REGISTERED NUMBER: 00916832 (England and Wales)

H.S.DEV & COMPANY LIMITED

Unaudited Financial Statements

for the Period

1 November 2024 to 30 October 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Directors:

M S Dev

A S Dev

Secretary:

M S Dev

Registered office:

89 Park Street

Slough

Berkshire

SL1 1PX

Registered number:

00916832 (England and Wales)

Accountants:

Cooper Parry Advisory Limited

Broadwalk House, 5th Floor

5 Appold Street

Broadgate

London

EC2A 2AG

Fixed assets

Tangible assets

4

20,204

26,939

Investment property

5

900,000

900,000

920,204

926,939

Current assets

Debtors

6

151,106

132,413

Cash at bank

50,761

164,993

201,867

297,406

Creditors

Amounts falling due within one year

7

(1,970,012

)

(2,030,490

)

Net current liabilities

(1,768,145

)

(1,733,084

)

Total assets less current liabilities

(847,941

)

(806,145

)

Creditors

Amounts falling due after more than one year

8

(27,434

)

(33,078

)

Provisions for liabilities

-

(4,318

)

Net liabilities

(875,375

)

(843,541

)

Capital and reserves

Called up share capital

9

5,000

5,000

Capital redemption reserve

10

5,000

5,000

Retained earnings

10

(885,375

)

(853,541

)

Shareholders' funds

(875,375

)

(843,541

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 October 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 October 2025 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 23 October 2026 and were signed on its behalf by:

A S Dev - Director

M S Dev - Director

1.	Statutory information

H.S.Dev & Company 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.

Significant judgements and estimates

Preparation of the financial statements requires management to make significant judgements and estimates in determining the carrying amounts of certain assets and liabilities. Management makes assumptions of the effects of uncertain future events on those assets and liabilities at the balance sheet date. The management's estimates and assumptions are based on historical experience and expectation of future events and are reviewed periodically. This disclosure excludes uncertainty over future events and judgement in respect of measuring financial instruments.

Turnover

Turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

Tangible fixed assets and depreciation

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

Plant & Machinery

-

25% reducing balance

Motor vehicles

-

25% reducing balance

Fixtures and fittings

-

25% reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the profit or loss.

Financial instruments

Preparation of the financial statements requires management to make significant judgements and estimates in determining the carrying amounts of certain assets and liabilities. Management makes assumptions of the effects of uncertain future events on those assets and liabilities at the balance sheet date. The management's estimates and assumptions are based on historical experience and expectation of future events and are reviewed periodically. This disclosure excludes uncertainty over future events and judgement in respect of measuring financial instruments.

Areas in the accounts which include judgements and estimates include:

Bad debt provision: There is estimation uncertainty in calculating bad debt provisions. A full line by line review of trade debtors is carried out at the end of each month. Whilst every attempt is made to ensure the bad debt provisions are as accurate as possible, there remains a risk that the provisions do not match the level of debts which ultimately prove to be uncollectable.

Depreciation: The company's tangible assets are depreciated on a reducing balance basis over their useful economic lives. Management reviews the appropriateness of assets' useful economic lives at least annually and any changes could affect prospective depreciation rates and asset carrying values.

Taxation

Taxation for the period 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 period 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.

Going concern

The company meets its day to day working capital requirements, through its ongoing overdraft facility and support of directors. On the basis of forecast future cashflows and the expected future trading of the company in the foreseeable future, the directors consider that the company will continue to operate within the facility currently agreed. However the margin of facilities over requirement is not large and inherently, there can be no certainty in relation to these matters. The financial statements do not include any adjustments that would result in a withdrawal of the overdraft facility.

3.	Employees and directors

The average number of employees during the period was 6 (2024 - 6 ) .

4.	Tangible fixed assets

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

Cost

At 1 November 2024

and 30 October 2025

385,886

15,398

401,284

Depreciation

At 1 November 2024

358,947

15,398

374,345

Charge for period

6,735

-

6,735

At 30 October 2025

365,682

15,398

381,080

Net book value

At 30 October 2025

20,204

-

20,204

At 31 October 2024

26,939

-

26,939

5.	Investment property

Total

£

Fair value

At 1 November 2024

and 30 October 2025

900,000

Net book value

At 30 October 2025

900,000

At 31 October 2024

900,000

6.

Debtors: amounts falling due within one year

2025

2024

£

£

Trade debtors

151,106

132,413

7.

Creditors: amounts falling due within one year

2025

2024

£

£

Trade creditors

11,850

21,035

Taxation and social security

2,804

12,212

Other creditors

1,955,358

1,997,243

1,970,012

2,030,490

Both the bank overdraft and bank loan are secured by floating charge over the stock of the company and a fixed charge over the property of the company. The directors have also provided security for the loans in their personal capacity.

8.

Creditors: amounts falling due after more than one year

2025

2024

£

£

Other creditors

27,434

33,078

Amounts falling due in more than five years:

Repayable by instalments

Other loans more 5yrs instal

6,247

11,891

9.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

5,000

Ordinary Shares

£1

5,000

5,000

10.

Reserves

Capital

Retained

redemption

earnings

reserve

Totals

£

£

£

At 1 November 2024

(853,541

)

5,000

(848,541

)

Deficit for the period

(31,834

)

(31,834

)

At 30 October 2025

(885,375

)

5,000

(880,375

)

11.	Directors' advances, credits and guarantees

At the year end £1,886,952 (2024: £1,928,787) was due to the directors and close family.

12.	Post balance sheet events

Investment Property

Subsequent to the year end, the company entered into a contract for the sale of its investment property located at 89 Park Street, Slough. The sale is for a consideration of £ 855,000.

The transaction relates to conditions arising after the reporting date and therefore has not resulted in any adjustment to the carrying value of the investment property included in these financial statements. At the balance sheet date the property was included within investment properties at a carrying value of £900,000.