REGISTERED NUMBER: 01614539 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

DULWICH STORAGE COMPANY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

A T Hanton

SECRETARY:

B J Hanton

REGISTERED OFFICE:

35 Giant Arches Road

London

SE24 9HP

REGISTERED NUMBER:

01614539 (England and Wales)

ACCOUNTANTS:

Peter Jarman LLP

trading as

Peter Jarman & Company

St James' Hall

Mill Road

Lancing

West Sussex

BN15 0PT

FIXED ASSETS

Tangible assets

4

3,298,039

3,458,265

Investments

5

676,375

676,375

3,974,414

4,134,640

CURRENT ASSETS

Stocks

89,497

212,038

Debtors

6

216,958

1,297,663

Investments

7

8,347,775

5,319,237

Cash at bank

71,888

15,857

8,726,118

6,844,795

CREDITORS

Amounts falling due within one year

8

(1,034,097

)

(1,094,919

)

NET CURRENT ASSETS

7,692,021

5,749,876

TOTAL ASSETS LESS CURRENT LIABILITIES

11,666,435

9,884,516

PROVISIONS FOR LIABILITIES

(952,761

)

(648,634

)

NET ASSETS

10,713,674

9,235,882

CAPITAL AND RESERVES

Called up share capital

100

100

Capital reserve

32,208

32,208

Fair value reserve

9

1,376,662

396,726

Retained earnings

9,304,704

8,806,848

SHAREHOLDERS' FUNDS

10,713,674

9,235,882

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 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 director and authorised for issue on 18 September 2025 and were signed by:

A T Hanton - Director

1.	STATUTORY INFORMATION

Dulwich Storage Company 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 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.

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.

Land and buildings

-

25% on cost

Plant and machinery etc

-

20% on reducing balance

The company's land and buildings assets consists entirely of land which has not been depreciated.

Investments in associates

Investments in associate undertakings are recognised at cost.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Investments

The company trades in investments and the investments are shown as current assets at market value.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2024

3,393,490

489,466

3,882,956

Additions

-

54,376

54,376

Disposals

(186,360

)

-

(186,360

)

At 31 December 2024

3,207,130

543,842

3,750,972

DEPRECIATION

At 1 January 2024

-

424,691

424,691

Charge for year

-

28,242

28,242

At 31 December 2024

-

452,933

452,933

NET BOOK VALUE

At 31 December 2024

3,207,130

90,909

3,298,039

At 31 December 2023

3,393,490

64,775

3,458,265

5.	FIXED ASSET INVESTMENTS

Interest

in

associate

£

COST

At 1 January 2024

and 31 December 2024

676,375

NET BOOK VALUE

At 31 December 2024

676,375

At 31 December 2023

676,375

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Other debtors

216,958

1,297,663

7.	CURRENT ASSET INVESTMENTS

2024

2023

£

£

Listed investments

8,347,775

5,319,237

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Taxation and social security

10,603

307,929

Other creditors

1,023,494

786,990

1,034,097

1,094,919

9.

RESERVES

Fair

value

reserve

£

At 1 January 2024

396,726

Movements in the year

979,936

At 31 December 2024

1,376,662

10.	RELATED PARTY DISCLOSURES

During the year, the company received a loan of £1,000,000 from Woodland Investment Management Limited. This amount is still outstanding as at the year end.

In the previous year, there was a loan of £1,000,000 to Woodland Investment Management Limited from the company.

A T Hanton, the company's director is also a director and controlling shareholder in Woodland Investment Management Limited.

During the previous year the company received a transfer of an interest in an associate from Giant Games Limited. The transfer of 300,000 shares in PLACR Limited took place on 13 September 2021 at a cost of £676,375. The company now holds 28.85 % of the shareholding of PLACR Limited.

The loan outstanding from PLACR Limited to the company is at £216,958 (2023:£297,663) as at the year end. The interest accrued in the year on this loan amounts to £19,295 (2023:£27,656).