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Registered number: 13219298









DVJ DEVELOPMENT COMPANY LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 28 FEBRUARY 2025

 
DVJ DEVELOPMENT COMPANY LTD
REGISTERED NUMBER: 13219298

STATEMENT OF FINANCIAL POSITION
AS AT 28 FEBRUARY 2025

28 February
29 February
2025
2024
Note
£
£

Fixed assets
  

Investment property
 4 
9,198,821
9,198,821

  
9,198,821
9,198,821

Current assets
  

Debtors: amounts falling due within one year
 5 
24,668
36,944

Cash at bank and in hand
 6 
97,641
68,181

  
122,309
105,125

Creditors: amounts falling due within one year
 7 
(1,736,903)
(1,487,204)

Net current liabilities
  
 
 
(1,614,594)
 
 
(1,382,079)

Total assets less current liabilities
  
7,584,227
7,816,742

Creditors: amounts falling due after more than one year
 8 
(7,123,902)
(7,501,078)

  

Net assets
  
460,325
315,664


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
460,225
315,564

  
460,325
315,664


Page 1

 
DVJ DEVELOPMENT COMPANY LTD
REGISTERED NUMBER: 13219298
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 28 FEBRUARY 2025

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




D V Juneja
Director

Date: 28 August 2025

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
DVJ DEVELOPMENT COMPANY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

1.


General information

DVJ Development Company Limited is a private company limited by shares and incorporated in England and Wales (registered number 13219298). The registered office address is 22 Goodlass Road, Speke, Liverpool, United Kingdom, L24 9HJ.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.4

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 3

 
DVJ DEVELOPMENT COMPANY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

2.Accounting policies (continued)

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2024 - 2).


4.


Investment property





Freehold investment property

£



Valuation


At 1 March 2024
9,198,821



At 28 February 2025
9,198,821

The 2025 valuations were made by the directors, on an open market value for existing use basis.





If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

28 February
29 February
2025
2024
£
£


Historic cost
9,187,621
9,187,621

9,187,621
9,187,621

Page 4

 
DVJ DEVELOPMENT COMPANY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

5.


Debtors

28 February
29 February
2025
2024
£
£


Prepayments and accrued income
24,668
36,944

24,668
36,944



6.


Cash and cash equivalents

28 February
29 February
2025
2024
£
£

Cash at bank and in hand
97,641
68,181

97,641
68,181



7.


Creditors: Amounts falling due within one year

28 February
29 February
2025
2024
£
£

Bank loans
327,565
277,953

Amounts owed to associates
100,000
-

Other taxation and social security
22,600
22,600

Other creditors
1,283,738
1,183,651

Accruals and deferred income
3,000
3,000

1,736,903
1,487,204



8.


Creditors: Amounts falling due after more than one year

28 February
29 February
2025
2024
£
£

Bank loans
7,123,902
7,501,078

7,123,902
7,501,078


 
Page 5