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REGISTERED NUMBER: 05452376 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

DEVAN HOMES LIMITED

DEVAN HOMES LIMITED (REGISTERED NUMBER: 05452376)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DEVAN HOMES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTOR: D Patel





REGISTERED OFFICE: Suite 211, Albert Wing
The Argent Centre
60 Frederick Street
Birmingham
B1 3HS





REGISTERED NUMBER: 05452376 (England and Wales)





ACCOUNTANTS: Ark Aurora Ltd
Chartered Accountants & Chartered Tax Advisers
The Maltings
2 Anderson Rd
Bearwood
Birmingham
West Midlands
B66 4AR

DEVAN HOMES LIMITED (REGISTERED NUMBER: 05452376)

BALANCE SHEET
30 NOVEMBER 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 48,612 55,122

CURRENT ASSETS
Stocks 5 1,987,653 1,254,340
Debtors 6 461,429 1,208,330
Cash at bank and in hand 57,004 48,046
2,506,086 2,510,716
CREDITORS
Amounts falling due within one year 7 131,075 183,248
NET CURRENT ASSETS 2,375,011 2,327,468
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,423,623

2,382,590

CREDITORS
Amounts falling due after more than one
year

8

(804,091

)

(784,259

)

PROVISIONS FOR LIABILITIES 9 (4,046 ) (4,624 )
NET ASSETS 1,615,486 1,593,707

CAPITAL AND RESERVES
Called up share capital 100 100
Share premium (432,000 ) (432,000 )
Retained earnings 2,047,386 2,025,607
SHAREHOLDERS' FUNDS 1,615,486 1,593,707

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 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.

DEVAN HOMES LIMITED (REGISTERED NUMBER: 05452376)

BALANCE SHEET - continued
30 NOVEMBER 2023


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 30 November 2024 and were signed by:





D Patel - Director


DEVAN HOMES LIMITED (REGISTERED NUMBER: 05452376)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023


1. STATUTORY INFORMATION

Devan Homes 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.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 6 ) .

DEVAN HOMES LIMITED (REGISTERED NUMBER: 05452376)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 December 2022 57,607 42,712 100,319
Additions 1,319 750 2,069
At 30 November 2023 58,926 43,462 102,388
DEPRECIATION
At 1 December 2022 20,088 25,109 45,197
Charge for year 5,826 2,753 8,579
At 30 November 2023 25,914 27,862 53,776
NET BOOK VALUE
At 30 November 2023 33,012 15,600 48,612
At 30 November 2022 37,519 17,603 55,122

5. STOCKS
30.11.23 30.11.22
£    £   
Stocks 1,987,653 1,254,340

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 126,149 594,552
Other debtors 250,000 560,000
Prepayments 1,780 -
VAT 83,500 53,778
461,429 1,208,330

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 3,813 1,392
Trade creditors 42,855 118,725
Tax (5,431 ) -
Social security and other taxes 19,605 11,672
Net wages creditors - 3,676
Other creditors 3,855 -
Directors' current accounts 63,963 45,783
Accrued expenses 2,415 2,000
131,075 183,248

DEVAN HOMES LIMITED (REGISTERED NUMBER: 05452376)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Other loans - 2-5 years 804,091 784,259

9. PROVISIONS FOR LIABILITIES
30.11.23 30.11.22
£    £   
Deferred tax 4,046 4,624

Deferred
tax
£   
Balance at 1 December 2022 4,624
Provided during year (578 )
Balance at 30 November 2023 4,046

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are S2A Holdings Limited and Mrs Ramilaben Patel.