DBSL Property Limited - Filleted accounts

Registered number

09896407

DBSL Property Limited

Unaudited Filleted Accounts

31 December 2024

DBSL Property Limited
Registered number:		09896407
Balance Sheet
as at 31 December 2024

Notes			2024			2023
£				£
Fixed assets
Investment property	4		5,547,463			5,956,219

Current assets
Debtors	5	111,828			50,797
Cash at bank and in hand		91			9,509
		111,919			60,306

Creditors: amounts falling due within one year	6	(380,129)			(544,855)

Net current liabilities			(268,210)			(484,549)

Total assets less current liabilities			5,279,253			5,471,670

Creditors: amounts falling due after more than one year	7		(3,997,887)			(4,227,173)

Provisions for liabilities			(230,821)			(240,466)


Net assets			1,050,545			1,004,031

Capital and reserves
Called up share capital			2			2
Fair value reserve	9		692,465			721,400
Profit and loss account			358,078			282,629

Shareholders' funds			1,050,545			1,004,031

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr S R Lazenby
Director
Approved by the board on 30 September 2025

DBSL Property Limited
Notes to the Accounts
for the year ended 31 December 2024


1	Statutory information

	DBSL Property Limited is a private company, limited by shares, registered in England and Wales.

	The company's registered number and registered office address are as below:

	Registered number:	09896407

	Registered office:	Beech House
		78 Cleasby Road
		Menston
		Ilkley
		LS29 6HN

	The presentation currency of the financial statements is the Pound Sterling, which is the functional
	currency of the company, rounded to the nearest £1.


2	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 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.

	Turnover
	Turnover represents rents received and receivable, excluding VAT.

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

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.


2	Accounting policies (continued)

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.

	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments.

	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.

	Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


3	Employees		2024		2023
Number				Number

	Average number of persons employed by the company		1		1


4	Investment property
Total
£
	Fair value
	At 1 January 2024				5,956,219
	Additions				16,244
	Disposals				(425,000)

	At 31 December 2024				5,547,463

	Historical cost
	At 1 January 2024				4,994,352
	At 31 December 2024				4,624,176

	The investment property was valued on an open market basis on 31 December 2024 by the director.


5	Debtors		2024		2023
£				£

	Trade debtors		-		18,307
	Prepayments and accrued income		14,584		9,270
	Other debtors		97,244		23,220
			111,828		50,797


6	Creditors: amounts falling due within one year		2024		2023
£				£

	Bank loans and overdrafts		11,212		11,188
	Trade creditors		18,694		975
	Directors' current account		260,426		457,076
	Accruals and deferred income		4,124		1,400
	Taxation and social security costs		60,422		49,004
	Other creditors		25,251		25,212
			380,129		544,855


7	Creditors: amounts falling due after one year		2024		2023
£				£

	Bank loans		3,997,887		4,227,173


8	Loans		2024		2023
£				£
	Creditors include:
	Instalments falling due for payment after more than five years		3,988,875		4,210,095


	Secured bank loans		3,994,543		4,213,776

	Bank loans are secured over the properties to which they relate.


9	Fair value reserve		2024		2023
£				£

	At 1 January 2024		721,400		779,112
	Reserve transfer		(28,935)		(57,712)

	At 31 December 2024		692,465		721,400


10	Related party transactions

	During the year £5,000 (2023: £100,800) was advanced from and £201,650 (2023: £10,344) was repaid to the director. An amount of £260,426 (2023: £457,076) remained due to the director at the year end.