Company registration number 04153741 (England and Wales)
SPEEDWELL (DEVIZES) LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
SPEEDWELL (DEVIZES) LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
SPEEDWELL (DEVIZES) LIMITED
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Investment property
3
825,000
825,000
Current assets
Debtors
4
-
0
19,500
Cash at bank and in hand
71,058
33,789
71,058
53,289
Creditors: amounts falling due within one year
5
(18,441)
(17,685)
Net current assets
52,617
35,604
Net assets
877,617
860,604
Capital and reserves
Called up share capital
612,000
612,000
Non-distributable profits reserve
6
213,014
213,014
Distributable profit and loss reserves
52,603
35,590
Total equity
877,617
860,604

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and with FRS 102 Section 1A.

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

The financial statements were approved by the board of directors and authorised for issue on 22 August 2025 and are signed on its behalf by:
Mrs J Perrett
Director
Company registration number 04153741 (England and Wales)
SPEEDWELL (DEVIZES) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 2 -
1
Accounting policies
Company information

Speedwell (Devizes) Limited is a private company limited by shares incorporated in England and Wales. The registered office is Yew Tree Cottage, 127 Poulshot Road, Poulshot, Devizes, Wiltshire, SN10 1RZ.

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 £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of investment properties. The principal accounting policies adopted are set out below.

1.2
Going concern

Atruet the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover
Turnover represents amounts receivable for rentals, stated net of VAT.
1.4
Investment properties

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

1.5
Taxation

The tax expense represents the sum of 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.

2
Employees

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

2025
2024
Number
Number
Total
4
5
SPEEDWELL (DEVIZES) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
3
Investment property
2025
£
Fair value
At 1 April 2024 and 31 March 2025
825,000

The freehold investment property is shown at its fair value, this being the directors' assessment of the fair value of the property based upon rent yield.

4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
-
0
19,500
5
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
-
0
3,844
Taxation and social security
16,087
10,585
Other creditors
2,354
3,256
18,441
17,685
6
Non-distributable profits reserve
2025
2024
£
£
At the beginning of the year
213,014
-
0
Non distributable profits in the year
-
213,014
At the end of the year
213,014
213,014
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