Registered number
06656401
Daviot Street (Cardiff) Management Company Ltd
Filleted Accounts
31 July 2024
Daviot Street (Cardiff) Management Company Ltd
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Current assets
Debtors 3 849 898
Cash at bank and in hand 1,588 583
2,437 1,481
Creditors: amounts falling due within one year 4 (1,058) (317)
Net current assets 1,379 1,164
Net assets 1,379 1,164
Capital and reserves
Called up share capital 9 9
Maintenance Reserve 1,370 1,155
Shareholders' funds 1,379 1,164
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr B Earing
Director
Approved by the board on 1 October 2024
Daviot Street (Cardiff) Management Company Ltd
Notes to the Accounts
for the year ended 31 July 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Debtors 2024 2023
£ £
Other debtors 849 898
4 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 759 -
Other creditors 299 317
1,058 317
5 Controlling party
The company is under the control of Mr B Earing, who oversees it's day to day operations on behalf of the shareholders.
6 Other information
Daviot Street (Cardiff) Management Company Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Ffynonwen Farm
Groeswen
Cardiff
CF15 7UU
Daviot Street (Cardiff) Management Company Ltd 06656401 false 2023-08-01 2024-07-31 2024-07-31 VT Final Accounts July 2024 Mr B Earing No description of principal activity 06656401 2022-08-01 2023-07-31 06656401 core:WithinOneYear 2023-07-31 06656401 core:ShareCapital 2023-07-31 06656401 core:RetainedEarningsAccumulatedLosses 2023-07-31 06656401 2023-08-01 2024-07-31 06656401 bus:EntityHasNeverTraded 2023-08-01 2024-07-31 06656401 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 06656401 bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 06656401 bus:Director40 2023-08-01 2024-07-31 06656401 1 2023-08-01 2024-07-31 06656401 2 2023-08-01 2024-07-31 06656401 countries:England 2023-08-01 2024-07-31 06656401 bus:FRS102 2023-08-01 2024-07-31 06656401 bus:FilletedAccounts 2023-08-01 2024-07-31 06656401 2024-07-31 06656401 core:WithinOneYear 2024-07-31 06656401 core:ShareCapital 2024-07-31 06656401 core:RetainedEarningsAccumulatedLosses 2024-07-31 06656401 2023-07-31 iso4217:GBP xbrli:pure