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DMRS SERVICES LIMITED

Registered Number
10415214
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2024

DMRS SERVICES LIMITED
Company Information
for the year from 1 January 2024 to 31 December 2024

Directors

MCARDLE, David John
STOW, Richard Adam

Registered Address

Park Lane Depot Park Lane
Balne
Goole
DN14 0EP

Registered Number

10415214 (England and Wales)
DMRS SERVICES LIMITED
Statement of Financial Position
31 December 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3113,292132,304
Investment property41,049,7141,233,175
1,163,0061,365,479
Current assets
Debtors5,6246,968282,979
Cash at bank and on hand1,161,697396,945
1,408,665679,924
Creditors amounts falling due within one year7(531,860)(250,286)
Net current assets (liabilities)876,805429,638
Total assets less current liabilities2,039,8111,795,117
Creditors amounts falling due after one year8(224,679)(353,681)
Provisions for liabilities11(104,400)(98,000)
Net assets1,710,7321,343,436
Capital and reserves
Called up share capital22
Revaluation reserve289,804289,804
Profit and loss account1,420,9261,053,630
Shareholders' funds131,710,7321,343,436
The financial statements were approved and authorised for issue by the Board of Directors on 9 April 2025, and are signed on its behalf by:
MCARDLE, David John
Director
STOW, Richard Adam
Director

Registered Company No. 10415214
DMRS SERVICES LIMITED
Notes to the Financial Statements
for the year ended 31 December 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Basis of preparation
The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Defined contribution pension plan
The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. Contributions to defined contribution plans are expensed in the period to which they relate. Amounts not paid are shown in accruals in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Vehicles25
Investment property
Investment property is initially recognised at cost and subsequently carried at fair value. No depreciation is provided. Changes in fair value are recognised in the Statement of Income.
Trade and other debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Trade and other creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Financial instruments
The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
2.Average number of employees

20242023
Average number of employees during the year33
3.Tangible fixed assets

Vehicles

Total

££
Cost or valuation
At 01 January 24202,315202,315
Additions15,00015,000
At 31 December 24217,315217,315
Depreciation and impairment
At 01 January 2470,01170,011
Charge for year34,01234,012
At 31 December 24104,023104,023
Net book value
At 31 December 24113,292113,292
At 31 December 23132,304132,304
4.Investment property
On 31 December 2021 the directors valued the investment properties on an open market value for existing use basis. It is the opinion of the directors that this valuation has not materially altered at the Balance Sheet date. Had the property been measured at historical cost the amount would have been £759,910 (2023: £943,371).

£
Fair value at 01 January 241,233,175
Additions4,133
Disposals(187,594)
At 31 December 241,049,714
5.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables-4,172
Other debtors1,20034,309
Prepayments and accrued income4181,148
Total1,61839,629
6.Debtors: amounts due after one year

2024

2023

££
Other debtors245,350243,350
Total245,350243,350
7.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables-4,850
Taxation and social security309,06598,213
Other creditors219,555145,724
Accrued liabilities and deferred income3,2401,499
Total531,860250,286
8.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts224,679353,681
Total224,679353,681
9.Creditors: amounts due after 5 years
Mortgage loans to purchase investment properties outstanding at the year-end include instalments due after more than five years of £224,679 (2023: £353,681).
10.Secured creditors
Mortgage loans to purchase investment properties are secured on the relevant properties.
11.Provisions for liabilities
Provisions are made where an event has taken place that gives the company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate of the settlement can be made. The provision for deferred tax arises from the fair value revaluation of investment property and accelerated capital allowances.

2024

2023

££
Net deferred tax liability (asset)104,40098,000
Total104,40098,000
12.Directors advances, credits and guarantees
Included within other debtors, due within one year, is an amount of £Nil (2023 - £32,000) due from a director. This balance is interest free and payable on demand.
13.Revaluation reserve
The revaluation reserve represents the amount of unrealised surplus created when the investment property was revalued. The reserve represents non-distributable funds.

£
Reserve at 01 January 24289,804
At 31 December 24289,804
14.Related party transactions
The company has taken advantage of small group exemptions not to disclose arms length transactions between parent and subsidiary companies and companies under common control. At 31 December 2024 the company owed £209,555 (2023: £144,724) to a company in which the directors hold a participating interest. The loan is unsecured, interest-free and repayable on demand. At 31 December 2024 the company was owed £192,150 (2023: £192,150) by companies commonly controlled by one of the directors. The loans are unsecured, interest-free and repayable after more than one year.
15.Controlling party
The company's parent undertaking and controlling party is DMRS Holdings Limited, a company registered in England and Wales, company number 12329337. The parent company's registered office is Park Lane Depot, Balne, Goole, DN14 0EP.
16.Parent-subsidiary relationships
As part of a small group, this company is exempt from producing group accounts. These accounts are for this company alone.