Company Registration No. 04564124 (England and Wales)
DEVONO PROPERTY LIMITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED
31 DECEMBER 2014
31 December 2014
DEVONO PROPERTY LIMITED
CONTENTS
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 4
DEVONO PROPERTY LIMITED
ABBREVIATED BALANCE SHEET
AS AT 31 DECEMBER 2014
- 1 -
2014
2013
Notes
£
£
£
£
Fixed assets
Tangible assets
2
43,305
35,725
Current assets
Debtors
1,199,370
1,210,180
Cash at bank and in hand
1,668,441
1,174,408
2,867,811
2,384,588
Creditors: amounts falling due within one year
(813,253)
(814,345)
Net current assets
2,054,558
1,570,243
Total assets less current liabilities
2,097,863
1,605,968
Provisions for liabilities
(8,031)
(6,797)
2,089,832
1,599,171
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
2,089,732
1,599,071
Shareholders' funds
2,089,832
1,599,171
DEVONO PROPERTY LIMITED
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2014
- 2 -
For the financial year ended 31 December 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006. The members have not required the company to obtain an audit of these financial statements in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 of the Act and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit or loss for the 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 accounts, so far as applicable to the company.
These abbreviated accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved by the Board for issue on 14 July 2015
R J Leigh
Director
Company Registration No. 04564124
DEVONO PROPERTY LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2014
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention.
1.2
Turnover
Turnover represents amounts receivable for services net of VAT.
1.3
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Leasehold improvement
4 years straight line
Plant and machinery
33.33% Straight line
Computer equipment
33.33% Straight line
Furniture and Fixtures
25% Straight line
1.4
Leasing
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
1.5
Deferred taxation
Deferred tax is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
2
Fixed assets
Tangible assets
£
Cost
At 1 January 2014
124,954
Additions
35,323
At 31 December 2014
160,277
Depreciation
At 1 January 2014
89,229
Charge for the year
27,743
At 31 December 2014
116,972
Net book value
At 31 December 2014
43,305
At 31 December 2013
35,725
DEVONO PROPERTY LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2014
- 4 -
3
Share capital
2014
2013
£
£
Allotted, called up and fully paid
100 Ordinary 'A' shares of £1 each
100
100
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