REGISTERED NUMBER: 00261639 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 January 2025

for

Devenish Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs E A Byford

Mrs B M Byford

J T Byford

SECRETARY:

Mrs E A Byford

REGISTERED OFFICE:

Suite L Radford Business Centre

Radford Way

Billericay

Essex

CM12 0BZ

REGISTERED NUMBER:

00261639 (England and Wales)

ACCOUNTANTS:

DANIEL JAMES

UNIT L

RADFORD BUSINESS CENTRE

RADFORD WAY

BILLERICAY

Essex

CM12 0BZ

FIXED ASSETS

Tangible assets

4

172,772

184,918

Investments

5

60,959

60,959

Investment property

6

1,925,000

1,925,000

2,158,731

2,170,877

CURRENT ASSETS

Debtors

7

28,791

42,298

Cash at bank and in hand

123,248

64,636

152,039

106,934

CREDITORS

Amounts falling due within one year

8

94,779

98,559

NET CURRENT ASSETS

57,260

8,375

TOTAL ASSETS LESS CURRENT LIABILITIES

2,215,991

2,179,252

CREDITORS

Amounts falling due after more than one year

9

(3,750

)

(11,250

)

PROVISIONS FOR LIABILITIES

(327,147

)

(326,739

)

NET ASSETS

1,885,094

1,841,263

CAPITAL AND RESERVES

Called up share capital

500,000

500,000

Other reserves

18,138

18,138

Retained earnings

1,366,956

1,323,125

1,885,094

1,841,263

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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 21 March 2025 and were signed on its behalf by:

Mrs E A Byford - Director

1.	STATUTORY INFORMATION

Devenish Limited 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Buildings - 10% p.a. reducing balance

Plant and equipment - 25% p.a. reducing balance

Motor vehicles - 25% p.a. reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

The company's investment property has been valued by the directors on an existing use basis as at 31st January 2020 by reference to previous valuations made.

Taxation

Taxation for the year 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 year 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 February 2024

215,363

322,036

537,399

Additions

-

19,637

19,637

Disposals

-

(13,035

)

(13,035

)

At 31 January 2025

215,363

328,638

544,001

DEPRECIATION

At 1 February 2024

77,604

274,877

352,481

Charge for year

13,776

16,267

30,043

Eliminated on disposal

-

(11,295

)

(11,295

)

At 31 January 2025

91,380

279,849

371,229

NET BOOK VALUE

At 31 January 2025

123,983

48,789

172,772

At 31 January 2024

137,759

47,159

184,918

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 February 2024

and 31 January 2025

60,959

NET BOOK VALUE

At 31 January 2025

60,959

At 31 January 2024

60,959

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 February 2024

and 31 January 2025

1,925,000

NET BOOK VALUE

At 31 January 2025

1,925,000

At 31 January 2024

1,925,000

The company's investment property has been valued by the directors on an existing use basis as at 31st January 2023 by reference to previous valuations made.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Trade debtors

1,828

522

Other debtors

26,963

41,776

28,791

42,298

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Bank loans and overdrafts

7,500

7,500

Trade creditors

(554

)

(597

)

Taxation and social security

29,683

31,106

Other creditors

58,150

60,550

94,779

98,559

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.25

31.1.24

£

£

Bank loans

3,750

11,250