Devarsh Capital Limited
Statement of financial position
as at 28 February 2025
Tangible assets
655,512
663,474
Cash at bank and in hand
6,725
6,980
Creditors: amounts falling due within one year
(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
(479,100)
(479,100)
Net liabilities
(32,320)
(49,783)
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
Devarsh Capital Limited
Notes to the Accounts
for the year ended 28 February 2025
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
At 28 February 2025
663,474
At 28 February 2025
655,512
At 29 February 2024
663,474
Devarsh Capital Limited
Notes to the Accounts
for the year ended 28 February 2025
5
Creditors: amounts falling due within one year
2025
2024
Loans from directors
215,457
240,457
6
Creditors: amounts falling due after more than one year
2025
2024
Bank loans
459,600
459,600
Other creditors
19,500
19,500
7
Average number of employees
During the year the average number of employees was 0 (2024: 0).