Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-302023-05-01falseNo description of principal activity22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false SC266204 2023-05-01 2024-04-30 SC266204 2022-05-01 2023-04-30 SC266204 2024-04-30 SC266204 2023-04-30 SC266204 c:CompanySecretary1 2023-05-01 2024-04-30 SC266204 c:Director1 2023-05-01 2024-04-30 SC266204 c:Director2 2023-05-01 2024-04-30 SC266204 c:RegisteredOffice 2023-05-01 2024-04-30 SC266204 d:PlantMachinery 2023-05-01 2024-04-30 SC266204 d:PlantMachinery 2024-04-30 SC266204 d:PlantMachinery 2023-04-30 SC266204 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 SC266204 d:FreeholdInvestmentProperty 2024-04-30 SC266204 d:FreeholdInvestmentProperty 2023-04-30 SC266204 d:CurrentFinancialInstruments 2024-04-30 SC266204 d:CurrentFinancialInstruments 2023-04-30 SC266204 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 SC266204 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 SC266204 d:ShareCapital 2024-04-30 SC266204 d:ShareCapital 2023-04-30 SC266204 d:RevaluationReserve 2024-04-30 SC266204 d:RevaluationReserve 2023-04-30 SC266204 d:RetainedEarningsAccumulatedLosses 2024-04-30 SC266204 d:RetainedEarningsAccumulatedLosses 2023-04-30 SC266204 c:OrdinaryShareClass1 2023-05-01 2024-04-30 SC266204 c:OrdinaryShareClass1 2024-04-30 SC266204 c:OrdinaryShareClass1 2023-04-30 SC266204 c:FRS102 2023-05-01 2024-04-30 SC266204 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 SC266204 c:FullAccounts 2023-05-01 2024-04-30 SC266204 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 SC266204 2 2023-05-01 2024-04-30 SC266204 e:PoundSterling 2023-05-01 2024-04-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC266204










DEVLIN PROPERTIES LIMITED
 FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

 
DEVLIN PROPERTIES LIMITED
 

COMPANY INFORMATION


Directors
Mr M Devlin 
Mrs T Devlin 




Company secretary
Mr M Devlin



Registered number
SC266204



Registered office
514 Perth Road

Dundee

DD2 1LW




Accountants
EQ Accountants Limited
Chartered Accountants

14 City Quay

Dundee

DD1 3JA





 
DEVLIN PROPERTIES LIMITED
REGISTERED NUMBER: SC266204

STATEMENT OF FINANCIAL POSITION
AS AT 30 APRIL 2024

2024
2023
£
£

Fixed assets
  

Tangible assets
 3 
2,355
2,944

Investment property
 4 
5,785,000
5,785,000

  
5,787,355
5,787,944

Current assets
  

Debtors
  
4,496
3,770

Cash at bank and in hand
  
154,738
263,574

  
159,234
267,344

Creditors: amounts falling due within one year
 5 
(638,695)
(947,951)

Net current liabilities
  
 
 
(479,461)
 
 
(680,607)

Total assets less current liabilities
  
5,307,894
5,107,337

Provisions for liabilities
  

Deferred Tax
  
(129,423)
(129,570)

  
 
 
(129,423)
 
 
(129,570)

Net assets
  
5,178,471
4,977,767


Capital and reserves
  

Called up share capital 
 6 
1
1

Revaluation reserve
  
1,290,631
1,290,631

Profit and loss account
  
3,887,839
3,687,135

  
5,178,471
4,977,767


Page 1

 
DEVLIN PROPERTIES LIMITED
REGISTERED NUMBER: SC266204

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 APRIL 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 30 January 2025.




Mrs T Devlin
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
DEVLIN PROPERTIES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

Devlin Properties Limited is a private company, limited by shares, domiciled in Scotland with the registration number SC266204. The registered office is 514 Perth Road, Dundee, DD2 1LW. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

The Company's turnover is from rents and other income receivable from the letting of investment properties within the accounting period stated.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


Page 3

 
DEVLIN PROPERTIES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and Machinery
-
20%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Tangible fixed assets





Plant and Machinery

£



Cost or valuation


At 1 May 2023
5,750



At 30 April 2024

5,750



Depreciation


At 1 May 2023
2,806


Charge for the year on owned assets
589



At 30 April 2024

3,395



Net book value



At 30 April 2024
2,355



At 30 April 2023
2,944

Page 4

 
DEVLIN PROPERTIES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

4.


Investment property


Freehold investment property

£



Valuation


At 1 May 2023
5,785,000



At 30 April 2024
5,785,000

The 2024 valuations were made by the directors, on an open market value for existing use basis.





5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other creditors
632,961
943,177

Accruals and deferred income
5,734
4,774

638,695
947,951


Page 5

 
DEVLIN PROPERTIES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

6.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



2 (2023 - 2) Ordinary shares of £0.50 each
1
1



7.Directors' personal guarantees

The directors, Mr Devlin and Mrs Devlin, have provided a personal guarantee of £130,000.


Page 6