Company No: 07916968 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	Colin Bury
	Charlotte Mortimer
	Natalie Taylor

REGISTERED OFFICE	Green Hill House
	Green Street
	Darwen
	BB3 1PP
	United Kingdom

COMPANY NUMBER

07916968 (England and Wales)

CHARTERED ACCOUNTANTS	PM+M Solutions for Business LLP
	New Century House
	Greenbank Technology Park
	Challenge Way
	Blackburn
	BB1 5QB

	Note	2024		2023
		£		£
Fixed assets
Intangible assets	3	49,332		58,498
Tangible assets	4	6,011		7,513
		55,343		66,011
Current assets
Debtors	5	57,727		29,928
Cash at bank and in hand		112,555		116,910
		170,282		146,838
Creditors: amounts falling due within one year	6	( 150,500)		( 183,002)
Net current assets/(liabilities)		19,782		(36,164)
Total assets less current liabilities		75,125		29,847
Creditors: amounts falling due after more than one year	7	( 45,496)		( 56,145)
Provision for liabilities		( 1,337)		( 1,427)
Net assets/(liabilities)		28,292		( 27,725)
Capital and reserves
Called-up share capital		100		100
Profit and loss account		28,192		( 27,825 )
Total shareholders' funds/(deficit)		28,292		( 27,725)

For the financial 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.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Discover Property Management Limited (registered number: 07916968) were approved and authorised for issue by the Board of Directors on 24 September 2025. They were signed on its behalf by:

Colin Bury Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Discover Property Management Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Green Hill House, Green Street, Darwen, BB3 1PP, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill

10 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Office equipment

20 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Leases

The Company as lessee
Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a
straight line basis over the term of the relevant lease except where another more systematic basis is more
representative of the time pattern in which economic benefits from the leases asset are consumed.

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 creditors: amounts falling due within one year.

2. Employees

	2024		2023
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	9		8

3. Intangible assets

	Goodwill		Total
	£		£
Cost
At 01 January 2024	91,664		91,664
At 31 December 2024	91,664		91,664
Accumulated amortisation
At 01 January 2024	33,166		33,166
Charge for the financial year	9,166		9,166
At 31 December 2024	42,332		42,332
Net book value
At 31 December 2024	49,332		49,332
At 31 December 2023	58,498		58,498

4. Tangible assets

	Office equipment		Total
	£		£
Cost
At 01 January 2024	18,895		18,895
At 31 December 2024	18,895		18,895
Accumulated depreciation
At 01 January 2024	11,382		11,382
Charge for the financial year	1,502		1,502
At 31 December 2024	12,884		12,884
Net book value
At 31 December 2024	6,011		6,011
At 31 December 2023	7,513		7,513

5. Debtors

	2024		2023
	£		£
Amounts owed by Group undertakings	47,568		23,524
Other debtors	10,159		6,404
	57,727		29,928

6. Creditors: amounts falling due within one year

	2024		2023
	£		£
Bank loans (secured £ 4,745)	10,580		10,045
Trade creditors	7,540		24,697
Amounts owed to Group undertakings	0		100
Taxation and social security	54,259		34,021
Other creditors	78,121		114,139
	150,500		183,002

7. Creditors: amounts falling due after more than one year

	2024		2023
	£		£
Bank loans (secured £ 17,351)	45,496		56,145

Bank borrowings totalling £22,096 (2023 - £26,525) are secured by a debenture with HSBC Bank PLC.

8. Financial commitments

Commitments

	2024		2023
	£		£
Total future minimum lease payments under non-cancellable operating lease	6,800		6,001

9. Related party transactions

Other related party transactions

At the balance sheet date, amounts owed by other related parties totalled £47,568 (2023: £23,424). These balances are interest free and repayable on demand.

10. Ultimate controlling party

Parent Company:

Columbus Mallory Best Limited

7 St. James Street, Accrington, Lancashire, BB5 1NE