REGISTERED NUMBER: 04761657 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 MAY 2025

FOR

DAVENPORT PROPERTIES (SUSSEX) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Accountants' Report

6

DIRECTORS:

C P O Gargan

P F J McDonnell

M A Ratcliffe

SECRETARY:

P F J McDonnell

REGISTERED OFFICE:

28 Wilton Road

Bexhill on Sea

East Sussex

TN40 1EZ

REGISTERED NUMBER:

04761657 (England and Wales)

ACCOUNTANTS:

Ashdown Hurrey

Chartered Accountants & Business Advisers

20 Havelock Road

Hastings

East Sussex

TN34 1BP

FIXED ASSETS

Tangible assets

4

402

541

Investment property

5

1,095,942

1,050,000

1,096,344

1,050,541

CREDITORS

Amounts falling due within one year

6

106,686

60,035

NET CURRENT LIABILITIES

(106,686

)

(60,035

)

TOTAL ASSETS LESS CURRENT LIABILITIES

989,658

990,506

PROVISIONS FOR LIABILITIES

229,000

229,000

NET ASSETS

760,658

761,506

CAPITAL AND RESERVES

Called up share capital

7

100

100

Revaluation reserve

8

714,660

714,660

Retained earnings

8

45,898

46,746

SHAREHOLDERS' FUNDS

760,658

761,506

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 May 2025 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 29 May 2026 and were signed on its behalf by:

M A Ratcliffe - Director

1.	STATUTORY INFORMATION

Davenport Properties (Sussex) Limited 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 as modified by the revaluation of certain assets.

The directors have made an assessment about the company's ability to continue as a going concern and they do not consider there to be any material uncertainties. As a result they have adopted the going concern basis of accounting.

Tangible fixed assets

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

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year 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 year 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 year was NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 31 May 2024

and 30 May 2025

3,563

5,309

8,872

DEPRECIATION

At 31 May 2024

3,068

5,263

8,331

Charge for year

124

15

139

At 30 May 2025

3,192

5,278

8,470

NET BOOK VALUE

At 30 May 2025

371

31

402

At 30 May 2024

495

46

541

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 31 May 2024

1,050,000

Additions

45,942

At 30 May 2025

1,095,942

NET BOOK VALUE

At 30 May 2025

1,095,942

At 30 May 2024

1,050,000

Fair value at 30 May 2025 is represented by:

£

Valuation in 2012

48,093

Valuation in 2016

117,001

Valuation in 2017

120,000

Valuation in 2018

23,000

Valuation in 2019

627,000

Valuation in 2020

32,675

Cost

128,173

1,095,942

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.5.25

30.5.24

£

£

Trade creditors

2,487

3,567

Other creditors

100,187

53,176

Directors' current accounts

2,213

2,213

Accruals and deferred income

1,799

1,079

106,686

60,035

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.5.25

30.5.24

value:

£

£

100

Ordinary

1.00

100

100

8.

RESERVES

Retained

Revaluation

earnings

reserve

Totals

£

£

£

At 31 May 2024

46,746

714,660

761,406

Deficit for the year

(848

)

(848

)

At 30 May 2025

45,898

714,660

760,558

9.	RELATED PARTY DISCLOSURES

As at the balance sheet date, other creditors includes the following loans to associated companies:

30.05.2025

30.05.2024

£

£

KSD Support Services Ltd

47.943

46,874

KSD Housing Ltd

200

200

£2,213 is also owed to the director Peter McDonnell (2024: £2,213).

All of the loans are interest free and are repayable on demand.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Davenport Properties (Sussex) Limited for the year ended 30 May 2025 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Davenport Properties (Sussex) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Davenport Properties (Sussex) Limited and state those matters that we have agreed to state to the Board of Directors of Davenport Properties (Sussex) Limited, as a body, in this report in accordance with icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Davenport Properties (Sussex) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Davenport Properties (Sussex) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Davenport Properties (Sussex) Limited. You consider that Davenport Properties (Sussex) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Davenport Properties (Sussex) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Ashdown Hurrey

Chartered Accountants & Business Advisers

20 Havelock Road

Hastings

East Sussex

TN34 1BP

29 May 2026