REGISTERED NUMBER: 06541139 (England and Wales)

DEVITT & SONS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Dr. M.L.D.B. Tipping

Mrs. E.E. Tipping

SECRETARY:

Dr. M.L.D.B. Tipping

REGISTERED OFFICE:

Tippings Barn,

Uggeshall,

Nr. Beccles

Suffolk

NR34 8BE

REGISTERED NUMBER:

06541139 (England and Wales)

ACCOUNTANTS:

Cobbin Floyd Ltd

t/as Findlay Wetherfield Scott & Co.

Chartered Accountants

137, Station Road

Chingford,

London

E4 6AG

FIXED ASSETS

Tangible assets

4

61

82

Investments

5

767,134

767,134

Investment property

6

260,999

260,999

1,028,194

1,028,215

CURRENT ASSETS

Debtors

7

8,807

122,166

Cash at bank

256,163

505,338

264,970

627,504

CREDITORS

Amounts falling due within one year

8

(567,780

)

(767,879

)

NET CURRENT LIABILITIES

(302,810

)

(140,375

)

TOTAL ASSETS LESS CURRENT LIABILITIES

725,384

887,840

CREDITORS

Amounts falling due after more than one year

9

(202,582

)

(343,292

)

NET ASSETS

522,802

544,548

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

522,702

544,448

SHAREHOLDERS' FUNDS

522,802

544,548

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 29th December 2025 and were signed on its behalf by:

Dr. M.L.D.B. Tipping - Director

Mrs. E.E. Tipping - Director

1.	STATUTORY INFORMATION

Devitt & Sons 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.

Preparation of consolidated financial statements

The financial statements contain information about Devitt & Sons Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover

Turnover represents rental income from property letting together sales of property.

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

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

COST

At 1st April 2024

and 31st March 2025

4,650

233

4,883

DEPRECIATION

At 1st April 2024

4,569

232

4,801

Charge for year

21

-

21

At 31st March 2025

4,590

232

4,822

NET BOOK VALUE

At 31st March 2025

60

1

61

At 31st March 2024

81

1

82

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1st April 2024

and 31st March 2025

767,134

NET BOOK VALUE

At 31st March 2025

767,134

At 31st March 2024

767,134

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st April 2024

and 31st March 2025

260,999

NET BOOK VALUE

At 31st March 2025

260,999

At 31st March 2024

260,999

The company's investment property is subject to a legal charge in favour of the company's bankers.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

708

120,072

Taxes

24

1,204

Related party debtors

8,075

-

Prepayments

-

890

8,807

122,166

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

21,722

31,875

Other creditors

3,900

6,300

Related party creditors

363,860

363,860

Directors' current accounts

176,340

363,005

Accrued expenses

1,958

2,839

567,780

767,879

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 2-5 years

93,831

92,862

Bank loans more 5 yr by instal

108,751

250,430

202,582

343,292

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

108,751

250,430

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

224,304

375,167

The bank loans are secured on the company's freehold property,and a debenture over the company's other assets, together with a personal guarantee by a director.

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The amount owed to the directors at the balance sheet date was £176,340.

12.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

The shares of this company are held in Trust in the directors' names. Included within creditors at the balance sheet date is an amount of £363,860 owed by the company to this Trust.