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REGISTERED NUMBER: 11388755 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 May 2025

for

Devon Homes Limited

Devon Homes Limited (Registered number: 11388755)

Contents of the Financial Statements

for the Year Ended 31 May 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

Devon Homes Limited

Company Information

for the Year Ended 31 May 2025

| DIRECTOR: | Mrs M E Markwick

| REGISTERED OFFICE: | Century House

| Grosvenor Hill

| London

| SW19 4RY

| REGISTERED NUMBER: | 11388755 (England and Wales)

| ACCOUNTANTS: | Equifino Ltd

| Ivy Court

| 61 High Street

| Nailsea

| Bristol

| BS48 1AW

Devon Homes Limited (Registered number: 11388755)

Balance Sheet

31 May 2025

| 31.5.25 | 31.5.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | - |  | - |  |

Investment property | 5 | 1,300,000 |  | 1,300,000 |  |

1,300,000 |  | 1,300,000 |  |

CREDITORS

Amounts falling due within one year | 6 | 1,240,825 |  | 1,233,349 |  |

NET CURRENT LIABILITIES | (1,240,825 | ) | (1,233,349 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 59,175 |  | 66,651 |  |

PROVISIONS FOR LIABILITIES | 12,616 |  | 12,616 |  |

NET ASSETS | 46,559 |  | 54,035 |  |

CAPITAL AND RESERVES

Called up share capital | 220 |  | 220 |  |

Fair value reserve | 7 | 273,541 |  | 273,541 |  |

Retained earnings | (227,202 | ) | (219,726 | ) |

46,559 |  | 54,035 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Devon Homes Limited (Registered number: 11388755)

Balance Sheet - continued

31 May 2025

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 9 February 2026 and were signed by:

Mrs M E Markwick - Director

Devon Homes Limited (Registered number: 11388755)

Notes to the Financial Statements

for the Year Ended 31 May 2025

1. | STATUTORY INFORMATION

| Devon Homes 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 as modified by the revaluation of certain assets.

| Going concern

| The financial statements have been prepared on a going concern basis. The directors have a reasonable expectation that, despite the adverse UK economy as a whole, the company has adequate resources to continue in operational existence for the foreseeable future. On this basis, the directors have concluded that they can continue to adopt the going concern basis in preparing the financial statements.

| Tangible fixed assets

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

| Fixtures and fittings | - | 33% on cost

| Investment property

| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Devon Homes Limited (Registered number: 11388755)

Notes to the Financial Statements - continued

for the Year Ended 31 May 2025

2. | ACCOUNTING POLICIES - continued

| Financial instruments

| The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

| Basic financial assets, which include trade and other debtors, amounts due from group undertakings and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost. Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

| Basic financial liabilities, including trade and other creditors and amounts due to group undertakings are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Financial liabilities are derecognised when, and only when, the company's contractual obligations are discharged, cancelled, or they expire.

| 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.

Devon Homes Limited (Registered number: 11388755)

Notes to the Financial Statements - continued

for the Year Ended 31 May 2025

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 1 (2024 - 1 ) .

4. | TANGIBLE FIXED ASSETS

| Fixtures

| and

| fittings

£ |

| COST

| At 1 June 2024

| and 31 May 2025 | 2,467 |  |

| DEPRECIATION

| At 1 June 2024

| and 31 May 2025 | 2,467 |  |

| NET BOOK VALUE

| At 31 May 2025 | - |  |

| At 31 May 2024 | - |  |

5. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 June 2024

| and 31 May 2025 | 1,300,000 |  |

| NET BOOK VALUE

| At 31 May 2025 | 1,300,000 |  |

| At 31 May 2024 | 1,300,000 |  |

| Fair value at 31 May 2025 is represented by:

£ |

| Valuation in 2022 | 273,541 |  |

| Cost | 1,026,459 |  |

1,300,000 |  |

Devon Homes Limited (Registered number: 11388755)

Notes to the Financial Statements - continued

for the Year Ended 31 May 2025

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.5.25 |  | 31.5.24

£ | £ |

| Directors' current accounts | 1,237,973 |  | 1,231,549 |  |

| Accruals and deferred income | 2,852 |  | 1,800 |  |

1,240,825 |  | 1,233,349 |  |

7. | RESERVES

| Fair

| value

| reserve

£ |

| At 1 June 2024

| and 31 May 2025 | 273,541 |  |

8. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to a director subsisted during the years ended 31 May 2025 and 31 May 2024:

| 31.5.25 |  | 31.5.24

£ | £ |

| Mrs M E Markwick

| Balance outstanding at start of year | 1,231,549 |  | 1,219,045 |  |

| Amounts advanced | 19,086 |  | 20,604 |  |

| Amounts repaid | (12,662 | ) | (8,100 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 1,237,973 |  | 1,231,549 |  |