Company registration number 11620163 (England and Wales)
DEVONSHIRE PLACE (THE AVENUE) LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2025
PAGES FOR FILING WITH REGISTRAR
DEVONSHIRE PLACE (THE AVENUE) LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
DEVONSHIRE PLACE (THE AVENUE) LTD
BALANCE SHEET
AS AT 31 OCTOBER 2025
31 October 2025
- 1 -
2025
2024
Notes
£
£
£
£
Current assets
Stocks
2,218,050
2,197,505
Debtors
4
1,050
877
Cash at bank and in hand
5,553
5,342
2,224,653
2,203,724
Creditors: amounts falling due within one year
5
(1,416,743)
(1,380,473)
Net current assets
807,910
823,251
Creditors: amounts falling due after more than one year
6
(887,187)
(887,187)
Net liabilities
(79,277)
(63,936)
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
(79,377)
(64,036)
Total equity
(79,277)
(63,936)

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

T he members have 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 his 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 3 June 2026
Mr J Miller
Director
Company registration number 11620163 (England and Wales)
DEVONSHIRE PLACE (THE AVENUE) LTD
BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 2025
31 October 2025
- 2 -
1
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

2
Accounting policies
Company information

Devonshire Place (The Avenue) Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 2nd Floor, Regis House, 45 King William Street, London, United Kingdom, EC4R 9AN.

2.1
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.

2.2
Going concern

The accounts have been prepared on a going concern basis having regard to the future trading performance of the company.

The director continually monitors the financial conditions of the company and has confirmed that they will continue to support the company through the next twelve months from the date of signing the accounts.

The financial statements do not include any adjustments that might be required if the application of the going concern basis proves to be inappropriate.

2.3
Stocks

Work in progress, being property development, is valued at the lower of cost and net realisable value.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

2.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

2.5
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.

DEVONSHIRE PLACE (THE AVENUE) LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2025
2
Accounting policies
(Continued)
- 3 -
Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, 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 paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

3
Employees

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

2025
2024
Number
Number
Total
1
1
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
1,050
877
5
Creditors: amounts falling due within one year
2025
2024
£
£
Other creditors
1,416,743
1,380,473
6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
887,187
887,187
DEVONSHIRE PLACE (THE AVENUE) LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2025
- 4 -
7
Loans and overdrafts
2025
2024
£
£
Bank loans
887,187
887,187
Payable after one year
887,187
887,187

The bank loans are secured by way of legal mortgages of all legal interests and otherwise by way of fixed charge the properties, all fixtures and fittings, all plant and machinery present and future at the properties, all furnishings and equipment, rents receivable, and proceeds from any insurance claims.

The mortgages are interest-only on a 2 year fixed term.

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