Dav-It Property Management Ltd

	Page
Balance Sheet	1
Notes to the Financial Statements	2—3

Registered number: 15660476

		30 April 2025
	Notes	£	£
FIXED ASSETS
Investment Properties	4		491,840

			491,840
CURRENT ASSETS
Cash at bank and in hand		1,515

		1,515
Creditors: Amounts Falling Due Within One Year	5	(262,015 )

NET CURRENT ASSETS (LIABILITIES)			(260,500 )

TOTAL ASSETS LESS CURRENT LIABILITIES			231,340

Creditors: Amounts Falling Due After More Than One Year	6		(235,000 )

NET LIABILITIES			(3,660 )

CAPITAL AND RESERVES
Called up share capital	8		100
Profit and Loss Account			(3,760 )

SHAREHOLDERS' FUNDS			(3,660)

For the period ending 30 April 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 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 company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Suresh Davit

Director

05/01/2026

The notes on pages 2 to 3 form part of these financial statements.

1. General Information

Dav-It Property Management Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 15660476 . The registered office is 19 Periwinkle Lane, Hitchin, Hertfordshire, SG5 1TY.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

2.2. Significant judgements and estimations

In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period or in the period of the revision and future periods where the revision affects both current and future periods.

There are no significant judgements or estimates involved in the preparation of the financial statements.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

2.5. Financial Instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss.

Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss.

2.6. Cash and cash equivalents

Cash and cash equivalents in the statement of financial position comprise cash at banks and in hand, short term deposits with an original maturity date of one month. Cash equivalents are defined as short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value.

3. Average Number of Employees

Average number of employees, including directors, during the period was: NIL

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Dav-It Property Management Ltd

Notes to the Financial Statements (continued)

For the Period 19 April 2024 to 30 April 2025

4. Investment Property

	30 April 2025
	£
Fair Value
As at 19 April 2024	-
Additions	491,840

As at 30 April 2025	491,840

If investment property had been accounted for under historical cost accounting rules, the amounts would be:

	30 April 2025
	£
Cost	491,840

5. Creditors: Amounts Falling Due Within One Year

	30 April 2025
	£
Other creditors	262,015

6. Creditors: Amounts Falling Due After More Than One Year

	30 April 2025
	£
Bank loans	235,000

7. Secured Creditors

The bank loan is secured by way of fixed and floating charge on the property and other assets of the company and contains a negative pledge.

Of the creditors the following amounts are secured.

	30 April 2025
	£
Bank loans and overdrafts	235,000

8. Share Capital

	30 April 2025
	£
Allotted, Called up and fully paid	100

9. Related Party Transactions

Included in other creditors is an amount of £261,535 owed to the director. The amount is interest free and repayable on demand.

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