D A V Properties Limited - Filleted accounts

Registered number

01361579

D A V Properties Limited

Filleted Accounts

30 April 2026

D A V Properties Limited
Registered number:		01361579
Balance Sheet
as at 30 April 2026

Notes			2026		2025

Fixed assets
Tangible assets	3		723		6,164

Current assets
Debtors	4	432,000		438,794
Cash at bank and in hand		580,729		515,392
		1,012,729		954,186

Creditors: amounts falling due within one year	5	(668,311)		(586,688)

Net current assets			344,418		367,498

Total assets less current liabilities			345,141		373,662

Creditors: amounts falling due after more than one year	6		-		(5,834)

Provisions for liabilities			(91)		(938)


Net assets			345,050		366,890

Capital and reserves
Called up share capital			2		2
Profit and loss account			345,048		366,888

Shareholder's funds			345,050		366,890

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




H Hanna
Director
Approved by the board on 5 August 2026

D A V Properties Limited
Notes to the Accounts
for the year ended 30 April 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Leasehold alterations			over the lease term
	Fixtures and equipment			over 5 years

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Grant income
	Capital and revenue grants are recognised in income on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate.


2	Employees					2026		2025
Number							Number

	Average number of persons employed by the company					5		5


3	Tangible fixed assets
				Leasehold alterations		Fixtures & equipment		Total

	Cost
	At 1 May 2025			8,610		17,166		25,776
	At 30 April 2026			8,610		17,166		25,776

	Depreciation
	At 1 May 2025			6,313		13,299		19,612
	Charge for the year			2,008		3,433		5,441
	At 30 April 2026			8,321		16,732		25,053

	Net book value
	At 30 April 2026			289		434		723
	At 30 April 2025			2,297		3,867		6,164


4	Debtors					2026		2025


	Other debtors					432,000		438,794

	Amounts due after more than one year included above					106,213		106,213


5	Creditors: amounts falling due within one year					2026		2025


	Bank loans and overdrafts					5,835		10,000
	Taxation and social security costs					27,807		49,401
	Other creditors					634,669		527,287
						668,311		586,688


6	Creditors: amounts falling due after one year					2026		2025


	Bank loans					-		5,834


7	Loans					2026		2025

	Creditors include:

	Secured bank loans					5,835		15,834

	The bank loan is a Covid Bounce Back Loan secured by the UK Government.


8	Other financial commitments					2026		2025


	Total future minimum payments under non-cancellable operating leases					13,000		39,000


9	Loans to directors
	Description and conditions	B/fwd	Paid		Repaid		C/fwd

	H Hanna
	Directors current account	328,088		85,428		(92,223)		321,293

		328,088		85,428		(92,223)		321,293


10	Controlling party

	H Hanna owns 100% of the issued share capital and is therefore the controlling party.


11	Other information

	D A V Properties Limited is a private company limited by shares and incorporated in England. Its registered office is:
	83 George Street
	London
	W1U 8AQ