Company registration number 07410148 (England and Wales)
DRS HOMES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
DRS HOMES LIMITED
COMPANY INFORMATION
Directors
Mr D R Sanders
Mrs H M Sanders
Secretary
Mrs H M Sanders
Company number
07410148
Registered office
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
Accountants
Ormerod Rutter Limited
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
Bankers
Handelsbanken
2nd Floor, Brook Court
Whittington Hall
Worcester
Worcestershire
WR5 2RX
DRS HOMES LIMITED
CONTENTS
Page
Accountants' report
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 8
DRS HOMES LIMITED
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF DRS HOMES LIMITED FOR THE YEAR ENDED 31 MARCH 2025
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of DRS Homes Limited for the year ended 31 March 2025 which comprise, the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.

This report is made solely to the b oard of d irectors of DRS Homes Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of DRS Homes Limited and state those matters that we have agreed to state to the b oard of d irectors of DRS Homes Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than DRS Homes Limited and its b oard of d irectors as a body, for our work or for this report.

It is your duty to ensure that DRS Homes Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of DRS Homes Limited. You consider that DRS Homes Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of DRS Homes Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory f inancial statements.

Ormerod Rutter Limited
6 August 2025
Chartered Accountants
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
DRS HOMES LIMITED
BALANCE SHEET
AS AT 31 MARCH 2025
31 March 2025
- 2 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
602,745
629,015
Current assets
Debtors
4
148,098
42,556
Cash at bank and in hand
6,472
16,008
154,570
58,564
Creditors: amounts falling due within one year
5
(610,185)
(521,495)
Net current liabilities
(455,615)
(462,931)
Total assets less current liabilities
147,130
166,084
Creditors: amounts falling due after more than one year
6
(406,063)
(420,216)
Provisions for liabilities
8
(4,094)
(4,365)
Net liabilities
(263,027)
(258,497)
Capital and reserves
Called up share capital
9
100
100
Profit and loss reserves
(263,127)
(258,597)
Total equity
(263,027)
(258,497)

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

DRS HOMES LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2025
31 March 2025
- 3 -
The financial statements were approved by the board of directors and authorised for issue on 6 August 2025 and are signed on its behalf by:
Mr D R Sanders
Director
Company registration number 07410148 (England and Wales)
DRS HOMES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 4 -
1
Accounting policies
Company information

DRS Homes Limited is a private company limited by shares incorporated in England and Wales. The registered office is The Oakley, Kidderminster Road, Droitwich, Worcestershire, WR9 9AY.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Going concern

These financial statements have been drawn up on the going concern basis. If the going concern basis were not appropriate, adjustments would have been made to reduce assets to recoverable amounts, to provide for any further liabilities that might arise, and to re-classify fixed assets as current assets and long term liabilities as current liabilities.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for rents pro vided in the normal course of business, and is shown net of VAT.

Revenue from the provision of property rental is recognised by reference to the period of its occupancy and where the amount of rent can be measured reliably.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold property
2% on cost
Plant and machinery
20% on reducing balance
Fixtures and fittings
10% on cost
Computer equipment
20% on reducing balance
Motor vehicles
25% on reducing balance
DRS HOMES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 5 -
1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.6
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
2
2
DRS HOMES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 6 -
3
Tangible fixed assets
Freehold property
Plant and machinery
Fixtures and fittings
Computer equipment
Motor vehicles
Total
£
£
£
£
£
£
Cost
At 1 April 2024
692,984
19,688
22,814
-
0
9,161
744,647
Additions
-
0
-
0
-
0
898
-
0
898
Disposals
-
0
(19,250)
-
0
-
0
-
0
(19,250)
At 31 March 2025
692,984
438
22,814
898
9,161
726,295
Depreciation and impairment
At 1 April 2024
92,294
9,201
10,041
-
0
4,096
115,632
Depreciation charged in the year
13,859
56
1,598
181
1,266
16,960
Eliminated in respect of disposals
-
0
(9,042)
-
0
-
0
-
0
(9,042)
At 31 March 2025
106,153
215
11,639
181
5,362
123,550
Carrying amount
At 31 March 2025
586,831
223
11,175
717
3,799
602,745
At 31 March 2024
600,690
10,487
12,773
-
0
5,065
629,015
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
-
0
9,268
Amounts owed by group undertakings
138,198
-
0
Other debtors
9,900
33,288
148,098
42,556
5
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
13,350
13,350
Trade creditors
1,358
989
Amounts owed to group undertakings
-
0
245,409
Taxation and social security
3,276
25,552
Other creditors
592,201
236,195
610,185
521,495
DRS HOMES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 7 -
6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
406,063
419,413
Other creditors
-
0
803
406,063
420,216
7
Secured debts
The following secured debts are included within creditors:
2025
2024
£
£
Hire purchase contracts
803
4,011
Bank loans
419,413
432,763
420,216
436,774
Hire purchase contracts are secured against the assets to which they relate.
Bank loans are secured by way of a fixed and floating charge over all assets of the company.
8
Provisions for liabilities
2025
2024
£
£
Deferred tax liabilities
4,094
4,365
9
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary A of £1 each
100
100
100
100
10
Related party transactions

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

DRS HOMES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 8 -
11
Control

Ultimate parent company

The ultimate parent company is DRS Developments [UK] Limited Limited, a company registered in England and Wales.

Ultimate controlling party

The ultimate controlling party is Mr D R Sanders and Mrs H M Sanders, by virtue of their controlling interest in the ultimate parent company.

2025-03-31 2024-04-01 false false false 06 August 2025 CCH Software CCH Accounts Production 2025.200 No description of principal activity Mr D R Sanders Mrs H M Sanders Mrs H M Sanders 07410148 2024-04-01 2025-03-31 07410148 bus:Director1 2024-04-01 2025-03-31 07410148 bus:CompanySecretaryDirector1 2024-04-01 2025-03-31 07410148 bus:CompanySecretary1 2024-04-01 2025-03-31 07410148 bus:Director2 2024-04-01 2025-03-31 07410148 bus:RegisteredOffice 2024-04-01 2025-03-31 07410148 bus:Agent1 2024-04-01 2025-03-31 07410148 2025-03-31 07410148 2024-03-31 07410148 core:LandBuildings core:OwnedOrFreeholdAssets 2025-03-31 07410148 core:PlantMachinery 2025-03-31 07410148 core:FurnitureFittings 2025-03-31 07410148 core:ComputerEquipment 2025-03-31 07410148 core:MotorVehicles 2025-03-31 07410148 core:LandBuildings core:OwnedOrFreeholdAssets 2024-03-31 07410148 core:PlantMachinery 2024-03-31 07410148 core:FurnitureFittings 2024-03-31 07410148 core:ComputerEquipment 2024-03-31 07410148 core:MotorVehicles 2024-03-31 07410148 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 07410148 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 07410148 core:Non-currentFinancialInstruments core:AfterOneYear 2025-03-31 07410148 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 07410148 core:CurrentFinancialInstruments 2025-03-31 07410148 core:CurrentFinancialInstruments 2024-03-31 07410148 core:Non-currentFinancialInstruments 2025-03-31 07410148 core:Non-currentFinancialInstruments 2024-03-31 07410148 core:ShareCapital 2025-03-31 07410148 core:ShareCapital 2024-03-31 07410148 core:RetainedEarningsAccumulatedLosses 2025-03-31 07410148 core:RetainedEarningsAccumulatedLosses 2024-03-31 07410148 core:ShareCapitalOrdinaryShareClass1 2025-03-31 07410148 core:ShareCapitalOrdinaryShareClass1 2024-03-31 07410148 core:LandBuildings core:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 07410148 core:PlantMachinery 2024-04-01 2025-03-31 07410148 core:FurnitureFittings 2024-04-01 2025-03-31 07410148 core:ComputerEquipment 2024-04-01 2025-03-31 07410148 core:MotorVehicles 2024-04-01 2025-03-31 07410148 2023-04-01 2024-03-31 07410148 core:LandBuildings core:OwnedOrFreeholdAssets 2024-03-31 07410148 core:PlantMachinery 2024-03-31 07410148 core:FurnitureFittings 2024-03-31 07410148 core:ComputerEquipment 2024-03-31 07410148 core:MotorVehicles 2024-03-31 07410148 2024-03-31 07410148 core:WithinOneYear 2025-03-31 07410148 core:WithinOneYear 2024-03-31 07410148 bus:OrdinaryShareClass1 2024-04-01 2025-03-31 07410148 bus:OrdinaryShareClass1 2025-03-31 07410148 bus:OrdinaryShareClass1 2024-03-31 07410148 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 07410148 bus:FRS102 2024-04-01 2025-03-31 07410148 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 07410148 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 07410148 bus:FullAccounts 2024-04-01 2025-03-31 xbrli:pure xbrli:shares iso4217:GBP