REGISTERED NUMBER: 09991132 (England and Wales)

Unaudited Financial Statements

for the Period 1 April 2024 to 31 December 2024

for

Deva Risk Group Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

Directors:

Peter John Goddard

Simon William Bradburn Read

Gary William Fennah

Minority Venture Partners 11 Limited

Christopher David Gomm

Registered office:

Third Floor

Liverpool House

Lower Bridge Street

Chester

CH1 1RS

Registered number:

09991132 (England and Wales)

Accountants:

Ellis & Co

Chartered Accountants

114-120 Northgate Street

Chester

CH1 2HT

Fixed assets

Investments

4

2,332,745

1,698,548

Current assets

Cash at bank

52

52

Creditors

Amounts falling due within one year

5

1,810,945

1,167,346

Net current liabilities

(1,810,893

)

(1,167,294

)

Total assets less current liabilities

521,852

531,254

Capital and reserves

Called up share capital

6

110

110

Share premium

529,875

529,875

Retained earnings

(8,133

)

1,269

Shareholders' funds

521,852

531,254

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 September 2025 and were signed on its behalf by:

Simon William Bradburn Read - Director

1.	Statutory information

Deva Risk Group Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Shares in subsidiaries acquired by share-for-share exchange where the merger relief provisions of Companies Act 2006 apply are recorded at the nominal value of the shares issued.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

3.	Employees and directors

The average number of employees during the period was NIL (2024 - NIL).

4.	Fixed asset investments

Shares in

group

undertakings

£

Cost

At 1 April 2024

1,698,548

Additions

634,197

At 31 December 2024

2,332,745

Net book value

At 31 December 2024

2,332,745

At 31 March 2024

1,698,548

5.

Creditors: amounts falling due within one year

31/12/24

31/3/24

£

£

Amounts owed to group undertakings

1,410,645

823,467

Other creditors

400,300

343,879

1,810,945

1,167,346

6.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/12/24

31/3/24

value:

£

£

9,207

Ordinary A

£0.01

92

39

950

Ordinary B

£0.01

10

38

819

Ordinary C

£0.01

8

33

110

110

On 14 May 2024 1,862 Ordinary B shares were reclassified as Ordinary A shares and 1,605 Ordinary C shares were reclassified as Ordinary A shares. On 10 July 2024 a further 988 Ordinary B shares were reclassified as Ordinary A shares and a further 852 Ordinary C shares were reclassified as Ordinary A shares.

7.	Related party disclosures

Two directors have made loans to the company. The balance on these loans at 31 December 2024 was £69,119 (31 March 2024 - £69,119). These loans are interest-free and repayable on demand.