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Registered Number: 06420858
England and Wales

 

 

 

DEVON PLACE LIMITED



Unaudited Financial Statements
 


Period of accounts

Start date: 01 December 2023

End date: 30 November 2024

Devon Place Limited
Contents Page
For the year ended 30 November 2024
Director Rachael Gill-Randall
Registered Number 06420858
Registered Office Suite G2 The Business Centre
Cardiff House, Cardiff Road
Barry
Vale of Glamorgan
CF63 2AW
Secretaries Andrew Randall
James Edwards
1
 
 		 Notes
 		 2024
£		   2023
£
Fixed assets      
Tangible fixed assets 4 155,155    186,481 
Investments 5 27,426    26,634 
182,581    213,115 
Current assets      
Stocks 6 22,318    15,402 
Debtors: amounts falling due within one year 7 48,089    34,963 
Debtors: amounts falling due after one year 8 304,149    344,080 
Cash at bank and in hand 136    3,866 
374,692    398,311 
Creditors: amount falling due within one year 9 (288,448)   (261,985)
Net current assets 86,244    136,326 
 
Total assets less current liabilities 268,825    349,441 
Creditors: amount falling due after more than one year 10 (218,336)   (320,501)
Provisions for liabilities 11 (24,359)   (28,703)
Net assets 26,130    237 
 

Capital and reserves 		     
Called up share capital 12 100    100 
Profit and loss account 26,030    137 
Shareholders' funds 26,130    237 
 


For the year ended 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.

The director has chosen to exercise the option in S444(1)(a) CA 2006 and file just the balance sheet.
The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small company's regime.
The financial statements were approved by the director on 30 October 2025 and were signed by:


-------------------------------
Rachael Gill-Randall
Director
2
General Information
Devon Place Limited is a private company, limited by shares, registered in England and Wales, registration number 06420858, registration address Suite G2 The Business Centre, Cardiff House, Cardiff Road, Barry, Vale of Glamorgan, CF63 2AW. The trading address of the company is Devon Place Dental Practice, 52 Devon Place, Newport, Gwent, NP20 4NU.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Finance lease and hire purchase charges
The finance element of the rental payment is charged to the income statement on a straight line basis.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of 5 years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 25% Reducing Balance
Motor Vehicles 25% Reducing Balance
Fixtures and Fittings 10% Reducing Balance
Improvements to property 10% Reducing Balance
Assets on finance lease and hire purchase
Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.

Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.
Fixed asset investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Current asset investments
Current asset investments are stated at the lower of cost and net realisable value.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 18 (2023 : 16).
3.

Intangible fixed assets

Cost Goodwill   Total
  £   £
At 01 December 2023 45,574    45,574 
Additions -    - 
Disposals -    - 
At 30 November 2024 45,574    45,574 
Amortisation
At 01 December 2023 45,574    45,574 
Charge for year -    - 
On disposals -    - 
At 30 November 2024 45,574    45,574 
Net book values
At 30 November 2024 -    - 
At 30 November 2023 -    - 


4.

Tangible fixed assets

Cost or valuation Plant and Machinery   Motor Vehicles   Fixtures and Fittings   Improvements to property   Total
  £   £   £   £   £
At 01 December 2023 327,391    113,885    58,703    37,918    537,897 
Additions 4,151    -    3,160    -    7,311 
Disposals -    -    -    -    - 
At 30 November 2024 331,542    113,885    61,863    37,918    545,208 
Depreciation
At 01 December 2023 254,191    63,043    25,167    9,016    351,417 
Charge for year 19,355    12,712    3,678    2,891    38,636 
On disposals -    -    -    -    - 
At 30 November 2024 273,546    75,755    28,845    11,907    390,053 
Net book values
Closing balance as at 30 November 2024 57,996    38,130    33,018    26,011    155,155 
Opening balance as at 01 December 2023 73,200    50,842    33,536    28,903    186,481 


5.

Investments

Cost Loans to participating interests   Total
  £   £
At 01 December 2023 26,634    26,634 
Additions 792    792 
Disposals -    - 
At 30 November 2024 27,426    27,426 

6.

Stocks

2024
£		   2023
£
Work in Progress 7,849    6,790 
Stocks 14,469    8,612 
22,318    15,402 

7.

Debtors: amounts falling due within one year

2024
£		   2023
£
Trade Debtors 21,922    19,270 
Other Debtors 26,167    15,693 
48,089    34,963 

8.

Debtors: amounts falling due after one year

2024
£		   2023
£
Other Debtors 251,539    243,511 
Directors' Loan Accounts 52,610    100,569 
304,149    344,080 
Other Debtors
The company made a loan of £150,000 at the end of November 2018 to a property company Glenmore Systems Ltd charged at 3.75% - a commercial rate of interest - is contractually binding and will be reviewed annually.  Balance at 30th November 2024 was £251,539 (2023: £243,511.

9.

Creditors: amount falling due within one year

2024
£		   2023
£
Trade Creditors 116,978    80,484 
Bank Loans & Overdrafts 58,650    100,476 
Corporation Tax 48,227    31,160 
PAYE & Social Security 37,719    17,797 
Other Creditors (2)   2 
Obligations under HP/Financial Leases 26,876    32,066 
288,448    261,985 

10.

Creditors: amount falling due after more than one year

2024
£		   2023
£
Bank Loans & Overdrafts 106,202    152,979 
Other Creditors 64,650    104,308 
Obligations Under HP/Financial Leases 47,484    63,214 
218,336    320,501 

11.

Provisions for liabilities

2024
£		   2023
£
Deferred Tax 23,340    27,945 
Pension Provisions 1,019    758 
24,359    28,703 

12.

Share Capital

Authorised
100 Class A shares of £1.00 each
Allotted, called up and fully paid
2024
£		   2023
£
100 Class A shares of £1.00 each 100    100 
100    100 

13.

Ultimate Controlling Party

The ultimate controlling party is Dr Rachael Gill-Randall
14.

Directors' Loan Account

At 30th November 2024, the director owed the Company £52,610 (2023: £100,569).
3