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REGISTERED NUMBER: 07337330 (England and Wales)















Audited Financial Statements for the Year Ended 31st December 2024

for

The Development Initiative (Europe) Ltd

The Development Initiative (Europe) Ltd (Registered number: 07337330)

Contents of the Financial Statements
for the year ended 31st December 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


The Development Initiative (Europe) Ltd

Company Information
for the year ended 31st December 2024







DIRECTORS: S M Castree
H W Morris





REGISTERED OFFICE: 1-3 Manor Road
Chatham
Kent
ME4 6AE





REGISTERED NUMBER: 07337330 (England and Wales)





AUDITORS: Beak Kemmenoe
Chartered Accountants
& Statutory Auditors
1-3 Manor Road
Chatham
Kent
ME4 6AE

The Development Initiative (Europe) Ltd (Registered number: 07337330)

Balance Sheet
31st December 2024

2024 2023
Notes $    $   
CURRENT ASSETS
Debtors 4 148,783 103,962
Cash at bank and in hand 78,291 140,939
227,074 244,901
CREDITORS
Amounts falling due within one year 5 60,782 87,250
NET CURRENT ASSETS 166,292 157,651
TOTAL ASSETS LESS CURRENT
LIABILITIES

166,292

157,651

CAPITAL AND RESERVES
Called up share capital 6 166 166
Retained earnings 7 166,126 157,485
SHAREHOLDERS' FUNDS 166,292 157,651

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 22nd April 2025 and were signed on its behalf by:





S M Castree - Director


The Development Initiative (Europe) Ltd (Registered number: 07337330)

Notes to the Financial Statements
for the year ended 31st December 2024


1. STATUTORY INFORMATION

The Development Initiative (Europe) 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.

Taxation
Taxation for the year 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 is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Reporting currency
The company reports its results in US $.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
$    $   
Deferred tax asset
Withholding tax 148,783 103,962
148,783 103,962

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
$    $   
Other creditors and accruals 60,782 87,250

The Development Initiative (Europe) Ltd (Registered number: 07337330)

Notes to the Financial Statements - continued
for the year ended 31st December 2024


6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: $    $   
100 Ordinary £1 166 166

7. RESERVES
Retained
earnings
$   

At 1st January 2024 157,485
Profit for the year 8,641
At 31st December 2024 166,126

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Ronald Price FCA (Senior Statutory Auditor)
for and on behalf of Beak Kemmenoe

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is understood to be New Constellis Holdings Inc, a company registered in the USA.