REGISTERED NUMBER: 11120802 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

DEVONSHIRE GENERAL STORES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

C P S Copping

REGISTERED OFFICE:

29 Gildredge Road

Eastbourne

East Sussex

BN21 4RU

REGISTERED NUMBER:

11120802 (England and Wales)

ACCOUNTANTS:

Advanta

Chartered Accountants

29 Gildredge Road

Eastbourne

East Sussex

BN21 4RU

FIXED ASSETS

Intangible assets

4

7,200

9,600

Tangible assets

5

5,794

4,759

12,994

14,359

CURRENT ASSETS

Stocks

6

25,000

25,000

Debtors

7

112,493

93,984

Cash at bank

2,442

1,513

139,935

120,497

CREDITORS

Amounts falling due within one year

8

332,986

313,064

NET CURRENT LIABILITIES

(193,051

)

(192,567

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(180,057

)

(178,208

)

CREDITORS

Amounts falling due after more than one year

9

44,983

45,617

NET LIABILITIES

(225,040

)

(223,825

)

CAPITAL AND RESERVES

Called up share capital

133

133

Retained earnings

(225,173

)

(223,958

)

SHAREHOLDERS' FUNDS

(225,040

)

(223,825

)

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 30 December 2025 and were signed by:

C P S Copping - Director

1.	STATUTORY INFORMATION

Devonshire General Stores Ltd 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

Going concern

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.

These financial statements have been prepared on the basis that the company will continue to be a going concern. If this assumption is not considered valid, then adjustments would need to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that might arise and to reclassify fixed assets and long term liabilities as current assets and liabilities.

The validity of the going concern basis depends upon the continued support of the company director and creditors. The director is not aware of any reason why this support should not be forthcoming.

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Plant & machinery

-

25% on reducing balance

Furniture,fittings & equipment

-

25% on reducing balance

Computer equipment

-

Straight line over 3 years

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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 2 (2024 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

24,000

AMORTISATION

At 1 April 2024

14,400

Amortisation for year

2,400

At 31 March 2025

16,800

NET BOOK VALUE

At 31 March 2025

7,200

At 31 March 2024

9,600

5.	TANGIBLE FIXED ASSETS

Plant &

Furniture,fittings

Computer

machinery

& equipment

equipment

Totals

£

£

£

£

COST

At 1 April 2024

5,482

15,906

1,956

23,344

Additions

-

2,790

199

2,989

At 31 March 2025

5,482

18,696

2,155

26,333

DEPRECIATION

At 1 April 2024

4,507

12,122

1,956

18,585

Charge for year

243

1,644

67

1,954

At 31 March 2025

4,750

13,766

2,023

20,539

NET BOOK VALUE

At 31 March 2025

732

4,930

132

5,794

At 31 March 2024

975

3,784

-

4,759

6.

STOCKS

2025

2024

£

£

Stocks

25,000

25,000

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed by group undertakings

17,367

-

Other debtors

7,956

7,956

VAT

852

-

Deferred tax asset

82,805

82,401

Prepayments

3,513

3,627

112,493

93,984

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

5,017

5,001

Trade creditors

20,756

23,032

Amounts owed to group undertakings

260,727

250,125

PAYE

28,559

22,971

VAT

-

338

Other creditors

-

4,715

Directors' current accounts

15,255

4,272

Accrued expenses

2,672

2,610

332,986

313,064

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

5,144

5,128

Bank loans - 2-5 years

15,758

16,175

Bank loans more 5 yr by instal

24,081

24,314

44,983

45,617

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

24,081

24,314

10.	LEASING AGREEMENTS

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

2025

2024

£

£

Within one year

14,000

14,000

Between one and five years

56,000

56,000

In more than five years

17,500

31,500

87,500

101,500

11.	DEFERRED TAX

£

Balance at 1 April 2024

(82,401

)

Provided during year

(404

)

Balance at 31 March 2025

(82,805

)

12.	RELATED PARTY DISCLOSURES

At the balance sheet date the company owed £253,570 (2024 : £242,468) to West Rocks Management Ltd, a company controlled by C P S Copping. No interest was charged on this amount. This amount is repayable on demand.

At the balance sheet date the company owed £2,551 (2024: £2,551) to Weddingbird Ltd, a company controlled by C P S Copping. No interest was charged on this amount. This amount is repayable on demand.

At the balance sheet date the company owed £4,606 (2024: £4,606) to Longleaf Sussex Limited, a company controlled by C P S Copping. No interest was charged on this amount. This amount is repayable on demand.

At the balance sheet date the company was owed £15,689 (2024: £500 owed to) by Natural Fitness Centre Limited, a company controlled by C P S Copping. No interest was charged on this amount. This amount is repayable on demand.

At the balance sheet date the company was owed £1,678 (2024: £Nil) by Seafood & More Limited, a company controlled by C P S Copping. No interest was charged on this amount. This amount is repayable on demand.