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Company Registration No. 02250080 (England and Wales)
Devantier Properties Limited Unaudited accounts for the year ended 31 May 2025
Devantier Properties Limited Statement of financial position as at 31 May 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
9,530,000
9,380,000
Current assets
Debtors
5
675,291
667,439
Cash at bank and in hand
4,022
4,650
679,313
672,089
Creditors: amounts falling due within one year
6
(2,061,526)
(54,454)
Net current (liabilities)/assets
(1,382,213)
617,635
Total assets less current liabilities
8,147,787
9,997,635
Creditors: amounts falling due after more than one year
7
(1,675,000)
(3,700,000)
Provisions for liabilities
Deferred tax
(1,450,442)
(1,412,942)
Net assets
5,022,345
4,884,693
Capital and reserves
Called up share capital
100
100
Revaluation reserve
4,956,111
4,843,611
Profit and loss account
66,134
40,982
Shareholders' funds
5,022,345
4,884,693
For the year ending 31 May 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 4 May 2026 and were signed on its behalf by
Mr C Dyason Director Company Registration No. 02250080
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Devantier Properties Limited Notes to the Accounts for the year ended 31 May 2025
1
Statutory information
Devantier Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 02250080. The registered office is 2 Primes Corner, Histon, Cambridge, Cambridgeshire, CB24 9AG, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover
The turnover shown in the profit and loss account represents rental income.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are initially recorded at cost and subsequently stated at cost less any depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a valuation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in the profit or loss for the year.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Devantier Properties Limited Notes to the Accounts for the year ended 31 May 2025
4
Tangible fixed assets
Land & buildings
£
Cost or valuation
At valuation
At 1 June 2024
9,380,000
Revaluations
150,000
At 31 May 2025
9,530,000
Depreciation
At 31 May 2025
-
Net book value
At 31 May 2025
9,530,000
At 31 May 2024
9,380,000
The land and buildings are in respect of the company's freehold investment properties which have been revalued by the directors at the balance sheet date based upon market values. In respect of certain fixed assets stated at valuations, the comparable historical cost and depreciation values are £3,254,535 (2024 £3,254,535).
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
7,872
27,445
Amounts due from group undertakings etc.
663,790
633,568
Other debtors
3,629
6,426
675,291
667,439
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
2,025,000
25,000
Trade creditors
8,661
7,821
Taxes and social security
8,340
3,952
Accruals
19,525
17,681
2,061,526
54,454
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
1,675,000
3,700,000
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Devantier Properties Limited Notes to the Accounts for the year ended 31 May 2025
8
Transactions with related parties
In the directors opinion the immediate controlling party is Devantier Group Limited, the immediate parent undertaking. The company is ultimately controlled by a director Mr C Dyason as a result of his shareholding in the ultimate parent undertaking. During the year the company continued to be financed by loans from the parent company Devantier Group Limited. In addition to this the following transactions occurred with Davantier Group Ltd: Management charge paid £10,000 (2024 nil) Interest paid £nil (2024 nil) Interest received £51,444 (2024 £20,775) As at the balance sheet date, the company was owed £663,790 (2024 £633,568) from Devantier Group Limited.
9
Average number of employees
During the year the average number of employees was 0 (2024: 0).
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