Company registration number 11468723 (England and Wales)
DANVIC INVESTMENTS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
PAGES FOR FILING WITH REGISTRAR
DANVIC INVESTMENTS LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
DANVIC INVESTMENTS LIMITED
BALANCE SHEET
AS AT
30 JUNE 2025
30 June 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Investment property
3
516,685
581,685
Current assets
Debtors
4
197,857
190,508
Cash at bank and in hand
102,020
7,355
299,877
197,863
Creditors: amounts falling due within one year
5
(423,637)
(409,793)
Net current liabilities
(123,760)
(211,930)
Total assets less current liabilities
392,925
369,755
Creditors: amounts falling due after more than one year
6
(151,758)
(165,689)
Provisions for liabilities
-
0
(10,925)
Net assets
241,167
193,141
Capital and reserves
Called up share capital
7
99
99
Distributable profit and loss reserves
241,068
193,042
Total equity
241,167
193,141

For the financial year ended 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 5 March 2026 and are signed on its behalf by:
Nathan Teague
Director
Company registration number 11468723 (England and Wales)
DANVIC INVESTMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
- 2 -
1
Accounting policies
Company information

DANVIC INVESTMENTS LIMITED is a private company limited by shares incorporated in England and Wales. The registered office is 1 Queens Parade, Brownlow Road, London, N11 2DN and t he principal place of business is Unit 2, 79A Salamander Street, Leith, Edinburgh, EH6 7JZ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Turnover

Rental income is recognised on a straight line basis over the term of the relevant lease.

1.3
Investment properties

Investment propert ies, which are propert ies held to earn rentals and/or for capital appreciation, are initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently they are measured at fair value a t the reporting end date. The surplus or deficit on revaluation is recognised in profit or loss.

1.4
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

1.5
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

DANVIC INVESTMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
1
Accounting policies
(Continued)
- 3 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
-
0
-
0
3
Investment properties
2025
£
Fair value
At 1 July 2024
581,685
Disposals
(65,000)
At 30 June 2025
516,685

During the year, the company disposed one of its investment properties. The remaining investment property was valued on an open market basis as at 30th June 2025 and it was decided by the directors that the value of the property has remained unchanged.

4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
-
0
3,617
Other debtors
197,857
186,891
197,857
190,508

Other debtors consist of £197,857 (202 4: £1 86,891) owed by MNM Developments (Scotland) Limited, a company in which Marc, Nathan and Michaela Teague are also directors.

DANVIC INVESTMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 4 -
5
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
13,976
13,126
Corporation tax
31,528
12,553
Other taxation and social security
1,969
650
Other creditors
376,164
383,464
423,637
409,793

The bank loan is secured by a fixed and floating charge over the assets the Company.

Included in other creditors, there is an amount of £3 67,2 35 (202 4: £3 67,2 35) owed to Evantyr Properties Limited, a company in which Marc, Nathan and Michaela Teague are also directors.

6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
151,758
165,689
Creditors which fall due after five years are payable as follows:
Payable by instalments
94,223
121,144
7
Called up share capital
2025
2024
Ordinary share capital
£
£
Issued and fully paid
Ordinary shares of £1 each
99
99
8
Ultimate controlling party

The company was controlled throughout the current and previous years by the directors by virtue of the fact that between them, they own all of the company's issued share capital.

2025-06-30 2024-07-01 false false false CCH Software CCH Accounts Production 2025.100 No description of principal activity Marc Teague Michaela Teague Nathan Teague Michaela Teague 11468723 2024-07-01 2025-06-30 11468723 2025-06-30 11468723 2024-06-30 11468723 core:CurrentFinancialInstruments core:WithinOneYear 2025-06-30 11468723 core:CurrentFinancialInstruments core:WithinOneYear 2024-06-30 11468723 core:ShareCapital 2025-06-30 11468723 core:ShareCapital 2024-06-30 11468723 core:RetainedEarningsAccumulatedLosses 2025-06-30 11468723 core:RetainedEarningsAccumulatedLosses 2024-06-30 11468723 core:ShareCapitalOrdinaryShareClass1 2025-06-30 11468723 core:ShareCapitalOrdinaryShareClass1 2024-06-30 11468723 bus:Director2 2024-07-01 2025-06-30 11468723 2023-07-01 2024-06-30 11468723 2024-06-30 11468723 core:CurrentFinancialInstruments 2025-06-30 11468723 core:CurrentFinancialInstruments 2024-06-30 11468723 core:WithinOneYear 2025-06-30 11468723 core:WithinOneYear 2024-06-30 11468723 core:Non-currentFinancialInstruments 2025-06-30 11468723 core:Non-currentFinancialInstruments 2024-06-30 11468723 bus:OrdinaryShareClass1 2024-07-01 2025-06-30 11468723 bus:PrivateLimitedCompanyLtd 2024-07-01 2025-06-30 11468723 bus:SmallCompaniesRegimeForAccounts 2024-07-01 2025-06-30 11468723 bus:FRS102 2024-07-01 2025-06-30 11468723 bus:AuditExempt-NoAccountantsReport 2024-07-01 2025-06-30 11468723 bus:Director1 2024-07-01 2025-06-30 11468723 bus:Director3 2024-07-01 2025-06-30 11468723 bus:CompanySecretary1 2024-07-01 2025-06-30 11468723 bus:FullAccounts 2024-07-01 2025-06-30 xbrli:pure xbrli:shares iso4217:GBP