Company registration number SC518932 (Scotland)
ONE DEVANHA GARDENS LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024
PAGES FOR FILING WITH REGISTRAR
ONE DEVANHA GARDENS LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
ONE DEVANHA GARDENS LTD
BALANCE SHEET
AS AT 31 OCTOBER 2024
2024-10-31
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
6,031
5,697
Current assets
Debtors
4
41,011
33,569
Cash at bank and in hand
56,137
27,948
97,148
61,517
Creditors: amounts falling due within one year
5
(54,958)
(38,954)
Net current assets
42,190
22,563
Total assets less current liabilities
48,221
28,260
Creditors: amounts falling due after more than one year
6
(10,000)
(20,000)
Provisions for liabilities
(1,498)
(1,424)
Net assets
36,723
6,836
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
36,722
6,835
Total equity
36,723
6,836

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

ONE DEVANHA GARDENS LTD
BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 2024
31 October 2024
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 17 June 2025 and are signed on its behalf by:
MISS A A STEPHEN
Miss A A Stephen
Director
Company Registration No. SC518932
ONE DEVANHA GARDENS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024
- 3 -
1
Accounting policies
Company information

One Devanha Gardens Ltd is a private company limited by shares incorporated in Scotland. The registered office is 1 Devanha Gardens, Aberdeen, Scotland, AB11 7UU.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

1.2
Going concern

The directors, having made due and careful enquiry, is of the opinion that the company has adequate working capital to execute its operations over the next 12 months. The directors, therefore, have made an informed judgement, at the time of approving the financial statements, that there is a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.true

 

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

 

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Rental income

 

Revenue from rental income is recognised in the period which it relates to.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Office equipment
5 years straight-line
Motor vehicles
4 years straight-line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Cash at bank and in hand

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

ONE DEVANHA GARDENS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
1
Accounting policies
(Continued)
- 4 -
1.6
Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors. These are measured at amortised cost and are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of comprehensive income.

1.7
Taxation
The tax expense represents the tax currently payable.
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

1.8
Retirement benefits

The company operates a defined contribution plan for it's employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations. The contributions are recognised as an expense in the Statement of comprehensive income when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the company in independently administered funds.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
3
4
ONE DEVANHA GARDENS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
- 5 -
3
Tangible fixed assets
Office equipment
Motor vehicles
Total
£
£
£
Cost
At 1 November 2023
14,966
15,611
30,577
Additions
2,354
-
0
2,354
At 31 October 2024
17,320
15,611
32,931
Depreciation and impairment
At 1 November 2023
9,269
15,611
24,880
Depreciation charged in the year
2,020
-
0
2,020
At 31 October 2024
11,289
15,611
26,900
Carrying amount
At 31 October 2024
6,031
-
0
6,031
At 31 October 2023
5,697
-
0
5,697
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
40,892
30,440
Other debtors
119
3,129
41,011
33,569
5
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
10,000
10,000
Other borrowings
8,502
-
0
Trade creditors
2,208
1,991
Corporation tax
12,159
-
0
Other taxation and social security
1,606
1,320
Other creditors
613
10,098
Accruals and deferred income
19,870
15,545
54,958
38,954
ONE DEVANHA GARDENS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
- 6 -
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans
10,000
20,000
7
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2024
2023
£
£
Within one year
111,000
111,000
111,000
111,000
8
Related party transactions

During the year, the company made advances to the directors of £22,454 and received credits of £23,000 which resulted in amounts due from the company at the year end of £546 (2023 - £10,098 relating to previous director now resigned). The loan is unsecured and interest free with no fixed repayment terms in place.

 

2024-10-312023-11-01falsefalsefalse17 June 2025CCH SoftwareCCH Accounts Production 2025.100No description of principal activityMrs A F CoweMiss A A StephenSC5189322023-11-012024-10-31SC5189322024-10-31SC5189322023-10-31SC518932core:ComputerEquipment2024-10-31SC518932core:MotorVehicles2024-10-31SC518932core:ComputerEquipment2023-10-31SC518932core:MotorVehicles2023-10-31SC518932core:CurrentFinancialInstrumentscore:WithinOneYear2024-10-31SC518932core:CurrentFinancialInstrumentscore:WithinOneYear2023-10-31SC518932core:CurrentFinancialInstruments2024-10-31SC518932core:CurrentFinancialInstruments2023-10-31SC518932core:Non-currentFinancialInstruments2024-10-31SC518932core:Non-currentFinancialInstruments2023-10-31SC518932core:ShareCapital2024-10-31SC518932core:ShareCapital2023-10-31SC518932core:RetainedEarningsAccumulatedLosses2024-10-31SC518932core:RetainedEarningsAccumulatedLosses2023-10-31SC518932bus:Director22023-11-012024-10-31SC518932core:ComputerEquipment2023-11-012024-10-31SC518932core:MotorVehicles2023-11-012024-10-31SC5189322022-11-012023-10-31SC518932core:ComputerEquipment2023-10-31SC518932core:MotorVehicles2023-10-31SC5189322023-10-31SC518932core:WithinOneYear2024-10-31SC518932core:WithinOneYear2023-10-31SC518932bus:PrivateLimitedCompanyLtd2023-11-012024-10-31SC518932bus:SmallCompaniesRegimeForAccounts2023-11-012024-10-31SC518932bus:FRS1022023-11-012024-10-31SC518932bus:AuditExemptWithAccountantsReport2023-11-012024-10-31SC518932bus:Director12023-11-012024-10-31SC518932bus:FullAccounts2023-11-012024-10-31xbrli:purexbrli:sharesiso4217:GBP