Company Registration No. 04347206 (England and Wales)
Davlin Developments Limited
Unaudited accounts
for the year ended 31 March 2025
Davlin Developments Limited
Unaudited accounts
Contents
Davlin Developments Limited
Company Information
for the year ended 31 March 2025
Company Number
04347206 (England and Wales)
Registered Office
LYONS DEN, FURZE VIEW
SLINFOLD
WEST SUSSEX
RH13 0RH
Accountants
Nicola Grobety (MAAT)
Longwood Business Support Ltd
16 Longwood View
Crawley
West Sussex
RH10 6PB
Davlin Developments Limited
Statement of financial position
as at 31 March 2025
Tangible assets
1,066,438
1,066,438
Cash at bank and in hand
3,939
4,670
Creditors: amounts falling due within one year
(12,364)
(14,680)
Net current liabilities
(5,985)
(10,010)
Total assets less current liabilities
1,060,453
1,056,428
Creditors: amounts falling due after more than one year
(833,979)
(830,147)
Provisions for liabilities
Deferred tax
(50,841)
(50,841)
Net assets
175,633
175,440
Called up share capital
2
2
Revaluation reserve
267,583
267,583
Profit and loss account
(91,952)
(92,145)
Shareholders' funds
175,633
175,440
For the year ending 31 March 2025 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 4 December 2025 and were signed on its behalf by
David Hardisty
Director
Company Registration No. 04347206
Davlin Developments Limited
Notes to the Accounts
for the year ended 31 March 2025
Davlin Developments Limited is a private company, limited by shares, registered in England and Wales, registration number 04347206. The registered office is LYONS DEN, FURZE VIEW, SLINFOLD, WEST SUSSEX, RH13 0RH.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention in accordance with FRS102 Section 1A - the Financial Reporting Standard applicable in the United Kingdom and the Companies Act 2006.
FRS102 requires investment property to be carried at fair value with revaluation surpluses recognised in the Profit and Loss account and Deferred Taxation provided on these gains at the rate expected to apply when the properties are sold.
The accounts are presented in £ sterling.
Revenue is measured at the fair value of the consideration received or receivable. Revenue is reduced for estimated customer returns, rebates and other similar allowances. Revenue from the sale of goods is recognised when goods are delivered and legal title has passed.
Tangible fixed assets and depreciation
The market value of the land and buildings is considered by the director to be substantially in excess of the value advanced to the company by way of mortgages.
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
No Depreciation
Fixtures & fittings
10% on cost
Computer equipment
25% on cost
Taxation represents the sum of tax currently payable and deferred tax. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.
Davlin Developments Limited
Notes to the Accounts
for the year ended 31 March 2025
The company is exempt from pension auto-enrolment by reason that the company has only one director who does not have an employment contract and receives no remuneration from the business.
Investment property is measured at cost on initial recognition. Subsequently, investment property is measured at fair value at the reporting date with any changes recognised in profit or loss. Deferred tax is calculated using the tax rates and laws that have been enacted or substantively enacted by the reporting date.
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2024
1,066,438
11,250
1,701
1,079,389
Disposals
-
(11,250)
(1,701)
(12,951)
At 31 March 2025
1,066,438
-
-
1,066,438
At 1 April 2024
-
11,250
1,701
12,951
On disposals
-
(11,250)
(1,701)
(12,951)
At 31 March 2025
1,066,438
-
-
1,066,438
At 31 March 2024
1,066,438
-
-
1,066,438
Amounts falling due within one year
Accrued income and prepayments
2,283
-
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
4,227
4,125
Taxes and social security
45
-
Loans from directors
7,642
7,129
The Loan of £4,227 (2024 - £4,125 ) was provided under the Bounce Back Loan Scheme (BBLS), with the remainder due after one year.
Davlin Developments Limited
Notes to the Accounts
for the year ended 31 March 2025
7
Creditors: amounts falling due after more than one year
2025
2024
Bank loans
831,112
830,147
Creditors falling due after one year include mortgages totalling £830,037 (2024 - £824,839) and a loan of £1,074 (2024 - £5,308) provided under the Bounce Back Loan Scheme (BBLS)
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
9
Average number of employees
During the year the average number of employees was 1 (2024: 1).