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2023-12-01
Sage Accounts Production Advanced 2023 - FRS102_2023
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12655509
2023-12-01
2024-11-30
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2024-11-30
12655509
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12655509
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12655509
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COMPANY REGISTRATION NUMBER:
12655509
|
Davidson Bros Investments Limited |
|
|
Filleted Unaudited Abridged Financial Statements |
|
|
Davidson Bros Investments Limited |
|
|
Abridged Financial Statements |
|
Year ended 30 November 2024
|
Report to the board of directors on the preparation of the unaudited statutory abridged financial statements |
1 |
|
|
|
Abridged statement of financial position |
2 |
|
|
|
Notes to the abridged financial statements |
4 |
|
|
|
Davidson Bros Investments Limited |
|
|
Report to the Board of Directors on the Preparation of the Unaudited Statutory Abridged Financial Statements of
Davidson Bros Investments Limited |
|
Year ended 30 November 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abridged financial statements of Davidson Bros Investments Limited for the year ended 30 November 2024, which comprise the abridged statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html. Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf.
JAY & JAY PARTNERSHIP LIMITED
Chartered Certified Accountants
2 Chesterfield Buildings
Westbourne Place
Clifton
Bristol
BS8 1RU
28 August 2025
|
Davidson Bros Investments Limited |
|
|
Abridged Statement of Financial Position |
|
30 November 2024
Fixed assets
|
Tangible assets |
5 |
345,789 |
– |
|
|
|
|
Current assets
|
Stocks |
2,500 |
2,500 |
|
Debtors |
388 |
148 |
|
Cash at bank and in hand |
11,992 |
346 |
|
-------- |
------- |
|
14,880 |
2,994 |
|
|
|
|
Creditors: amounts falling due within one year |
390,653 |
4,661 |
|
--------- |
------- |
|
Net current liabilities |
375,773 |
1,667 |
|
--------- |
------- |
|
Total assets less current liabilities |
(
29,984) |
(
1,667) |
|
-------- |
------- |
|
Net liabilities |
(
29,984) |
(
1,667) |
|
-------- |
------- |
|
|
|
Capital and reserves
|
Called up share capital |
2 |
2 |
|
Profit and loss account |
(
29,986) |
(
1,669) |
|
-------- |
------- |
|
Shareholders deficit |
(
29,984) |
(
1,667) |
|
-------- |
------- |
|
|
|
These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements
.
All of the members have consented to the preparation of the abridged statement of financial position for the year ending 30 November 2024 in accordance with Section 444(2A) of the Companies Act 2006.
|
Davidson Bros Investments Limited |
|
|
Abridged Statement of Financial Position (continued) |
|
30 November 2024
These abridged financial statements were approved by the
board of directors
and authorised for issue on
28 August 2025
, and are signed on behalf of the board by:
Company registration number:
12655509
|
Davidson Bros Investments Limited |
|
|
Notes to the Abridged Financial Statements |
|
Year ended 30 November 2024
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 2 Chesterfield Buildings, Westbourne Place, Clifton, Bristol, BS8 1RU.
2.
Statement of compliance
These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the going concern basis. This basis may not be appropriate because the company has net liabilities at 30th November 2024. The future of the company is dependent upon the continued support of the directors. The accounts do not include any provisions for liabilities that may arise if the directors' support is withdrawn.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Investment property
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
2
(2023:
2
).
5.
Tangible assets
|
£ |
|
Cost |
|
|
At 1 December 2023 |
– |
|
Additions |
345,789 |
|
--------- |
|
At 30 November 2024 |
345,789 |
|
--------- |
|
Depreciation |
|
|
At 1 December 2023 and 30 November 2024 |
– |
|
--------- |
|
Carrying amount |
|
|
At 30 November 2024 |
345,789 |
|
--------- |
|
At 30 November 2023 |
– |
|
--------- |
|
|
Included within the above is investment property as follows:
|
£ |
|
At 1 December 2023 |
– |
|
Additions |
345,789 |
|
--------- |
|
At 30 November 2024 |
345,789 |
|
--------- |
|
|
Investment properties are shown at their open market value which is considered to be the fair value of the properties. Depreciation is not charged on the properties which is a departure from the provisions of the Companies Act 2006 in order to give a true and fair view.
Tangible assets held at valuation
The freehold property is held by the company as an investment. The directors consider that the open market value of these properties at 30th November 2024 be £345,789.
6.
Creditors due in less than one year
The company has given security for its creditors that fall due in less than one year.
A bank loan totalling £187,250 is secured on the property held by the company and is all repayable within one year of the balance sheet date
7.
Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
|
2024 |
|
|
Balance brought forward |
Advances/ (credits) to the directors |
Balance outstanding |
|
|
£ |
£ |
£ |
|
Mr L J Davidson |
– |
– |
– |
|
Mr M L Davidson |
– |
– |
– |
|
|
---- |
---- |
---- |
|
|
– |
– |
– |
|
|
---- |
---- |
---- |
|
|
|
|
|
|
2023 |
|
|
Balance brought forward |
Advances/ (credits) to the directors |
Balance outstanding |
|
|
£ |
£ |
£ |
|
Mr L J Davidson |
(
499) |
499 |
– |
|
Mr M L Davidson |
(
499) |
499 |
– |
|
|
---- |
---- |
---- |
|
|
(
998) |
998 |
– |
|
|
---- |
---- |
---- |
|
|
|
|
|