REGISTERED NUMBER: 05724877 (England and Wales)

Report of the Director and

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Deverell Smith Limited

Page

Company Information

1

Report of the Director

2

Abridged Balance Sheet

3

Notes to the Financial Statements

5

DIRECTOR:

A M Deverell-Smith

REGISTERED OFFICE:

2nd Floor, Cannon Green

1 Suffolk Lane

London

EC4R 0AX

REGISTERED NUMBER:

05724877 (England and Wales)

ACCOUNTANTS:

Silvester Parker Limited

The Spinney

Beausale

Warwick

Warwickshire

CV35 7NU

The director presents his report with the financial statements of the company for the year ended 31 March 2025.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of real estate recruitment agent and other activities.

DIRECTOR

A M Deverell-Smith held office during the whole of the period from 1 April 2024 to the date of this report.

DONATIONS

During the year the company made a number of small charitable donations, Total donations in the year was £1,936.

STATEMENT OF DIRECTOR'S RESPONSIBILITIES

The director is responsible for preparing the Report of the Director and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

A M Deverell-Smith - Director

18 December 2025

FIXED ASSETS

Tangible assets

4

29,733

40,317

Investments

5

1

16,282

29,734

56,599

CURRENT ASSETS

Debtors

2,440,664

2,654,244

Cash at bank

(371,855

)

(435,257

)

2,068,809

2,218,987

CREDITORS

Amounts falling due within one year

1,970,622

1,798,831

NET CURRENT ASSETS

98,187

420,156

TOTAL ASSETS LESS CURRENT LIABILITIES

127,921

476,755

CREDITORS

Amounts falling due after more than one year

(56,667

)

(226,667

)

PROVISIONS FOR LIABILITIES

(46,979

)

(60,849

)

NET ASSETS

24,275

189,239

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

24,274

189,238

SHAREHOLDERS' FUNDS

24,275

189,239

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 director acknowledges his 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 December 2025 and were signed by:

A M Deverell-Smith - Director

1.	STATUTORY INFORMATION

Deverell Smith 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 represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

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

Plant and machinery etc

-

25% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Financial instruments

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the income statement.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 56 (2024 - 58 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2024

122,129

Additions

5,036

At 31 March 2025

127,165

DEPRECIATION

At 1 April 2024

81,812

Charge for year

15,620

At 31 March 2025

97,432

NET BOOK VALUE

At 31 March 2025

29,733

At 31 March 2024

40,317

5.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST

At 1 April 2024

16,282

Disposals

(16,281

)

At 31 March 2025

1

NET BOOK VALUE

At 31 March 2025

1

At 31 March 2024

16,282

6.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.3.25

31.3.24

£

£

Within one year

482,844

462,054

Between one and five years

605,936

1,028,226

1,088,780

1,490,280

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

£

A M Deverell-Smith

Balance outstanding at start of year

279,529

304,995

Amounts repaid

(282,808

)

(25,466

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(3,279

)

279,529

Interest has been charged on the directors overdrawn loan account using the HMRC approved rate of 2.25% pa (2024: 2.25%)

8.	RELATED PARTY DISCLOSURES

Deverell Smith (USA), Inc, is a wholly owned subsidiary of Deverell Smith Limited.

The investment in the company is recognised at £1 representing the cost in GBP of the share capital on incorporation.

At 31 March 2025 there is an intercompany debtor balance of £117,525 (2024: £150,122).

During the year the investment in The Daisy Chain Platform Limited, a wholly owned subsidiary of Deverell Smith Limited, was written off due to the company ceasing to trade and the decision to dissolve the company at Companies House.

The profit and loss account includes charges to the group company, Hintel Limited, of £184,739 (2024: £499,508) for intercompany services. At the 31 March 2025 there was a debtor balance of ££380,075 ( 2024: £303,992) with Hintel Limited.

At the 31 March 2025 the company had a debtor balance with the parent company, Deverell Smith Holdings Limited of £105,591 (2024: £1)

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Deverell Smith Holdings Limited.