REGISTERED NUMBER: 02158882 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH JUNE 2025

FOR

DAVID JAMES ESTATES LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr D J Bewick

Mrs T Bewick

REGISTERED OFFICE:

c/o Michael Heaven & Associates Limited

47 Calthorpe Road

Edgbaston

BIRMINGHAM

West Midlands

B15 1TH

REGISTERED NUMBER:

02158882 (England and Wales)

ACCOUNTANTS:

Michael Heaven & Associates Limited

Chartered Certified Accountants

47 Calthorpe Road

Edgbaston

BIRMINGHAM

B15 1TH

BANKERS:

Lloyds Bank PLC

9-11 Poplar Road

Solihull

West Midlands

B91 3AN

INCORPORATED:

28th August 1987

FIXED ASSETS

Tangible assets

4

1,894

3,785

Investments

5

1

1

Investment property

6

4,010,000

4,010,000

4,011,895

4,013,786

CURRENT ASSETS

Debtors

512,377

473,914

Cash at bank

83,596

98,915

595,973

572,829

CREDITORS

Amounts falling due within one year

1,497,512

1,630,134

NET CURRENT LIABILITIES

(901,539

)

(1,057,305

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,110,356

2,956,481

PROVISIONS FOR LIABILITIES

7

254,267

254,740

NET ASSETS

2,856,089

2,701,741

CAPITAL AND RESERVES

Called up share capital

8

57,300

57,300

Share premium

5,323

5,323

Capital redemption reserve

1,700

1,700

Undistributable revenue

reserve

1,361,805

1,361,805

Retained earnings

1,429,961

1,275,613

SHAREHOLDERS' FUNDS

2,856,089

2,701,741

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30th June 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 15th September 2025 and were signed on its behalf by:

Mr D J Bewick - Director

1.	STATUTORY INFORMATION

David James Estates 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.

Turnover

Turnover represents the net invoiced value of rents and recharged services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due.

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

-

15% on cost

Investment property

Investment properties are properties held to earn rentals and for capital appreciation. Investment properties are initially measured at cost, including transaction costs. Subsequently gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

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.

Investments in associates

Investments in associate undertakings are recognised at cost.

Debtors

Short term debtors are measured at transaction price, less any impairment.

Creditors

Short term trade creditors are measured at the transaction price.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1st July 2024

and 30th June 2025

176,252

DEPRECIATION

At 1st July 2024

172,467

Charge for year

1,891

At 30th June 2025

174,358

NET BOOK VALUE

At 30th June 2025

1,894

At 30th June 2024

3,785

5.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST

At 1st July 2024

and 30th June 2025

1

NET BOOK VALUE

At 30th June 2025

1

At 30th June 2024

1

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st July 2024

and 30th June 2025

4,010,000

NET BOOK VALUE

At 30th June 2025

4,010,000

At 30th June 2024

4,010,000

Fair value at 30th June 2025 is represented by:

£

Valuation in 2000

8,588

Valuation in 2002

150,000

Valuation in 2006

275,000

Valuation in 2014

202,307

Valuation in 2016

206,734

Valuation in 2017

(6,532

)

Valuation in 2018

(231,735

)

Valuation in 2020

(20,000

)

Valuation in 2021

948,409

Valuation in 2024

49,560

Cost

2,427,669

4,010,000

If the investment properties had not been revalued they would have been included at the following historical cost:

2025

2024

£

£

Cost

2,427,669

2,427,669

In the directors' opinion the current carrying value of investment properties is reflective of the current market values.

7.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

254,267

254,740

Deferred

tax

£

Balance at 1st July 2024

254,740

Provided during year

(473

)

Movement

Balance at 30th June 2025

254,267

Provisions are recognised when the company has a legal or constructive obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle the obligation and the amount of the obligation can be reliably estimated. Provisions are recognised at the best estimate of the amount required to settle the obligation at the reporting date.

A provision for annual leave accrued by employees as a result of services rendered in the current period, and which employees are entitled to carry forward and use within the next 12 months is recognised. The provision is measured at the salary cost payable for the period of absence.

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

57,300

Ordinary

£1

57,300

57,300

9.	RELATED PARTY DISCLOSURES

As at the year end the amount due to the directors totalled £1,420,350. This loan is interest free and repayable upon demand.

As at the year end there was a balance of £477,088 due from a company in which Mr D Bewick is also a director. This loan is interest free and repayable upon demand.