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Company Registration No. 08169176 (England and Wales)
Development And Renovation Limited Unaudited accounts for the year ended 30 August 2025
Development And Renovation Limited Statement of financial position as at 30 August 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
2,571
3,025
Investment property
5
2,591,618
2,591,618
2,594,189
2,594,643
Current assets
Debtors
6
18,077
14,477
Cash at bank and in hand
67,724
53,622
85,801
68,099
Creditors: amounts falling due within one year
7
(273,450)
(267,156)
Net current liabilities
(187,649)
(199,057)
Total assets less current liabilities
2,406,540
2,395,586
Creditors: amounts falling due after more than one year
8
(711,006)
(751,526)
Provisions for liabilities
Deferred tax
(289,316)
(289,316)
Net assets
1,406,218
1,354,744
Capital and reserves
Called up share capital
9
100
100
Revaluation reserve
1,233,400
1,233,400
Profit and loss account
172,718
121,244
Shareholders' funds
1,406,218
1,354,744
For the year ending 30 August 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 director acknowledges his 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 and authorised for issue on 3 June 2026 and were signed on its behalf by
Imran Din Director Company Registration No. 08169176
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Development And Renovation Limited Notes to the Accounts for the year ended 30 August 2025
1
Statutory information
Development And Renovation Limited is a private company, limited by shares, registered in England and Wales, registration number 08169176. The registered office is 8 Easterly Crescent, Leeds, LS8 2SF.
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.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives on the following basis: Fixtures, fittings & equipment - 25% Reducing balance
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
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.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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Development And Renovation Limited Notes to the Accounts for the year ended 30 August 2025
4
Tangible fixed assets
Fixtures & fittings
£
Cost or valuation
At cost
At 31 August 2024
11,540
At 30 August 2025
11,540
Depreciation
At 31 August 2024
8,515
Charge for the year
454
At 30 August 2025
8,969
Net book value
At 30 August 2025
2,571
At 30 August 2024
3,025
5
Investment property
2025
£
Fair value at 31 August 2024
2,591,618
At 30 August 2025
2,591,618
Investment property is carried at fair value and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. The market value of the company's investment properties at the valuation date of August 2021 has been incorporated in to these financial statements as the value as at 30 August 2024. In the opinion of the directors the difference in valuation between the two dates is considered immaterial.
6
Debtors
2025
2024
£
£
Amounts falling due within one year
Other debtors
15,477
14,477
Amounts falling due after more than one year
Other debtors
2,600
-
7
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
43,064
35,575
Taxes and social security
27,360
26,635
Loans from directors
201,346
201,346
Accruals
1,680
3,600
273,450
267,156
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Development And Renovation Limited Notes to the Accounts for the year ended 30 August 2025
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
626,317
666,837
Other creditors
84,689
84,689
711,006
751,526
9
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
10
Average number of employees
During the year the average number of employees was 1 (2024: 1).
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