2024-03-012025-02-282025-02-28false03932440THE DEVELOPMENT COMPANY LIMITED2025-03-25falseiso4217:GBPxbrli:pure039324402024-03-01039324402025-02-28039324402024-03-012025-02-28039324402023-03-01039324402024-02-29039324402023-03-012024-02-2903932440bus:SmallEntities2024-03-012025-02-2803932440bus:AuditExempt-NoAccountantsReport2024-03-012025-02-2803932440bus:FullAccounts2024-03-012025-02-2803932440bus:PrivateLimitedCompanyLtd2024-03-012025-02-2803932440core:WithinOneYear2025-02-2803932440core:AfterOneYear2025-02-2803932440core:WithinOneYear2024-02-2903932440core:AfterOneYear2024-02-2903932440core:ShareCapital2025-02-2803932440core:SharePremium2025-02-2803932440core:RevaluationReserve2025-02-2803932440core:OtherReservesSubtotal2025-02-2803932440core:RetainedEarningsAccumulatedLosses2025-02-2803932440core:ShareCapital2024-02-2903932440core:SharePremium2024-02-2903932440core:RevaluationReserve2024-02-2903932440core:OtherReservesSubtotal2024-02-2903932440core:RetainedEarningsAccumulatedLosses2024-02-2903932440core:LandBuildings2025-02-2803932440core:PlantMachinery2025-02-2803932440core:Vehicles2025-02-2803932440core:FurnitureFittings2025-02-2803932440core:OfficeEquipment2025-02-2803932440core:NetGoodwill2025-02-2803932440core:IntangibleAssetsOtherThanGoodwill2025-02-2803932440core:ListedExchangeTraded2025-02-2803932440core:UnlistedNon-exchangeTraded2025-02-2803932440core:LandBuildings2024-02-2903932440core:PlantMachinery2024-02-2903932440core:Vehicles2024-02-2903932440core:FurnitureFittings2024-02-2903932440core:OfficeEquipment2024-02-2903932440core:NetGoodwill2024-02-2903932440core:IntangibleAssetsOtherThanGoodwill2024-02-2903932440core:ListedExchangeTraded2024-02-2903932440core:UnlistedNon-exchangeTraded2024-02-2903932440core:LandBuildings2024-03-012025-02-2803932440core:PlantMachinery2024-03-012025-02-2803932440core:Vehicles2024-03-012025-02-2803932440core:FurnitureFittings2024-03-012025-02-2803932440core:OfficeEquipment2024-03-012025-02-2803932440core:NetGoodwill2024-03-012025-02-2803932440core:IntangibleAssetsOtherThanGoodwill2024-03-012025-02-2803932440core:ListedExchangeTraded2024-03-012025-02-2803932440core:UnlistedNon-exchangeTraded2024-03-012025-02-2803932440core:MoreThanFiveYears2024-03-012025-02-2803932440core:Non-currentFinancialInstruments2025-02-2803932440core:Non-currentFinancialInstruments2024-02-2903932440dpl:CostSales2024-03-012025-02-2803932440dpl:DistributionCosts2024-03-012025-02-2803932440core:LandBuildings2024-03-012025-02-2803932440core:PlantMachinery2024-03-012025-02-2803932440core:Vehicles2024-03-012025-02-2803932440core:FurnitureFittings2024-03-012025-02-2803932440core:OfficeEquipment2024-03-012025-02-2803932440dpl:AdministrativeExpenses2024-03-012025-02-2803932440core:NetGoodwill2024-03-012025-02-2803932440core:IntangibleAssetsOtherThanGoodwill2024-03-012025-02-2803932440dpl:GroupUndertakings2024-03-012025-02-2803932440dpl:ParticipatingInterests2024-03-012025-02-2803932440dpl:GroupUndertakingscore:ListedExchangeTraded2024-03-012025-02-2803932440core:ListedExchangeTraded2024-03-012025-02-2803932440dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2024-03-012025-02-2803932440core:UnlistedNon-exchangeTraded2024-03-012025-02-2803932440dpl:CostSales2023-03-012024-02-2903932440dpl:DistributionCosts2023-03-012024-02-2903932440core:LandBuildings2023-03-012024-02-2903932440core:PlantMachinery2023-03-012024-02-2903932440core:Vehicles2023-03-012024-02-2903932440core:FurnitureFittings2023-03-012024-02-2903932440core:OfficeEquipment2023-03-012024-02-2903932440dpl:AdministrativeExpenses2023-03-012024-02-2903932440core:NetGoodwill2023-03-012024-02-2903932440core:IntangibleAssetsOtherThanGoodwill2023-03-012024-02-2903932440dpl:GroupUndertakings2023-03-012024-02-2903932440dpl:ParticipatingInterests2023-03-012024-02-2903932440dpl:GroupUndertakingscore:ListedExchangeTraded2023-03-012024-02-2903932440core:ListedExchangeTraded2023-03-012024-02-2903932440dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-03-012024-02-2903932440core:UnlistedNon-exchangeTraded2023-03-012024-02-2903932440core:NetGoodwill2025-02-2803932440core:IntangibleAssetsOtherThanGoodwill2025-02-2803932440core:LandBuildings2025-02-2803932440core:PlantMachinery2025-02-2803932440core:Vehicles2025-02-2803932440core:FurnitureFittings2025-02-2803932440core:OfficeEquipment2025-02-2803932440core:AfterOneYear2025-02-2803932440core:WithinOneYear2025-02-2803932440core:ListedExchangeTraded2025-02-2803932440core:UnlistedNon-exchangeTraded2025-02-2803932440core:ShareCapital2025-02-2803932440core:SharePremium2025-02-2803932440core:RevaluationReserve2025-02-2803932440core:OtherReservesSubtotal2025-02-2803932440core:RetainedEarningsAccumulatedLosses2025-02-2803932440core:NetGoodwill2024-02-2903932440core:IntangibleAssetsOtherThanGoodwill2024-02-2903932440core:LandBuildings2024-02-2903932440core:PlantMachinery2024-02-2903932440core:Vehicles2024-02-2903932440core:FurnitureFittings2024-02-2903932440core:OfficeEquipment2024-02-2903932440core:AfterOneYear2024-02-2903932440core:WithinOneYear2024-02-2903932440core:ListedExchangeTraded2024-02-2903932440core:UnlistedNon-exchangeTraded2024-02-2903932440core:ShareCapital2024-02-2903932440core:SharePremium2024-02-2903932440core:RevaluationReserve2024-02-2903932440core:OtherReservesSubtotal2024-02-2903932440core:RetainedEarningsAccumulatedLosses2024-02-2903932440core:NetGoodwill2023-03-0103932440core:IntangibleAssetsOtherThanGoodwill2023-03-0103932440core:LandBuildings2023-03-0103932440core:PlantMachinery2023-03-0103932440core:Vehicles2023-03-0103932440core:FurnitureFittings2023-03-0103932440core:OfficeEquipment2023-03-0103932440core:AfterOneYear2023-03-0103932440core:WithinOneYear2023-03-0103932440core:ListedExchangeTraded2023-03-0103932440core:UnlistedNon-exchangeTraded2023-03-0103932440core:ShareCapital2023-03-0103932440core:SharePremium2023-03-0103932440core:RevaluationReserve2023-03-0103932440core:OtherReservesSubtotal2023-03-0103932440core:RetainedEarningsAccumulatedLosses2023-03-0103932440core:AfterOneYear2024-03-012025-02-2803932440core:WithinOneYear2024-03-012025-02-2803932440core:Non-currentFinancialInstrumentscore:CostValuation2024-03-012025-02-2803932440core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2024-03-012025-02-2803932440core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2024-03-012025-02-2803932440core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2024-03-012025-02-2803932440core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-03-012025-02-2803932440core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2024-03-012025-02-2803932440core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2024-03-012025-02-2803932440core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2024-03-012025-02-2803932440core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2024-03-012025-02-2803932440core:Non-currentFinancialInstrumentscore:CostValuation2025-02-2803932440core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2025-02-2803932440core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2025-02-2803932440core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2025-02-2803932440core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2025-02-2803932440core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2025-02-2803932440core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2025-02-2803932440core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2025-02-2803932440core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2025-02-2803932440core:Non-currentFinancialInstrumentscore:CostValuation2024-02-2903932440core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2024-02-2903932440core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2024-02-2903932440core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2024-02-2903932440core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-02-2903932440core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2024-02-2903932440core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2024-02-2903932440core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2024-02-2903932440core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2024-02-2903932440bus:Director12024-03-012025-02-2803932440bus:Director22024-03-012025-02-2803932440core:FurnitureFittingsToolsEquipment2024-02-2903932440core:FurnitureFittingsToolsEquipment2024-03-012025-02-2803932440core:FurnitureFittingsToolsEquipment2025-02-28

THE DEVELOPMENT COMPANY LIMITED

Registered Number
03932440
(England and Wales)

Unaudited Financial Statements for the Year ended
28 February 2025

THE DEVELOPMENT COMPANY LIMITED
Company Information
for the year from 1 March 2024 to 28 February 2025

Directors

GREEN, Adrian Richard
PLANT, Louise

Registered Address

133 Main Road
Wilby
Wellingborough
NN8 2UB

Registered Number

03932440 (England and Wales)
THE DEVELOPMENT COMPANY LIMITED
Balance Sheet as at
28 February 2025

Notes

2025

2024

£

£

£

£

Fixed assets
Tangible assets31,9371,992
1,9371,992
Current assets
Debtors49,3493,080
Cash at bank and on hand42,27516,657
51,62419,737
Creditors amounts falling due within one year5(34,590)(24,175)
Net current assets (liabilities)17,034(4,438)
Total assets less current liabilities18,971(2,446)
Provisions for liabilities6(86)(96)
Net assets18,885(2,542)
Capital and reserves
Called up share capital22
Profit and loss account18,883(2,544)
Shareholders' funds18,885(2,542)
The financial statements were approved and authorised for issue by the Board of Directors on 25 March 2025, and are signed on its behalf by:
GREEN, Adrian Richard
Director
Registered Company No. 03932440
THE DEVELOPMENT COMPANY LIMITED
Notes to the Financial Statements
for the year ended 28 February 2025

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Deferred tax
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.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
2.Average number of employees

20252024
Average number of employees during the year11
3.Tangible fixed assets

Fixtures & fittings

Office Equipment

Total

£££
Cost or valuation
At 01 March 248,9861,67310,659
Additions-416416
At 28 February 258,9862,08911,075
Depreciation and impairment
At 01 March 247,8618068,667
Charge for year-471471
At 28 February 257,8611,2779,138
Net book value
At 28 February 251,1258121,937
At 29 February 241,1258671,992
4.Debtors: amounts due within one year

2025

2024

££
Trade debtors / trade receivables8,4052,473
Prepayments and accrued income944607
Total9,3493,080
5.Creditors: amounts due within one year

2025

2024

££
Taxation and social security6,874726
Other creditors22,66121,849
Accrued liabilities and deferred income5,0551,600
Total34,59024,175
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
6.Provisions for liabilities

2025

2024

££
Net deferred tax liability (asset)8696
Total8696