REGISTERED NUMBER: 10706912 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

Devon Training Hub Limited

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

Directors:

Mrs J W Wells

Dr H Rochester

Dr A Venning

Registered office:

Plymouth Science Park Unit 303

Phase 21 Davy Road

Plymouth

Devon

PL6 8BX

Registered number:

10706912 (England and Wales)

Accountants:

Websters

129 North Hill

Plymouth

Devon

PL4 8JY

Fixed assets

Tangible assets

4

10,594

16,016

Current assets

Debtors

5

774,222

800,336

Cash at bank

6

2,739,399

2,607,687

3,513,621

3,408,023

Creditors

Amounts falling due within one year

7

3,285,301

3,288,594

Net current assets

228,320

119,429

Total assets less current liabilities

238,914

135,445

Reserves

Profit and loss account

238,914

135,445

238,914

135,445

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 surplus or deficit 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 Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 December 2025 and were signed on its behalf by:

Mrs J W Wells - Director

Dr H Rochester - Director

Dr A Venning - Director

1.	STATUTORY INFORMATION

Devon Training Hub Limited is a private company, limited by guarantee , 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 derives from multiple sources and is accounted for as follows:-

Grant funding:

The major source of funding is from Health Education England to deliver training and general education to medical professionals. Grant funding is accounted for when it is receivable and treated as deferred income when it is ear-marked for expenditure in future budget periods or funding for a specific project or purpose.

Delegate training:

All fees relating to training of delegates paying for courses are accounted for as income at the point at which the course has been delivered to the participants.

Sponsorship:

Sponsorship income derives from outside parties sponsoring delegate events and is accounted for as income at the same time as the associated course has been delivered.

Membership fees:

Membership of training and educational forums are paid to each membership period and accounted for on a pro-rata basis according to the period of time elapsed in the membership period.

Other income:

Other income is accounted for on the delivery of the service or deferred to match the associated costs to be incurred at a future date.

Tangible fixed assets

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

Short leasehold

-

5 years - straight line

Computer equipment

-

20% on reducing balance

Debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Creditors

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 31 (2024 - 41 ) .

4.	TANGIBLE FIXED ASSETS

Short

Computer

leasehold

equipment

Totals

£

£

£

Cost

At 1 April 2024

and 31 March 2025

33,538

27,666

61,204

Depreciation

At 1 April 2024

30,736

14,452

45,188

Charge for year

2,802

2,620

5,422

At 31 March 2025

33,538

17,072

50,610

Net book value

At 31 March 2025

-

10,594

10,594

At 31 March 2024

2,802

13,214

16,016

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

768,463

791,726

Other debtors

5,759

8,610

774,222

800,336

6.	CASH AT BANK

2025

2024

£

£

Bank account (current)

1,706,935

606,244

Bank account (savings)

1,032,091

1,000,712

Cash in hand

-

-

Bank account (instant)

373

731

2,739,399

4,929,903

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Unspent project funds

2,881,196

2,140,232

Trade creditors

37,969

341,625

Taxation and social security

36,000

-

Other creditors

330,136

806,737

3,285,301

3,288,594

Included in other creditors is £261,139 (2024: £779,235) in respect of separated funds held for Health Education England designated projects.

8.	LIMITED BY GUARANTEE

The liability of members is limited by guarantee which is restricted to £1 per member. There are 4 members and their liability is therefore restricted to a total of £4.

9.	PROFIT AND LOSS RESERVES

2025

2024

£

£

Brought forward reserves

135,445

501,697

Net deficit/surplus for the year

103,469

(39,720

)

Transfer of reserves on separation of company during the year

-

(326,532

)

Carried forward reserves

£238,914

£135,445