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REGISTERED NUMBER: 08231859 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

Davco Investments Limited

Davco Investments Limited (Registered number: 08231859)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Davco Investments Limited

Company Information
for the Year Ended 30 September 2024







DIRECTOR: M P Michael





REGISTERED OFFICE: Freedman House
Christopher Wren Yard
117 High Street
Croydon
Surrey
CR0 1QG





REGISTERED NUMBER: 08231859 (England and Wales)





ACCOUNTANTS: CWF & Partners Ltd
Chartered Accountants
Freedman House
Christopher Wren Yard
117 High Street
Croydon
Surrey
CR0 1QG

Davco Investments Limited (Registered number: 08231859)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 5 1,009,200 948,435

CURRENT ASSETS
Debtors 6 337 336
Cash at bank 62,386 37,494
62,723 37,830
CREDITORS
Amounts falling due within one year 7 492,455 491,129
NET CURRENT LIABILITIES (429,732 ) (453,299 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

579,468

495,136

PROVISIONS FOR LIABILITIES 8 39,046 23,855
NET ASSETS 540,422 471,281

CAPITAL AND RESERVES
Called up share capital 9 100 100
Fair value reserve 10 137,283 91,709
Retained earnings 10 403,039 379,472
SHAREHOLDERS' FUNDS 540,422 471,281

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Davco Investments Limited (Registered number: 08231859)

Balance Sheet - continued
30 September 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 director and authorised for issue on 27 June 2025 and were signed by:





M P Michael - Director


Davco Investments Limited (Registered number: 08231859)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Davco Investments 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statement have been prepared under the historical cost convention as modified by the recognition of certain financial assets and liabilities measured at fair value.

Turnover
Turnover represents net rents receivable, excluding value added tax.

Investment property
Investment properties are initially recognised at cost which includes purchase cost and any directly attributable expenditure. Investment properties are measured at fair value. The surplus or deficit arising on the revaluation of investment properties at their fair values are recognised in the income statement.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Davco Investments Limited (Registered number: 08231859)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2023 948,435
Revaluations 60,765
At 30 September 2024 1,009,200
NET BOOK VALUE
At 30 September 2024 1,009,200
At 30 September 2023 948,435

The investment properties are valued annually by the director on an open market existing use basis.

The historical cost of the investment properties amount to £832,871 (2023 - £832,871).

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Other debtors 337 336

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Taxation and social security 5,883 3,583
Other creditors 486,572 487,546
492,455 491,129

8. PROVISIONS FOR LIABILITIES
30.9.24 30.9.23
£    £   
Deferred tax 39,046 23,855

Deferred
tax
£   
Balance at 1 October 2023 23,855
Provided during year 15,191
Balance at 30 September 2024 39,046

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.24 30.9.23
value: £    £   
100 Ordinary £1 100 100

Davco Investments Limited (Registered number: 08231859)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

10. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 October 2023 379,472 91,709 471,181
Profit for the year 70,656 70,656
Dividends (1,515 ) (1,515 )
Revaluation of property (60,765 ) 60,765 -
Deferred tax provision 15,191 (15,191 ) -
At 30 September 2024 403,039 137,283 540,322

11. RELATED PARTY DISCLOSURES

Included in creditors falling due within one year are interest free loans from the following shareholders:
£
Mrs A Michael 1,030
Mr P Michael 235,669
Miss E Michael 234,669
471,368

Included in creditors falling due within one year is an interest free loan from the director Mr M P Michael amounting to £9,135 (2023 - £7,400). The loan is repayable on demand.