| Devon Block Management Limited |
| Registered Number:06584347 |
For the period ended 21 May 2024
England and Wales
Unaudited Financial Statements
For the period ended 21 May 2024
Devon Block Management Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
Devon Block Management Limited
Statement of Financial Position
2023
2024
| Property, plant and equipment |
11,828
12,710
2
14,400
14,400
3
26,228
27,110
| Trade and other receivables |
378,053
619,044
4
422
| Cash and cash equivalents |
11,847
630,891
378,475
| Trade and other payables: amounts falling due within one |
| year |
(350,228)
(476,043)
5
28,247
154,848
Net current assets
| Total assets less current liabilities |
181,076
55,357
| Trade and other payables: amounts falling due after more |
| than one year |
(20,397)
(10,306)
6
(2,957)
(2,415)
| Provisions for liabilities |
167,813
Net assets
32,545
2
2
167,811
32,543
167,813
32,545
Shareholders' funds
| For the period ended 21 May 2024 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 of its financial statements for the period ended 21 May 2024 in accordance with Section 476 of the Companies Act 2006 |
| The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
| These financial statements were approved and authorised for issue by the Board on 14 January 2026 and were signed by: |
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For the period ended 21 May 2024
Devon Block Management Limited
Statement of Financial Position Continued
| The notes form part of these financial statements |
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For the period ended 21 May 2024
Devon Block Management Limited
Notes to the Financial Statements
Statutory Information
| Devon Block Management Limited is a private limited company, limited by shares, domiciled in England and Wales, |
| registration number 06584347. |
Behan House
25 Stonehouse Street
Stonehouse
Plymouth
PL1 3PE
| The presentation currency is £ sterling. |
Basis of preparing the financial statements
| These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
| Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the |
| Companies Act 2006. The financial statements have been prepared under the historical costs convention. |
Revenue recognition
| Turnover represents income from the provision of block management services at invoice value, excluding value added tax. |
Property, plant and equipment
| Tangible fixed assets are stated at cost less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Leasehold improvements
Office equipment
Motor vehicles
Deferred tax
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
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For the period ended 21 May 2024
Devon Block Management Limited
Notes to the Financial Statements Continued
| 2. Property, plant and equipment |
Motor vehicles
48,363
25,740
12,745
9,878
2,271
2,271
-
-
9,878
12,745
28,011
50,634
| Provision for depreciation and impairment |
35,653
18,597
11,520
5,536
Charge for period
3,153
2,353
306
494
38,806
20,950
11,826
6,030
3,848
919
7,061
11,828
4,342
1,225
7,143
12,710
| 3. Investments held as fixed assets |
14,400
14,400
14,400
14,400
14,400
14,400
14,400
14,400
| Devon Block Management Limited have invested £14,400 into a software and development business. This equates |
| to a value of 6% of the business. |
| 4. Trade and other receivables |
2023
2024
152,699
189,178
466,345
188,875
378,053
619,044
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For the period ended 21 May 2024
Devon Block Management Limited
Notes to the Financial Statements Continued
| 5. Trade and other payables: amounts falling due within one year |
2023
2024
10,306
10,199
4,672
5,286
| Taxation and social security |
92,153
54,947
368,912
279,796
476,043
350,228
Included within taxation and social security is corporation tax of £51,509 (2023: £10,631).
| 6. Trade and other payables: amounts falling due after more than one year |
2023
2024
10,306
20,397
| In May 2020 the company took out a covid bounce back loan of £50,000. This was taken over a 72 month period, with the first payment due 13 months after the loan was received. The first years interest was paid by the government and then the company will pay the remaining 60 months with their monthly payments. |
| 7. Related party transactions |
The company is under the effective control of its directors.
| 8. Directors advances and guarantees |
Loaned
Repaid
S F Nicholson
Loan from director
162,414
8,345
215,037
60,968
162,414
8,345
215,037
60,968
| 9. Average number of persons employed |
During the period the average number of employees was 11 (2023 : 11)
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