Registered number
06231063
DEVERE PROPERTIES LONDON LIMITED
Filleted Accounts
30 April 2024
DEVERE PROPERTIES LONDON LIMITED
Registered number: 06231063
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 383,528 383,528
Current assets
Cash at bank and in hand 59,114 45,753
Creditors: amounts falling due within one year 4 (92,706) (96,062)
Net current liabilities (33,592) (50,309)
Total assets less current liabilities 349,936 333,219
Creditors: amounts falling due after more than one year 5 (99,242) (109,208)
Net assets 250,694 224,011
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 249,694 223,011
Shareholder's funds 250,694 224,011
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
Paul Alexandrou
Director
Approved by the board on 22 January 2025
DEVERE PROPERTIES LONDON LIMITED
Notes to the Accounts
for the year ended 30 April 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
Income represents rents received during the year.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings None
Fixtures, fittings, tools and equipment over 5 years
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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. 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. 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 land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 May 2023 383,528 1,602 385,130
At 30 April 2024 383,528 1,602 385,130
Depreciation
At 1 May 2023 - 1,602 1,602
At 30 April 2024 - 1,602 1,602
Net book value
At 30 April 2024 383,528 - 383,528
At 30 April 2023 383,528 - 383,528
4 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 17,055 17,055
Taxation and social security costs 11,996 15,587
Other creditors 63,655 63,420
92,706 96,062
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 99,242 109,208
6 Controlling party
The company was in both the current and preceding accounting periods under the ultimate control of its director by virtue of his ownership of the company’s entire issued share capital.
7 Other information
DEVERE PROPERTIES LONDON LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
175 High Street
Barnet
Hertfordshire
EN5 5SU
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