Company registration number 07540017 (England and Wales)
25 DEVONSHIRE PLACE LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
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 2026
31 March 2026
- 1 -
2026
2025
Notes
£
£
£
£
Fixed assets
Intangible assets
3
21,575
30,212
Tangible assets
4
122,732
129,594
144,307
159,806
Current assets
Stocks
11,400
10,000
Debtors
5
33,866
71,976
Cash at bank and in hand
16,977
10,970
62,243
92,946
Creditors: amounts falling due within one year
6
(109,295)
(136,803)
Net current liabilities
(47,052)
(43,857)
Total assets less current liabilities
97,255
115,949
Creditors: amounts falling due after more than one year
7
(84,803)
(105,095)
Provisions for liabilities
(10,630)
(7,010)
Net assets
1,822
3,844
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
1,722
3,744
Total equity
1,822
3,844
25 DEVONSHIRE PLACE LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2026
31 March 2026
- 2 -

For the financial year ended 31 March 2026 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 August 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 2026
- 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 2026
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 2026
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:

2026
2025
Number
Number
Total
8
7
3
Intangible fixed assets
Goodwill
Customer lists
Total
£
£
£
Cost
At 1 April 2025 and 31 March 2026
36,629
146,524
183,153
Amortisation and impairment
At 1 April 2025
23,693
129,248
152,941
Amortisation charged for the year
2,155
6,482
8,637
At 31 March 2026
25,848
135,730
161,578
Carrying amount
At 31 March 2026
10,781
10,794
21,575
At 31 March 2025
12,936
17,276
30,212
25 DEVONSHIRE PLACE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 6 -
4
Tangible fixed assets
Leasehold improvements
Plant and equipment
Fixtures and fittings
Computers
Total
£
£
£
£
£
Cost
At 1 April 2025
74,155
111,688
79,195
7,245
272,283
Additions
-
0
26,973
-
0
-
0
26,973
At 31 March 2026
74,155
138,661
79,195
7,245
299,256
Depreciation and impairment
At 1 April 2025
59,438
10,500
66,566
6,185
142,689
Depreciation charged in the year
4,362
25,990
3,157
326
33,835
At 31 March 2026
63,800
36,490
69,723
6,511
176,524
Carrying amount
At 31 March 2026
10,355
102,171
9,472
734
122,732
At 31 March 2025
14,717
101,188
12,629
1,060
129,594
5
Debtors
2026
2025
Amounts falling due within one year:
£
£
Trade debtors
530
435
Other debtors
21,073
59,278
21,603
59,713
2026
2025
Amounts falling due after more than one year:
£
£
Other debtors
12,263
12,263
Total debtors
33,866
71,976
25 DEVONSHIRE PLACE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 7 -
6
Creditors: amounts falling due within one year
2026
2025
£
£
Bank loans
1,884
11,304
Trade creditors
39,998
76,943
Taxation and social security
17,332
17,574
Other creditors
50,081
30,982
109,295
136,803

Included in other creditors are hire purchase and finance lease liabilities of £28,902 (2025 : £20,733) that are secured on the assets that are subject to the finance arrangement.

7
Creditors: amounts falling due after more than one year
2026
2025
£
£
Bank loans and overdrafts
-
0
1,884
Other creditors
84,803
103,211
84,803
105,095

Included in other creditors are hire purchase and finance lease liabilities of £71,403 (2025 : £84,367) 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:

2026
2025
£
£
Total commitments
70,250
149,333
25 DEVONSHIRE PLACE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 8 -
9
Directors' transactions

All advances are repayable on demand, and the balance at 31 March 2026 was repaid by the director after the year end.

Description
% Rate
Opening balance
Amounts advanced
Interest charged
Amounts repaid
Closing balance
£
£
£
£
£
Advance
3.75
7,091
20,978
95
(7,091)
21,073
7,091
20,978
95
(7,091)
21,073
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