Dev Investments Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 08319178 (England and Wales)

Financial Statements for the Year Ended 31 March 2017

for

Dev Investments Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Dr P Aggarwal

A Aggarwal

REGISTERED OFFICE:

31 Longford Gardens

Hayes

Middlesex

UB4 0JW

REGISTERED NUMBER:

08319178 (England and Wales)

ACCOUNTANTS:

Bhatti Financial Services Limited

Financial Accountant

193 Norwood Raod

Thornton Heath

Surrey

CR7 8HX

FIXED ASSETS

Tangible assets

4

2,019

1,458

Investment property

5

569,805

547,042

571,824

548,500

CURRENT ASSETS

Debtors

140,176

-

Cash at bank

9,638

93,375

149,814

93,375

CREDITORS

Amounts falling due within one year

47,626

39,155

NET CURRENT ASSETS

102,188

54,220

TOTAL ASSETS LESS CURRENT LIABILITIES

674,012

602,720

CREDITORS

Amounts falling due after more than one year

623,041

573,041

NET ASSETS

50,971

29,679

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

50,871

29,579

SHAREHOLDERS' FUNDS

50,971

29,679

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2017 in accordance with Section 444(2A) of the Companies Act 2006.

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 on 7 December 2017 and were signed on its behalf by:

Dr P Aggarwal - Director

1.	STATUTORY INFORMATION

Dev Investments 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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.

Fixtures, fittings & equipment

-

20% on 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 profit or loss.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2016

2,200

Additions

1,185

At 31 March 2017

3,385

DEPRECIATION

At 1 April 2016

742

Charge for year

624

At 31 March 2017

1,366

NET BOOK VALUE

At 31 March 2017

2,019

At 31 March 2016

1,458

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2016

547,042

Additions

22,763

At 31 March 2017

569,805

NET BOOK VALUE

At 31 March 2017

569,805

At 31 March 2016

547,042

6.	RELATED PARTY DISCLOSURES

During the year company paid dividend to its director Mr. A Aggarwal of £5,000 (2016: £8,000).

7.	ULTIMATE CONTROLLING PARTY

Ultimate controlling parties are its directors.