Company registration number 07540017 (England and Wales)
25 DEVONSHIRE PLACE LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
25 DEVONSHIRE PLACE LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 8
25 DEVONSHIRE PLACE LIMITED
BALANCE SHEET
AS AT 31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
3
30,212
38,849
Tangible assets
4
129,594
59,989
159,806
98,838
Current assets
Stocks
10,000
12,000
Debtors
5
71,976
68,742
Cash at bank and in hand
10,970
13,469
92,946
94,211
Creditors: amounts falling due within one year
6
(136,803)
(132,512)
Net current liabilities
(43,857)
(38,301)
Total assets less current liabilities
115,949
60,537
Creditors: amounts falling due after more than one year
7
(105,095)
(35,404)
Provisions for liabilities
(7,010)
(9,644)
Net assets
3,844
15,489
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
3,744
15,389
Total equity
3,844
15,489
25 DEVONSHIRE PLACE LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2025
31 March 2025
- 2 -

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 4 February 2026
Ms M L Rojas Serrano
Director
Company registration number 07540017 (England and Wales)
25 DEVONSHIRE PLACE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
1
Accounting policies
Company information

25 Devonshire Place Limited is a private company limited by shares incorporated in England and Wales. The registered office is 2-4 Packhorse Road, Gerrards Cross, Buckinghamshire, SL9 7QE.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business.

1.3
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is twenty years (for the acquisition in 2011) and fifteen years (for the acquisition in 2015).

1.4
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Customer lists
Straight line over 12 years
25 DEVONSHIRE PLACE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 4 -
1.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold improvements
Straight line over the lease term
Plant and equipment
Straight line over 5 years
Fixtures and fittings
25% on reducing balance
Computers
25% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.6
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.7
Stocks

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

1.8
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.9
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

25 DEVONSHIRE PLACE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 5 -
1.10
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
7
6
3
Intangible fixed assets
Goodwill
Customer lists
Total
£
£
£
Cost
At 1 April 2024 and 31 March 2025
36,629
146,524
183,153
Amortisation and impairment
At 1 April 2024
21,538
122,766
144,304
Amortisation charged for the year
2,155
6,482
8,637
At 31 March 2025
23,693
129,248
152,941
Carrying amount
At 31 March 2025
12,936
17,276
30,212
At 31 March 2024
15,091
23,758
38,849
25 DEVONSHIRE PLACE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 6 -
4
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 April 2024
74,155
109,157
183,312
Additions
-
0
88,971
88,971
At 31 March 2025
74,155
198,128
272,283
Depreciation and impairment
At 1 April 2024
53,159
70,164
123,323
Depreciation charged in the year
6,279
13,087
19,366
At 31 March 2025
59,438
83,251
142,689
Carrying amount
At 31 March 2025
14,717
114,877
129,594
At 31 March 2024
20,996
38,993
59,989
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
435
225
Other debtors
59,278
56,254
59,713
56,479
2025
2024
Amounts falling due after more than one year:
£
£
Other debtors
12,263
12,263
Total debtors
71,976
68,742
25 DEVONSHIRE PLACE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 7 -
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
11,304
11,304
Trade creditors
76,943
90,156
Taxation and social security
17,574
21,008
Other creditors
30,982
10,044
136,803
132,512

Included in other creditors are hire purchase liabilities of £6,059 (202 4 : £6,059) that are secured on the assets that are subject to the finance arrangement.

7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
1,884
13,188
Other creditors
103,211
22,216
105,095
35,404

Included in other creditors are hire purchase liabilities of £16,157 (202 4 : £22,216) that are secured on the assets that are subject to the finance arrangement.

8
Operating lease commitments
As lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2025
2024
£
£
Total commitments
149,333
228,250
25 DEVONSHIRE PLACE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 8 -
9
Directors' transactions

During the year, an advance of £7,091 was made to the director. The company only charges interest on advances in excess of £10,000, and all advances are repayable on demand. This balance was repaid by the director after the year end.

Description
% Rate
Opening balance
Amounts advanced
Closing balance
£
£
£
Advance
-
-
7,091
7,091
-
7,091
7,091
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