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COMPANY REGISTRATION NUMBER: 08973339

Direct Engineering Property Limited

Filleted Unaudited Abridged Financial Statements

31 January 2025

Direct Engineering Property Limited

Abridged Financial Statements

Year Ended 31 January 2025

Contents | Page

Abridged statement of financial position | 1

Notes to the abridged financial statements | 3

Direct Engineering Property Limited

Abridged Statement of Financial Position

31 January 2025

| 2025 | 2024
Note | £ | £ | £

Fixed Assets

Investments | 5 |  | 1,426,500 | 1,220,000

Current Assets

Cash at bank and in hand | 11,213 |  | 27,441

Creditors: amounts falling due within one year | 419,554 |  | 517,702
| --------- |  | ---------
Net Current Liabilities |  | 408,341 | 490,261
|  | ------------ | ------------
Total Assets Less Current Liabilities |  | 1,018,159 | 729,739

Provisions |  | 158,710 | 101,945
|  | ------------ | ---------
Net Assets |  | 859,449 | 627,794
|  | ------------ | ---------

Capital and Reserves

Called up share capital | 7 |  | 2 | 2
Profit and loss account | 8 |  | 859,447 | 627,792
|  | --------- | ---------
Shareholders Funds |  | 859,449 | 627,794
|  | --------- | ---------

These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the abridged statement of income and retained earnings has not been delivered.
For the year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements .
All of the members have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the year ending 31 January 2025 in accordance with Section 444(2A) of the Companies Act 2006.

Direct Engineering Property Limited

Abridged Statement of Financial Position (continued)

31 January 2025
These abridged financial statements were approved by the board of directors and authorised for issue on 28 August 2025 , and are signed on behalf of the board by:

Mrs L Woolley
Director

Company registration number: 08973339

Direct Engineering Property Limited

Notes to the Abridged Financial Statements

Year Ended 31 January 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 1-4 Highlands Place, Foxwood Road, Sheepbridge, Chesterfield, S41 9RN.
2. Statement of compliance
These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Employee numbers
The average number of persons employed by the company during the period was 2 (2024: 2).
4. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis as modified by investment properties measured at fair value through profit or loss.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents rental income earned during the period, stated net of discounts and of Value Added Tax.
Income tax
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax. Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.
Investment property
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure.
Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset.
Financial instruments
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.
5. Investments

| £
Cost |
At 1 February 2024 | 1,220,000
Revaluations | 206,500
| ------------
At 31 January 2025 | 1,426,500
| ------------
Impairment |
At 1 February 2024 and 31 January 2025 | –
| ------------
Carrying amount |
At 31 January 2025 | 1,426,500
| ------------
At 31 January 2024 | 1,220,000
| ------------

6. Revaluation of investment property
During the year, the investment property was revalued to £1,426,500.
The valuation was carried out by Andrew Terry M.Sc (Real Estate), LLB (HONS), MNAEA, DEA Graduate Surveyor, employed by Bothams Mitchell Slaney, a professional valuation firm who have experience in the location and class of property
The valuation is based upon market value as defined by RICS.
7. Called up share capital
Issued, called up and fully paid

| 2025 | 2024
| No. | £ | No. | £
Ordinary shares of £ 1 each | 2 | 2 | 2 | 2
| ---- | ---- | ---- | ----

8. Reserves
Called up share capital represents the nominal value of shares that have been issued. The profit and loss account reserve reflects retained earnings and accumulated losses and includes £364,970 (2024: £215,235) of non-distributable reserves.