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Registered number: 09947636
Devoy & Smallbone Properties Ltd
Unaudited Financial Statements
For The Year Ended 31 January 2025
VSP Accountancy Services
ACA
188 Victoria Avenue
Hull
East Yorkshire
HU53DY
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 09947636
2025 2024
Notes £ £ £ £
FIXED ASSETS
Investment Properties 5 1,757,000 1,757,000
1,757,000 1,757,000
CURRENT ASSETS
Debtors 6 81,992 99,548
Cash at bank and in hand 7,380 7,893
89,372 107,441
Creditors: Amounts Falling Due Within One Year 7 (218,077 ) (184,739 )
NET CURRENT ASSETS (LIABILITIES) (128,705 ) (77,298 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,628,295 1,679,702
Creditors: Amounts Falling Due After More Than One Year 8 (1,663,318 ) (1,682,926 )
NET LIABILITIES (35,023 ) (3,224 )
CAPITAL AND RESERVES
Called up share capital 9 2 2
Revaluation reserve 10 310,907 310,907
Profit and Loss Account (345,932 ) (314,133 )
SHAREHOLDERS' FUNDS (35,023) (3,224)
Page 1
Page 2
For the year ending 31 January 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Aaron Devoy
Director
10/10/2025
The notes on pages 3 to 4 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Devoy & Smallbone Properties Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09947636 . The registered office is 11 Norfolk Mews, Brighton, East Sussex, BN1 2PH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Investment properties are carried at their open market value as determined by the directors except that newly acquired properties are carried at cost for the first year of ownership and changes are brought into the accounts only in years in which they are material.
Computer Equipment 50% straight line
2.4. Investment Properties
All investment properties are carried at fair value determined annually 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 for. Changes in fair value are recognised in the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
2 2
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 February 2024 2,317
As at 31 January 2025 2,317
Depreciation
As at 1 February 2024 2,317
As at 31 January 2025 2,317
Net Book Value
As at 31 January 2025 -
As at 1 February 2024 -
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5. Investment Property
2025
£
Fair Value
As at 1 February 2024 and 31 January 2025 1,757,000
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 4,022 3,594
Other debtors 42,449 60,433
46,471 64,027
Due after more than one year
Other debtors 35,521 35,521
81,992 99,548
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Credit card 10,451 6,194
Directors' loan accounts 207,626 178,545
218,077 184,739
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 1,252,418 1,272,026
Other creditors 410,900 410,900
1,663,318 1,682,926
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 2 2
10. Reserves
Revaluation Reserve
£
As at 1 February 2024 310,907
As at 31 January 2025 310,907
11. Ultimate Controlling Party
The company's ultimate controlling party is the directors by virtue of their ownership of 100% of the issued share capital in the company.
Page 4