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REGISTERED NUMBER: 09991132 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Deva Risk Group Ltd

Deva Risk Group Ltd (Registered number: 09991132)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Deva Risk Group Ltd

Company Information
for the Year Ended 31 March 2023







Directors: P J Goddard
S W B Read





Registered office: Third Floor
Liverpool House
Lower Bridge Street
Chester
CH1 1RS





Registered number: 09991132 (England and Wales)





Accountants: Ellis & Co
Chartered Accountants
114-120 Northgate Street
Chester
CH1 2HT

Deva Risk Group Ltd (Registered number: 09991132)

Statement of Financial Position
31 March 2023

31/3/23 31/3/22
Notes £    £    £    £   
Fixed assets
Investments 4 1,409,515 1,409,515

Current assets
Cash at bank 57 542

Creditors
Amounts falling due within one year 5 879,002 832,096
Net current liabilities (878,945 ) (831,554 )
Total assets less current liabilities 530,570 577,961

Creditors
Amounts falling due after more than
one year

6

-

46,000
Net assets 530,570 531,961

Capital and reserves
Called up share capital 7 77 77
Share premium 529,875 529,875
Retained earnings 618 2,009
Shareholders' funds 530,570 531,961

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

Deva Risk Group Ltd (Registered number: 09991132)

Statement of Financial Position - continued
31 March 2023


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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 February 2024 and were signed on its behalf by:





S W B Read - Director


Deva Risk Group Ltd (Registered number: 09991132)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. Statutory information

Deva Risk Group Ltd 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.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

3. Employees and directors

The average number of employees during the year was NIL (2022 - NIL).

Deva Risk Group Ltd (Registered number: 09991132)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. Fixed asset investments
Shares in
group
undertakings
£   
Cost
At 1 April 2022
and 31 March 2023 1,409,515
Net book value
At 31 March 2023 1,409,515
At 31 March 2022 1,409,515

5. Creditors: amounts falling due within one year
31/3/23 31/3/22
£    £   
Amounts owed to group undertakings 695,293 533,255
Other creditors 183,709 298,841
879,002 832,096

6. Creditors: amounts falling due after more than one year
31/3/23 31/3/22
£    £   
Other creditors - 46,000

7. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 31/3/23 31/3/22
value: £    £   
39 Ordinary A £1 39 39
38 Ordinary B £1 38 38
77 77

8. Related party disclosures

Included in creditors is an amount of £695,293 (2022 - £533,255) due to the subsidiary company. No interest is charged on the outstanding balance. This amount is repayable on demand.

The directors have made loans to the company. The balance on these loans at 31 March 2023 was £73,119 (2022 - £73,119). These loans are interest-free and repayable on demand.