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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
Page
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Davies Property (Manchester) Limited Company Information for the year ended 30 August 2024
Director
Natalie Gascoyne
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
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Davies Property (Manchester) Limited Statement of financial position as at 30 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
- 
653 
Investment property
1,871,927 
1,418,000 
1,871,927 
1,418,653 
Current assets
Debtors
12,875 
8,500 
Cash at bank and in hand
43,027 
126,958 
55,902 
135,458 
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)
(81,495)
(77,745)
Net assets
354,297 
350,546 
Capital and reserves
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
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Davies Property (Manchester) Limited Notes to the Accounts for the year ended 30 August 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 
£ 
Cost or valuation
At cost 
At 31 August 2023
871 
At 30 August 2024
871 
Depreciation
At 31 August 2023
218 
Charge for the year
653 
At 30 August 2024
871 
Net book value
At 30 August 2024
- 
At 30 August 2023
653 
5
Investment property
2024 
£ 
Fair value at 31 August 2023
1,418,000 
Additions
438,927 
Net gain from fair value adjustments
15,000 
At 30 August 2024
1,871,927 
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Davies Property (Manchester) Limited Notes to the Accounts for the year ended 30 August 2024
6
Debtors
2024 
2023 
£ 
£ 
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 
Other creditors
110,000 
- 
Loans from directors
27,477 
38,719 
Accruals
1,020 
1,020 
Deferred income
3,880 
4,027 
560,959 
191,686 
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 
£ 
£ 
Natalie Gascoyne
HS Credit Limited
100,000 
- 
100,000 
- 
10
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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