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Registered number: 00821768
Develostates Investments Limited
Financial Statements
For The Year Ended 5 April 2025
Robert Agates & Associates
Certified Accountants
Sentosa
Southview Road
Crowborough
East Sussex
TN6 1HG
Develostates Investments Limited
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—5

Page 1
Develostates Investments Limited
Balance Sheet
As At 5 April 2025
Balance Sheet
Registered number: 00821768

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 1,122,735 |  | 1,131,957
|  |  | 1,122,735 |  | 1,131,957
CURRENT ASSETS
Debtors | 5 | - |  | 7,787 |
Investments | 6 | 60,000 |  | 60,000 |
Cash at bank and in hand |  | 59,043 |  | 28,893 |
|  | 119,043 |  | 96,680 |
Creditors: Amounts Falling Due Within One Year | 7 | (104,194 ) |  | (103,994 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 14,849 |  | (7,314 )
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 1,137,584 |  | 1,124,643
PROVISIONS FOR LIABILITIES
Deferred Taxation |  |  | (82,416 ) |  | (82,416 )
NET ASSETS |  |  | 1,055,168 |  | 1,042,227
CAPITAL AND RESERVES
Called up share capital | 8 |  | 15,400 |  | 15,400
Revaluation reserve | 9 |  | 308,939 |  | 308,939
Profit and Loss Account |  |  | 730,829 |  | 717,888
SHAREHOLDERS' FUNDS |  |  | 1,055,168 |  | 1,042,227

Page 1
Page 2
Develostates Investments Limited
Balance Sheet (continued)
As At 5 April 2025
For the year ending 5 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board

Mr Michele Volpin Director
28th December 2025

The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Develostates Investments Limited
Notes to the Financial Statements
For The Year Ended 5 April 2025
Notes to the Financial Statements
1. General Information
Develostates Investments Limited is a private company, limited by shares, incorporated in England & Wales, registered number 00821768 . The registered office is Sentosa, Southview Road, Crowborough, East Sussex, TN6 1HG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" - and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold | 2% per annum on cost
Leasehold | 2% per annum on cost
Fixtures & Fittings | 15% per annum on reducing balance
Computer Equipment | 20% per annum on reducing balance

2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. Taxation
Corporation tax expense represents the sum of the tax currently payable.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Current tax for the year is recognised in profit or loss, except when it related to items that are recognised in other comprehensive income or directly in equity, in which case, the current tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2024: 3)
3 3
Page 3
Page 4
Develostates Investments Limited
Notes to the Financial Statements (continued)
For The Year Ended 5 April 2025
4. Tangible Assets

| Land & Property
--- | ---
| Freehold | Leasehold | Investment Properties | Fixtures & Fittings
| £ | £ | £ | £
Cost or Valuation
As at 6 April 2024 | 532,000 | 171,400 | 449,921 | 14,135
Additions | - | - | - | -
As at 5 April 2025 | 532,000 | 171,400 | 449,921 | 14,135
Depreciation
As at 6 April 2024 | - | 3,428 | 21,572 | 10,499
Provided during the period | - | 3,428 | 8,998 | 545
As at 5 April 2025 | - | 6,856 | 30,570 | 11,044
Net Book Value
As at 5 April 2025 | 532,000 | 164,544 | 419,351 | 3,091
As at 6 April 2024 | 532,000 | 167,972 | 428,349 | 3,636

| Computer Equipment | Total
--- | --- | ---
| £ | £
Cost or Valuation
As at 6 April 2024 | - | 1,167,456
Additions | 4,686 | 4,686
As at 5 April 2025 | 4,686 | 1,172,142
Depreciation
As at 6 April 2024 | - | 35,499
Provided during the period | 937 | 13,908
As at 5 April 2025 | 937 | 49,407
Net Book Value
As at 5 April 2025 | 3,749 | 1,122,735
As at 6 April 2024 | - | 1,131,957

5. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Other debtors | - |  | 120
Loan to associated company | - |  | 7,667
| - |  | 7,787

6. Current Asset Investments

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Short term deposits | 60,000 |  | 60,000

Page 4
Page 5
Develostates Investments Limited
Notes to the Financial Statements (continued)
For The Year Ended 5 April 2025
7. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | 4,362 |  | 5,926
Corporation tax | 5,163 |  | 5,784
Other taxes and social security | 256 |  | 1,680
Directors' loan accounts | 89,349 |  | 88,300
Accruals | 5,064 |  | 2,304
| 104,194 |  | 103,994

8. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 15,400 |  | 15,400

9. Reserves

| Revaluation reserve | Profit and Loss Account
--- | --- | ---
| £ | £
As at 6 April 2024 | 308,939 | 717,888
Profit for the year and total comprehensive income | - | 12,941
As at 5 April 2025 | 308,939 | 730,829

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