Del Mar Estates Limited 10055201 false 2024-04-01 2025-03-31 2025-03-31 The principal activity of the company is investment in real estate Digita Accounts Production Advanced 6.30.9574.0 true true 10055201 2024-04-01 2025-03-31 10055201 2025-03-31 10055201 core:FinancialAssetsDesignatedFairValueThroughProfitOrLoss core:Non-currentFinancialInstruments 2025-03-31 10055201 core:CurrentFinancialInstruments 2025-03-31 10055201 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 10055201 bus:SmallEntities 2024-04-01 2025-03-31 10055201 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 10055201 bus:FilletedAccounts 2024-04-01 2025-03-31 10055201 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 10055201 bus:RegisteredOffice 2024-04-01 2025-03-31 10055201 bus:CompanySecretaryDirector2 2024-04-01 2025-03-31 10055201 bus:Director1 2024-04-01 2025-03-31 10055201 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 10055201 bus:Agent1 2024-04-01 2025-03-31 10055201 countries:EnglandWales 2024-04-01 2025-03-31 10055201 2024-03-31 10055201 2023-04-01 2024-03-31 10055201 2024-03-31 10055201 core:CurrentFinancialInstruments 2024-03-31 10055201 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 iso4217:GBP xbrli:pure

Company No: 10055201

Del Mar Estates Limited
Unaudited Financial Statements
Year Ended
31 March 2025

Del Mar Estates Limited

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 6

Del Mar Estates Limited

Company Information

Directors | J R Jones D Jones

Company secretary | D Jones

Registered office | Suite 8 Bourne Gate 25 Bourne Valley Road Poole Dorset BH12 1DY

Accountants | Brett Pittwood Chartered Certified AccountantsSuite 8 Bourne Gate 25 Bourne Valley Road Poole Dorset BH12 1DY

Del Mar Estates Limited

(Registration number: 10055201)
Balance Sheet as at 31 March 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Investment property | 4 | 755,000 | 755,000
Other financial assets | 5 | 15,919 | 17,347
|  | 770,919 | 772,347
Current assets |  |  |
Debtors | 6 | 7,042 | 5,306
Cash at bank and in hand |  | 215,584 | 210,941
|  | 222,626 | 216,247
Creditors: Amounts falling due within one year | 7 | (55,480) | (44,936)
Net current assets |  | 167,146 | 171,311
Net assets |  | 938,065 | 943,658
Capital and reserves |  |  |
Called up share capital |  | 100 | 100
Share premium reserve |  | 862,654 | 862,654
Retained earnings |  | 75,311 | 80,904
Shareholders' funds |  | 938,065 | 943,658

For the financial 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 accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 3 November 2025 and signed on its behalf by:

J R Jones
Director

Del Mar Estates Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 March 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Suite 8 Bourne Gate
25 Bourne Valley Road
Poole
Dorset
BH12 1DY
England

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

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

Going concern

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable in respect of rents. Turnover is shown net of returns, rebates and discounts.
The company recognises revenue when:
the amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Del Mar Estates Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 March 2025

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Investments

Fixed asset investments are stated at their net realisable value.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Del Mar Estates Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 March 2025

Financial instruments

Classification
Financial assets
Basic financial assets
Basic financial assets, which include trade debtors, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Other financial assets
Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publically traded and whose fair values cannot be measured reliably are measured at cost less impairment.
Financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Basic financial liabilities
Basic financial liabilities, including trade and other creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

4 | Investment properties

| 2025 £
At 1 April 2024 and 31 March 2025 | 755,000

There has been no valuation of investment property by an independent valuer.

Del Mar Estates Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 March 2025

5 | Other financial assets (current and non-current)

| Financial assets at fair value through profit and loss £ | Total £
Non-current financial assets
Cost or valuation
At 1 April 2024 | 17,347 | 17,347
Fair value adjustments | (1,428) | (1,428)
At 31 March 2025 | 15,919 | 15,919
Carrying amount
At 31 March 2025 | 15,919 | 15,919

6 | Debtors

| 2025 £ | 2024 £
Trade debtors | 625 | 850
Other debtors | 6,417 | 4,456
| 7,042 | 5,306

7 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Taxation and social security | 2,854 | -
Accruals and deferred income | 7,459 | 6,456
Other creditors | 45,167 | 38,480
| 55,480 | 44,936

8 | Financial instruments

Financial assets measured at fair value

Listed investments
The fair value has been determined by reference to the listed share price for these assets.
The fair value is £15,919 (2024 - £17,347) and the change in value included in profit or loss is £1,428 (2024 - £(1,047)).