Davenport Financial Management Ltd. - Accounts to registrar (filleted)

REGISTERED NUMBER: 05608901 (England and Wales)

FINANCIAL STATEMENTS FOR THE PERIOD 1 JANUARY 2025 TO 31 MARCH 2025

FOR

Davenport Financial Management Ltd.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

K W Bonner

M D Rockliffe

R D Smith

REGISTERED OFFICE:

5th FloorPark Gate

161-163 Preston Road

Brighton

BN1 6AU

REGISTERED NUMBER:

05608901 (England and Wales)

ACCOUNTANTS:

Jones & Co

Sherwood House

41 Queens Road

Farnborough

Hants

GU14 6JP

FIXED ASSETS

Intangible assets

4

166,250

-

Tangible assets

5

9,071

9,549

175,321

9,549

CURRENT ASSETS

Debtors

6

371,446

37,354

Cash at bank

162,173

564,747

533,619

602,101

CREDITORS

Amounts falling due within one year

7

115,947

100,869

NET CURRENT ASSETS

417,672

501,232

TOTAL ASSETS LESS CURRENT LIABILITIES

592,993

510,781

CAPITAL AND RESERVES

Called up share capital

300

Share premium

29,885

Retained earnings

562,808

480,596

SHAREHOLDERS' FUNDS

592,993

510,781

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 October 2025 and were signed on its behalf by:

R D Smith - Director

1.	STATUTORY INFORMATION

Davenport Financial Management Ltd. is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents commissions and fees receivable on business written.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2025, is being amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% on reducing balance

Office equipment

-

20% on reducing balance

Taxation

Taxation for the year comprises current tax recognised as the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is not recognised in respect of any timing differences that have originated but not reversed at the balance sheet date since the amount is not considered to be material.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 6 (2024 - 7 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

Additions

175,000

At 31 March 2025

175,000

AMORTISATION

Amortisation for period

8,750

At 31 March 2025

8,750

NET BOOK VALUE

At 31 March 2025

166,250

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Office

fittings

equipment

Totals

£

COST

At 1 January 2025

and 31 March 2025

12,025

61,703

73,728

DEPRECIATION

At 1 January 2025

9,418

54,761

64,179

Charge for period

131

347

478

At 31 March 2025

9,549

55,108

64,657

NET BOOK VALUE

At 31 March 2025

2,476

6,595

9,071

At 31 December 2024

2,607

6,942

9,549

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.12.24

£

Trade debtors

-

21,954

Other debtors

371,446

15,400

371,446

37,354

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.12.24

£

Trade creditors

-

19,054

Taxation and social security

109,853

77,523

Other creditors

6,094

4,292

115,947

100,869