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REGISTERED NUMBER: 03644682 (England and Wales)











Financial Statements for the Year Ended 30 September 2024

for

D R Properties Limited

D R Properties Limited (Registered number: 03644682)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


D R Properties Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: M N Pangborn
D K Smithies
Miss C E Watts





REGISTERED OFFICE: Mill Farm, Station Road
Flax Bourton
Bristol
Avon
BS48 1NG





REGISTERED NUMBER: 03644682 (England and Wales)





ACCOUNTANTS: Peter Mossman Consultants Limited
87 High Street
Hanham
Bristol
BS15 3QG

D R Properties Limited (Registered number: 03644682)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 3 14,784,814 14,036,574

CURRENT ASSETS
Debtors 4 745,621 655,162
Cash at bank 48,368 318,347
793,989 973,509
CREDITORS
Amounts falling due within one year 5 4,338,364 3,914,950
NET CURRENT LIABILITIES (3,544,375 ) (2,941,441 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

11,240,439

11,095,133

CREDITORS
Amounts falling due after more than one
year

6

(4,359,940

)

(4,359,940

)

PROVISIONS FOR LIABILITIES (1,192,439 ) (1,192,439 )
NET ASSETS 5,688,060 5,542,754

CAPITAL AND RESERVES
Called up share capital 1,002 1,002
Revaluation reserve 7 5,602,053 5,417,053
Retained earnings 85,005 124,699
5,688,060 5,542,754

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 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.

D R Properties Limited (Registered number: 03644682)

Balance Sheet - continued
30 September 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 and authorised for issue on 26 June 2025 and were signed on its behalf by:





Miss C E Watts - Director


D R Properties Limited (Registered number: 03644682)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

D R Properties Limited (Registered number: 03644682)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

3. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 October 2023 14,034,767 74,628 14,109,395
Additions 563,692 - 563,692
Revaluations 185,000 - 185,000
At 30 September 2024 14,783,459 74,628 14,858,087
DEPRECIATION
At 1 October 2023 - 72,821 72,821
Charge for year - 452 452
At 30 September 2024 - 73,273 73,273
NET BOOK VALUE
At 30 September 2024 14,783,459 1,355 14,784,814
At 30 September 2023 14,034,767 1,807 14,036,574

Included in cost or valuation of land and buildings is freehold land of £ 14,783,459 (2023 - £ 14,034,767 ) which is not depreciated.

Cost or valuation at 30 September 2024 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2024 5,779,770 - 5,779,770
Cost 9,003,689 74,628 9,078,317
14,783,459 74,628 14,858,087

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

30.9.24 30.9.23
£    £   
Cost 9,003,689 8,439,998

Value of land in freehold land and buildings 2,904,215 2,904,215

Freehold land and buildings were valued on an open market basis basis on 30 September 2024 by the directors .

D R Properties Limited (Registered number: 03644682)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 548,418 435,084
Amounts owed by participating interests 79,662 123,328
Other debtors 117,541 96,750
745,621 655,162

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade creditors 352,863 156,735
Amounts owed to group undertakings 2,990,316 2,991,016
Amounts owed to participating interests - 45,000
Taxation and social security 16,957 42,954
Other creditors 978,228 679,245
4,338,364 3,914,950

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Bank loans 4,359,940 4,359,940

7. RESERVES
Revaluation
reserve
£   
At 1 October 2023 5,417,053
Revaluation of properties 185,000

At 30 September 2024 5,602,053