Company registration number 5293857 (England and Wales)
DAVIN FOODS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024
PAGES FOR FILING WITH REGISTRAR
DAVIN FOODS LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
DAVIN FOODS LIMITED
BALANCE SHEET
AS AT
31 OCTOBER 2024
31 October 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Investments
3
666,667
666,667
Current assets
Debtors
4
74,636
13
Cash at bank and in hand
1,202,398
894,025
1,277,034
894,038
Creditors: amounts falling due within one year
5
(3,000)
(15,428)
Net current assets
1,274,034
878,610
Net assets
1,940,701
1,545,277
Capital and reserves
Called up share capital
6
100
100
Profit and loss reserves
1,940,601
1,545,177
Total equity
1,940,701
1,545,277
For the financial year ended 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
The financial statements were approved and signed by the director and authorised for issue on 15 January 2025
Kyriacos Savvas Joannides
Director
Company registration number 5293857 (England and Wales)
DAVIN FOODS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024
- 2 -
1
Accounting policies
Company information
Davin Foods Limited is a private company limited by shares incorporated in England and Wales. The registered office is 1 Queens Parade, Brownlow Road, London, N11 2DN.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation investment in unlisted shares at fair value. The principal accounting policies adopted are set out below.
1.2
Fixed asset investments
Interests in which the company has a participating interest are initially measured at transaction price excluding transaction costs.Transaction costs are expensed to profit or loss as incurred.
An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.
1.3
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
2
Employees
The average monthly number of person employed by the company during the year was:
2024
2023
Number
Number
Total
3
Fixed asset investments
2024
2023
£
£
Shares in group undertakings and participating interests
666,667
666,667
DAVIN FOODS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
- 3 -
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Director's current account
74,602
-
Other debtors
34
13
74,636
13
5
Creditors: amounts falling due within one year
2024
2023
£
£
Director's current account
-
8,298
Accruals
3,000
7,130
3,000
15,428
6
Called up share capital
2024
2023
Ordinary share capital
£
£
Issued and fully paid
100 ordinary shares of £1 each
100
100
7
Controlling party
The company was controlled throughout the current and previous year by the director by virtue of the fact that he owns the entire issued share capital of the company.
8
Directors' transactions
Dividends totalling £0 (2023 - £25,000) were paid in the year in respect of shares held by the company's director.
The director's current account was overdrawn during the year and interest totalling £1,700 (2023: £0) was paid on the overdrawn balance at HMRC's official rate of interest. The movement on these loans are as follows:
Description
% Rate
Opening balance
Amounts advanced
Interest charged
Amounts repaid
Closing balance
£
£
£
£
£
Director's loan account
2.25
(8,298)
206,200
1,700
(125,000)
74,602