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Registration number: 11844835

R Davenport Properties Ltd

Unaudited Financial Statements

for the Year Ended 31 May 2024

 

R Davenport Properties Ltd

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 4

 

R Davenport Properties Ltd

(Registration number: 11844835)
Balance Sheet as at 31 May 2024

Note

2024
£

2023
£

Fixed assets

 

Investment property

4

680,491

514,467

Current assets

 

Debtors

5

4,188

10

Cash at bank and in hand

 

36,307

24,325

 

40,495

24,335

Creditors: Amounts falling due within one year

6

(310,330)

(170,589)

Net current liabilities

 

(269,835)

(146,254)

Total assets less current liabilities

 

410,656

368,213

Creditors: Amounts falling due after more than one year

6

(350,000)

(350,000)

Net assets

 

60,656

18,213

Capital and reserves

 

Called up share capital

10

10

Retained earnings

60,646

18,203

Shareholders' funds

 

60,656

18,213

For the financial year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

 

R Davenport Properties Ltd

(Registration number: 11844835)
Balance Sheet as at 31 May 2024

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 22 May 2025 and signed on its behalf by:
 

.........................................
Mr D Skeffington
Director

 

R Davenport Properties Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
7-9 Macon Court
Crewe
Cheshire
CW1 6EA
UK

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

R Davenport Properties Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

4

Investment properties

2024
£

At 1 June

514,467

Additions

166,024

At 31 May

680,491

The investment property was professionally valued by an independent valuer when it was purchased.The Director does not believe that it was commercially viable to revalue the property at the balance sheet date and so the property is currently held on the Balance Sheet at cost.

5

Debtors

Current

2024
£

2023
£

Other debtors

4,188

10

 

4,188

10

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Trade creditors

 

350

-

Amounts owed to participating interests

297,360

167,360

Other creditors

 

12,620

3,229

 

310,330

170,589

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Bank loan

350,000

350,000

The Bank loan is secured on the investment property and the directors have provided personal guarantees for this.