Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31Development of building projects0false2022-04-01true0trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11456636 2022-04-01 2023-03-31 11456636 2021-04-01 2022-03-31 11456636 2023-03-31 11456636 2022-03-31 11456636 c:Director1 2022-04-01 2023-03-31 11456636 d:FreeholdInvestmentProperty 2022-04-01 2023-03-31 11456636 d:FreeholdInvestmentProperty 2023-03-31 11456636 d:FreeholdInvestmentProperty 2022-03-31 11456636 d:CurrentFinancialInstruments 2023-03-31 11456636 d:CurrentFinancialInstruments 2022-03-31 11456636 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 11456636 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 11456636 d:ShareCapital 2023-03-31 11456636 d:ShareCapital 2022-03-31 11456636 d:RetainedEarningsAccumulatedLosses 2023-03-31 11456636 d:RetainedEarningsAccumulatedLosses 2022-03-31 11456636 c:FRS102 2022-04-01 2023-03-31 11456636 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 11456636 c:FullAccounts 2022-04-01 2023-03-31 11456636 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Registered number: 11456636










DEVONSHIRE PROPERTY (SK) LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

 
DEVONSHIRE PROPERTY (SK) LIMITED
REGISTERED NUMBER: 11456636

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Investment in development company
 4 
916,901
867,213

Current assets
  

Debtors: amounts falling due within one year
 5 
-
779,450

Cash at bank and in hand
  
341
1,512

  
341
780,962

Creditors: amounts falling due within one year
 6 
(155,626)
(881,734)

Net current liabilities
  
 
 
(155,285)
 
 
(100,772)

  

Net assets
  
761,616
766,441


Capital and reserves
  

Called up share capital 
  
781,750
781,750

Profit and loss account
  
(20,134)
(15,309)

  
761,616
766,441


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 29 November 2023.


A C Lavery
Director

The notes on pages 2 to 3 form part of these financial statements.

Page 1

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

1.


General information

Devonshire Property (SK) Limited is a private company limited by shares, incorporated in England and Wales (registered number: 11456636). 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 Property Development.

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:

The following principal accounting policies have been applied:

 
2.2

Going concern

At the year end date, the Company's liabilities exceeded its assets by £155,285 (2022: £100,772). The company will continue to receive support from related undertakings and on this basis the directors have been prepared on a going concern basis.

 
2.3

Investment in development company

Investments in native land project NL (Kensington) Limited are measured at cost less any accumulated impairment. 

 
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 creditors or debtors, 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.

Page 2

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

3.


Employees

The average number of employees during the year was 0 (2022- 0). The directors do not have employment contracts with the Company and are not paid fo their role.


4.


Investment in development company


Investment in developm't company

£



Valuation


At 1 April 2022
867,213


Additions at cost
49,688



At 31 March 2023
916,901





5.


Debtors

2023
2022
£
£


Amounts owed by group undertakings
-
768,150

Amounts owed by related undertakings
-
11,000

Other debtors
-
300

-
779,450



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
-
26

Amounts owed to group undertakings
148,132
-

Amounts owed to related undertakings
4,444
880,173

Accruals and deferred income
3,050
1,535

155,626
881,734


 
Page 3