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DAVIES PROPERTY HOLDINGS LIMITED

Registered Number
12178943
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2024

DAVIES PROPERTY HOLDINGS LIMITED
Company Information
for the year from 1 January 2024 to 31 December 2024

Directors

C W Davies
G S Davies

Company Secretary

C W Davies

Registered Address

Ritzy Offices 2-3 Dorcan Business Village
Murdock Road
Swindon
SN3 5HY

Registered Number

12178943 (England and Wales)
DAVIES PROPERTY HOLDINGS LIMITED
Balance Sheet as at
31 December 2024

Notes

2024

2023

£

£

£

£

Current assets
Stocks4479,082393,709
Debtors33,029150,121
Cash at bank and on hand52,92853,588
565,039597,418
Creditors amounts falling due within one year5(184,236)(52,427)
Net current assets (liabilities)380,803544,991
Total assets less current liabilities380,803544,991
Creditors amounts falling due after one year6(584,431)(751,110)
Net assets(203,628)(206,119)
Capital and reserves
Called up share capital8080
Profit and loss account(203,708)(206,199)
Shareholders' funds(203,628)(206,119)
The financial statements were approved and authorised for issue by the Board of Directors on 29 July 2025, and are signed on its behalf by:
C W Davies
Director
G S Davies
Director

Registered Company No. 12178943
DAVIES PROPERTY HOLDINGS LIMITED
Notes to the Financial Statements
for the year ended 31 December 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 accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
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.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Straight line (years)
Office Equipment33
Stocks and work in progress
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.
2.Average number of employees

20242023
Average number of employees during the year24
3.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
At 01 January 242,8622,862
At 31 December 242,8622,862
Depreciation and impairment
At 01 January 242,8622,862
At 31 December 242,8622,862
Net book value
At 31 December 24--
At 31 December 23--
4.Stocks

2024

2023

££
Work in progress479,082393,709
Total479,082393,709
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables173-
Bank borrowings and overdrafts8,000-
Other creditors174,08350,417
Accrued liabilities and deferred income1,9802,010
Total184,23652,427
6.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts7,33323,333
Other creditors577,098727,777
Total584,431751,110