2022-12-01 2023-11-30 false Capium Accounts Production 1.1 06420858 bus:FullAccounts 2022-12-01 2023-11-30 06420858 bus:FRS102 2022-12-01 2023-11-30 06420858 bus:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 06420858 bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 06420858 bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 06420858 2022-12-01 2023-11-30 06420858 2023-11-30 06420858 bus:RegisteredOffice 2022-12-01 2023-11-30 06420858 core:WithinOneYear 2023-11-30 06420858 core:AfterOneYear 2023-11-30 06420858 bus:Director1 2022-12-01 2023-11-30 06420858 bus:Director1 2023-11-30 06420858 bus:Director1 2021-12-01 2022-11-30 06420858 2021-12-01 06420858 bus:CompanySecretary1 2022-12-01 2023-11-30 06420858 bus:CompanySecretary2 2022-12-01 2023-11-30 06420858 bus:LeadAgentIfApplicable 2022-12-01 2023-11-30 06420858 2021-12-01 2022-11-30 06420858 2022-11-30 06420858 core:WithinOneYear 2022-11-30 06420858 core:AfterOneYear 2022-11-30 06420858 bus:EntityAccountantsOrAuditors 2021-12-01 2022-11-30 06420858 bus:OrdinaryShareClass1 2022-12-01 2023-11-30 06420858 bus:OrdinaryShareClass1 2023-11-30 06420858 bus:OrdinaryShareClass1 2021-12-01 2022-11-30 06420858 bus:OrdinaryShareClass1 2022-11-30 06420858 core:PlantMachinery 2022-12-01 2023-11-30 06420858 core:PlantMachinery 2023-11-30 06420858 core:PlantMachinery 2022-11-30 06420858 core:MotorCars 2022-12-01 2023-11-30 06420858 core:MotorCars 2023-11-30 06420858 core:MotorCars 2022-11-30 06420858 core:FurnitureFittings 2022-12-01 2023-11-30 06420858 core:FurnitureFittings 2023-11-30 06420858 core:FurnitureFittings 2022-11-30 06420858 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2023-11-30 06420858 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2022-11-30 06420858 core:NetGoodwill 2022-12-01 2023-11-30 06420858 core:NetGoodwill 2023-11-30 06420858 core:NetGoodwill 2022-11-30 06420858 core:CostValuation core:Non-currentFinancialInstruments 2023-11-30 06420858 core:CostValuation core:Non-currentFinancialInstruments 2022-11-30 06420858 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2023-11-30 06420858 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2023-11-30 06420858 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2023-11-30 06420858 core:Non-currentFinancialInstruments 2023-11-30 06420858 core:Non-currentFinancialInstruments 2022-11-30 06420858 core:ShareCapital 2023-11-30 06420858 core:ShareCapital 2022-11-30 06420858 core:RetainedEarningsAccumulatedLosses 2023-11-30 06420858 core:RetainedEarningsAccumulatedLosses 2022-11-30 06420858 dpl:Item1 2022-12-01 06420858 dpl:Item1 2023-11-30 06420858 dpl:Item1 2021-12-01 06420858 dpl:Item1 2022-11-30 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: 06420858
England and Wales

 

 

 

DEVON PLACE LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 01 December 2022

End date: 30 November 2023
Director Rachael Gill-Randall
Registered Number 06420858
Registered Office Suite G2 The Business Centre
Cardiff House, Cardiff Road
Barry
Vale of Glamorgan
CF63 2AW
Secretaries Andrew Randall
James Edwards
1
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 4 186,481    229,901 
Investments 5 26,634    57,342 
213,115    287,243 
Current assets      
Stocks 6 15,402    24,420 
Debtors: amounts falling due within one year 7 34,963    34,691 
Debtors: amounts falling due after one year 8 339,623    391,812 
Cash at bank and in hand 3,866    3,758 
393,854    454,681 
Creditors: amount falling due within one year 9 (261,985)   (130,688)
Net current assets 131,869    323,993 
 
Total assets less current liabilities 344,984    611,236 
Creditors: amount falling due after more than one year 10 (320,501)   (579,092)
Provisions for liabilities 11 (28,703)   (31,907)
Net assets (4,220)   237 
 

Capital and reserves
     
Called up share capital 12 100    100 
Profit and loss account (4,320)   137 
Shareholders' funds (4,220)   237 
 


For the year ended 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.

The director has chosen to exercise the option in S444(1)(a) CA 2006 and file just the balance sheet.
The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small company's regime.
The financial statements were approved by the director on 30 August 2024 and were signed by:


-------------------------------
Rachael Gill-Randall
Director
2
General Information
Devon Place Limited is a private company, limited by shares, registered in England and Wales, registration number 06420858, registration address Suite G2 The Business Centre, Cardiff House, Cardiff Road, Barry, Vale of Glamorgan, CF63 2AW. The trading address of the company is Devon Place Dental Practice, 52 Devon Place, Newport, Gwent, NP20 4NU.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Finance lease and hire purchase charges
The finance element of the rental payment is charged to the income statement on a straight line basis.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of 5 years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 25% Reducing Balance
Motor Vehicles 25% Reducing Balance
Fixtures and Fittings 10% Reducing Balance
Improvements to property 10% Reducing Balance
Assets on finance lease and hire purchase
Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.

Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.
Fixed asset investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Current asset investments
Current asset investments are stated at the lower of cost and net realisable value.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 16 (2022 : 16).
3.

Intangible fixed assets

Cost Goodwill   Total
  £   £
At 01 December 2022 45,574    45,574 
Additions  
Disposals  
At 30 November 2023 45,574    45,574 
Amortisation
At 01 December 2022 45,574    45,574 
Charge for year  
On disposals  
At 30 November 2023 45,574    45,574 
Net book values
At 30 November 2023  
At 30 November 2022  


4.

Tangible fixed assets

Cost or valuation Plant and Machinery   Motor Vehicles   Fixtures and Fittings   Improvements to property   Total
  £   £   £   £   £
At 01 December 2022 322,499    113,885    58,703    37,918    533,005 
Additions 4,892          4,892 
Disposals        
At 30 November 2023 327,391    113,885    58,703    37,918    537,897 
Depreciation
At 01 December 2022 229,764    46,096    21,440    5,804    303,104 
Charge for year 24,427    16,947    3,727    3,211    48,312 
On disposals        
At 30 November 2023 254,191    63,043    25,167    9,015    351,416 
Net book values
Closing balance as at 30 November 2023 73,200    50,842    33,536    28,903    186,481 
Opening balance as at 01 December 2022 92,735    67,789    37,263    32,114    229,901 


5.

Investments

Cost Other investments other than loans   Loans to participating interests   Total
  £   £   £
At 01 December 2022 31,500    25,842    57,342 
Additions   792    792 
Transfer to/from tangible fixed assets    
Disposals (31,500)     (31,500)
At 30 November 2023   26,634    26,634 

6.

Stocks

2023
£
  2022
£
Work in Progress 6,790    14,085 
Stocks 8,612    10,335 
15,402    24,420 

7.

Debtors: amounts falling due within one year

2023
£
  2022
£
Trade Debtors 19,270    24,834 
Prepayments & Accrued Income   9,857 
Other Debtors 15,693   
34,963    34,691 

8.

Debtors: amounts falling due after one year

2023
£
  2022
£
Other Debtors 243,511    274,232 
Directors' Loan Accounts 96,112    117,580 
339,623    391,812 
Other Debtors
The company made a loan of £150,000 at the end of November 2018 to a property company Glenmore Systems Ltd charged at 3.75% - a commercial rate of interest - is contractually binding and will be reviewed annually.  Balance at 30th November 2023 was £243,511 (2022: £251,294.

9.

Creditors: amount falling due within one year

2023
£
  2022
£
Trade Creditors 80,484    77,592 
Bank Loans & Overdrafts 100,476   
Corporation Tax 31,160    44,512 
PAYE & Social Security 17,797    6,657 
Other Creditors 2    1,927 
Obligations under HP/Financial Leases 32,066   
261,985    130,688 

10.

Creditors: amount falling due after more than one year

2023
£
  2022
£
Bank Loans & Overdrafts 152,979    333,109 
Other Creditors 104,308    118,638 
Obligations Under HP/Financial Leases 63,214    127,345 
320,501    579,092 

11.

Provisions for liabilities

2023
£
  2022
£
Deferred Tax 27,945    30,948 
Pension Provisions 758    959 
28,703    31,907 

12.

Share Capital

Authorised
100 Class A shares of £1.00 each
Allotted, called up and fully paid
2023
£
  2022
£
100 Class A shares of £1.00 each 100    100 
100    100 

13.

Ultimate Controlling Party

The ultimate controlling party is Dr Rachael Gill-Randall
14.

Directors' Loan Account

At 30th November 2023, the director owed the Company £96,112 (2022: £117,580).
3