Davis Poplar Management Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07296750

Unaudited Financial Statements for the Year Ended 30 June 2018

for

Davis Poplar Management Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

I E Davis

Mrs N A Davis

REGISTERED OFFICE:

First Floor

29 St Augustine's Parade

Bristol

BS1 4UL

REGISTERED NUMBER:

07296750

ACCOUNTANTS:

Prowting and Partners

First Floor

29 St Augustine's Parade

Bristol

BS1 4UL

FIXED ASSETS

Investment property

4

688,509

804,357

CURRENT ASSETS

Debtors

5

331

719

Cash at bank

983

17,400

1,314

18,119

CREDITORS

Amounts falling due within one year

6

490,352

443,937

NET CURRENT LIABILITIES

(489,038

)

(425,818

)

TOTAL ASSETS LESS CURRENT LIABILITIES

199,471

378,539

CREDITORS

Amounts falling due after more than one year

7

(117,104

)

(288,883

)

PROVISIONS FOR LIABILITIES

(8,576

)

(9,354

)

NET ASSETS

73,791

80,302

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

73,691

80,202

73,791

80,302

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 18 March 2019 and were signed on its behalf by:

I E Davis - Director

1.	STATUTORY INFORMATION

Davis Poplar Management Ltd is a private company, limited by shares , registered in Not

specified/Other. 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

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 2 (2017 - 2 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 July 2017

804,357

Additions

47,022

Disposals

(162,870

)

At 30 June 2018

688,509

NET BOOK VALUE

At 30 June 2018

688,509

At 30 June 2017

804,357

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.18

30.6.17

£

£

Other debtors

331

719

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.18

30.6.17

£

£

Bank loans and overdrafts

8,049

10,450

Taxation and social security

242

1,271

Other creditors

482,061

432,216

490,352

443,937

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.6.18

30.6.17

£

£

Bank loans

117,104

288,883