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DAVIES PROPERTY LETTINGS LIMITED

Registered Number
13539178
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2024

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

Directors

C W Davies
G S Davies

Registered Address

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

Registered Number

13539178 (England and Wales)
DAVIES PROPERTY LETTINGS LIMITED
Balance Sheet as at
31 December 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Investments4100100
Investment property3182,500157,500
182,600157,600
Current assets
Debtors7,050-
Cash at bank and on hand1,5876,000
8,6376,000
Creditors amounts falling due within one year5(31,291)(150,000)
Net current assets (liabilities)(22,654)(144,000)
Total assets less current liabilities159,94613,600
Creditors amounts falling due after one year6(117,811)-
Provisions for liabilities9(6,250)-
Net assets35,88513,600
Capital and reserves
Called up share capital100100
Revaluation reserve18,750-
Profit and loss account17,03513,500
Shareholders' funds35,88513,600
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. 13539178
DAVIES PROPERTY LETTINGS 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 rendering of services
Revenue 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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated 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.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Investment property
The investment property is accounted for under FRS 102, Section 16 Investment Property. Investment property is remeasured to fair value at each balance sheet date with fair value gains and losses being reported in profit or loss. Investment properties are valued using RICS open market valuation on a freehold basis.
2.Average number of employees

20242023
Average number of employees during the year24
3.Investment property

£
Fair value at 01 January 24157,500
Fair value adjustments25,000
At 31 December 24182,500
4.Fixed asset investments

Investments in groups1

Total

££
Cost or valuation
At 01 January 24100100
At 31 December 24100100
Net book value
At 31 December 24100100
At 31 December 23100100

Notes

1Investments in group undertakings and participating interests
5.Creditors: amounts due within one year

2024

2023

££
Other creditors30,315148,560
Accrued liabilities and deferred income9761,440
Total31,291150,000
6.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts117,811-
Total117,811-
7.Creditors: amounts due after 5 years
All loans due after more than one year are not payable by instalments.
8.Secured creditors
The bank loans due after more than one year are secured over the investment properties.
9.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)6,250-
Total6,250-
10.Parent-subsidiary relationships
The company has adopted the exemption from preparing consolidated accounts, as it is the parent of a small group. The company had also taken advantage of the exemption to disclose transactions between group companies.