REGISTERED NUMBER: SC262182 (Scotland)

Financial Statements

for the Year Ended 31 December 2025

for

Devar Holdings Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

B Devine

REGISTERED OFFICE:

Radleigh House

1 Golf Road

Clarkston

Glasgow

G76 7HU

REGISTERED NUMBER:

SC262182 (Scotland)

ACCOUNTANTS:

O'Haras Chartered Accountants

Radleigh House

1 Golf Road

Clarkston

Glasgow

G76 7HU

FIXED ASSETS

Property, plant and equipment

3

61,109

46,242

Investments

4

6

6

61,115

46,248

CURRENT ASSETS

Debtors

5

900,403

609,135

Cash at bank and in hand

482,968

764,516

1,383,371

1,373,651

CREDITORS

Amounts falling due within one year

6

7,415

74,835

NET CURRENT ASSETS

1,375,956

1,298,816

TOTAL ASSETS LESS CURRENT LIABILITIES

1,437,071

1,345,064

CREDITORS

Amounts falling due after more than one year

7

-

3,091

NET ASSETS

1,437,071

1,341,973

CAPITAL AND RESERVES

Called up share capital

8

2,150

2,150

Retained earnings

1,434,921

1,339,823

SHAREHOLDERS' FUNDS

1,437,071

1,341,973

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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.

The financial statements were approved by the director and authorised for issue on 24 July 2026 and were signed by:

B Devine - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Going concern

The directors are satisfied that the Company will have access to sufficient funds to ensure that all liabilities will be met as they fall due over a period of at least 12 months from the approval date of these financial statements. Consequently, the directors consider it appropriate to prepare the financial statements on a going concern basis.

Revenue

Revenue represents the amounts derived from the provision of goods and services, excluding value added tax and trade discounts.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Improvements to property

-

Straight line over 5 years

Plant and machinery

-

at varying rates on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

3.	PROPERTY, PLANT AND EQUIPMENT

Improvements

to

Plant and

property

machinery

Totals

£

£

£

COST

At 1 January 2025

6,955

137,324

144,279

Additions

-

57,617

57,617

Disposals

-

(83,859

)

(83,859

)

At 31 December 2025

6,955

111,082

118,037

DEPRECIATION

At 1 January 2025

2,424

95,613

98,037

Charge for year

1,391

19,770

21,161

Eliminated on disposal

-

(62,270

)

(62,270

)

At 31 December 2025

3,815

53,113

56,928

NET BOOK VALUE

At 31 December 2025

3,140

57,969

61,109

At 31 December 2024

4,531

41,711

46,242

4.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 January 2025

and 31 December 2025

6

NET BOOK VALUE

At 31 December 2025

6

At 31 December 2024

6

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

as restated

£

£

Amounts owed by group undertakings

663,107

577,058

Other debtors

237,296

32,077

900,403

609,135

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

as restated

£

£

Hire purchase contracts

-

5,299

Trade creditors

2,519

2,497

Amounts owed to group undertakings

-

56,091

Taxation and social security

2,375

1,886

Other creditors

2,521

9,062

7,415

74,835

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

as restated

£

£

Hire purchase contracts

-

3,091

8.	CALLED UP SHARE CAPITAL

Allotted, issues and fully paid:Number:

Class:

Nominal Value:

2021

2020

£

£

£

2,000

Ordinary

£1.00

2,000

2,000

10,000

B Shares

£0.01

100

100

1,000

C Shares

£0.01

10

10

1,000

D Shares

£0.01

10

10

1,000

E Shares

£0.01

10

10

1,000

F Shares

£0.01

10

10

1,000

G Shares

£0.01

10

10

2,150

2,150