Develostates Investments Limited

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

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

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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.

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)

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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

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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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