Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-30false2023-05-01No description of principal activity11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 04204153 2023-05-01 2024-04-30 04204153 2022-05-01 2023-04-30 04204153 2024-04-30 04204153 2023-04-30 04204153 c:Director2 2023-05-01 2024-04-30 04204153 d:CurrentFinancialInstruments 2024-04-30 04204153 d:CurrentFinancialInstruments 2023-04-30 04204153 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 04204153 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 04204153 d:ShareCapital 2024-04-30 04204153 d:ShareCapital 2023-04-30 04204153 d:RetainedEarningsAccumulatedLosses 2024-04-30 04204153 d:RetainedEarningsAccumulatedLosses 2023-04-30 04204153 c:OrdinaryShareClass1 2023-05-01 2024-04-30 04204153 c:OrdinaryShareClass1 2024-04-30 04204153 c:OrdinaryShareClass1 2023-04-30 04204153 c:FRS102 2023-05-01 2024-04-30 04204153 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 04204153 c:FullAccounts 2023-05-01 2024-04-30 04204153 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 04204153 6 2023-05-01 2024-04-30 04204153 e:PoundSterling 2023-05-01 2024-04-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 04204153






DEVIHILL LIMITED




UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 30 APRIL 2024










 
DEVIHILL LIMITED
REGISTERED NUMBER: 04204153

BALANCE SHEET
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
12,950
100

  
12,950
100

Current assets
  

Stocks
 5 
1,409,276
728,377

Debtors: amounts falling due within one year
 6 
2,148,068
-

Cash at bank and in hand
  
2,698,530
5,462,018

Current liablities
  
6,255,874
6,190,395

Creditors: amounts falling due within one year
 7 
(5,404,061)
(5,358,212)

Net current assets
  
 
 
851,813
 
 
832,183

Total assets less current liabilities
  
864,763
832,283

  

Net assets
  
864,763
832,283


Capital and reserves
  

Called up share capital 
 8 
2
2

Profit and loss account
  
864,761
832,281

  
864,763
832,283


The director considers 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 director acknowledges his 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 comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.
 
Page 1

 
DEVIHILL LIMITED
REGISTERED NUMBER: 04204153

BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2024


The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 



R Gwyn-Jones
Director
Date: 13 March 2025

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
DEVIHILL LIMITED
 

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

1.


General information

Devihill Limited is a private company limited by shares and incorporated in England and Wales. The registered office is Greenham Business Park, 2 Communications Road, Newbury, Berkshire, RG19 6AB.

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

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable for rent due during the year, excluding discounts, rebates, value added tax and other sales taxes.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Taxation

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 balance sheet date in the countries where the Company operates and generates income.


 
2.5

Valuation of investments

Interests in unlisted investments are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in the profit and loss account.
A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.
An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.
Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

Page 3

 
DEVIHILL LIMITED
 

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

2.Accounting policies (continued)

 
2.6

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.10

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.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).


4.


Fixed asset investments





Unlisted investments
Other fixed asset investments
Total

£
£
£



Cost or valuation


At 1 May 2023
100
-
100


Additions
-
12,850
12,850



At 30 April 2024
100
12,850
12,950




Page 4

 
DEVIHILL LIMITED
 

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

5.


Stocks

2024
2023
£
£

Work in progress
1,409,276
728,377



6.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
2,141,271
-

Other debtors
4,179
-

Prepayments and accrued income
2,618
-

2,148,068
-



7.


Creditors: amounts falling due within one year

2024
2023
£
£

Corporation tax
28,719
2,913

Other creditors
5,356,186
5,350,837

Accruals and deferred income
19,156
4,462

5,404,061
5,358,212



8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



2 (2023 - 2) Ordinary shares of £1.00 each
2
2



9.


Related party transactions

The director is the 100% shareholder in Hamstead Park Farm Estate Ltd. At the balance sheet date Hamstead Park Farm Estate Ltd was owed £4,961,260 (2023: 5,001,260) on an interest free loan with no set repayment date.
The director is the 100% shareholder in Tourmalet Holdings Ltd. At the balance sheet date Tourmalet Holdings Ltd owed £2,141,270 (2023: nil) on an interest free loan with no set repayment date.
At the year end amounts payable to the director of the company were £62,341 (2023: £16,980 owed to the director).


Page 5