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Company No: 14304890 (England and Wales)

# DANVY ESTATES LIMITED

### UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 AUGUST 2025
PAGES FOR FILING WITH THE REGISTRAR

DANVY ESTATES LIMITED

## UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 AUGUST 2025

Contents

DANVY ESTATES LIMITED

## BALANCE SHEET

AS AT 31 AUGUST 2025
DANVY ESTATES LIMITED

## BALANCE SHEET (continued)

AS AT 31 AUGUST 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Investment property | 3 | 2,239,266 |  | 2,236,223
|  | 2,239,266 |  | 2,236,223
Current assets |  |  |  |
Debtors | 4 | 34,892 |  | 7,927
Cash at bank and in hand |  | 2,443 |  | 1,792
|  | 37,335 |  | 9,719
Creditors: amounts falling due within one year | 5 | ( 111,842) |  | ( 24,701)
Net current liabilities |  | (74,507) |  | (14,982)
Total assets less current liabilities |  | 2,164,759 |  | 2,221,241
Creditors: amounts falling due after more than one year | 6 | ( 2,177,921) |  | ( 2,216,825)
Net (liabilities)/assets |  | ( 13,162) |  | 4,416
Capital and reserves |  |  |  |
Called-up share capital | 8 | 100 |  | 100
Profit and loss account |  | ( 13,262 ) |  | 4,316
Total shareholder's (deficit)/funds |  | ( 13,162) |  | 4,416

For the financial year ending 31 August 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Danvy Estates Limited (registered number: 14304890) were approved and authorised for issue by the Director on 17 April 2026. They were signed on its behalf by:

P K Vij Director |

DANVY ESTATES LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 AUGUST 2025
DANVY ESTATES LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 AUGUST 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Danvy Estates Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 5 Station Road, Forest Hall, Newcastle Upon Tyne, NE12 8AN, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of investment properties and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director notes that the business has net liabilities of £13,162. The Company is supported through loans from the director. The director has confirmed that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the director will continue to support the Company. Given the current position, the director believes that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

##### Turnover

Turnover represents amounts received and receivable for rental of property and related services. Turnover is recognised on an accruals basis on the period covered by each rental receipt.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

##### Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
The fair value is determined annually by the director, on an open market value for existing use basis.

##### Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are measured at transaction price including transaction costs.

Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are recognised at transaction price.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including the director | 1 |  | 1

#### 3. Investment property

| Investment property
| £
Valuation |
As at 01 September 2024 | 2,236,223
Additions | 3,043
As at 31 August 2025 | 2,239,266

The directors have reviewed the fair value of investment properties at 29 May 2025 and are of the opinion that there has been no material change from the prior year valuation. No external valuer was engaged during the year.

#### 4. Debtors

| 2025 |  | 2024
| £ |  | £
Amounts owed by related parties | 23,333 |  | 7,927
Amounts owed by director | 5,016 |  | 0
Accrued income | 1,178 |  | 0
Deferred tax asset | 5,365 |  | 0
| 34,892 |  | 7,927

Amounts owed by related parties are interest free and repayable on demand.

#### 5. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Amounts owed to related parties | 72,580 |  | 12,208
Amounts owed to director | 0 |  | 8,900
Accruals and deferred income | 11,995 |  | 2,580
Taxation and social security | 0 |  | 1,013
Other creditors | 27,267 |  | 0
| 111,842 |  | 24,701

Amounts owed to related parties are interest free and repayable on demand

#### 6. Creditors: amounts falling due after more than one year

| 2025 |  | 2024
| £ |  | £
Bank loans | 1,836,000 |  | 1,836,000
Other loans | 341,921 |  | 380,825
| 2,177,921 |  | 2,216,825

Bank loans contain floating charges which cover all the property and undertakings of the company. There is also a personal guarantee in place, pledged by the Company Director.

Amounts repayable after more than 5 years are included in creditors falling due over one year:

| 2025 |  | 2024
| £ |  | £
Bank loans | 1,836,000 |  | 1,836,000

#### 7. Deferred tax

| 2025 |  | 2024
| £ |  | £
At the beginning of financial year | 0 |  | 0
Credited to the Profit and Loss Account | 5,365 |  | 0
At the end of financial year | 5,365 |  | 0

#### 8. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
100 Ordinary shares of £ 1.00 each | 100 |  | 100

#### 9. Related party transactions

Transactions with the entity's director

| 2025 |  | 2024
| £ |  | £
Amounts due from Director | 0 |  | 8,900
Amounts due to Director | 5,079 |  | 0

The loan to the director is interest free and repayable on demand