DEVELOPING LIVES SERVICES (2000) LIMITED

Company Registration Number:
09000116 (England and Wales)

Unaudited abridged accounts for the year ended 30 April 2023

Period of accounts

Start date: 01 May 2022

End date: 30 April 2023

DEVELOPING LIVES SERVICES (2000) LIMITED

Contents of the Financial Statements

for the Period Ended 30 April 2023

Balance sheet
Notes

DEVELOPING LIVES SERVICES (2000) LIMITED

Balance sheet

As at 30 April 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 21,475 11,384
Investments: 4 0 965,775
Total fixed assets: 21,475 977,159
Current assets
Debtors:   718,415 4,691
Cash at bank and in hand: 30,969 71,868
Total current assets: 749,384 76,559
Creditors: amounts falling due within one year:   (212,030) (132,181)
Net current assets (liabilities): 537,354 (55,622)
Total assets less current liabilities: 558,829 921,537
Creditors: amounts falling due after more than one year:   (205,540) (312,006)
Total net assets (liabilities): 353,289 609,531
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 353,189 609,431
Shareholders funds: 353,289 609,531

The notes form part of these financial statements

DEVELOPING LIVES SERVICES (2000) LIMITED

Balance sheet statements

For the year ending 30 April 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 29 April 2025
and signed on behalf of the board by:

Name: D Eikosipentarchos
Status: Director

The notes form part of these financial statements

DEVELOPING LIVES SERVICES (2000) LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

DEVELOPING LIVES SERVICES (2000) LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2023

2. Employees

2023 2022
Average number of employees during the period 49 36

DEVELOPING LIVES SERVICES (2000) LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2023

3. Tangible Assets

Total
Cost £
At 01 May 2022 47,703
Additions 20,662
At 30 April 2023 68,365
Depreciation
At 01 May 2022 36,319
Charge for year 10,571
At 30 April 2023 46,890
Net book value
At 30 April 2023 21,475
At 30 April 2022 11,384

DEVELOPING LIVES SERVICES (2000) LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2023

4. Fixed investments

Investments for future profit

DEVELOPING LIVES SERVICES (2000) LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2023

5. Changes in presentation and prior period adjustments

The company recently appointed a new set of accountants in February 2025 to assist with the preparation of these set of accounts. During the preparation of these set of accounts, the company was informed of a number of prior year amendments relating to transactions undertaken prior to 1 May 2022 (being the start of the accounting year of these financial statements). The following areas were identified with corrections incorporated in the current set of accounts: 1. HMRC PAYE payments recorded to the statement of financial position under corporation tax liability ledger for payments made before 1 May 2022 instead of to the profit and loss. 2. Intercompany transactions not reconciled with group set of companies and adjustment postings required to record intercompany rent charges not time entered into ledgers. Substantial corrections required. 3. Intercompany transaction corrections for postings on both ends of group companies to ensure the intercompany transactions are fully recorded. 4. Intercompany transactions mis-recorded to the directors loan account and corrected back to intercompany debtors / creditors control ledgers. 5. Correction postings to the Profit and loss of a sum of £ 300,000 relating to management charges paid to Mr D. Eikosipentarchos of which a sum of £ 210,000 was not recorded in the profit and loss for prior accounting periods covering a time scale from 1 January 2020 to 30 April 2022. The management charges were pursuant to a shareholder agreement dated 17 January 2018 between the ultimate shareholders of the parent company, Meyrick Holdings Ltd whereby Mr D. Eikosipentarchos would be remunerated a sum of £ 90,000 per annum upon a property development completion which completed circa January 2020. Due to the substantial corrections to the profit and loss, the company has recorded the management charges which are required to be recorded within the profit and loss of YE 30 April 2023. Due to the volume of corrections, it was not possible to restate opening balances and record transactions as a prior period restatement. Accordingly, the corrections recorded in these financial statements are entered in the current period which is the most practical restatement possible for the company to record the corrections for all the aforementioned areas. The number of corrections total over 100 lines of transactional data. All in all, the company discloses that it has departed from the requirements of FRS102 to disclose prior period corrections as a restatement under FRS 102 and refers to FRS102 para, 1AC.10 and paragraph 3.4 FRS102. In departing from the requirements of FRS102, the company under FRS102 paragraph 3.5 confirms that after incorporating the corrections in the current accounting period of YE 30 April 2023: (a)that management has concluded that the financial statements of YE 30 April 2023 including its statement of financial position control balances give a true and fair view of the entity’s financial position and financial performance (b)that it has complied with this FRS or applicable legislation, except that it has departed from a particular requirement of this FRS or applicable legislation to the extent necessary to give a true and fair view in regards to the aforementioned corrections; and (c)due to the number of corrections totaling over 100 lines of data, in its own nature required a departure from FRS102 and if FRS102 was applied, it would require multiple lines of correction data which would conflict with the objective of financial statements. In this way, for the aforementioned reasons, such departure has been necessary to ensure the objectivity of financial statements is maintained under FRS102 Section 2 Concepts and Pervasive Principles.