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Registration number: 07779654

D & V HOMES LTD

Unaudited Filleted Financial Statements

for the Year Ended 30 September 2024

 

D & V HOMES LTD

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

D & V HOMES LTD

Company Information

Directors

D Li

V S Hunjan

Registered office

Churchill House
120 Bunns Lane
Mill Hill
London
NW7 2AS

Accountants

K&S Professionals Limited
Chartered Certified Accountants41 Rivington Crescent
Mill Hill
London
NW7 2LF

 

D & V HOMES LTD

(Registration number: 07779654)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

5,579

9,568

Current assets

 

Debtors

5

161,285

166,778

Cash at bank and in hand

 

-

624

 

161,285

167,402

Creditors: Amounts falling due within one year

6

(142,364)

(148,481)

Net current assets

 

18,921

18,921

Net assets

 

24,500

28,489

Capital and reserves

 

Called up share capital

7

500

500

Retained earnings

24,000

27,989

Shareholders' funds

 

24,500

28,489

For the financial year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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 and 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 Board on 27 February 2025 and signed on its behalf by:
 

.........................................
V S Hunjan
Director

   
     
 

D & V HOMES LTD

Notes to the Unaudited Financial Statements for the Year Ended 30 September 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:
Churchill House
120 Bunns Lane
Mill Hill
London
NW7 2AS

These financial statements were authorised for issue by the Board on 27 February 2025.

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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

D & V HOMES LTD

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

20% Reducing balance method

Office equipment

33% Reducing balance method

Vans

25% Reducing balance method

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.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

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 directors) during the year, was 2 (2023 - 2).

 

D & V HOMES LTD

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

4

Tangible assets

Plant and machinery
£

Office equipment
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 October 2023

25,942

5,071

20,990

52,003

At 30 September 2024

25,942

5,071

20,990

52,003

Depreciation

At 1 October 2023

20,122

4,738

17,575

42,435

Charge for the year

1,940

339

1,710

3,989

At 30 September 2024

22,062

5,077

19,285

46,424

Carrying amount

At 30 September 2024

3,880

(6)

1,705

5,579

At 30 September 2023

5,820

333

3,415

9,568

5

Debtors

Current

Note

2024
£

2023
£

Amounts owed by related parties

163,668

163,668

Prepayments

 

-

2,500

Other debtors

 

(2,383)

610

   

161,285

166,778

6

Creditors

Creditors: amounts falling due within one year

 

D & V HOMES LTD

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Note

2024
£

2023
£

Due within one year

 

Trade creditors

 

-

615

Amounts owed to group undertakings and undertakings in which the company has a participating interest

106,378

107,001

Taxation and social security

 

-

4,790

Accruals and deferred income

 

750

750

Other creditors

 

35,236

35,325

 

142,364

148,481

 

D & V HOMES LTD

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary A shares of £5 each

80

400

80

400

Ordinary B shares of £5 each

20

100

20

100

100

500

100

500