REGISTERED NUMBER: 07577981 (England and Wales)

Financial Statements for the Year Ended 31 March 2025

for

Development2 Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

S S Perinpanathan

REGISTERED OFFICE:

11a Empire Parade

Empire Way

Wembley

Middlesex

HA9 0RQ

REGISTERED NUMBER:

07577981 (England and Wales)

ACCOUNTANTS:

AS Associates

Chartered Certified Accountants

11A Empire Parade

Empire Way

Wembley

Middlesex

HA9 0RQ

FIXED ASSETS

Tangible assets

4

1,164,483

1,164,483

CURRENT ASSETS

Debtors

5

11,800

-

Cash at bank and in hand

7,890

6,938

19,690

6,938

CREDITORS

Amounts falling due within one year

6

668,341

657,663

NET CURRENT LIABILITIES

(648,651

)

(650,725

)

TOTAL ASSETS LESS CURRENT LIABILITIES

515,832

513,758

CREDITORS

Amounts falling due after more than one year

7

362,092

370,875

NET ASSETS

153,740

142,883

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

9

153,640

142,783

SHAREHOLDERS' FUNDS

153,740

142,883

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.

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 31 December 2025 and were signed by:

S S Perinpanathan - Director

1.	STATUTORY INFORMATION

Development2 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

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 NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST

At 1 April 2024

and 31 March 2025

1,164,483

NET BOOK VALUE

At 31 March 2025

1,164,483

At 31 March 2024

1,164,483

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

11,800

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

35,249

34,520

Taxation and social security

18,572

16,025

Other creditors

614,520

607,118

668,341

657,663

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

362,092

370,875

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

356,394

362,820

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

100

Ordinary

1

100

100

9.

RESERVES

Retained

earnings

£

At 1 April 2024

142,783

Profit for the year

10,857

At 31 March 2025

153,640