REGISTERED NUMBER: 13854894 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025

FOR

DOUGLAS & DAVIES PROPERTY LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

BAF Douglas

Ms H E Davies

REGISTERED OFFICE:

128 Goetre Fawr

Radyr

Cardiff

CF15 8EU

REGISTERED NUMBER:

13854894 (England and Wales)

ACCOUNTANTS:

Mitchell Edwards

Chartered Certified Accountants

24A Ainslie Place

Edinburgh

EH3 6AJ

BANKERS:

Tide

5th Floor

1 Appold Street

London

EC2A 2UT

SOLICITORS:

Howells

72-74 Cardiff Road

Caerphilly

Mid Glamorgan

CF83 1JQ

FIXED ASSETS

Tangible assets

4

1,078

1,445

Investment property

5

235,000

246,688

236,078

248,133

CURRENT ASSETS

Debtors

6

242

172

Cash at bank

549

3,620

791

3,792

CREDITORS

Amounts falling due within one year

7

89,884

87,383

NET CURRENT LIABILITIES

(89,093

)

(83,591

)

TOTAL ASSETS LESS CURRENT LIABILITIES

146,985

164,542

CREDITORS

Amounts falling due after more than one year

8

166,027

165,995

NET LIABILITIES

(19,042

)

(1,453

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(19,142

)

(1,553

)

(19,042

)

(1,453

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 29 October 2025 and were signed on its behalf by:

BAF Douglas - Director

Ms H E Davies - Director

1.	STATUTORY INFORMATION

Douglas & Davies Property Ltd 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.

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

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.

The company meets its day to day working capital requirements through the support of a loan from the directors. The directors will continue to support the company until sufficient profitability is achieved and on this basis considers it appropriate to prepare accounts on a going concern basis.

Turnover

Turnover represents the total of rent and other income receivable by the company for the rental of own property for the period.

Tangible fixed assets

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

Plant and machinery etc

-

20% on cost

Investment property

The company carries investment property at fair value with changes in fair value being recognised in the Income Statement. Any such changes together with the related deferred tax are transferred to a Fair Value reserve .

Financial instruments

Bank and other loans are shown at amortised cost, with interest and up front charges in connection with the loans being allocated to accounting periods by applying the effective interest rate method.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 February 2024

and 31 January 2025

1,838

DEPRECIATION

At 1 February 2024

393

Charge for year

367

At 31 January 2025

760

NET BOOK VALUE

At 31 January 2025

1,078

At 31 January 2024

1,445

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 February 2024

246,688

Revaluations

(11,688

)

At 31 January 2025

235,000

NET BOOK VALUE

At 31 January 2025

235,000

At 31 January 2024

246,688

Fair value at 31 January 2025 is represented by:

£

Valuation in 2025

(11,688

)

Cost

246,688

235,000

If investment property had not been revalued it would have been included at the following historical cost:

2025

2024

£

£

Cost

246,688

246,688

The directors assessed the fair value of the investment properties to be £235.000 (2024: £246,688) as at the year end date.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

242

172

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other creditors

89,884

87,383

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

166,027

165,995

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

166,027

165,995

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

166,027

165,995

The company's investment property is pledged as security against bank loan borrowings.

10.	RELATED PARTY DISCLOSURES

Included within other creditors are loans from companies which are under common control amounting to £Nil (2024: £186). This loan which is unsecured is provided interest free and has no agreed terms of repayment.