Company registration number 10781984 (England and Wales)
DECOY DESIGN LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025
PAGES FOR FILING WITH REGISTRAR
DECOY DESIGN LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
DECOY DESIGN LIMITED
BALANCE SHEET
AS AT
31 MAY 2025
31 May 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Investment property
3
1,585,916
1,585,916
Current assets
Debtors
4
242
231
Cash at bank and in hand
145,924
78,031
146,166
78,262
Creditors: amounts falling due within one year
5
(876,483)
(931,803)
Net current liabilities
(730,317)
(853,541)
Net assets
855,599
732,375
Capital and reserves
Called up share capital
6
108
108
Profit and loss reserves
855,491
732,267
Total equity
855,599
732,375

For the financial year ended 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 21 August 2025
Mr I Biddle
Director
Company registration number 10781984 (England and Wales)
DECOY DESIGN LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025
- 2 -
1
Accounting policies
Company information

Decoy Design Limited is a private company limited by shares incorporated in England and Wales. The registered office is Decoy Bank, White Rose Way, Doncaster, United Kingdom, DN4 5JD.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include investment properties at fair value. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents rent receivable.

1.3
Investment properties

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

DECOY DESIGN LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
1
Accounting policies
(Continued)
- 3 -
Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.6
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.7
Taxation

The tax expense represents the sum of the tax currently payable.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was as follows:

2025
2024
Number
Number
Total
1
1
DECOY DESIGN LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
- 4 -
3
Investment property
2025
£
Fair value
At 1 June 2024 and 31 May 2025
1,585,916

The fair value of the property has been arrived at by a valuation by the director. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties. The original cost of the investment property was £1,585,916.

4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
242
231
5
Creditors: amounts falling due within one year
2025
2024
£
£
Corporation tax
35,909
41,862
Other creditors
840,574
889,941
876,483
931,803

Included in other creditors are loans due to the director of £819,722 (2024: £869,722). The loan is unsecured, interest free and repayable on demand.

6
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
A Ordinary Shares of £1 each
12
12
12
12
B1 Ordinary Shares of £1 each
12
12
12
12
B2 Ordinary Shares of £1 each
12
12
12
12
B3 Ordinary Shares of £1 each
12
12
12
12
B4 Ordinary Shares of £1 each
12
12
12
12
B5 Ordinary Shares of £1 each
12
12
12
12
C1 Ordinary Shares of £1 each
12
12
12
12
C2 Ordinary Shares of £1 each
12
12
12
12
C3 Ordinary Shares of £1 each
12
12
12
12
108
108
108
108
DECOY DESIGN LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
6
Called up share capital
(Continued)
- 5 -

The A Ordinary shares have the rights to vote and are not entitled to receive any dividends. Upon distribution (including winding up), up to the maximum amount paid on the A Ordinary shares (nominal value and any share premium) they have capital rights behind the C1, C2 and C3 Ordinary shares.

 

The B1, B2, B3, B4 and B5 Ordinary shares do not have the rights to vote and are entitled to receive a dividend. Upon distribution (including winding up), up to the maximum amount paid on that class of Ordinary share (nominal value and any share premium) they have capital rights behind the C1, C2 and C3 Ordinary shares.

 

The C1, C2 and C3 Ordinary shares do not have the rights to vote and are not entitled to receive any dividends. Upon distribution (including winding up), up to the maximum amount paid on that class of Ordinary shares (nominal value and any share premium) they have capital rights ahead of the A, B1, B2, B3, B4, and B5 Ordinary shares. They also have the right to participate in the balance available for distribution, including on unwinding after the capital rights of the A, B1, B2, B3, B4 and B5 Ordinary shares have been satisfied.

 

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