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REGISTERED NUMBER: 12524744 (England and Wales)










Unaudited Financial Statements

for the Period 1 April 2024 to 31 December 2024

for

Devitt Family Holdings Ltd

Devitt Family Holdings Ltd (Registered number: 12524744)






Contents of the Financial Statements
for the Period 1 April 2024 to 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Devitt Family Holdings Ltd

Company Information
for the Period 1 April 2024 to 31 December 2024







DIRECTORS: M R Devitt
J S Devitt





REGISTERED OFFICE: Unit 15 The Enterprise Centre
Coxbridge Business Park Alton Road
Farnham
GU10 5EH





REGISTERED NUMBER: 12524744 (England and Wales)





ACCOUNTANTS: Gilroy & Brookes Accountants Limited
Suite 15
The Enterprise Centre
Coxbridge Business Park
Farnham
Surrey
GU10 5EH

Devitt Family Holdings Ltd (Registered number: 12524744)

Balance Sheet
31 December 2024

2024 2024
Notes £    £   
FIXED ASSETS
Tangible assets 4 - 311,465

CURRENT ASSETS
Debtors 5 - 171
Cash at bank 7,802 6,420
7,802 6,591
CREDITORS
Amounts falling due within one year 6 (8,725 ) (149,511 )
NET CURRENT LIABILITIES (923 ) (142,920 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(923

)

168,545

CREDITORS
Amounts falling due after more than one year 7 - (147,000 )
NET (LIABILITIES)/ASSETS (923 ) 21,545

CAPITAL AND RESERVES
Called up share capital 8 10 10
Retained earnings (933 ) 21,535
SHAREHOLDERS' FUNDS (923 ) 21,545

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Devitt Family Holdings Ltd (Registered number: 12524744)

Balance Sheet - continued
31 December 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 Board of Directors and authorised for issue on 20 January 2025 and were signed on its behalf by:





M R Devitt - Director


Devitt Family Holdings Ltd (Registered number: 12524744)

Notes to the Financial Statements
for the Period 1 April 2024 to 31 December 2024

1. STATUTORY INFORMATION

Devitt Family Holdings Ltd 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 as modified by the revaluation of certain assets.

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.
Furniture & Fixtures - 25% on reducing balance

TAXATION
Taxation for the period 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 asset is not recognised as it is not 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 period was NIL (2024 - NIL).

Devitt Family Holdings Ltd (Registered number: 12524744)

Notes to the Financial Statements - continued
for the Period 1 April 2024 to 31 December 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 April 2024 308,819 6,271 315,090
Disposals (308,819 ) (6,271 ) (315,090 )
At 31 December 2024 - - -
DEPRECIATION
At 1 April 2024 - 3,625 3,625
Charge for period - 496 496
Eliminated on disposal - (4,121 ) (4,121 )
At 31 December 2024 - - -
NET BOOK VALUE
At 31 December 2024 - - -
At 31 March 2024 308,819 2,646 311,465

Cost or valuation at 31 December 2024 is represented by:

Land and
buildings
£   
Valuation in 2024 20,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2024
£    £   
Prepayments and accrued income - 171

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2024
£    £   
Tax 42 2
Directors' loan accounts 8,092 148,936
Accruals and deferred income 591 573
8,725 149,511

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2024
£    £   
Mortgage loan - 147,000

Devitt Family Holdings Ltd (Registered number: 12524744)

Notes to the Financial Statements - continued
for the Period 1 April 2024 to 31 December 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2024 2024
£    £   
Amounts falling due in more than five years:

Repayable otherwise than by instalments
Mortgage loan - 147,000

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2024
value: £    £   
100 Ordinary £0.1 10 10

9. ULTIMATE CONTROLLING PARTY

The company was under the control of J S Devitt & M R Devitt throughout the current year, who are the director and majority shareholder.