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REGISTERED NUMBER: 07297998 (England and Wales)



















Unaudited Financial Statements

for the Year Ended 30 June 2024

for

DV Ventures Limited

DV Ventures Limited (Registered number: 07297998)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DV Ventures Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: Mr P G Trafford
Mr N G Trafford
Mr J G Trafford
Mrs S C Trafford
Mrs S Trafford





REGISTERED OFFICE: The Mills
Canal Street
Derby
Derbyshire
DE1 2RJ





REGISTERED NUMBER: 07297998 (England and Wales)





ACCOUNTANTS: Bates Weston LLP
Chartered Accountants
The Mills
Canal Street
Derby
DE1 2RJ

DV Ventures Limited (Registered number: 07297998)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,730,102 2,217,540
Investments 6 3,206,507 2,139,416
Investment property 7 8,267,326 8,267,326
13,203,935 12,624,282

CURRENT ASSETS
Debtors 8 1,559,535 1,683,079
Cash at bank 725,408 780,768
2,284,943 2,463,847
CREDITORS
Amounts falling due within one year 9 4,923,628 4,814,521
NET CURRENT LIABILITIES (2,638,685 ) (2,350,674 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

10,565,250

10,273,608

CREDITORS
Amounts falling due after more than one
year

10

1,345,581

1,864,275
NET ASSETS 9,219,669 8,409,333

CAPITAL AND RESERVES
Called up share capital 300 300
Share premium 6,293 6,293
Retained earnings 9,213,076 8,402,740
9,219,669 8,409,333

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

DV Ventures Limited (Registered number: 07297998)

Balance Sheet - continued
30 June 2024


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 March 2025 and were signed on its behalf by:





Mr P G Trafford - Director


DV Ventures Limited (Registered number: 07297998)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

DV Ventures Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents amounts receivable from the letting of investment property, excluding Value Added Tax, and Renewable Heat Incentive.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 2% on cost
Plant and machinery - 10% on cost
Motor vehicles - 33% on cost and 33% on reducing balance
Computer equipment - 50% on cost and 33% on cost

Investment property
Investment property is not depreciated but is revalued annually at its fair value in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss and is then transferred to a fair value reserve.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Fixed asset investments
Listed investments are valued at their fair value at the balance sheet date and any changes in their fair value between the previous year end or acquisition, as applicable are recognised in the profit and loss account and transferred to a fair value reserve.

Leasing commitments
Rentals paid under operating leases are charged to the profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

DV Ventures Limited (Registered number: 07297998)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 1,000
AMORTISATION
At 1 July 2023
and 30 June 2024 1,000
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 -

5. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 July 2023 2,200 10,076,798 78,288 18,013 10,175,299
Additions - 115,247 12,367 2,048 129,662
Disposals - - - (2,667 ) (2,667 )
At 30 June 2024 2,200 10,192,045 90,655 17,394 10,302,294
DEPRECIATION
At 1 July 2023 528 7,902,873 40,549 13,809 7,957,759
Charge for year 44 595,650 17,497 3,909 617,100
Eliminated on disposal - - - (2,667 ) (2,667 )
At 30 June 2024 572 8,498,523 58,046 15,051 8,572,192
NET BOOK VALUE
At 30 June 2024 1,628 1,693,522 32,609 2,343 1,730,102
At 30 June 2023 1,672 2,173,925 37,739 4,204 2,217,540

6. FIXED ASSET INVESTMENTS
Listed
investments
£   
COST OR VALUATION
At 1 July 2023 2,139,416
Additions 792,703
Disposals (79,280 )
Revaluations 353,668
At 30 June 2024 3,206,507
NET BOOK VALUE
At 30 June 2024 3,206,507
At 30 June 2023 2,139,416

DV Ventures Limited (Registered number: 07297998)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

6. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 30 June 2024 is represented by:

Listed
investments
£   
Valuation in 2024 3,206,507

If listed investments had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 3,209,228 2,495,712

7. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023
and 30 June 2024 8,267,326
NET BOOK VALUE
At 30 June 2024 8,267,326
At 30 June 2023 8,267,326

Fair value at 30 June 2024 is represented by:
£   
Valuation in 2024 8,267,326

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 8,267,326 8,267,326
Aggregate depreciation (1,953,162 ) (1,787,816 )

Investment property was valued on a fair value basis on 30 June 2024 by the directors .

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 61,573 5,478
Amounts owed by associates 1,400,000 1,550,000
Prepayments and accrued income 97,962 127,601
1,559,535 1,683,079

DV Ventures Limited (Registered number: 07297998)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 504,750 504,750
Trade creditors 33,889 230,461
Tax 196,845 185,964
Social security and other taxes 104,246 61,565
Other creditors 10,000 -
Directors' loan accounts 3,183,313 3,069,320
Accrued expenses 890,585 762,461
4,923,628 4,814,521

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 1,345,581 1,864,275

11. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 36,412 6,941
Between one and five years 46,797 -
83,209 6,941

12. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 1,850,331 2,369,025

Bank loans are secured by means of a fixed charge over the assets of the company.

13. RELATED PARTY DISCLOSURES

During the year the company made and received payments from a company in which the directors have an interest. At the year end £1,400,000 (2023 : £1,550,000) was outstanding and this amount is included within debtors, amounts falling due within one year.