Duke Street Estates Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 02431965

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Investments	4		3,750		3,750

			3,750		3,750
CURRENT ASSETS
Stocks	5	991,596		991,596
Debtors		926,633		944,656
Cash at bank and in hand		11,983		40,766

		1,930,212		1,977,018
Creditors: Amounts Falling Due Within One Year		(320,167 )		(294,802 )

NET CURRENT ASSETS (LIABILITIES)			1,610,045		1,682,216

TOTAL ASSETS LESS CURRENT LIABILITIES			1,613,795		1,685,966

Creditors: Amounts Falling Due After More Than One Year			(1,090,859 )		(1,110,859 )

NET ASSETS			522,936		575,107

CAPITAL AND RESERVES
Called up share capital	6		375,000		375,000
Profit and Loss Account			147,936		200,107

SHAREHOLDERS' FUNDS			522,936		575,107

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Duke Street Estates Limited

Balance Sheet (continued)

As At 31 December 2024

For the year ending 31 December 2024 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 in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Guy Wilson

Director

31/03/2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Duke Street Estates Limited is a private company, limited by shares, incorporated in Red House Farm, Manston Court Road, Margate, Kent, CT9 4LE,E registered number 02431965 . The registered office is Red House Farm, Manston Court Road, Margate, Kent, CT9 4LE.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is gross rents receivable

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	Shown at cost
Leasehold	Shown at cost
Plant & Machinery	Straight Line
Motor Vehicles	Straight Line
Fixtures & Fittings	Strait Line
Computer Equipment	Straight Line

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value.

3. Average Number of Employees

Average number of employees, including directors, during the year was:

	2024	2023
Director	1	1
Company Secretary	1	1

	2	2

4. Investments

	Listed
	£
Cost
As at 1 January 2024	3,750

As at 31 December 2024	3,750

Provision
As at 1 January 2024	-

As at 31 December 2024	-

Net Book Value
As at 31 December 2024	3,750

As at 1 January 2024	3,750

Investments consisted of shares in Public Limited Companies quoted on the London Stock market and shown at cost

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Duke Street Estates Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

5. Stocks

	2024	2023
	£	£
Stock of Properties	991,596	991,596

Stocks consisted of four properties shown below with approximate values:-

234 St John's Road, Tunbridge Wells £600,000

9 Abbots Lodge, Eastbourne £250,000

87 Trinity Square, Margate £500,000

90a and 90b Sherwood Road, Tunbridge Wells £500,000

Total £1,800,000

6. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	375,000	375,000

7. Ultimate Parent Undertaking and Controlling Party

The company's ultimate controlling party is by virtue of his ownership of 100% of the issued share capital in the company is R.C.H. Holdings Limited

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