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REGISTERED NUMBER: 01304047 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

FOR

DEVOIRS PROPERTIES LIMITED

DEVOIRS PROPERTIES LIMITED (REGISTERED NUMBER: 01304047)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 July 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DEVOIRS PROPERTIES LIMITED

COMPANY INFORMATION
for the Year Ended 31 July 2023







DIRECTORS: A J Weatherer
Mrs P M Weatherer





SECRETARY: A J Weatherer





REGISTERED OFFICE: Victoria Chambers
100 Boldmere Road
Sutton Coldfield
West Midlands
B73 5UB





REGISTERED NUMBER: 01304047 (England and Wales)





ACCOUNTANTS: Bernard Rogers & Co
Bank Gallery
High Street
Kenilworth
Warwickshire
CV8 1LY

DEVOIRS PROPERTIES LIMITED (REGISTERED NUMBER: 01304047)

BALANCE SHEET
31 July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 15,435 20,580
Investment property 5 1,304,313 1,304,313
1,319,748 1,324,893

CURRENT ASSETS
Debtors 6 415,645 469,919
Investments 7 217,200 -
Cash at bank 405,500 600,387
1,038,345 1,070,306
CREDITORS
Amounts falling due within one year 8 84,379 168,892
NET CURRENT ASSETS 953,966 901,414
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,273,714

2,226,307

CREDITORS
Amounts falling due after more than one
year

9

(8,115

)

(17,739

)

PROVISIONS FOR LIABILITIES (2,933 ) (3,910 )
NET ASSETS 2,262,666 2,204,658

CAPITAL AND RESERVES
Called up share capital 10 14,811 14,811
Share premium 11 42,742 42,742
Revaluation reserve 11 256,265 256,265
Retained earnings 11 1,948,848 1,890,840
SHAREHOLDERS' FUNDS 2,262,666 2,204,658

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 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.

DEVOIRS PROPERTIES LIMITED (REGISTERED NUMBER: 01304047)

BALANCE SHEET - 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 Board of Directors and authorised for issue on 9 January 2024 and were signed on its behalf by:





A J Weatherer - Director


DEVOIRS PROPERTIES LIMITED (REGISTERED NUMBER: 01304047)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 July 2023


1. STATUTORY INFORMATION

Devoirs Properties Limited 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.

Turnover
Turnover represents rents attributable to the period, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Motor vehicles - 25% reducing balance

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 (2022 - 2 ) .

DEVOIRS PROPERTIES LIMITED (REGISTERED NUMBER: 01304047)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 July 2023


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2022
and 31 July 2023 25,995
DEPRECIATION
At 1 August 2022 5,415
Charge for year 5,145
At 31 July 2023 10,560
NET BOOK VALUE
At 31 July 2023 15,435
At 31 July 2022 20,580

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2022
and 31 July 2023 1,304,313
NET BOOK VALUE
At 31 July 2023 1,304,313
At 31 July 2022 1,304,313

6. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 215,256 267,215
Other debtors 1,371 1,417
216,627 268,632

Amounts falling due after more than one year:
Other debtors 199,018 201,287

Aggregate amounts 415,645 469,919

7. CURRENT ASSET INVESTMENTS
2023 2022
£    £   
Listed investments 217,200 -

DEVOIRS PROPERTIES LIMITED (REGISTERED NUMBER: 01304047)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 July 2023


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 4,000 4,000
Trade creditors 11,121 45
Taxation and social security 18,008 65,119
Other creditors 51,250 99,728
84,379 168,892

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 8,115 12,111
Hire purchase contracts - 5,628
8,115 17,739

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
14,811 Ordinary £1 14,811 14,811

11. RESERVES
Retained Share Revaluation
earnings premium reserve Totals
£    £    £    £   

At 1 August 2022 1,890,840 42,742 256,265 2,189,847
Profit for the year 58,008 58,008
At 31 July 2023 1,948,848 42,742 256,265 2,247,855

12. RELATED PARTY DISCLOSURES

At the year end the company owed £28,125 (2022: £76,751) to Mr Weatherer a director.

The company and Mr Weatherer are members of Weatherer Bailey Bragg LLP. During the year the company purchased services of £nil (2022: £339). At the balance sheet date the company was owed £64,453 (2022:£66,722) after any distributions or profit allocations based on the relevant year end.

There was also a loan to Atlantic Nurseries (Wholesale) Ltd, a company under common control in the sum of £200,000 (2022: £240,000). This loan is interest free with no set repayment date.

13. ULTIMATE CONTROLLING PARTY

The company is controlled by Mr A J Weatherer.