2022-05-26 06584347 2023-05-24 06584347 2022-05-26 2023-05-24 06584347 2022-05-25 06584347 2021-05-27 2022-05-25 06584347 uk-core:WithinOneYear 2022-05-25 06584347 uk-core:WithinOneYear 2023-05-24 06584347 uk-core:AfterOneYear 2022-05-25 06584347 uk-core:AfterOneYear 2023-05-24 06584347 uk-core:ShareCapital 2023-05-24 06584347 uk-core:ShareCapital 2022-05-25 06584347 uk-core:RetainedEarningsAccumulatedLosses 2023-05-24 06584347 uk-core:RetainedEarningsAccumulatedLosses 2022-05-25 06584347 uk-bus:Director1 2022-05-26 2023-05-24 06584347 uk-core:Buildings 2022-05-26 2023-05-24 06584347 uk-core:OfficeEquipment 2022-05-26 2023-05-24 06584347 uk-core:Vehicles 2022-05-26 2023-05-24 06584347 uk-core:OfficeEquipment 2022-05-25 06584347 uk-core:Vehicles 2022-05-25 06584347 uk-core:Buildings 2022-05-25 06584347 uk-core:Buildings 2023-05-24 06584347 uk-core:Vehicles 2023-05-24 06584347 uk-core:OfficeEquipment 2023-05-24 06584347 uk-core:CostValuation 2022-05-25 06584347 uk-core:CostValuation uk-core:Non-currentFinancialInstruments 2022-05-25 06584347 uk-core:CostValuation uk-core:Non-currentFinancialInstruments 2023-05-24 06584347 uk-core:CostValuation 2023-05-24 06584347 uk-core:Non-currentFinancialInstruments 2023-05-24 06584347 uk-core:Non-currentFinancialInstruments 2022-05-25 06584347 uk-core:WithinOneYear 2023-05-24 06584347 uk-core:WithinOneYear 2022-05-25 06584347 uk-core:WithinOneYear 2022-05-26 2023-05-24 06584347 uk-core:AfterOneYear uk-core:Secured 2023-05-24 06584347 uk-core:AfterOneYear uk-core:Secured 2022-05-25 06584347 uk-core:AfterOneYear 2022-05-26 2023-05-24 06584347 2 uk-bus:Director1 2022-05-26 2023-05-24 06584347 2 uk-bus:Director1 2023-05-24 06584347 2 uk-bus:Director1 2022-05-25 iso4217:GBP xbrli:pure 06584347 uk-bus:AuditExemptWithAccountantsReport 2022-05-26 2023-05-24 06584347 uk-bus:FRS102 2022-05-26 2023-05-24 06584347 uk-bus:FullAccounts 2022-05-26 2023-05-24 06584347 uk-bus:PrivateLimitedCompanyLtd 2022-05-26 2023-05-24
Devon Block Management Limited
Registered Number:06584347
For the period ended 24 May 2023
England and Wales
Unaudited Financial Statements
2
For the period ended 24 May 2023
Devon Block Management Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
06584347
As at 24 May 2023
Devon Block Management Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
12,710
11,188
2
Financial assets
14,400
14,400
3
27,110
25,588
Current assets
Trade and other receivables
271,422
378,053
4
11,028
Cash and cash equivalents
422
378,475
282,450
Trade and other payables: amounts falling due within one
year
(272,463)
(350,228)
5
9,987
28,247
Net current assets
Total assets less current liabilities
55,357
35,575
Trade and other payables: amounts falling due after more
than one year
(29,352)
(20,397)
6
(2,415)
(1,207)
Provisions for liabilities
32,545
Net assets
5,016
Capital and reserves
Called up share capital
2
2
Retained earnings
32,543
5,014
32,545
5,016
Shareholders' funds
For the period ended 24 May 2023 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the period ended 24 May 2023 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
S F Nicholson Director
These financial statements were approved and authorised for issue by the Board on 21 August 2024 and were signed by:
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4
Registered Number :
06584347
For the period ended 24 May 2023
Devon Block Management Limited
Statement of Financial Position Continued
The notes form part of these financial statements
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5
For the period ended 24 May 2023
Devon Block Management Limited
Notes to the Financial Statements
Statutory Information
Devon Block Management Limited is a private limited company, limited by shares, domiciled in England and Wales,
registration number 06584347.
Registered address:
Behan House
25 Stonehouse Street
Stonehouse
Plymouth
PL1 3PE
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention.
Revenue recognition
Turnover represents income from the provision of block management services at invoice value, excluding value added tax.
Property, plant and equipment
Tangible fixed assets are stated at cost less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Leasehold improvements
5% Straight line
25% Reducing balance
Office equipment
25% Reducing balance
Motor vehicles
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.
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6
For the period ended 24 May 2023
Devon Block Management Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Office
equipment
Motor vehicles
Leasehold
improvements
£
£
£
£
Cost or
valuation
At 26 May 2022
43,557
20,934
12,745
9,878
4,806
4,806
-
-
Additions
At 24 May 2023
9,878
12,745
25,740
48,363
Provision for depreciation and impairment
At 26 May 2022
32,369
16,216
11,111
5,042
Charge for period
3,284
2,381
409
494
At 24 May 2023
35,653
18,597
11,520
5,536
At 24 May 2023
Net book value
4,342
1,225
7,143
12,710
At 25 May 2022
4,836
1,634
4,718
11,188
3. Investments held as fixed assets
Other investments
Total
At 26 May 2022
14,400
14,400
Cost
£
£
At 24 May 2023
14,400
14,400
At 24 May 2023
Net book value
14,400
14,400
At 26 May 2022
14,400
14,400
Devon Block Management Limited have invested £14,400 into a software and development business. This equates
to a value of 6% of the business.
4. Trade and other receivables
2022
2023
£
£
Trade debtors
189,178
75,657
Other debtors
188,875
195,765
271,422
378,053
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7
For the period ended 24 May 2023
Devon Block Management Limited
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Bank loans and overdraft
10,199
10,063
Trade creditors
5,286
8,453
Taxation and social security
54,947
47,850
Other creditors
279,796
206,097
350,228
272,463
Included within taxation and social security is corporation tax of £10,631 (2022: £4,057).
6. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Bank loans and overdraft
20,397
29,352
In May 2020 the company took out a covid bounce back loan of £50,000. This was taken over a 72 month period, with the first payment due 13 months after the loan was received. The first years interest was paid by the government and then the company will pay the remaining 60 months with their monthly payments.
7. Related party transactions
The company is under the effective control of its directors.
8. Directors advances and guarantees
At 26/05/2022
Loaned
At 24/05/2023
£
£
£
S F Nicholson
Loan from director
8,345
(53,951)
62,295
8,345
(53,951)
62,295
9. Average number of persons employed
During the year the average number of employees was 11 (2022 : 13)
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