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REGISTERED NUMBER: 04761657 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 MAY 2024

FOR

DAVENPORT PROPERTIES (SUSSEX) LIMITED

DAVENPORT PROPERTIES (SUSSEX) LIMITED (REGISTERED NUMBER: 04761657)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

DAVENPORT PROPERTIES (SUSSEX) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 MAY 2024







DIRECTORS: C P O Gargan
P F J McDonnell
M A Ratcliffe





SECRETARY: P F J McDonnell





REGISTERED OFFICE: 28 Wilton Road
Bexhill on Sea
East Sussex
TN40 1EZ





REGISTERED NUMBER: 04761657 (England and Wales)





ACCOUNTANTS: Ashdown Hurrey
Chartered Accountants & Business Advisers
20 Havelock Road
Hastings
East Sussex
TN34 1BP

DAVENPORT PROPERTIES (SUSSEX) LIMITED (REGISTERED NUMBER: 04761657)

BALANCE SHEET
30 MAY 2024

30.5.24 30.5.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 541 727
Investment property 5 1,050,000 1,050,000
1,050,541 1,050,727

CREDITORS
Amounts falling due within one year 6 60,035 58,325
NET CURRENT LIABILITIES (60,035 ) (58,325 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

990,506

992,402

PROVISIONS FOR LIABILITIES 229,000 229,000
NET ASSETS 761,506 763,402

CAPITAL AND RESERVES
Called up share capital 7 100 100
Revaluation reserve 8 714,660 714,660
Retained earnings 8 46,746 48,642
SHAREHOLDERS' FUNDS 761,506 763,402

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 May 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 27 May 2025 and were signed on its behalf by:





M A Ratcliffe - Director


DAVENPORT PROPERTIES (SUSSEX) LIMITED (REGISTERED NUMBER: 04761657)

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

1. STATUTORY INFORMATION

Davenport Properties (Sussex) 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 as modified by the revaluation of certain assets.

The directors have made an assessment about the company's ability to continue as a going concern and they do not consider there to be any material uncertainties. As a result they have adopted the going concern basis of accounting.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3. EMPLOYEES AND DIRECTORS

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

DAVENPORT PROPERTIES (SUSSEX) LIMITED (REGISTERED NUMBER: 04761657)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 31 May 2023
and 30 May 2024 3,563 5,309 8,872
DEPRECIATION
At 31 May 2023 2,905 5,240 8,145
Charge for year 163 23 186
At 30 May 2024 3,068 5,263 8,331
NET BOOK VALUE
At 30 May 2024 495 46 541
At 30 May 2023 658 69 727

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 31 May 2023
and 30 May 2024 1,050,000
NET BOOK VALUE
At 30 May 2024 1,050,000
At 30 May 2023 1,050,000

Fair value at 30 May 2024 is represented by:
£   
Valuation in 2012 48,093
Valuation in 2016 117,001
Valuation in 2017 120,000
Valuation in 2018 23,000
Valuation in 2019 627,000
Valuation in 2020 32,675
Cost 82,231
1,050,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.5.24 30.5.23
£    £   
Trade creditors 3,567 2,487
Other creditors 53,176 53,026
Directors' current accounts 2,213 2,213
Accruals and deferred income 1,079 599
60,035 58,325

DAVENPORT PROPERTIES (SUSSEX) LIMITED (REGISTERED NUMBER: 04761657)

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

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.5.24 30.5.23
value: £    £   
100 Ordinary 1.00 100 100

8. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 31 May 2023 48,642 714,660 763,302
Deficit for the year (1,896 ) (1,896 )
At 30 May 2024 46,746 714,660 761,406

9. RELATED PARTY DISCLOSURES

As at the balance sheet date, other creditors includes the following loans to associated companies:

30.05.202430.05.2023
£ £
KSD Support Services Ltd46,87446,724
KSD Housing Ltd200200

£2,213 is also owed to the director Peter McDonnell (2023: £2,213).

All of the loans are interest free and are repayable on demand.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
DAVENPORT PROPERTIES (SUSSEX) LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Davenport Properties (Sussex) Limited for the year ended 30 May 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Davenport Properties (Sussex) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Davenport Properties (Sussex) Limited and state those matters that we have agreed to state to the Board of Directors of Davenport Properties (Sussex) Limited, as a body, in this report in accordance with icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Davenport Properties (Sussex) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Davenport Properties (Sussex) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Davenport Properties (Sussex) Limited. You consider that Davenport Properties (Sussex) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Davenport Properties (Sussex) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Ashdown Hurrey
Chartered Accountants & Business Advisers
20 Havelock Road
Hastings
East Sussex
TN34 1BP


29 May 2025