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REGISTERED NUMBER: 12104441 (England and Wales)












Daisy V Limited

Unaudited Financial Statements

for the Year Ended 31st July 2024






Daisy V Limited (Registered number: 12104441)






Contents of the Financial Statements
for the Year Ended 31st July 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Daisy V Limited

Company Information
for the Year Ended 31st July 2024







DIRECTORS: J Barker
Mrs S Barker





REGISTERED OFFICE: Hodgsons
48 Arwenack Street
Falmouth
Cornwall
TR11 3JH





REGISTERED NUMBER: 12104441 (England and Wales)





ACCOUNTANTS: Hodgsons
Chartered Accountants
48 Arwenack Street
Falmouth
Cornwall
TR11 3JH

Daisy V Limited (Registered number: 12104441)

Statement of Financial Position
31st July 2024

31.7.24 31.7.23
Notes £    £   
FIXED ASSETS
Investments 4 5,470,401 4,767,529

CURRENT ASSETS
Debtors 5 142 197
Cash at bank and in hand 348,098 711,636
348,240 711,833
CREDITORS
Amounts falling due within one year 6 (4,846,811 ) (5,112,503 )
NET CURRENT LIABILITIES (4,498,571 ) (4,400,670 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

971,830

366,859

PROVISIONS FOR LIABILITIES (206,292 ) (65,830 )
NET ASSETS 765,538 301,029

CAPITAL AND RESERVES
Called up share capital 5 5
Retained earnings 765,533 301,024
SHAREHOLDERS' FUNDS 765,538 301,029

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14th April 2025 and were signed on its behalf by:



J Barker - Director


Daisy V Limited (Registered number: 12104441)

Notes to the Financial Statements
for the Year Ended 31st July 2024

1. STATUTORY INFORMATION

Daisy V 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Fixed asset investments
Fixed asset investments consists of listed securities of individual companies, investment trusts, exchange traded funds, bond funds and similar instruments. Fixed asset investments are measured at fair value at the statement of financial position date.

Fair value is based on the quoted market price in an active market at the reporting date. Fair value adjustments arising from a difference between the cost and current market price of the securities are recognised in profit or loss at the valuation date.

Daisy V Limited (Registered number: 12104441)

Notes to the Financial Statements - continued
for the Year Ended 31st July 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
The company has chosen to adopt the Sections 11 and 12 of FRS 102 in respect of financial instruments.

(i) Financial assets

Basic financial assets, including trade and other receivables, cash and bank balances are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of future receipts, discounted at a market rate of interest.

(ii) Financial liabilities

Basic financial liabilities, including trade and other payables, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of future payments, discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. FIXED ASSET INVESTMENTS
Other
investment
£   
COST OR VALUATION
At 1st August 2023 4,767,529
Additions 399,813
Disposals (284,735 )
Revaluations 617,796
Exchange differences (30,002 )
At 31st July 2024 5,470,401
NET BOOK VALUE
At 31st July 2024 5,470,401
At 31st July 2023 4,767,529

Cost or valuation at 31st July 2024 is represented by:

Other
investment
£   
Valuation in 2021 269,152
Valuation in 2022 (71,599 )
Valuation in 2023 65,767
Valuation in 2024 561,848
Cost 4,645,233
5,470,401

Daisy V Limited (Registered number: 12104441)

Notes to the Financial Statements - continued
for the Year Ended 31st July 2024

4. FIXED ASSET INVESTMENTS - continued

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

31.7.24 31.7.23
£    £   
Cost 4,645,232 4,504,209

Listed securities were valued on an open market basis on 31st July 2024 by the investment managers .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Other debtors 142 197

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Taxation and social security 13,949 -
Other creditors 4,832,862 5,112,503
4,846,811 5,112,503

Loans from the directors and shareholders amounting to £4,827,213 (2023: £5,107,213) are included within other creditors. These loans are repayable on demand and no interest has been charged on them during the year ended 31 July 2024 or the year ended 31 July 2023.