Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31Development of building projects2022-04-01false0true0trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12063098 2022-04-01 2023-03-31 12063098 2021-04-01 2022-03-31 12063098 2023-03-31 12063098 2022-03-31 12063098 c:Director1 2022-04-01 2023-03-31 12063098 d:CurrentFinancialInstruments 2023-03-31 12063098 d:CurrentFinancialInstruments 2022-03-31 12063098 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 12063098 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 12063098 d:ShareCapital 2023-03-31 12063098 d:ShareCapital 2022-03-31 12063098 d:RetainedEarningsAccumulatedLosses 2023-03-31 12063098 d:RetainedEarningsAccumulatedLosses 2022-03-31 12063098 c:OrdinaryShareClass1 2022-04-01 2023-03-31 12063098 c:OrdinaryShareClass1 2023-03-31 12063098 c:OrdinaryShareClass1 2022-03-31 12063098 c:FRS102 2022-04-01 2023-03-31 12063098 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 12063098 c:FullAccounts 2022-04-01 2023-03-31 12063098 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 12063098










DEVONSHIRE PROPERTY (B1D) LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

 
DEVONSHIRE PROPERTY (B1D) LIMITED
REGISTERED NUMBER: 12063098

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

  

Current assets
  

Stocks
  
498,720
444,565

Debtors: amounts falling due within one year
 4 
11,528
71,149

Cash at bank and in hand
  
-
1,588

  
510,248
517,302

Creditors: amounts falling due within one year
 5 
(506,354)
(519,408)

Net assets/(liabilities)
  
3,894
(2,106)


Capital and reserves
  

Called up share capital 
 6 
10,003
1

Profit and loss account
  
(6,109)
(2,107)

  
3,894
(2,106)


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 26 October 2023.




A C Lavery
Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
DEVONSHIRE PROPERTY (B1D) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Devonshire Property (B1D) Limited is a private company limited by shares, incorporated in England and Wales (registered number: 12063098). Its registered office is the Estate Office, Edensor, Bakewell, Derbyshire, DE45 1PJ. The principal activity of the Company throughout the year continued to be that of letting and operating real estate.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The Company's functional and presentation currency is pounds sterling.

The following principal accounting policies have been applied:

 
2.2

Going concern

The Company will continue to receive support from related undertakings and on this basis the directors have prepared the financial statements on a going concern basis.

 
2.3

Stocks

Land for development is valued at the lower of cost and net realisable value. Net realisable value is based on estimated selling price less all further costs to completion and all relevant marketing and selling costs.
At the period end, the company conducts a review of the net realisable value. The review reflects both current and anticipated market values. In making these assessment there is a degree of judgement and uncertainty due to the volatility and speculation that surrounds the development sector.

Page 2

 
DEVONSHIRE PROPERTY (B1D) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.4

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as bank and cash balances, trade and other accounts receivable and payable, loans from banks and other third parties and loans to and from related parties.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other debtors and creditors, are initially measured at the transaction price and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 
2.5

Taxation

Tax is recognised in the Statement of Income and Retained Earnings.
The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


3.


Employees

The average number of employees during the year was 0 (2021- 0). The directors do not have employment contracts with the Company and are not paid for their role.


4.


Debtors

2023
2022
£
£


Amounts owed by related undertakings
10,003
70,000

Other debtors
1,525
1,149

11,528
71,149


Page 3

 
DEVONSHIRE PROPERTY (B1D) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
189
-

Trade creditors
-
429

Amounts owed to group undertakings
501,944
516,944

Accruals and deferred income
4,221
2,035

506,354
519,408



6.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



10,003 (2022 - 1) Ordinary shares of £1.00 each
10,003
1


During the year, 10,002 £1 ordinary shares were issued at par.

 
Page 4