REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 29 NOVEMBER 2022 TO 27 NOVEMBER 2023 |
FOR |
DAVIS PROPERTIES LIMITED |
REGISTERED NUMBER: |
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: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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 |
CURRENT ASSETS |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 4 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
Revaluation reserve | 5 |
Retained earnings |
SHAREHOLDERS' FUNDS |
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 were approved by the director and authorised for issue on |
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 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 |
NET BOOK VALUE |
At 27 November 2023 |
At 28 November 2022 |
4. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Bank loans and overdrafts |
Tax |
Directors' current accounts | 137,954 | 116,954 |
Accrued expenses |
5. | RESERVES |
Revaluation |
reserve |
£ |
At 29 November 2022 |
and 27 November 2023 |
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 |
This was by virtue of his 100% holding of the issued share capital. |