REGISTERED NUMBER: 01855107 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

Convery Development Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs H Convery

C Convery

REGISTERED OFFICE:

Sherwood House

41 Queens Road

Farnborough

Hants

GU14 6JP

REGISTERED NUMBER:

01855107 (England and Wales)

ACCOUNTANTS:

Jones & Co

Sherwood House

41 Queens Road

Farnborough

Hants

GU14 6JP

FIXED ASSETS

Tangible assets

4

-

-

Investment property

5

600,000

600,000

600,000

600,000

CURRENT ASSETS

Stocks

175,706

175,706

Debtors

6

1,050

1,081

Cash at bank

103,257

80,488

280,013

257,275

CREDITORS

Amounts falling due within one year

7

105,487

110,882

NET CURRENT ASSETS

174,526

146,393

TOTAL ASSETS LESS CURRENT LIABILITIES

774,526

746,393

CREDITORS

Amounts falling due after more than one year

8

(400,000

)

(400,000

)

PROVISIONS FOR LIABILITIES

(14,034

)

(14,034

)

NET ASSETS

360,492

332,359

CAPITAL AND RESERVES

Called up share capital

2

2

Revaluation reserve

9

71,249

71,249

Retained earnings

289,241

261,108

SHAREHOLDERS' FUNDS

360,492

332,359

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

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

C Convery - Director

1.	STATUTORY INFORMATION

Convery Development 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 as modified by the revaluation of certain assets.

Turnover

Turnover in the year comprised rents from investment property. Rental income is recognised according to the terms of tenancies.

Tangible fixed assets

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

Motor vehicles

-

25% on reducing balance

Investment property

Investment property is revalued annually and the aggregate surplus or deficit is transferred to a fair value reserve via the Income Account. No depreciation is provided since in the opinion of the directors the value is in excess of cost.

Stocks

Stock is valued at the lower of cost and net realisable value.

Taxation

Taxation for the year comprises current and deferred tax.

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 fair value adjustments to the valuation of investment properties.

FRS 102 requires deferred tax to be provided for on the difference between cost and the fair value of investment property and accordingly the previous years' figures have been adjusted for the appropriate provision.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Motor

vehicles

£

COST

At 1 April 2024

and 31 March 2025

18,299

DEPRECIATION

At 1 April 2024

and 31 March 2025

18,299

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

600,000

NET BOOK VALUE

At 31 March 2025

600,000

At 31 March 2024

600,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 2020

35,283

Valuation in 2024

50,000

Cost

514,717

600,000

If investment property had not been revalued it would have been included at the following historical cost:

31.3.25

31.3.24

£

£

Cost

514,717

514,717

Investment property was valued on an open market basis on 31 March 2025 by the directors .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Other debtors

1,050

1,081

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Taxation and social security

6,599

5,197

Other creditors

98,888

105,685

105,487

110,882

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Other creditors

400,000

400,000

9.

RESERVES

Revaluation

reserve

£

At 1 April 2024

and 31 March 2025

71,249