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Company No: 00568598 (England and Wales)

C AND R DAVIES LTD

Unaudited Financial Statements
For the financial year ended 31 March 2025
Pages for filing with the registrar

C AND R DAVIES LTD

Unaudited Financial Statements

For the financial year ended 31 March 2025

Contents

C AND R DAVIES LTD

BALANCE SHEET

As at 31 March 2025
C AND R DAVIES LTD

BALANCE SHEET (continued)

As at 31 March 2025
Note 2025 2024
£ £
Fixed assets
Tangible assets 3 46,066 43,481
Investment property 4 745,000 770,000
Investments 5 128,571 193,978
919,637 1,007,459
Current assets
Debtors 6 1,180 2,627
Cash at bank and in hand 13,457 76,811
14,637 79,438
Creditors: amounts falling due within one year 7 ( 6,941) ( 10,155)
Net current assets 7,696 69,283
Total assets less current liabilities 927,333 1,076,742
Net assets 927,333 1,076,742
Capital and reserves
Called-up share capital 120,400 120,400
Fair value reserve 183,199 221,742
Profit and loss account 623,734 734,600
Total shareholders' funds 927,333 1,076,742

For the financial year ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of C and R Davies Ltd (registered number: 00568598) were approved and authorised for issue by the Board of Directors on 31 July 2025. They were signed on its behalf by:

Mr C R Davies
Director
Mrs R M Davies
Director
C AND R DAVIES LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
C AND R DAVIES LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

C and R Davies Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Leanne House, 6 Avon Close, Weymouth, DT4 9UX, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for rent receivable in the normal course of business.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date that are expected to apply when the timing differences reverse. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax liabilities are presented within provisions for liabilities on the balance sheet.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Vehicles 25 % reducing balance
Fixtures and fittings 10 years straight line
Office equipment 5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

The fair value is determined annually by the directors, on an open market value for existing use basis.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

2. Employees

2025 2024
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Tangible assets

Vehicles Fixtures and fittings Office equipment Total
£ £ £ £
Cost
At 01 April 2024 71,980 1,079 809 73,868
Additions 38,450 0 1,249 39,699
Disposals ( 41,990) 0 0 ( 41,990)
At 31 March 2025 68,440 1,079 2,058 71,577
Accumulated depreciation
At 01 April 2024 29,640 99 648 30,387
Charge for the financial year 14,096 108 265 14,469
Disposals ( 19,345) 0 0 ( 19,345)
At 31 March 2025 24,391 207 913 25,511
Net book value
At 31 March 2025 44,049 872 1,145 46,066
At 31 March 2024 42,340 980 161 43,481

4. Investment property

Investment property
£
Valuation
As at 01 April 2024 770,000
Fair value movement (25,000)
As at 31 March 2025 745,000

Valuation

The fair value of the investment properties at 31 March 2025 have been arrived at on the basis of valuations carried out on that date by the directors. The basis of this valuation was open market value.

Historic cost

If the investment properties had been accounted for under the cost accounting rules, the properties would have been measured as follows:

2025 2024
£ £
Historic cost 558,201 558,201

5. Fixed asset investments

Listed investments Total
£ £
Cost or valuation before impairment
At 01 April 2024 193,978 193,978
Additions 24,473 24,473
Disposals ( 76,333) ( 76,333)
Movement in fair value ( 13,547) ( 13,547)
At 31 March 2025 128,571 128,571
Carrying value at 31 March 2025 128,571 128,571
Carrying value at 31 March 2024 193,978 193,978

6. Debtors

2025 2024
£ £
Corporation tax 0 26
Other debtors 1,180 2,601
1,180 2,627

7. Creditors: amounts falling due within one year

2025 2024
£ £
Other creditors 6,941 10,155

8. Related party transactions

Transactions with the entity's directors

At 1 April 2024 the balance owed from the directors was £nil. During the year, the company made advances to directors amounting to £50 and received repayments of £25, leaving a balance due from the directors of £25.

At 1 April 2023 the balance owed from the directors was £nil. During the year, the company made advances to directors amounting to £nil and received repayments of £nil, leaving a balance due from the directors of £nil.

The Directors loan accounts) are repayable on demand and interest has been charged on overdrawn balances exceeding £10,000 at the official HMRC rates.