Accounts filed on 31-05-2015
Accounts filed on 31-05-2015
trueDevantier Properties Limited022500802015-05-31268835060154560604525787100100542907744750865456060452578754560604525787-4004440-49022624008712490634942724087427240879460500942804994600009427549500500Basis of accounting
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of certain fixed assets, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
The company has provided its assets as security against loans taken out by the immediate parent company, Camflats Ltd, which are in part used to finance the assets of this company. Camflats Limited's and Devantier Properties Limited's ability to continue as going concerns is reliant on these loans.The directors are continuing to negotiate the renewal of these facilities but these negotiations have not been concluded as at the time of approving these financial statements. The directors have prepared the financial statement on a going concern basis but until the negotiations have concluded with an acceptable refinance package being made available to the company there remains a a material uncertainty may cast significant doubt about the company's ability to continue as a going concern.
Turnover
The turnover shown in the profit and loss account represents rental income.
Investment properties
Investment properties are shown at their open market value. The surplus or deficit arising from the annual revaluation is transferred to the investment revaluation reserve unless a deficit or its reversal on an individual investment property is expected to be permanent, in which case it is recognised in the profit and loss account for the year.Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not
reversed at the balance sheet date where transactions or events have occurred at that date that
will result in an obligation to pay more, or a right to pay less or to receive more tax, with
the following exceptions:
Provision is made for tax on gains arising from the revaluation (and similar fair value adjustments)
of fixed assets, and gains on disposal of fixed assets that have been rolled over into replacement
assets, only to the extent that, at the balance sheet date, there is a binding agreement to dispose
of the assets concerned. However, no provision is made where, on the basis of all available
evidence at the balance sheet date, it is more likely than not that the taxable gain will be rolled
over into replacement assets and charged to tax only where the replacement assets are sold.
Deferred tax assets are recognised only to the extent that the director considers that it is more
likely than not that there will be suitable taxable profits from which the future reversal of the
underlying timing differences can be deducted.
Deferred tax is measured on an undiscounted basis at the tax rates that are expected
to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or
substantively enacted at the balance sheet date.
Fixed Assets
All fixed assets are initially recorded at cost.
94600009427549-13975491430000The land and buildings are in respect of the company's freehold investment properties which have been revalued by the director at the balance sheet date based upon open market values.
In respect of certain fixed assets stated at valuations, the comparable historical cost and depreciation values are as follows:
500500946050094280490-13975491430000
The land and buildings are in respect of the company's freehold investment properties which have been revalued by the director at the balance sheet date based upon open market values.
In respect of certain fixed assets stated at valuations, the comparable historical cost and depreciation values are as follows:
Ordinary1001100100Ordinary11001001002016-02-29Mr C R Dyasontruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureDevantier Properties Limited2014-06-012015-05-31Devantier Properties Limited2013-06-012014-05-31Devantier Properties Limited2013-05-31Devantier Properties Limited2014-05-31Devantier Properties Limited2014-05-31Devantier Properties Limited2015-05-31 2016-02-29
