DEVELOPMENT RESEARCH LTD

Company Registration Number:
13587773 (England and Wales)

Unaudited abridged accounts for the year ended 31 August 2024

Period of accounts

Start date: 01 September 2023

End date: 31 August 2024

DEVELOPMENT RESEARCH LTD

Contents of the Financial Statements

for the Period Ended 31 August 2024

Balance sheet
Notes

DEVELOPMENT RESEARCH LTD

Balance sheet

As at 31 August 2024


Notes

2024

2023


£

£
Called up share capital not paid: 1 1
Fixed assets
Intangible assets: 3 3,082,884 1,217,747
Tangible assets: 4 6,028,847 4,319,744
Investments: 5 408,488 193,783
Total fixed assets: 9,520,219 5,731,274
Current assets
Stocks: 3,081,883 1,297,737
Debtors:   3,018,838 2,108,499
Cash at bank and in hand: 1,739,839 1,073,893
Investments:   1,073,992 715,639
Total current assets: 8,914,552 5,195,768
Creditors: amounts falling due within one year: 6 (208,413) (310,784)
Net current assets (liabilities): 8,706,139 4,884,984
Total assets less current liabilities: 18,226,359 10,616,259
Creditors: amounts falling due after more than one year:   (178,388) (107,388)
Provision for liabilities: (30,884) (59,277)
Total net assets (liabilities): 18,017,087 10,449,594
Capital and reserves
Called up share capital: 1 1
Share premium account: 16,484,936 9,592,236
Revaluation reserve:7837,848491,784
Other reserves: 640,278 291,874
Profit and loss account: 54,024 73,699
Shareholders funds: 18,017,087 10,449,594

The notes form part of these financial statements

DEVELOPMENT RESEARCH LTD

Balance sheet statements

For the year ending 31 August 2024 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 22 May 2025
and signed on behalf of the board by:

Name: KOCH, Benedikt
Status: Director

The notes form part of these financial statements

DEVELOPMENT RESEARCH LTD

Notes to the Financial Statements

for the Period Ended 31 August 2024

1. Accounting policies

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

DEVELOPMENT RESEARCH LTD

Notes to the Financial Statements

for the Period Ended 31 August 2024

2. Employees

2024 2023
Average number of employees during the period 13 13

DEVELOPMENT RESEARCH LTD

Notes to the Financial Statements

for the Period Ended 31 August 2024

3. Intangible Assets

Total
Cost £
At 01 September 2023 1,217,747
Additions 1,865,137
Disposals (187,379)
Revaluations 47,827
Transfers 139,552
At 31 August 2024 3,082,884
Net book value
At 31 August 2024 3,082,884
At 31 August 2023 1,217,747

DEVELOPMENT RESEARCH LTD

Notes to the Financial Statements

for the Period Ended 31 August 2024

4. Tangible Assets

Total
Cost £
At 01 September 2023 4,319,744
Additions 1,709,103
Disposals (847,842)
Revaluations 82,884
Transfers 764,958
At 31 August 2024 6,028,847
Net book value
At 31 August 2024 6,028,847
At 31 August 2023 4,319,744

DEVELOPMENT RESEARCH LTD

Notes to the Financial Statements

for the Period Ended 31 August 2024

5. Fixed investments

Lion Trust £98,600, 5-year corporate bond. 4% Annual interest rate on August Ist, 2024. Invesco £38,727 7-year corporate bond. 3.2% annual interest rate on 13 September 2024

DEVELOPMENT RESEARCH LTD

Notes to the Financial Statements

for the Period Ended 31 August 2024

6. Creditors: amounts falling due within one year note

CAPITAL ONE - £65,038.14

DEVELOPMENT RESEARCH LTD

Notes to the Financial Statements

for the Period Ended 31 August 2024

7. Revaluation reserve

2024
£
Balance at 01 September 2023 491,784
Surplus or deficit after revaluation 346,064
Balance at 31 August 2024 837,848

DEVELOPMENT RESEARCH LTD

Notes to the Financial Statements

for the Period Ended 31 August 2024

8. Related party transactions

Alzayani Pt Group Llc trading Uk Stock exchange List of particulars within full accounts.