REGISTERED NUMBER: 02119958 (England and Wales)

DAKASAL PROPERTIES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

to

5

DIRECTORS:

M J Hobbs

Mrs V C Hobbs

D A Hobbs

SECRETARY:

M J Hobbs

REGISTERED OFFICE:

14 London Road

Newark

Nottinghamshire

NG24 1TW

REGISTERED NUMBER:

02119958 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

14 London Road

Newark

Nottinghamshire

NG24 1TW

FIXED ASSETS

Property, plant and equipment

4

1,077

977

Investment property

5

4,277,298

4,162,098

4,278,375

4,163,075

CURRENT ASSETS

Debtors

6

154,178

24,769

Cash at bank

123,413

176,896

277,591

201,665

CREDITORS

Amounts falling due within one year

7

199,535

160,103

NET CURRENT ASSETS

78,056

41,562

TOTAL ASSETS LESS CURRENT LIABILITIES

4,356,431

4,204,637

CREDITORS

Amounts falling due after more than one year

8

(600,000

)

(600,000

)

PROVISIONS FOR LIABILITIES

(133,226

)

(115,270

)

NET ASSETS

3,623,205

3,489,367

CAPITAL AND RESERVES

Called up share capital

9

100

100

Fair value reserve

10

69,516

43,011

Retained earnings

3,553,589

3,446,256

SHAREHOLDERS' FUNDS

3,623,205

3,489,367

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2025 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 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 16 September 2025 and were signed on its behalf by:

D A Hobbs - Director

1.	STATUTORY INFORMATION

Dakasal Properties 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 as modified by the revaluation of certain assets.

Revenue

Revenue represents rental income receivable from property letting. Income is recognised on a receivables basis.

Property plant and equipment

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance and 10% on cost

Property, plant and equipment are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changed in fair value is recognised in profit or loss.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Plant and

machinery

etc

£

COST

At 1 July 2024

3,556

Additions

459

At 30 June 2025

4,015

DEPRECIATION

At 1 July 2024

2,579

Charge for year

359

At 30 June 2025

2,938

NET BOOK VALUE

At 30 June 2025

1,077

At 30 June 2024

977

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 July 2024

4,162,098

Additions

121,812

Disposals

(79,800

)

Revaluations

73,188

At 30 June 2025

4,277,298

NET BOOK VALUE

At 30 June 2025

4,277,298

At 30 June 2024

4,162,098

The directors carried out the property valuation having regard to the market based evidence for similar properties sold in the local area, subject to occupational leases as appropriate.

Fair value at 30 June 2025 is represented by:

£

Valuation in 2016

(342,834

)

Valuation in 2017

5,017

Valuation in 2018

192,436

Valuation in 2019

(132,242

)

Valuation in 2020

(3,359

)

Valuation in 2021

2,106

Valuation in 2022

(103,762

)

Valuation in 2023

489,952

Valuation in 2024

50,723

Valuation in 2025

44,436

Cost

4,074,825

4,277,298

6.

DEBTORS

2025

2024

£

£

Amounts falling due within one year:

Trade debtors

21,798

11,866

Other debtors

7,380

12,903

29,178

24,769

Amounts falling due after more than one year:

Other debtors

125,000

-

Aggregate amounts

154,178

24,769

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

29,169

21,354

Taxation and social security

83,131

64,082

Other creditors

87,235

74,667

199,535

160,103

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other creditors

600,000

600,000

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

1

100

100

10.

RESERVES

Fair

value

reserve

£

At 1 July 2024

43,011

Realised reval'n to P&L acc

(28,752

)

Investment property reval'n

73,188

Deferred tax

(17,931

)

At 30 June 2025

69,516

The aggregate surplus on re-measurement of investment properties, net of associated deferred tax, is transferred to a separate non-distributable revaluation reserve in order to assist with the identification of profits available for distribution.