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REGISTERED NUMBER: 11752636 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

FOR

DEVERE LONDON LIMITED

DEVERE LONDON LIMITED (REGISTERED NUMBER: 11752636)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DEVERE LONDON LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTOR: Mr J W Green





REGISTERED OFFICE: 26-28 Hammersmith Grove West Wing
Floor 2, Suite E
Hammersmith
W6 7HA





REGISTERED NUMBER: 11752636 (England and Wales)

DEVERE LONDON LIMITED (REGISTERED NUMBER: 11752636)

BALANCE SHEET
31 JANUARY 2024

31.1.24 31.1.23
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 39,927 35,821

CURRENT ASSETS
Debtors 5 377,817 109,329
Cash at bank 1,946 84,353
379,763 193,682
CREDITORS
Amounts falling due within one year 6 5,239,921 3,619,992
NET CURRENT LIABILITIES (4,860,158 ) (3,426,310 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(4,820,231

)

(3,390,489

)

PROVISIONS FOR LIABILITIES 7 7,586 6,806
NET LIABILITIES (4,827,817 ) (3,397,295 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (4,827,917 ) (3,397,395 )
SHAREHOLDERS' FUNDS (4,827,817 ) (3,397,295 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

DEVERE LONDON LIMITED (REGISTERED NUMBER: 11752636)

BALANCE SHEET - continued
31 JANUARY 2024


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 4 November 2024 and were signed by:





Mr J W Green - Director


DEVERE LONDON LIMITED (REGISTERED NUMBER: 11752636)

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

1. STATUTORY INFORMATION

Devere London 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office Equipment - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

DEVERE LONDON LIMITED (REGISTERED NUMBER: 11752636)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern
The director considers the going concern basis to be appropriate as, in their opinion, the company will be able to secure sufficient funding to enable it to pay its debts as they fall due.

The financial statements have been prepared on the going concern basis on the assumption that the company will continue to trade for the foreseeable future, even though it had net liabilities of £4,827,817 as at the balance sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 40 (2023 - 37 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Office and Computer
Equipment fittings equipment Totals
£ £ £ £
COST
At 1 February 2023 31,603 13,155 32,010 76,768
Additions 9,356 3,319 4,249 16,924
At 31 January 2024 40,959 16,474 36,259 93,692
DEPRECIATION
At 1 February 2023 17,717 7,457 15,773 40,947
Charge for year 5,679 2,133 5,006 12,818
At 31 January 2024 23,396 9,590 20,779 53,765
NET BOOK VALUE
At 31 January 2024 17,563 6,884 15,480 39,927
At 31 January 2023 13,886 5,698 16,237 35,821

DEVERE LONDON LIMITED (REGISTERED NUMBER: 11752636)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
31.1.24 31.1.23
£ £
Other debtors 87,761 13,343
Value added tax 54,628 39,225
Prepayments and accrued income 235,428 56,761
377,817 109,329

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£ £
Trade creditors 127,042 3,871
Social security and other taxes 11,897 17,173
Other creditors 5,100,554 3,598,519
Director's current account 428 429
5,239,921 3,619,992

7. PROVISIONS FOR LIABILITIES
31.1.24 31.1.23
£ £
Deferred tax 7,586 6,806

Deferred tax
£
Balance at 1 February 2023 6,806
Charge to Income Statement during year 780
Balance at 31 January 2024 7,586