1 March 2024 false No description of principal activity Taxfiler 2024.6 13889368 business:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 13889368 2024-02-29 13889368 2024-03-01 2025-02-28 13889368 business:AuditExempt-NoAccountantsReport 2024-03-01 2025-02-28 13889368 business:FilletedAccounts 2024-03-01 2025-02-28 13889368 2025-02-28 13889368 2024-02-29 13889368 core:WithinOneYear 2025-02-28 13889368 core:WithinOneYear 2024-02-29 13889368 core:AfterOneYear 2025-02-28 13889368 core:AfterOneYear 2024-02-29 13889368 core:ShareCapital core:PreviouslyStatedAmount 2025-02-28 13889368 core:ShareCapital core:PreviouslyStatedAmount 2024-02-29 13889368 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2025-02-28 13889368 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2024-02-29 13889368 core:PreviouslyStatedAmount 2025-02-28 13889368 core:PreviouslyStatedAmount 2024-02-29 13889368 business:SmallEntities 2024-03-01 2025-02-28 13889368 business:Director2 2024-03-01 2025-02-28 13889368 countries:EnglandWales 2024-03-01 2025-02-28 13889368 core:LandBuildings 2024-03-01 2025-02-28 13889368 core:LandBuildings 2024-02-29 13889368 core:LandBuildings 2025-02-28 13889368 2023-03-01 2024-02-29 iso4217:GBP xbrli:pure
Devarsh Capital Limited Statement of financial position as at 28 February 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
655,512
663,474
Current assets
Cash at bank and in hand
6,725
6,980
Creditors: amounts falling due within one year
5
(215,457)
(241,137)
Net current liabilities
(208,732)
(234,157)
Total assets less current liabilities
446,780
429,317
Creditors: amounts falling due after more than one year
6
(479,100)
(479,100)
Net liabilities
(32,320)
(49,783)
Capital and reserves
Called up share capital
2
2
Profit and loss account
(32,322)
(49,785)
Shareholders' funds
(32,320)
(49,783)
For the year ending 28 February 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 20 September 2025 and were signed on its behalf by
VAID, Mitlesh Director Company Registration No. 13889368
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Devarsh Capital Limited Notes to the Accounts for the year ended 28 February 2025
1
Statutory information
Devarsh Capital Limited is a private company, limited by shares, registered in England and Wales, registration number 13889368.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 28 February 2025 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 March 2023. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Over 50 years
4
Tangible fixed assets
Land & buildings
£
Cost or valuation
At cost
At 1 March 2024
663,474
At 28 February 2025
663,474
Depreciation
Charge for the year
7,962
At 28 February 2025
7,962
Net book value
At 28 February 2025
655,512
At 29 February 2024
663,474
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Devarsh Capital Limited Notes to the Accounts for the year ended 28 February 2025
5
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
-
680
Loans from directors
215,457
240,457
215,457
241,137
6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
459,600
459,600
Other creditors
19,500
19,500
479,100
479,100
7
Average number of employees
During the year the average number of employees was 0 (2024: 0).
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