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REGISTERED NUMBER: 01226421 (England and Wales)


















B H DAVIES (REAL ESTATE) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024






B H DAVIES (REAL ESTATE) LIMITED (REGISTERED NUMBER: 01226421)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


B H DAVIES (REAL ESTATE) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2024







DIRECTORS: Mrs E A Roberts
S P Davies Esq
Mrs D A Davies





SECRETARY: Mrs E A Roberts





REGISTERED OFFICE: 4 Mostyn Street
LLANDUDNO
North Wales
LL30 2PS





REGISTERED NUMBER: 01226421 (England and Wales)





ACCOUNTANTS: Hawley and Company
Chartered Accountants & Chartered Tax Advisers
First Floor Suite
23 Trinity Square
LLANDUDNO
North Wales
LL30 2RH

B H DAVIES (REAL ESTATE) LIMITED (REGISTERED NUMBER: 01226421)

STATEMENT OF FINANCIAL POSITION
30 NOVEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 5,911 7,384

CURRENT ASSETS
Debtors 5 37,124 33,998
Cash at bank and in hand 373,039 358,542
410,163 392,540
CREDITORS
Amounts falling due within one year 6 40,137 19,116
NET CURRENT ASSETS 370,026 373,424
TOTAL ASSETS LESS CURRENT
LIABILITIES

375,937

380,808

CREDITORS
Amounts falling due after more than one year 7 13,848 14,394
NET ASSETS 362,089 366,414

CAPITAL AND RESERVES
Called up share capital 9 8,225 8,225
Retained earnings 353,864 358,189
SHAREHOLDERS' FUNDS 362,089 366,414

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

B H DAVIES (REAL ESTATE) LIMITED (REGISTERED NUMBER: 01226421)

STATEMENT OF FINANCIAL POSITION - continued
30 NOVEMBER 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 May 2025 and were signed on its behalf by:





S P Davies Esq - Director


B H DAVIES (REAL ESTATE) LIMITED (REGISTERED NUMBER: 01226421)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

1. STATUTORY INFORMATION

B H Davies (Real Estate) 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.

Revenue recognition
Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Leasehold improvements - The period of the lease
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 40% on reducing balance

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.

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

Pension costs and other post-retirement benefits
Pension contributions paid on behalf of directors and staff are charged against profits in the accounting period in which they are paid.

Trade and other debtors
Trade and other debtors are initially recognised at their transaction price, less impairment losses for bad and doubtful debts.

Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks and other short-term highly liquid investments with original maturities of 3 months or less.

B H DAVIES (REAL ESTATE) LIMITED (REGISTERED NUMBER: 01226421)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024

2. ACCOUNTING POLICIES - continued

Trade and other creditors
Trade and other creditors are initially recognised at their transaction price.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 9 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Leasehold and Motor Computer
improvements fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 December 2023 22,048 28,582 20,000 39,840 110,470
Additions - 299 - 15 314
At 30 November 2024 22,048 28,881 20,000 39,855 110,784
DEPRECIATION
At 1 December 2023 22,048 25,182 18,780 37,076 103,086
Charge for year - 370 305 1,112 1,787
At 30 November 2024 22,048 25,552 19,085 38,188 104,873
NET BOOK VALUE
At 30 November 2024 - 3,329 915 1,667 5,911
At 30 November 2023 - 3,400 1,220 2,764 7,384

5. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 8,604 6,420
Prepayments 3,792 3,737
12,396 10,157

Amounts falling due after more than one year:
Deferred tax asset 24,728 23,841

Aggregate amounts 37,124 33,998

The deferred tax asset relates to tax losses carried forward.

B H DAVIES (REAL ESTATE) LIMITED (REGISTERED NUMBER: 01226421)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 919 1,634
Social security and other taxes 20,805 11,124
Other creditors 514 505
Accruals 17,899 5,853
40,137 19,116

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Directors' loan accounts 13,848 14,394

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year - 13,000

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
8,225 Ordinary £1 8,225 8,225