Registration number: 15326140

Vincent Developments (Devon) Ltd

(Registration number: 15326140)
Statement of Financial Position as at 31 December 2024

	Note	2024 £
Fixed assets
Tangible assets	3	1,612
Current assets
Debtors	4	2
Creditors: Amounts falling due within one year	5	(1,612)
Net current liabilities		(1,610)
Net assets		2
Capital and reserves
Called up share capital		2
Shareholders' funds		2

For the financial period ending 31 December 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Statement of Comprehensive Income.

Approved and authorised by the Board on 2 September 2025 and signed on its behalf by:
 

......................................... Mrs T Vincent Director

......................................... Mr P A Vincent Director

Vincent Developments (Devon) Ltd

Notes to the Unaudited Financial Statements for the Period from 4 December 2023 to 31 December 2024

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Stanhope House
9-10 Fore Street
Holsworthy
Devon
EX22 6DT

The principal place of business is:
Lower Threave
North Street
Braunton
Devon
EX33 1AJ

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling which is the functional currency of the entity.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Land and buildings	Nil

Vincent Developments (Devon) Ltd

Notes to the Unaudited Financial Statements for the Period from 4 December 2023 to 31 December 2024 (continued)

2	Accounting policies (continued)

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Tangible assets

	Land and buildings £	Total £
Cost or valuation
Additions	1,612	1,612
At 31 December 2024	1,612	1,612
Depreciation
Carrying amount
At 31 December 2024	1,612	1,612

Included within the net book value of land and buildings above is £1,612 in respect of freehold land and buildings.
 

Vincent Developments (Devon) Ltd

Notes to the Unaudited Financial Statements for the Period from 4 December 2023 to 31 December 2024 (continued)

4

Debtors

Current	2024 £
Other debtors	2
	2

5

Creditors

	Note	2024 £
Due within one year
Amounts due to related parties		1,612

6

Reserves

Profit and loss account

This reserve records retained earnings and accumulated losses.