Devon Place Limited

Devon Place Limited
Statement of Financial Position
As at 30 November 2025

	Notes	2025 £	2024 £
Fixed assets
Tangible fixed assets	4	138,106	167,296
Investments	5	2,517	27,426
		140,623	194,722
Current assets
Stocks	6	9,740	22,318
Debtors: amounts falling due within one year	7	45,411	48,089
Debtors: amounts falling due after one year	8	273,944	304,149
Cash at bank and in hand		101	136
		329,196	374,692
Creditors: amount falling due within one year	9	(309,534)	(301,938)
Net current assets		19,662	72,754

Total assets less current liabilities		160,285	267,476
Creditors: amount falling due after more than one year	10	(63,223)	(221,034)
Accruals and deferred income		(8,671)	0
Provisions for liabilities	11	(22,721)	(24,359)
Net assets		65,670	22,083

Capital and reserves
Called up share capital	12	100	100
Profit and loss account		65,570	21,983
Shareholders' funds		65,670	22,083

For the year ended 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The director has chosen to exercise the option in S444(1)(a) CA 2006 and file just the balance sheet.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small company's regime.

The financial statements were approved by the director on 21 August 2026 and were signed by:

-------------------------------
Rachael Gill-Randall
Director

Devon Place Limited
Notes to the Financial Statements
For the year ended 30 November 2025

General Information

Devon Place Limited is a private company, limited by shares, registered in England and Wales, registration number 06420858, registration address Suite G2 The Business Centre, Cardiff House, Cardiff Road, Barry, Vale of Glamorgan, CF63 2AW. The trading address of the company is Devon Place Dental Practice, 52 Devon Place, Newport, Gwent, NP20 4NU.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)

Going concern basis

The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Government grants

Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.

Operating lease rentals

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

Finance lease and hire purchase charges

The finance element of the rental payment is charged to the income statement on a straight line basis.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

Deferred taxation

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Current and deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.

Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of 5 years.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant and Machinery	25% Reducing Balance
Motor Vehicles	25% Reducing Balance
Fixtures and Fittings	10% Reducing Balance
Improvements to property	10% Reducing Balance

Assets on finance lease and hire purchase

Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.

Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.

Fixed asset investments

Fixed asset investments are stated at cost less provision for any permanent diminution in value.

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Current asset investments

Current asset investments are stated at the lower of cost and net realisable value.

Provisions

Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.

2.	Average number of employees Average number of employees during the year was 18 (2024 : 18).

Intangible fixed assets

Cost	Goodwill	Total
	£	£
At 01 December 2024	45,574	45,574
Additions	-	-
Disposals	-	-
At 30 November 2025	45,574	45,574
Amortisation
At 01 December 2024	45,574	45,574
Charge for year	-	-
On disposals	-	-
At 30 November 2025	45,574	45,574
Net book values
At 30 November 2025	-	-
At 30 November 2024	-	-

Tangible fixed assets

Cost or valuation	Plant and Machinery	Motor Vehicles	Fixtures and Fittings	Improvements to property	Total
	£	£	£	£	£
At 01 December 2024	347,730	113,885	61,863	37,918	561,396
Additions	-	-	4,236	-	4,236
Disposals	-	-	-	-	-
At 30 November 2025	347,730	113,885	66,099	37,918	565,632
Depreciation
At 01 December 2024	277,593	75,755	28,845	11,907	394,100
Charge for year	17,556	9,534	3,734	2,602	33,426
On disposals	-	-	-	-	-
At 30 November 2025	295,149	85,289	32,579	14,509	427,526
Net book values
Closing balance as at 30 November 2025	52,581	28,596	33,520	23,409	138,106
Opening balance as at 01 December 2024	70,137	38,130	33,018	26,011	167,296

Investments

Cost	Loans to participating interests	Total
	£	£
At 01 December 2024	27,426	27,426
Additions	91	91
Disposals	(25,000)	(25,000)
At 30 November 2025	2,517	2,517

Stocks

	2025 £	2024 £
Work in Progress	2,740	7,849
Stocks	7,000	14,469
	9,740	22,318

Debtors: amounts falling due within one year

	2025 £	2024 £
Trade Debtors	19,715	21,922
Other Debtors	25,696	26,167
	45,411	48,089

Debtors: amounts falling due after one year

	2025 £	2024 £
Other Debtors	273,944	251,539
Directors' Loan Accounts	0	52,610
	273,944	304,149

Other Debtors
The company made a loan of £150,000 at the end of November 2018 to a property company Glenmore Systems Ltd charged at 3.75% - a commercial rate of interest - is contractually binding and will be reviewed annually. Balance at 30th November 2025 was £273,944 (2024 £251,539)

Creditors: amount falling due within one year

	2025 £	2024 £
Trade Creditors	77,397	116,978
Bank Loans & Overdrafts	66,385	58,650
Corporation Tax	69,166	48,227
PAYE & Social Security	38,374	37,719
Other Creditors	0	(1)
Obligations under HP/Financial Leases	34,625	40,365
Net Wages Control	23,587	0
	309,534	301,938

10.

Creditors: amount falling due after more than one year

	2025 £	2024 £
Bank Loans & Overdrafts	20,259	106,202
Other Creditors	29,855	64,650
Obligations Under HP/Financial Leases	11,022	50,182
Directors' Loan Accounts	2,087	0
	63,223	221,034

11.

Provisions for liabilities

	2025 £	2024 £
Deferred Tax	21,684	23,340
Pension Provisions	1,037	1,019
	22,721	24,359

12.

Share Capital

Authorised
100 Class A shares of £1.00 each

Allotted, called up and fully paid	2025 £		2024 £
100 Class A shares of £1.00 each	100		100
	100		100

13.	Ultimate Controlling Party The ultimate controlling party is Dr Rachael Gill-Randall

Registered Number: 06420858
England and Wales
DEVON PLACE LIMITED

Unaudited Financial Statements

Period of accounts Start date: 01 December 2024 End date: 30 November 2025