Registered number
03498856
DE-VILLE ACCOMMODATION LIMITED
Filleted Accounts
29 February 2024
DE-VILLE ACCOMMODATION LIMITED
Registered number: 03498856
Balance Sheet
as at 29 February 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 2,590,000 3,145,000
Current assets
Debtors 4 776 713
Cash at bank and in hand 213,605 256,315
214,381 257,028
Creditors: amounts falling due within one year 5 (53,507) (45,856)
Net current assets 160,874 211,172
Total assets less current liabilities 2,750,874 3,356,172
Provisions for liabilities (93,341) (194,049)
Net assets 2,657,533 3,162,123
Capital and reserves
Called up share capital 2 2
Profit and loss account 2,657,531 3,162,121
Shareholders' funds 2,657,533 3,162,123
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
R J Damant
Director
Approved by the board on 19 November 2024
DE-VILLE ACCOMMODATION LIMITED
Notes to the Accounts
for the year ended 29 February 2024
1 Accounting policies
Basis of preparation
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 rents receivable from properties under management.
Tangible fixed assets
Tangible fixed assets, with the exception of investment properties, are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all other tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Furniture,fixtures and fittings over 4 years
Investment properties
Investment properties are measured at fair value. Changes in fair value are included in the profit and loss account. Deferred tax based on the revalued amounts is provided at the rate expected to apply on future sales.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued investment properties where the tax rate expected to apply to the sales of the assets is used. Current and deferred tax liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost or valuation
At 1 March 2023 3,145,000 11,091 3,156,091
Reduction on revaluation (555,000) - (555,000)
At 29 February 2024 2,590,000 11,091 2,601,091
Depreciation
At 1 March 2023 - 11,091 11,091
At 29 February 2024 - 11,091 11,091
Net book value
At 29 February 2024 2,590,000 - 2,590,000
At 28 February 2023 3,145,000 - 3,145,000
Freehold land and buildings: 2024 2023
£ £
Historical cost 1,841,805 1,841,805
Cumulative depreciation based on historical cost - -
1,841,805 1,841,805
4 Debtors 2024 2023
£ £
Other debtors 776 713
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 39,561 33,046
Other creditors 13,946 12,810
53,507 45,856
6 Controlling party
The company has no individual controlling party.
7 Other information
DE-VILLE ACCOMMODATION LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
370 Scraptoft Lane
Leicester
LE5 1PD
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