REGISTERED NUMBER: 11087685 (England and Wales)

Unaudited Financial Statements

for the Period 31 August 2023 to 29 August 2024

for

Davis Property Renovation Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P Davis

C Davis

REGISTERED OFFICE:

17 Duke Crescent

Corsham

Wiltshire

SN13 0ER

REGISTERED NUMBER:

11087685 (England and Wales)

ACCOUNTANTS:

Morley & Co (UK) Ltd

Chartered Certified Accountants,

2 Cricklade Court

Old Town

Swindon

Wiltshire

SN1 3EY

FIXED ASSETS

Tangible assets

4

75,589

88,115

CURRENT ASSETS

Stocks

172,827

139,281

Debtors

5

277,864

156,169

450,691

295,450

CREDITORS

Amounts falling due within one year

6

373,090

68,307

NET CURRENT ASSETS

77,601

227,143

TOTAL ASSETS LESS CURRENT LIABILITIES

153,190

315,258

CREDITORS

Amounts falling due after more than one year

7

435,101

514,029

NET LIABILITIES

(281,911

)

(198,771

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(282,011

)

(198,871

)

(281,911

)

(198,771

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 29 August 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 29 August 2024 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 18 November 2025 and were signed on its behalf by:

P Davis - Director

1.	STATUTORY INFORMATION

Davis Property Renovation 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Plant and machinery

-

10% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at 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 recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2023 - 4 ).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 31 August 2023

123,107

Additions

67

At 29 August 2024

123,174

DEPRECIATION

At 31 August 2023

34,992

Charge for period

12,593

At 29 August 2024

47,585

NET BOOK VALUE

At 29 August 2024

75,589

At 30 August 2023

88,115

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Other debtors

277,864

156,169

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

15,548

18,688

Hire purchase contracts

14,866

18,047

Trade creditors

5,349

5,299

Taxation and social security

24,523

24,523

Other creditors

312,804

1,750

373,090

68,307

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

413,749

477,811

Hire purchase contracts

21,352

36,218

435,101

514,029

8.	TRANSACTIONS WITH DIRECTORS

At the 30th August 2024, P and C Davis owed the company £204,956 (31st August 2023: P and C Davis were owed £72,661 by the company).

During the period the company supplied construction service to the Directors totalling £67,093.55. These services were provide at cost. At the balance sheet date, the company held the legal title to land and property know as Broomfield Farm, Swindon. The company holds part of that land on bare trust for the Directors, effective 11th March 2022. Only the land and buildings beneficially owned by the company are recognised as assets on the balance sheet of the company.

9.	SECURED DEBTS

Farm Finance Limited hold a fixed charge dated 11th March 2022 over all the property of the company.