01368456 false Ownership and letting of commercial property 2024-01-01 2024-12-31 http://www.companieshouse.gov.uk/2023-12-31 http://www.companieshouse.gov.uk/cd:CompanySecretary1 2024-01-01 2024-12-31 http://www.companieshouse.gov.uk/pt:ShareCapital 2023-12-31 http://www.companieshouse.gov.uk/cd:Director1 2024-01-01 2024-12-31 http://www.companieshouse.gov.uk/pt:ShareCapital 2024-12-31 http://www.companieshouse.gov.uk/cd:Director2 2024-01-01 2024-12-31 http://www.companieshouse.gov.uk/cd:OrdinaryShareClass1 2024-01-01 2024-12-31 http://www.companieshouse.gov.uk/cd:RegisteredOffice 2024-01-01 2024-12-31 http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments 2024-12-31 http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments 2023-12-31 http://www.companieshouse.gov.uk/2024-01-01 2024-12-31 http://www.companieshouse.gov.uk/2023-12-31 http://www.companieshouse.gov.uk/cd:FRS102 2024-01-01 2024-12-31 http://www.companieshouse.gov.uk/2024-12-31 http://www.companieshouse.gov.uk/cd:FullAccounts 2024-01-01 2024-12-31 http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 01368456
David Bates Limited
ACCOUNTS
FOR THE YEAR ENDED 31/12/2024
Prepared By:
Chris Ford Limited
Chartered Accountants
16 Kithurst Park
Storrington
West Sussex
RH20 4JH

David Bates Limited

ACCOUNTS
FOR THE YEAR ENDED 31/12/2024
DIRECTORS
David Bates
Susan Bates
SECRETARY
Susan Bates
REGISTERED OFFICE
16 Kithurst Park
Storrington
West Sussex
RH20 4JH
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 01368456
ACCOUNTANTS
Chris Ford Limited
Chartered Accountants
16 Kithurst Park
Storrington
West Sussex
RH20 4JH

David Bates Limited

ACCOUNTS
FOR THE YEAR ENDED 31/12/2024
CONTENTS |  |
|  | Page
Directors' Report |  | -
Accountants' Report |  | -
Statement Of Comprehensive Income |  | -
Balance Sheet |  | 3
Notes To The Accounts |  | 4
The following do not form part of the statutory financial statements: |  |
Trading And Profit And Loss Account |  | -
Profit And Loss Account Summaries |  | -

David Bates Limited

BALANCE SHEET AT 31/12/2024
|  |  |  |  |  | 2024 |  |  |  | 2023
|  | Notes |  |  |  | £ |  |  |  | £
FIXED ASSETS |  |  |  |  |  |  |  |  |  |
Tangible assets |  | 3 |  |  |  | 360,000 |  |  |  | 360,000
CURRENT ASSETS |  |  |  |  |  |  |  |  |  |
Cash at bank and in hand |  |  |  | 89,629 |  |  |  | 79,390 |  |
|  |  |  | 89,629 |  |  |  | 79,390 |  |
CREDITORS: Amounts falling due within one year |  | 5 |  | 46,924 |  |  |  | 42,236 |  |
NET CURRENT ASSETS |  |  |  |  |  | 42,705 |  |  |  | 37,154
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  |  |  |  | 402,705 |  |  |  | 397,154
PROVISIONS FOR LIABILITIES AND CHARGES |  | 6 |  |  |  | 47,509 |  |  |  | 47,509
NET ASSETS |  |  |  |  |  | 355,196 |  |  |  | 349,645
CAPITAL AND RESERVES |  |  |  |  |  |  |  |  |  |
Called up share capital |  | 7 |  |  |  | 500 |  |  |  | 500
Revaluation reserve |  | 1c,8 |  |  |  | 150,264 |  |  |  | 150,264
Profit and loss account |  |  |  |  |  | 204,432 |  |  |  | 198,881
SHAREHOLDERS' FUNDS |  |  |  |  |  | 355,196 |  |  |  | 349,645
For the year ending 31/12/2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 14/08/2025 and signed on their behalf by |  |  |  |  |  |  |  |  |  |
............................. |  |  |  |  |  |  |  |  |  |
David Bates |  |  |  |  |  |  |  |  |  |
Director |  |  |  |  |  |  |  |  |  |

David Bates Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/12/2024

1. ACCOUNTING POLICIES

1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .

1b. Investment Properties
Investment properties are included in the financial statements at open market value. No depreciation is provided on such property in compliance with the Financial Reporting Standard for Smaller Entities. This departure from Companies Act requirements is necessary to show a true and fair view.

1c. Revaluation Reserve
Surpluses or deficits arising on the revaluation of individual fixed assets other than investment properties are credited or debited to a non-distributible reserve known as the revaluation reserve (see also note 8).
Revaluation deficits in excess of the amount of prior revaluation surpluses on the same asset are charged to the profit and loss account.

2. EMPLOYEES |  |  |  |  |  |
|  |  |  | 2024 |  | 2023
|  |  |  | No. |  | No.
Average number of employees |  |  |  | 2 |  | 2

3. TANGIBLE FIXED ASSETS
Cost
At 31/12/2024
Depreciation
At 31/12/2024
Net Book Amounts
At 31/12/2024

David Bates Limited

4. INVESTMENT PROPERTIES |  |  |  |
|  | Investment |  |
|  | Properties |  | Total
|  | £ |  | £
Fair value |  |  |  |
At 01/01/2024 |  | 360,000 |  | 360,000
At 31/12/2024 |  | 360,000 |  | 360,000

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |  |  |  |  |  |
|  |  |  | 2024 |  | 2023
|  |  |  | £ |  | £
UK corporation tax |  |  |  | 1,419 |  | 406
PAYE control |  |  |  | 10,056 |  | 5,028
Salaries and wages control |  |  |  | 20,112 |  | 20,112
Directors current account |  |  |  | 3,614 |  | 4,287
Directors current account |  |  |  | 3,156 |  | 4,288
Accruals |  |  |  | 770 |  | 750
Deferred income |  |  |  | 7,797 |  | 7,365
|  |  |  | 46,924 |  | 42,236

6. PROVISIONS FOR LIABILITIES |  |  |  | 2024 |  | 2023
|  |  |  | £ |  | £
Deferred taxation |  |  |  | 47,509 |  | 47,509
|  |  |  | 47,509 |  | 47,509

7. SHARE CAPITAL |  |  |  | 2024 |  | 2023
|  |  |  | £ |  | £
Allotted, issued and fully paid: |  |  |  |  |  |
5 Ordinary shares of £100 each |  |  |  | 500 |  | 500
|  |  |  | 500 |  | 500

David Bates Limited

8. REVALUATION RESERVE |  |  |  | 2024 |  | 2023
|  |  |  | £ |  | £
Revaluation reserve |  |  |  | 150,264 |  | 150,264
|  |  |  | 150,264 |  | 150,264