DOWNES PROPERTY LIMITED

	Page
Statement of Financial Position	1—2
Notes to the Financial Statements	3—4

Registered number: 00577683

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		3,155,256		4,405,840

			3,155,256		4,405,840
CURRENT ASSETS
Debtors	5	20,691		22,391
Cash at bank and in hand		1,428,172		354,387

		1,448,863		376,778
Creditors: Amounts Falling Due Within One Year	6	(180,696 )		(219,536 )

NET CURRENT ASSETS (LIABILITIES)			1,268,167		157,242

TOTAL ASSETS LESS CURRENT LIABILITIES			4,423,423		4,563,082

PROVISIONS FOR LIABILITIES
Deferred Taxation			-		(7,500 )

NET ASSETS			4,423,423		4,555,582

CAPITAL AND RESERVES
Called up share capital	7		96,950		96,950
Capital redemption reserve			206,050		206,050
Fair value reserve	9		757,756		782,756
Income Statement			3,362,667		3,469,826

SHAREHOLDERS' FUNDS			4,423,423		4,555,582

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DOWNES PROPERTY LIMITED

Statement of Financial Position (continued)

As At 31 March 2025

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.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.

On behalf of the board

Mr Ian Downes

Director

30/10/2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

DOWNES PROPERTY LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 00577683 . The registered office is St James House , 65 Mere Green Road, Sutton Coldfield, West Midlands , B75 5BY.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical costs convention as modified by the revaluation of certain assets.

2.2. Turnover

Turnover is the total amount receivable by the Company in the ordinary course of business for services provided, excluding VAT.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant & Machinery	25% reducing balance
Fixtures & Fittings	15% reducing balance
Computer Equipment	33 1/3% straight line

2.4. Investment Properties

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

2.5. Leasing and Hire Purchase Contracts

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

2.6. Taxation

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 4 (2024: 4)

4. Tangible Assets

	Investment Properties	Plant & Machinery	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost or Valuation
As at 1 April 2024	4,403,333	16,335	33,264	1,467	4,454,399
Disposals	(1,225,000 )	-	-	-	(1,225,000 )
Revaluation	(25,000 )	-	-	-	(25,000 )

As at 31 March 2025	3,153,333	16,335	33,264	1,467	3,204,399

Depreciation
As at 1 April 2024	-	14,256	32,836	1,467	48,559
Provided during the period	-	520	64	-	584

As at 31 March 2025	-	14,776	32,900	1,467	49,143

...CONTINUED

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DOWNES PROPERTY LIMITED

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

Net Book Value
As at 31 March 2025	3,153,333	1,559	364	-	3,155,256

As at 1 April 2024	4,403,333	2,079	428	-	4,405,840

The original cost of investment property was £3,591,627 . Investment property is valued at an open market value on an annual basis by the directors .

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	12,724	18,257
Other debtors	7,967	4,134

	20,691	22,391

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	3,489	4,541
Other creditors	157,289	190,020
Taxation and social security	19,918	24,975

	180,696	219,536

7. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	96,950	96,950

8. Directors Advances, Credits and Guarantees

Lease commitments

The total financial commitments which are not included in the balance sheet amount to £80,850.

9. Reserves

	Fair Value Reserve
	£
As at 1 April 2024	782,756
Movements in fair value reserve	(25,000)

As at 31 March 2025	757,756

10. Related Party Transactions

Mr I J R Downes is a director and controlling shareholder of the Company

At 31st March 2025 a loan of £125,419 was owed by the Company to Mr I J R Downes (2024 : £160,419), a market rate of interest of £12,500 has been paid on this balance in the year (2024: 12,500).

Dividends were paid in the year to the following individuals who are all directors of the Company, Mrs J S Downes £3,000, Mr I J R Downes £39,000, Mr D A Downes £9,000 and Mrs S Cowgill £9,000.

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