Company No:
Contents
| Note | 2025 | 2024 | ||
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| Fixed assets | ||||
| Tangible assets | 3 |
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| Investment property | 4 |
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| Investments | 5 |
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| 919,637 | 1,007,459 | |||
| Current assets | ||||
| Debtors | 6 |
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| Cash at bank and in hand |
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| 14,637 | 79,438 | |||
| Creditors: amounts falling due within one year | 7 | (
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| Net current assets | 7,696 | 69,283 | ||
| Total assets less current liabilities | 927,333 | 1,076,742 | ||
| Net assets |
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| Capital and reserves | ||||
| Called-up share capital |
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| Fair value reserve |
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| Profit and loss account |
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| Total shareholders' funds |
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Directors' responsibilities:
The financial statements of C and R Davies Ltd (registered number:
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Mr C R Davies
Director |
Mrs R M Davies
Director |
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.
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 £.
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.
| Vehicles |
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| Fixtures and fittings |
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| Office equipment |
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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.
The fair value is determined annually by the directors, on an open market value for existing use basis.
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.
| 2025 | 2024 | ||
| Number | Number | ||
| Monthly average number of persons employed by the Company during the year, including directors |
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| Vehicles | Fixtures and fittings | Office equipment | Total | ||||
| £ | £ | £ | £ | ||||
| Cost | |||||||
| At 01 April 2024 |
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| Additions |
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| At 31 March 2025 |
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| Accumulated depreciation | |||||||
| At 01 April 2024 |
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| Charge for the financial year |
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| Disposals | (
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| At 31 March 2025 |
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| Net book value | |||||||
| At 31 March 2025 | 44,049 | 872 | 1,145 | 46,066 | |||
| At 31 March 2024 | 42,340 | 980 | 161 | 43,481 |
| Investment property | |
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| Valuation | |
| As at 01 April 2024 |
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| Fair value movement | (25,000) |
| As at 31 March 2025 |
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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 |
| Listed investments | Total | ||
| £ | £ | ||
| Cost or valuation before impairment | |||
| At 01 April 2024 |
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| Additions |
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| Disposals | (
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| Movement in fair value | (
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| At 31 March 2025 |
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| Carrying value at 31 March 2025 |
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| Carrying value at 31 March 2024 |
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| 2025 | 2024 | ||
| £ | £ | ||
| Corporation tax |
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| Other debtors |
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| 2025 | 2024 | ||
| £ | £ | ||
| Other creditors |
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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.