Douglas Graham Developments Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 00717010 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

DOUGLAS GRAHAM DEVELOPMENTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A R Gross

A N Gross

C H Levy

D J Jenkins

SECRETARY:

C H Levy

REGISTERED OFFICE:

Unit A6

Chaucer Business Park

Dittons Road

Polegate

East Sussex

BN26 6QH

REGISTERED NUMBER:

00717010 (England and Wales)

ACCOUNTANTS:

MDJ Services Limited

Unit A6

Chaucer Business Park

Dittons Road

Polegate

East Sussex

BN26 6QH

FIXED ASSETS

Tangible assets

4

22,390

26,862

Investment property

5

3,646,176

3,954,028

3,668,566

3,980,890

CURRENT ASSETS

Debtors

6

1,886,618

1,989,841

Cash at bank

57,723

49,331

1,944,341

2,039,172

CREDITORS

Amounts falling due within one year

7

44,953

136,145

NET CURRENT ASSETS

1,899,388

1,903,027

TOTAL ASSETS LESS CURRENT
LIABILITIES

5,567,954

5,883,917

PROVISIONS FOR LIABILITIES

167,106

157,959

NET ASSETS

5,400,848

5,725,958

CAPITAL AND RESERVES

Called up share capital

100

Fair value reserve

8

1,106,244

1,071,295

Retained earnings

8

4,294,504

4,654,563

SHAREHOLDERS' FUNDS

5,400,848

5,725,958

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 14 October 2025 and were signed on its behalf by:

C H Levy - Director

1.	STATUTORY INFORMATION

Douglas Graham Developments 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.

Turnover

Turnover represents rents receivable net of VAT.

Tangible fixed assets

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

Furniture and equipment

-

25% on reducing balance

Computer equipment

-

33.33% on reducing balance

Investment property

Investment properties are those properties that are held either to earn rental income or for capital appreciation or both.

Investment properties are measured initially at cost including transaction costs and thereafter are stated at fair value, which reflects market conditions at the balance sheet date. Surpluses and deficits arising from changes in the fair value of investment properties are recognised in the Statement of Comprehensive Income in the year in which they arise.

Investment properties are stated at fair value as determined by the directors. The fair value of the company's property portfolio is based upon external valuations and is inherently subjective. The fair value represents the amount at which the assets could be exchanged between a knowledgeable, willing buyer and a knowledgeable, willing seller in an arms-length transaction at the date of valuation. The fair value of each of the properties has been assessed by the directors. In determining the fair value of investment properties, the directors make use of historical and current market data as well as existing lease agreements.

Additions and disposals of investment properties are recognised in the accounts when contracts are completed.

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Furniture

and

Computer

equipment

Totals

£

COST

At 1 April 2024

45,692

10,226

55,918

Additions

-

320

Disposals

-

(852

)

(852

)

At 31 March 2025

45,692

9,694

55,386

DEPRECIATION

At 1 April 2024

21,790

7,266

29,056

Charge for year

3,585

1,036

4,621

Eliminated on disposal

-

(681

)

(681

)

At 31 March 2025

25,375

7,621

32,996

NET BOOK VALUE

At 31 March 2025

20,317

2,073

22,390

At 31 March 2024

23,902

2,960

26,862

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

3,954,028

Additions

111,947

Disposals

(419,799

)

At 31 March 2025

3,646,176

NET BOOK VALUE

At 31 March 2025

3,646,176

At 31 March 2024

3,954,028

Fair value at 31 March 2025 is represented by:

£

Valuation in 2004

592,212

Valuation in 2014

776,090

Valuation in 2024

(99,165

)

Cost

2,377,039

3,646,176

If investment properties had not been revalued they would have been included at the following historical cost:

31.3.25

31.3.24

£

Cost

2,377,039

2,731,490

Investment properties were valued on an open market basis on 31 March 2025 by the directors .

Freehold investment property is valued at the end of each financial year by the directors. Independent valuations by valuers with a recognised qualification are sought where, in the opinion of the directors, there is market evidence to suggest that changes in fair value for properties of a similar type and location have occurred requiring specialist market knowledge in order to ascertain the fair value. The last independent valuation of the property portfolio was carried out by Willmotts Chartered Surveyors as at 6 January 2014 on the basis of open market value.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade debtors

-

3,223

Other debtors

1,886,618

1,986,618

1,886,618

1,989,841

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade creditors

2,850

Taxation and social security

1,153

87,691

Other creditors

40,950

45,604

44,953

136,145

8.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

At 1 April 2024

4,654,563

1,071,295

5,725,858

Deficit for the year

(325,110

)

(325,110

)

Tax on revaluation adjustment

11,650

(11,650

)

-

Transfer of realised profit / (loss)

(46,599

)

46,599

-

At 31 March 2025

4,294,504

1,106,244

5,400,748

9.	RELATED PARTY DISCLOSURES

Amounts advanced to related parties were as follows:

Balance at
31.3.2024

Movement
in year

Balance at
31.3.2025

Included in debtors

£

Owed by related undertakings

Hars Properties Limited

1,890,155

(100,000

)

1,790,155

Welnen Investments Limited

96,462

-

96,462

1,986,617

(100,000

)

1,886,617

A R Gross, A N Gross and C Levy are all directors of and have a material interest in Welnen Investments Limited. They are also all directors of Hars Properties Limited and A R Gross holds a material interest in Hars Properties Limited..