Company No:
Contents
| DIRECTORS | A W Chesterton |
| B P Larochelle |
| REGISTERED OFFICE | 45 Gresham Street |
| London | |
| EC2V 7BG | |
| United Kingdom |
| COMPANY NUMBER | 05511854 (England and Wales) |
| AUDITOR | S&W Audit |
| Chartered Accountants & | |
| Statutory Auditor | |
| Onslow House | |
| Onslow Street | |
| Guildford | |
| GU1 4TL | |
| United Kingdom |
| Note | 2025 | 2024 | ||
| $ | $ | |||
| Current assets | ||||
| Debtors | 4 |
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| Cash at bank and in hand |
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| 2,077,541 | 2,148,998 | |||
| Creditors: amounts falling due within one year | 5 | (
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| Net current assets | 1,417,027 | 1,329,322 | ||
| Total assets less current liabilities | 1,417,027 | 1,329,322 | ||
| Net assets |
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| Capital and reserves | ||||
| Called-up share capital | 6 |
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| Profit and loss account |
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| Total shareholder's funds |
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The financial statements of The Devereaux Service Company Limited (registered number:
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B P Larochelle
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.
The Devereaux Service Company Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 45 Gresham Street, London, EC2V 7BG, United Kingdom.
The financial statements have been prepared under the historical cost convention, and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The functional currency of The Devereaux Service Company Limited is considered to be USD because that is the currency of the primary economic environment in which the Company operates.
These financial statements are separate financial statements.
The financial statements have been prepared on a going concern basis.
The Company acts as a cost centre and recharges its expenditure to a company under common ownership which is its sole customer. The arrangement is underpinned by a service agreement which specifies a mark-up of on costs, thereby guaranteeing a profit in the Company. The directors have obtained confirmation from the Company’s sole customer of its intention to continue with the current recharging arrangement. The directors consider that the Company is a going concern and that the financial statements are therefore correctly prepared on the going concern basis.
Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise on monetary items.
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors.
| 2025 | 2024 | ||
| Number | Number | ||
| Monthly average number of persons employed by the Company during the year, including directors |
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| Computer equipment | Total | ||
| $ | $ | ||
| Cost | |||
| At 01 January 2025 |
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| At 31 December 2025 |
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| Accumulated depreciation | |||
| At 01 January 2025 |
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| At 31 December 2025 |
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| Net book value | |||
| At 31 December 2025 | 0 | 0 | |
| At 31 December 2024 | 0 | 0 |
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| $ | $ | ||
| Amounts owed by related parties |
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| Prepayments |
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| Other debtors |
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| 2025 | 2024 | ||
| $ | $ | ||
| Accruals |
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| Taxation and social security |
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| 2025 | 2024 | ||
| $ | $ | ||
| Allotted, called-up and fully-paid | |||
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During the year the Company charged $3,058,332 (2024: $2,852,906) for management services to a company under common control. As at 31 December 2025, that company owed the Company $2,037,488 (2024: $2,128,760).
Included in this balance is a receivable of $426.701 (2024: $753,549) due in respect of a payroll tax liability which the Company intends to settle on behalf of a company under common control. There is a corresponding payroll tax liability included in creditors under "Taxation and social security"
The audit report was signed by Peter Key (Senior Statutory Auditor) on behalf of S&W Audit.
The ultimate parent undertaking is Chesterton Global Inc, a company incorporated in the USA.
The parent of the smallest and largest group that prepares consolidated accounts including the results of The Devereaux Service Company Limited is Chesterton International BV, a company incorporated in the Netherlands and having a registered office at Strawinskylaan 3127, 8th Floor, 1077ZX Netherlands.