Devon House Estates Limited - Accounts

DEVON HOUSE ESTATES LIMITED - Company Information

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Registered Number: 03659394

England and Wales

DEVON HOUSE ESTATES LIMITED

Filleted Unaudited Financial Statements

Period of accounts

Start date: 01 November 2019

End date: 31 October 2020

Devon House Estates Limited
Contents Page
For the year ended 31 October 2020

Company information	1
Directors' report	2
Accountants' report	3
Statement of financial position	4
Notes to the financial statements	5
Statement of changes in equity	6

Devon House Estates Limited
Company Information
For the year ended 31 October 2020

Directors	Laurence Trackman Judith Trackman
Registered Number	03659394
Registered Office	120B Pembroke Road Clifton Bristol BS8 3ER
Accountants	Bond & Co Chartered Certified Accountants 66 Gloucester Road Bishopston Bristol BS7 8BH

Devon House Estates Limited
Directors' Report
For the year ended 31 October 2020

The directors present their annual report and the financial statements for the year ended 31 October 2020

Principal activities

Principal activity of the company during the financial year was that of property lettings.

Directors
The directors who served the company throughout the year were as follows:

Laurence Trackman

Judith Trackman

Statement of directors' responsibilities

The directors are responsible for preparing the directors report and the financial statements in accordance with applicable law and regulation.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to

select suitable accounting policies and then apply them consistently
make judgments and accounting estimates that are reasonable and prudent
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business

The directors are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The directors are responsible for the maintenance and integrity of the corporate and financial information. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

This report was approved by the board and signed on its behalf by:

----------------------------------
Laurence Trackman
Director

Date approved: 12 April 2021

Devon House Estates Limited Accountants' Report For the year ended 31 October 2020
Report to the directors on the preparation of the unaudited statutory accounts of Devon House Estates Limited for the year ended 31 October 2020 In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Devon House Estates Limited for the year ended 31 October 2020 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company’s accounting records and from information and explanations you have given us As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com/ This report is made solely to the Board of Directors of Devon House Estates Limited , as a body, in accordance with the terms of our engagement letter dated 13 January 2020 Our work has been undertaken solely to prepare for your approval the accounts of Devon House Estates Limited and state those matters that we have agreed to state to the Board of Directors of Devon House Estates Limited , as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Devon House Estates Limited and its Board of Directors as a body for our work or for this report. It is your duty to ensure that Devon House Estates Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Devon House Estates Limited . You consider that Devon House Estates Limited is exempt from the statutory audit requirement for the year We have not been instructed to carry out an audit or a review of the accounts of Devon House Estates Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts 31 October 2020 .................................................... Bond & Co Chartered Certified Accountants 66 Gloucester Road Bishopston Bristol BS7 8BH 12 April 2021 3

Devon House Estates Limited
Accountants' Report
For the year ended 31 October 2020

Report to the directors on the preparation of the unaudited statutory accounts of Devon House Estates Limited for the year ended 31 October 2020
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Devon House Estates Limited for the year ended 31 October 2020 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company’s accounting records and from information and explanations you have given us
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/
This report is made solely to the Board of Directors of Devon House Estates Limited , as a body, in accordance with the terms of our engagement letter dated 13 January 2020 Our work has been undertaken solely to prepare for your approval the accounts of Devon House Estates Limited and state those matters that we have agreed to state to the Board of Directors of Devon House Estates Limited , as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Devon House Estates Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Devon House Estates Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Devon House Estates Limited . You consider that Devon House Estates Limited is exempt from the statutory audit requirement for the year
We have not been instructed to carry out an audit or a review of the accounts of Devon House Estates Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts
31 October 2020

....................................................
Bond & Co Chartered Certified Accountants
66 Gloucester Road
Bishopston
Bristol
BS7 8BH
12 April 2021

Devon House Estates Limited
Statement of Financial Position
As at 31 October 2020

	Notes	2020 £	2019 £
Fixed assets
Tangible fixed assets	2	625,000	625,239
		625,000	625,239
Current assets
Cash at bank and in hand		4,154	1,431
Creditors: amount falling due within one year	3	(3,635)	(5,941)
Net current assets		519	(4,510)

Total assets less current liabilities		625,519	620,729
Creditors: amount falling due after more than one year	4	(429,579)	(429,579)
Net assets		195,940	191,150

Capital and reserves
Called up share capital		100	100
Reserves	5	75,842	75,842
Profit and loss account		119,998	115,208
Shareholders funds		195,940	191,150

For the year ended 31 October 2020 the company was entitled to exemption from audit under section 477 of the companies act 2006 relating to small companies.

Directors' 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 directors acknowledge 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 and in accordance with the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The financial statements were approved by the board of directors on 12 April 2021 and were signed on its behalf by:

--------------------------------
Laurence Trackman
Director

Devon House Estates Limited
Statement of Changes in Equity
For the year ended 31 October 2020

	Equity share capital	Revaluation reserve	Retained Earnings	Total
	£	£	£	£
At 01 November 2018	100	75,842	110,477	186,419
Profit for the year			8,731	8,731
Total comprehensive income for the year	-	-	8,731	8,731
Dividends			(4,000)	(4,000)
Total investments by and distributions to owners	-	-	(4,000)	(4,000)
At 31 October 2019	100	75,842	115,208	191,150
At 01 November 2019	100	75,842	115,208	191,150
Profit for the year			12,890	12,890
Total comprehensive income for the year	-	-	12,890	12,890
Dividends			(8,100)	(8,100)
Total investments by and distributions to owners	-	-	(8,100)	(8,100)
At 31 October 2020	100	75,842	119,998	195,940

Devon House Estates Limited
Notes to the Financial Statements
For the year ended 31 October 2020

General Information

Devon House Estates Limited is a private company, limited by shares , registered in England and Wales , registration number 03659394 , registration address 120B Pembroke Road, Clifton, Bristol, BS8 3ER.

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)

Turnover

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

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

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:

Fixtures and Fittings

25% Reducing Balance

Investment properties

Investment properties are properties held to earn rentals and/or for capital appreciation.
Investment properties should be recognised initially at cost and subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.

Tangible fixed assets

Cost or valuation	Land and Buildings	Fixtures and Fittings	Total
	£	£	£
At 01 November 2019	625,000	31,361	656,361
Additions	-	-	-
Disposals	-	-	-
At 31 October 2020	625,000	31,361	656,361
Depreciation
At 01 November 2019	-	31,122	31,122
Charge for year	-	239	239
On disposals	-	-	-
At 31 October 2020	-	31,361	31,361
Net book values
Closing balance as at 31 October 2020	625,000	-	625,000
Opening balance as at 01 November 2019	625,000	239	625,239

Creditors: amount falling due within one year

	2020 £	2019 £
Corporation Tax	3,080	1,935
Accrued Expenses	480	600
Other Creditors	(1)	0
Directors' Current Accounts	76	3,406
	3,635	5,941

Creditors: amount falling due after more than one year

	2020 £		2019 £
Bank Loans & Overdrafts (secured)	429,579		429,579
	429,579		429,579

Reserves

	2020 £		2019 £
Revaluation Reserve b/fwd	75,842		75,842
	75,842		75,842

6.	Average number of employees Average number of employees during the year was 2 (2019 : 2)