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DAVIES PROPERTIES LIMITED

Registered Number
10386539
(England and Wales)

Unaudited Financial Statements for the Year ended
30 September 2024

DAVIES PROPERTIES LIMITED
Company Information
for the year from 1 October 2023 to 30 September 2024

Directors

C A Davies
J Davies

Registered Address

Heywood House Back Lane
Badsworth
Pontefract
WF9 1AG

Registered Number

10386539 (England and Wales)
DAVIES PROPERTIES LIMITED
Balance Sheet as at
30 September 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Investment property3255,000151,898
255,000151,898
Current assets
Cash at bank and on hand1,2831,946
1,2831,946
Creditors amounts falling due within one year4(3,044)(3,747)
Net current assets (liabilities)(1,761)(1,801)
Total assets less current liabilities253,239150,097
Creditors amounts falling due after one year5(119,920)(120,529)
Provisions for liabilities6(19,589)-
Net assets113,73029,568
Capital and reserves
Called up share capital11
Profit and loss account113,72929,567
Shareholders' funds113,73029,568
The financial statements were approved and authorised for issue by the Board of Directors on 29 May 2025, and are signed on its behalf by:
C A Davies
Director
Registered Company No. 10386539
DAVIES PROPERTIES LIMITED
Notes to the Financial Statements
for the year ended 30 September 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Investment property
Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually. 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.
2.Average number of employees

20242023
Average number of employees during the year00
3.Investment property
There has been no valuation of the investment property by an independent valuer, however the directors have reviewed the valuation of the properties and feel that the value in the accounts reflects the current fair value.

£
Fair value at 01 October 23151,898
Fair value adjustments103,102
At 30 September 24255,000
4.Creditors: amounts due within one year

2024

2023

££
Bank borrowings and overdrafts1,5401,540
Taxation and social security270824
Accrued liabilities and deferred income1,2341,383
Total3,0443,747
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. The bank borrowings are secured.
5.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts23,93125,776
Other creditors95,98994,753
Total119,920120,529
The bank borrowings are secured.
6.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)19,589-
Total19,589-