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COMPANY REGISTRATION NUMBER: 11850297

DDR Elizabeth Street Limited

Filleted Unaudited Financial Statements

For the year ended

31 March 2025

DDR Elizabeth Street Limited

Financial Statements

Year ended 31 March 2025

Contents | Page

Officers and professional advisers | 1

Statement of financial position | 2

Notes to the financial statements | 4

DDR Elizabeth Street Limited

Officers and Professional Advisers

THE BOARD OF DIRECTORS | R Bass
| D Gillson
| G Rossi

REGISTERED OFFICE | 12 Eccleston Street
| London
| SW1W 9LT

ACCOUNTANTS | Streets
| Chartered accountants
| ECEN
| Warth Park
| Northamptonshire
| NN9 6GR

DDR Elizabeth Street Limited

Statement of Financial Position

31 March 2025

| 2025 | 2024
Note | £ | £

Fixed assets

Intangible assets | 5 | 2 | 2
Tangible assets | 6 | 174,927 | 157,633
| ---------- | ----------
| 174,929 | 157,635

Current assets

Stocks | 18,316 | 16,142
Debtors | 7 | 44,184 | 45,354
Cash at bank and in hand | 7,165 | 2,722
| -------- | --------
| 69,665 | 64,218

Creditors: amounts falling due within one year | 8 | 936,687 | 774,128
| ---------- | ----------
Net current liabilities | 867,022 | 709,910
| ---------- | ----------
Total assets less current liabilities | ( 692,093) | ( 552,275)
| ---------- | ----------
Net liabilities | ( 692,093) | ( 552,275)
| ---------- | ----------

Capital and reserves

Called up share capital | 1,000 | 1,000
Share premium account | 124,000 | 124,000
Profit and loss account | ( 817,093) | ( 677,275)
| ---------- | ----------
Shareholders deficit | ( 692,093) | ( 552,275)
| ---------- | ----------

These 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 statement of income and retained earnings has not been delivered.
For the year ending 31 March 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 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 financial statements .

DDR Elizabeth Street Limited

Statement of Financial Position (continued)

31 March 2025
These financial statements were approved by the board of directors and authorised for issue on 15 October 2025 , and are signed on behalf of the board by:

R Bass
Director

Company registration number: 11850297

DDR Elizabeth Street Limited

Notes to the Financial Statements

Year ended 31 March 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 12 Eccleston Street, London, SW1W 9LT.
2. Statement of compliance
These 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. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The financial statements have been prepared on a going concern basis which assumes the continued support of the directors and owners. The directors are confident the company will trade profitably in future and be able to meet its ongoing liabilities as they fall due.
Revenue recognition
The turnover shown in the statement of comprehensive income represents the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

| Website development | - | 3 years straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Leasehold improvements | - | 5 years straight line
| Leasehold premium | - | 5 years straight line
| Equipment | - | 2,3 or 5 years straight line
| Computer equipment | - | 5 years straight line

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.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Defined contribution pension plans
Contributions to defined pension contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 11 (2024: 13 ).
5. Intangible assets

| Goodwill | Website development costs | Total
| £ | £ | £
Cost |  |  |
At 1 April 2024 and 31 March 2025 | 2 | 8,576 | 8,578
| ---- | ------- | -------
Amortisation |  |  |
At 1 April 2024 and 31 March 2025 | – | 8,576 | 8,576
| ---- | ------- | -------
Carrying amount |  |  |
At 31 March 2025 | 2 | – | 2
| ---- | ------- | -------
At 31 March 2024 | 2 | – | 2
| ---- | ------- | -------

6. Tangible assets

| Leasehold improvements | Leasehold premium | Equipment | Computer equipments | Total
| £ | £ | £ | £ | £
Cost |  |  |  |  |
At 1 April 2024 | 361,217 | 79,080 | 17,090 | 2,695 | 460,082
Additions | 84,545 | – | – | 400 | 84,945
| ---------- | -------- | -------- | ------- | ----------
At 31 March 2025 | 445,762 | 79,080 | 17,090 | 3,095 | 545,027
| ---------- | -------- | -------- | ------- | ----------
Depreciation |  |  |  |  |
At 1 April 2024 | 216,983 | 77,784 | 4,987 | 2,695 | 302,449
Charge for the year | 63,890 | 1,296 | 2,431 | 34 | 67,651
| ---------- | -------- | -------- | ------- | ----------
At 31 March 2025 | 280,873 | 79,080 | 7,418 | 2,729 | 370,100
| ---------- | -------- | -------- | ------- | ----------
Carrying amount |  |  |  |  |
At 31 March 2025 | 164,889 | – | 9,672 | 366 | 174,927
| ---------- | -------- | -------- | ------- | ----------
At 31 March 2024 | 144,234 | 1,296 | 12,103 | – | 157,633
| ---------- | -------- | -------- | ------- | ----------

7. Debtors

| 2025 | 2024
| £ | £
Trade debtors | – | 4,507
Other debtors | 44,184 | 40,847
| -------- | --------
| 44,184 | 45,354
| -------- | --------

8. Creditors: amounts falling due within one year

| 2025 | 2024
| £ | £
Trade creditors | 44,824 | 67,919
Social security and other taxes | 30,421 | 27,805
Other creditors | 861,442 | 678,404
| ---------- | ----------
| 936,687 | 774,128
| ---------- | ----------