DEVELOPMENT RESEARCH LTD

Company Registration Number:
13587773 (England and Wales)

Unaudited abridged accounts for the year ended 31 August 2025

Period of accounts

Start date: 01 September 2024

End date: 31 August 2025

DEVELOPMENT RESEARCH LTD

Contents of the Financial Statements

for the Period Ended 31 August 2025

Balance sheet
Notes

DEVELOPMENT RESEARCH LTD

Balance sheet

As at 31 August 2025


Notes
2025
2024


£
£
Called up share capital not paid: 19,760 1
Fixed assets
Intangible assets: 3 6,702,827 3,082,884
Tangible assets: 4 4,192,884 6,028,847
Investments: 5 7,012,568 408,488
Total fixed assets: 17,908,279 9,520,219
Current assets
Stocks: 7,028,948 3,081,883
Debtors: 6 9,103,783 3,018,838
Cash at bank and in hand: 2,830,828 1,739,839
Investments: 7 3,112,778 1,073,992
Total current assets: 22,076,337 8,914,552
Creditors: amounts falling due within one year: 8 (510,839) (208,413)
Net current assets (liabilities): 21,565,498 8,706,139
Total assets less current liabilities: 39,493,537 18,226,359
Creditors: amounts falling due after more than one year:   (419,278) (178,388)
Provision for liabilities: (50,188) (30,884)
Total net assets (liabilities): 39,024,071 18,017,087
Capital and reserves
Called up share capital: 19,760 1
Share premium account: 33,757,355 16,484,936
Revaluation reserve:93,108,379837,848
Other reserves: 2,109,398 640,278
Profit and loss account: 29,179 54,024
Shareholders funds: 39,024,071 18,017,087

The notes form part of these financial statements

DEVELOPMENT RESEARCH LTD

Balance sheet statements

For the year ending 31 August 2025 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 04 November 2025
and signed on behalf of the board by:

Name: Benedikt koch
Status: Director

The notes form part of these financial statements

DEVELOPMENT RESEARCH LTD

Notes to the Financial Statements

for the Period Ended 31 August 2025

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

DEVELOPMENT RESEARCH LTD

Notes to the Financial Statements

for the Period Ended 31 August 2025

2. Employees

2025 2024
Average number of employees during the period 26 13

DEVELOPMENT RESEARCH LTD

Notes to the Financial Statements

for the Period Ended 31 August 2025

3. Intangible Assets

Total
Cost £
At 01 September 2024 3,082,884
Additions 3,619,943
Disposals (827,849)
Revaluations 638,838
Transfers 189,011
At 31 August 2025 6,702,827
Net book value
At 31 August 2025 6,702,827
At 31 August 2024 3,082,884

DEVELOPMENT RESEARCH LTD

Notes to the Financial Statements

for the Period Ended 31 August 2025

4. Tangible Assets

Total
Cost £
At 01 September 2024 6,028,847
Additions 0
Disposals (1,835,963)
At 31 August 2025 4,192,884
Net book value
At 31 August 2025 4,192,884
At 31 August 2024 6,028,847

DEVELOPMENT RESEARCH LTD

Notes to the Financial Statements

for the Period Ended 31 August 2025

5. Fixed investments

Vanguard UK - ETF £2,103.727 February 2025 Reference - 48728957.86289

DEVELOPMENT RESEARCH LTD

Notes to the Financial Statements

for the Period Ended 31 August 2025

6. Debtors

2025 2024
££
Debtors due after more than one year: 9,103,783 3,018,838

PLH GROUP £672,927 (REF294884.87)

DEVELOPMENT RESEARCH LTD

Notes to the Financial Statements

for the Period Ended 31 August 2025

7. Current investments

Premier Miton Group £1,328,498 January 2025

DEVELOPMENT RESEARCH LTD

Notes to the Financial Statements

for the Period Ended 31 August 2025

8. Creditors: amounts falling due within one year note

BARCLAYS BANK OVERDRAFT £150,000.00 AC/89038178

DEVELOPMENT RESEARCH LTD

Notes to the Financial Statements

for the Period Ended 31 August 2025

9. Revaluation reserve

2025
£
Balance at 01 September 2024 837,848
Surplus or deficit after revaluation 2,270,531
Balance at 31 August 2025 3,108,379

DEVELOPMENT RESEARCH LTD

Notes to the Financial Statements

for the Period Ended 31 August 2025

10. Financial commitments

BLACK HAWK LLC - £564,828 AIR GLOBAL S.A - £760,384

DEVELOPMENT RESEARCH LTD

Notes to the Financial Statements

for the Period Ended 31 August 2025

11. Loans to directors

Name of director receiving advance or credit: BENEDIKT KOCH
Description of the loan: PERSONAL LOAN REF: B/K 384.2
£
Balance at 01 September 2024 85,067
Advances or credits made: 0
Advances or credits repaid: 21,827
Balance at 31 August 2025 63,240

DEVELOPMENT RESEARCH LTD

Notes to the Financial Statements

for the Period Ended 31 August 2025

12. Related party transactions

Name of the related party: RG LABEL HOLDINGS
Relationship:
INVESTOR
Description of the Transaction: TRADEMARK 76.9 BELLMONT REF- TR00000027748.78
£
Balance at 01 September 2024 1,303,801
Balance at 31 August 2025 1,208,399