Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-3112023-04-01falseNo description of principal activity1truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 01354563 2023-04-01 2024-03-31 01354563 2022-04-01 2023-03-31 01354563 2024-03-31 01354563 2023-03-31 01354563 2022-04-01 01354563 6 2023-04-01 2024-03-31 01354563 6 2022-04-01 2023-03-31 01354563 d:Director1 2023-04-01 2024-03-31 01354563 e:FurnitureFittings 2023-04-01 2024-03-31 01354563 e:FurnitureFittings 2024-03-31 01354563 e:FurnitureFittings 2023-03-31 01354563 e:FurnitureFittings e:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 01354563 e:FreeholdInvestmentProperty 2024-03-31 01354563 e:FreeholdInvestmentProperty 2023-03-31 01354563 e:CurrentFinancialInstruments 2024-03-31 01354563 e:CurrentFinancialInstruments 2023-03-31 01354563 e:CurrentFinancialInstruments e:WithinOneYear 2024-03-31 01354563 e:CurrentFinancialInstruments e:WithinOneYear 2023-03-31 01354563 e:UKTax 2023-04-01 2024-03-31 01354563 e:UKTax 2022-04-01 2023-03-31 01354563 e:ShareCapital 2024-03-31 01354563 e:ShareCapital 2023-03-31 01354563 e:RetainedEarningsAccumulatedLosses 2024-03-31 01354563 e:RetainedEarningsAccumulatedLosses 2023-03-31 01354563 d:FRS102 2023-04-01 2024-03-31 01354563 d:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 01354563 d:FullAccounts 2023-04-01 2024-03-31 01354563 d:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 01354563 e:OtherDeferredTax 2024-03-31 01354563 e:OtherDeferredTax 2023-03-31 01354563 f:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure
Registered number: 01354563









 
DEVILLE HOMES LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024














Fletcher & Partners
Chartered Accountants
Salisbury

 
DEVILLE HOMES LIMITED
REGISTERED NUMBER: 01354563

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
362
453

Investment property
 6 
300,000
300,000

  
300,362
300,453

Current assets
  

Stocks
 7 
58,485
58,485

Debtors: amounts falling due within one year
 8 
301,221
299,273

Cash at bank and in hand
 9 
13,469
13,327

  
373,175
371,085

Creditors: amounts falling due within one year
 10 
(417,696)
(405,324)

Net current liabilities
  
 
 
(44,521)
 
 
(34,239)

Total assets less current liabilities
  
255,841
266,214

Provisions for liabilities
  

Deferred tax
 11 
(44,425)
(44,425)

Net assets
  
211,416
221,789


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
211,316
221,689

  
211,416
221,789


Page 1

 
DEVILLE HOMES LIMITED
REGISTERED NUMBER: 01354563

BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




P J Kaufeler
Director
Date: 10 October 2024

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
DEVILLE HOMES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Deville Homes Limited is a private company limited by shares, incorporated in England and Wales, registered number 01354563. Its registered office is 13a Kenway Road, London, SW5 0RP.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures and fittings
-
20%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.4

Investment property

Investment property is carried at fair value determined annually by the director and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Statement of Comprehensive Income.

 
2.5

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell.

Page 3

 
DEVILLE HOMES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.6

Debtors

Short term debtors are measured at transaction price, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
Debt instruments that are payable or receivable within one year are measured initially and subsequently at the undiscounted amount of the cash or other consideration expected to be paid or received.

 
2.9

Creditors

Short term creditors are measured at the transaction price. 

 
2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

 
2.11

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Page 4

 
DEVILLE HOMES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

3.


Employees




The average monthly number of employees, including directors, during the year was 1 (2023 - 1).


4.


Taxation


2024
2023
£
£

Corporation tax


Current tax on profits for the year
6,672
3,962


Deferred tax


Taxation on profit on ordinary activities
6,672
3,962

Factors affecting tax charge for the year

The tax assessed for the year is lower than (2023 - higher than) the standard rate of corporation tax in the UK of 25% (2023 - 19%). The differences are explained below:

2024
2023
£
£


Profit on ordinary activities before tax
32,299
20,741


Profit on ordinary activities multiplied by standard rate of corporation tax in the UK of 25% (2023 - 19%)
8,075
3,941

Effects of:


Depreciation for year in excess of capital allowances
23
21

Group relief
(624)
-

Marginal relief
(802)
-

Total tax charge for the year
6,672
3,962

Page 5

 
DEVILLE HOMES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


At 1 April 2023
15,338



At 31 March 2024

15,338



Depreciation


At 1 April 2023
14,885


Charge for the year on owned assets
91



At 31 March 2024

14,976



Net book value



At 31 March 2024
362



At 31 March 2023
453


6.


Investment property


Freehold investment property

£



Valuation


At 1 April 2023
300,000



At 31 March 2024
300,000





7.


Stocks

2024
2023
£
£

Finished goods and goods for resale
58,485
58,485


Page 6

 
DEVILLE HOMES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

8.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
298,495
298,495

Other debtors
1,486
65

Prepayments and accrued income
1,240
713

301,221
299,273



9.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
13,469
13,327



10.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
111
-

Amounts owed to group undertakings
397,993
388,610

Corporation tax
6,672
3,962

Other creditors
12,074
11,932

Accruals and deferred income
846
820

417,696
405,324



11.


Deferred taxation




2024
2023


£

£






At beginning of year
44,425
44,425



At end of year
44,425
44,425

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Fair value gains
44,425
44,425

Page 7

 
DEVILLE HOMES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

12.


Profit and loss account

Non-distributable 2024
Distributable 2024
Total
2024
Non-distributable 2023
Distributable 2023
Total
2023
        £
        £
        £
        £
        £
        £

Brought forward

190,694

30,995

221,689
 
190,694
 
59,216

249,910

Profit before tax

-

32,299

32,299
 
-
 
20,741

20,741

Corporation tax

-

(6,672)

(6,672)
 
-
 
(3,962)

(3,962)

 Equity dividends

-

(36,000)

(36,000)
 
-
 
(45,000)

(45,000)


190,694

20,622

211,316
 
190,694
 
30,995

221,689



13.


Fair value reserve (part of non-distributable profit and loss account)

2024
£
At 1 April 2023

235,119

Fair value gains in year

-

At 31 March 2024
235,119



14.


Related party transactions

The company has taken advantage of the exemption under FRS 102 to not disclose transactions between group companies.


15.


Controlling party

The company is a wholly owned subsidiary of Deville Investment Group Holdings Limited, a company incorporated in the United Kingdom.  Its registered office is 13a Kenway Road, London, SW5 0RP.


Page 8