REGISTERED NUMBER: 10533860 (England and Wales)

Unaudited Financial Statements

For The Year Ended 31 March 2026

for

Devon Chambers Property Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

S J Horner

J P Beal

Mrs S J Daulton

REGISTERED OFFICE:

Harscombe House

1 Darklake View

Estover

Plymouth

Devon

PL6 7TL

REGISTERED NUMBER:

10533860 (England and Wales)

ACCOUNTANTS:

TC Bromhead Limited

Harscombe House

1 Darklake View

Plymouth

Devon

PL6 7TL

FIXED ASSETS

Tangible assets

4

29,387

35,463

Investment property

5

425,000

425,000

454,387

460,463

CURRENT ASSETS

Cash at bank

2,921

2,978

CREDITORS

Amounts falling due within one year

6

37,378

43,891

NET CURRENT LIABILITIES

(34,457

)

(40,913

)

TOTAL ASSETS LESS CURRENT LIABILITIES

419,930

419,550

CREDITORS

Amounts falling due after more than one year

7

111,517

128,916

NET ASSETS

308,413

290,634

CAPITAL AND RESERVES

Called up share capital

142,500

140,000

Share premium

9

2,000

-

Capital redemption reserve

9

10,000

10,000

Fair value reserve

9

58,217

58,217

Retained earnings

9

95,696

82,417

SHAREHOLDERS' FUNDS

308,413

290,634

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 18 October 2026 and were signed on its behalf by:

J P Beal - Director

1.	STATUTORY INFORMATION

Devon Chambers Property Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	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 as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Plant and machinery etc

-

15% on reducing balance

The car park is depreciated over the period of the lease.

Investment property

Investment property, which is property held to earn rentals and/or capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in the profit and loss account.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2025 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2025

and 31 March 2026

32,000

42,794

74,794

DEPRECIATION

At 1 April 2025

8,198

31,133

39,331

Charge for year

4,327

1,749

6,076

At 31 March 2026

12,525

32,882

45,407

NET BOOK VALUE

At 31 March 2026

19,475

9,912

29,387

At 31 March 2025

23,802

11,661

35,463

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2025

and 31 March 2026

425,000

NET BOOK VALUE

At 31 March 2026

425,000

At 31 March 2025

425,000

Fair value at 31 March 2026 is represented by:

£

Valuation in 2025

58,217

Cost

366,783

425,000

The original cost of the property was £366,783.

Investment property comprises freehold property. The fair value of the investment property has been arrived at on the basis of a valuation carried out as at 31 March 2026 by the directors of Devon Chambers Property Limited who have sufficient experience and knowledge in this area. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Taxation and social security

4,559

5,428

Other creditors

32,819

38,463

37,378

43,891

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.26

31.3.25

£

£

Other creditors

111,517

128,916

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.26

31.3.25

£

£

Bank loan

119,599

133,879

The bank loan is secured against the company's investment property.

9.

RESERVES

Capital

Fair

Retained

Share

redemption

value

earnings

premium

reserve

reserve

Totals

£

£

£

£

£

At 1 April 2025

82,417

-

10,000

58,217

150,634

Profit for the year

13,279

13,279

Cash share issue

-

2,000

-

-

2,000

At 31 March 2026

95,696

2,000

10,000

58,217

165,913

During the year an additional 2,500 ordinary shares of £1 each were issued. The difference between the nominal value and amount paid has been credited to the share premium account.