE PERIOD 29 NOVEMBER 2022 TO 27 NOVEMBER 2023







DIRECTOR: M W Davis





REGISTERED OFFICE: Farncombe House
8 Farncombe Road
Worthing
West Sussex
BN11 2BE





REGISTERED NUMBER: 02178479 (England and Wales)





ACCOUNTANTS: Galloways Accounting (Hove) Limited
The Old Casino
28 Fourth Avenue
Hove
East Sussex
BN3 2PJ

DAVIS PROPERTIES LIMITED (REGISTERED NUMBER: 02178479)

BALANCE SHEET
27 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 466,808 466,808

CURRENT ASSETS
Cash at bank 155,066 129,034

CREDITORS
Amounts falling due within one year 4 174,074 156,373
NET CURRENT LIABILITIES (19,008 ) (27,339 )
TOTAL ASSETS LESS CURRENT LIABILITIES 447,800 439,469

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 5 22,714 22,714
Retained earnings 424,986 416,655
SHAREHOLDERS' FUNDS 447,800 439,469

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 27 November 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 27 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 26 November 2024 and were signed by:





M W Davis - Director


DAVIS PROPERTIES LIMITED (REGISTERED NUMBER: 02178479)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 29 NOVEMBER 2022 TO 27 NOVEMBER 2023

1. 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.

These financial statements have been prepared on the basis that the company will continue to be a going concern. If this assumption is not considered valid, then adjustments would need to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that might arise and to reclassify fixed assets and long term liabilities as current assets and liabilities.

Turnover
Turnover represents sales of goods & services net of trade discounts. Turnover is recognised when the goods are physically delivered to the customer.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2022 - NIL).

3. TANGIBLE FIXED ASSETS
Freehold Long
property leasehold Totals
£    £    £   
COST
At 29 November 2022
and 27 November 2023 220,617 246,191 466,808
NET BOOK VALUE
At 27 November 2023 220,617 246,191 466,808
At 28 November 2022 220,617 246,191 466,808

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 1
Tax 33,540 34,468
Directors' current accounts 137,954 116,954
Accrued expenses 2,580 4,950
174,074 156,373

5. RESERVES
Revaluation
reserve
£   
At 29 November 2022
and 27 November 2023 22,714

6. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year, Mr M Davis increased his loan to the company. As at 28 November 2022, the company owed him £137,954 (2022: £116,954. This balance represented the maximum amount outstanding during the year and the loan is interest free and repayable on demand.

DAVIS PROPERTIES LIMITED (REGISTERED NUMBER: 02178479)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 29 NOVEMBER 2022 TO 27 NOVEMBER 2023

7. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is M W Davis.

This was by virtue of his 100% holding of the issued share capital.