Company Registration No. 10342607 (England and Wales)
Davies Property (Manchester) Limited
Unaudited accounts
for the year ended 30 August 2024
Davies Property (Manchester) Limited
Unaudited accounts
Contents
Davies Property (Manchester) Limited
Company Information
for the year ended 30 August 2024
Company Number
10342607 (England and Wales)
Registered Office
Profolk
Bank Chambers
St. Petersgate
Stockport
Cheshire
SK1 1AR
England
Accountants
RAE Business Services (Yorkshire) Limited
First Floor
85 Great Portland Street
London
W1W 7LT
Davies Property (Manchester) Limited
Statement of financial position
as at 30 August 2024
Investment property
1,871,927
1,418,000
Cash at bank and in hand
43,027
126,958
Creditors: amounts falling due within one year
(560,959)
(191,686)
Net current liabilities
(505,057)
(56,228)
Total assets less current liabilities
1,366,870
1,362,425
Creditors: amounts falling due after more than one year
(931,078)
(934,134)
Provisions for liabilities
Deferred tax
(71,615)
(67,865)
Other provisions
(9,880)
(9,880)
Net assets
354,297
350,546
Called up share capital
1
1
Fair value reserve
345,393
283,541
Profit and loss account
8,903
67,004
Shareholders' funds
354,297
350,546
For the year ending 30 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 19 May 2025 and were signed on its behalf by
Natalie Gascoyne
Director
Company Registration No. 10342607
Davies Property (Manchester) Limited
Notes to the Accounts
for the year ended 30 August 2024
Davies Property (Manchester) Limited is a private company, limited by shares, registered in England and Wales, registration number 10342607. The registered office is Profolk, Bank Chambers, St. Petersgate, Stockport, Cheshire, SK1 1AR, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment.
4
Tangible fixed assets
Fixtures & fittings
Fair value at 31 August 2023
1,418,000
Net gain from fair value adjustments
15,000
At 30 August 2024
1,871,927
Davies Property (Manchester) Limited
Notes to the Accounts
for the year ended 30 August 2024
Amounts falling due within one year
Other debtors
12,875
8,500
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
297,536
7,800
Amounts owed to group undertakings and other participating interests
121,046
140,120
Loans from directors
27,477
38,719
Deferred income
3,880
4,027
Within bank loans due within one year is a drawdown facility of up to £621,700 with HS Credit Limited. The total amount drawn down as at 31 August 2024 was £289,736. The loan facility is secured over the property 520 Stretford Road, a property held by the company.
8
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
931,078
934,134
Aggregate of amounts that fall due for payment after five years
925,226
920,531
The company has four mortgages, as follows:
£423,676 with Aldermore, which is secured against 21-23 High Street, a property held by the company
£264,532 with Together, which is secured against 906 Chester Road, a property held by the company
£152,251 with Shawbrook, which is secured against 215 Hall Street, a property held by the company
£84.767 with Kent Reliance, which is secured against 14 Winwick View, a property held by the company.
A personal guarantee has been provided by the director, Natalie Gascoyne, for these mortgages.
9
Guarantees provided on behalf of directors
Maximum Liability Under Guarantees
Amount paid and liability incurred
HS Credit Limited
100,000
-
10
Average number of employees
During the year the average number of employees was 0 (2023: 0).