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REGISTERED NUMBER: 07704204 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

FOR

DEVONSHIRE ENTERPRISES LTD

DEVONSHIRE ENTERPRISES LTD (REGISTERED NUMBER: 07704204)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


DEVONSHIRE ENTERPRISES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTOR: H Rothbart





REGISTERED OFFICE: Unit 4
70-72 Markfield Road
London
N15 4QF





REGISTERED NUMBER: 07704204 (England and Wales)





ACCOUNTANTS: Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL

DEVONSHIRE ENTERPRISES LTD (REGISTERED NUMBER: 07704204)

STATEMENT OF FINANCIAL POSITION
31 JULY 2023

31.7.23 31.7.22
Notes £    £   
FIXED ASSETS
Investment property 5 300,000 300,000

CURRENT ASSETS
Debtors 6 - 720
Cash at bank 79 1
79 721
CREDITORS
Amounts falling due within one year 7 (49,737 ) (49,398 )
NET CURRENT LIABILITIES (49,658 ) (48,677 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

250,342

251,323

CREDITORS
Amounts falling due after more than one
year

8

(128,215

)

(128,815

)

PROVISIONS FOR LIABILITIES (15,264 ) (15,264 )
NET ASSETS 106,863 107,244

CAPITAL AND RESERVES
Called up share capital 11 1 1
Revaluation reserve 12 101,466 101,466
Retained earnings 12 5,396 5,777
SHAREHOLDERS' FUNDS 106,863 107,244

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

DEVONSHIRE ENTERPRISES LTD (REGISTERED NUMBER: 07704204)

STATEMENT OF FINANCIAL POSITION - continued
31 JULY 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 July 2024 and were signed by:





H Rothbart - Director


DEVONSHIRE ENTERPRISES LTD (REGISTERED NUMBER: 07704204)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1. STATUTORY INFORMATION

Devonshire Enterprises 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents net rent receivable, excluding value added tax.

Investment properties
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 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

DEVONSHIRE ENTERPRISES LTD (REGISTERED NUMBER: 07704204)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2022
and 31 July 2023 300,000
NET BOOK VALUE
At 31 July 2023 300,000
At 31 July 2022 300,000

Fair value at 31 July 2023 is represented by:
£   
Valuation in 2015 112,730
Valuation in 2017 4,000
Cost 183,270
300,000

Investment property was valued on an open market basis on 31 July 2017 by the director .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Other debtors - 720

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Tax 1 94
Other creditors 47,306 47,534
Accrued expenses 2,430 1,770
49,737 49,398

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.23 31.7.22
£    £   
Bank loans (see note 9) 126,415 126,415
Other loans (see note 9) 1,800 2,400
128,215 128,815

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 126,415 126,415

DEVONSHIRE ENTERPRISES LTD (REGISTERED NUMBER: 07704204)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

9. LOANS

An analysis of the maturity of loans is given below:

31.7.23 31.7.22
£    £   
Amounts falling due between two and five years:
Other loans - 2-5 years 1,800 2,400

Amounts falling due in more than five years:
Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 126,415 126,415

10. SECURED DEBTS

The following secured debts are included within creditors:

31.7.23 31.7.22
£    £   
Bank loans 126,415 126,415
Other loans 1,800 2,400
128,215 128,815

1. Long term bank loan is secured by first charge over the company's investment property.

2. Short term bank loan is unsecured and received under Bounceback Loan Scheme (BBL) which is guaranteed by UK government.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.23 31.7.22
value: £    £   
1 Ordinary £1 1 1

12. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 August 2022 5,777 101,466 107,243
Deficit for the year (381 ) (381 )
At 31 July 2023 5,396 101,466 106,862

13. ULTIMATE CONTROLLING PARTY

The controlling party is H Rothbart.