Acorah Software Products - Accounts Production 16.1.200 false true true false 19 January 2023 31 January 2024 31 January 2024 14603909 James Edward Davis Jerome Brandis Davis iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14603909 2023-01-18 14603909 2024-01-31 14603909 2023-01-19 2024-01-31 14603909 frs-core:CurrentFinancialInstruments 2024-01-31 14603909 frs-core:ShareCapital 2024-01-31 14603909 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 14603909 frs-bus:PrivateLimitedCompanyLtd 2023-01-19 2024-01-31 14603909 frs-bus:FilletedAccounts 2023-01-19 2024-01-31 14603909 frs-bus:SmallEntities 2023-01-19 2024-01-31 14603909 frs-bus:AuditExempt-NoAccountantsReport 2023-01-19 2024-01-31 14603909 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-19 2024-01-31 14603909 frs-bus:Director1 2023-01-19 2024-01-31 14603909 frs-bus:Director2 2023-01-19 2024-01-31 14603909 frs-countries:EnglandWales 2023-01-19 2024-01-31
Registered number: 14603909
Davis Properties Group Ltd
Unaudited Financial Statements
For the Period 19 January 2023 to 31 January 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 14603909
31 January 2024
Notes £ £
CURRENT ASSETS
Debtors 4 3,700
Cash at bank and in hand 47
3,747
Creditors: Amounts Falling Due Within One Year 5 (17,857 )
NET CURRENT ASSETS (LIABILITIES) (14,110 )
TOTAL ASSETS LESS CURRENT LIABILITIES (14,110 )
NET LIABILITIES (14,110 )
CAPITAL AND RESERVES
Called up share capital 6 2
Profit and Loss Account (14,112 )
SHAREHOLDERS' FUNDS (14,110)
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For the period ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
James Edward Davis
Director
16 October 2024
The notes on pages 3 to 4 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Davis Properties Group Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14603909 . The registered office is 20-22 Wenlock Road, London, N1 7GU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern. The directors believe that the company would have sufficient resources to continue to trade for foreseeable future.
2.3. Turnover
Revenue is recognised to the extent that the company obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales taxes or duty. The following criteria must also be met before revenue is recognised:
Income from investment properties
Rental income from investment properties leased out under an operating lease is recognised in the income statement on a straight-line basis over the term of the lease. Lease incentives granted are recognised as an integral part of the total rental income over the life of the lease.
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the period was: 2
2
4. Debtors
31 January 2024
£
Due within one year
Prepayments and accrued income 3,700
5. Creditors: Amounts Falling Due Within One Year
31 January 2024
£
Accruals and deferred income 8,869
Directors' loan accounts 8,933
Amounts owed to related parties 55
17,857
6. Share Capital
31 January 2024
£
Allotted, Called up and fully paid 2
7. Related Party Transactions
Included in creditors due within one year is an amount of £8,933 owed to its directors. The amount is interest free and repayable on demand.
Included in creditors due within one year is an amount of £55 owed to the company in which the director has beneficial interest. The amount is interest free and repayable on demand.
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