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REGISTERED NUMBER: 03446091 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

DALIAN PROPERTIES LIMITED

DALIAN PROPERTIES LIMITED (REGISTERED NUMBER: 03446091) |

CONTENTS OF THE FINANCIAL STATEMENTS

For The Year Ended 31 December 2024

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| DALIAN PROPERTIES LIMITED |

COMPANY INFORMATION

For The Year Ended 31 December 2024

| DIRECTORS: | Mr D P McManaman

| Mr I C McManaman

| REGISTERED OFFICE: | 57 Micklegate

| York

| North Yorkshire

| YO1 6LJ

| REGISTERED NUMBER: | 03446091 (England and Wales)

| ACCOUNTANTS: | Fortus Limited

| Business Advisors & Accountants

| Equinox House

| Clifton Park, Shipton Road

| York

| YO30 5PA

DALIAN PROPERTIES LIMITED (REGISTERED NUMBER: 03446091) |

BALANCE SHEET

31 December 2024

| 2024 | 2023 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 18,358 |  | 17,893 |  |

Investments | 5 | 5 |  | 5 |  |

Investment property | 6 | 19,515,403 |  | 19,515,403 |  |

19,533,766 |  | 19,533,301 |  |

CURRENT ASSETS

Stocks | 50,000 |  | 50,000 |  |

Debtors | 7 | 156,399 |  | 174,691 |  |

Cash at bank and in hand | 231,385 |  | 242,071 |  |

437,784 |  | 466,762 |  |

CREDITORS

Amounts falling due within one year | 8 | 5,504,020 |  | 5,546,760 |  |

NET CURRENT LIABILITIES | (5,066,236 | ) | (5,079,998 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 14,467,530 |  | 14,453,303 |  |

CREDITORS

Amounts falling due after more than one year | 9 | (2,142,766 | ) | (2,246,100 | ) |

PROVISIONS FOR LIABILITIES | (361,108 | ) | (389,605 | ) |

NET ASSETS | 11,963,656 |  | 11,817,598 |  |

CAPITAL AND RESERVES

Called up share capital | 10 | 2 |  | 2 |  |

Revaluation reserve | 11 | 4,483,026 |  | 4,569,216 |  |

Retained earnings | 11 | 7,480,628 |  | 7,248,380 |  |

SHAREHOLDERS' FUNDS | 11,963,656 |  | 11,817,598 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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.

DALIAN PROPERTIES LIMITED (REGISTERED NUMBER: 03446091) |

BALANCE SHEET - continued

31 December 2024

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 19 November 2025 and were signed on its behalf by:

Mr I C McManaman - Director

DALIAN PROPERTIES LIMITED (REGISTERED NUMBER: 03446091) |

NOTES TO THE FINANCIAL STATEMENTS

For The Year Ended 31 December 2024

1. | STATUTORY INFORMATION

| Dalian Properties Limited 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.

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.

| Turnover

| Turnover represents the value, excluding Value Added Tax, of services supplied to customers during the year.

| Property rents are reported in turnover in the period in which they relate to.

| Management charges are reported in turnover in the period in which the performance has taken place in accordance with the specific terms of the contract for service.

| Options granted over land are only recognized in turnover when an Exercise Notice has been served during the option period, following the grant of relevant planning permission relating to the whole of the property, served within two months of determining the price of the property and following the service of the price notice. Until such contractual terms have been satisfied title to the property does not pass to the purchaser, performance has not taken place and the right to consideration has not been earned. None of these contractual terms are under the control of the company.

| 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 | - | 33% on cost

| Investments in subsidiaries

| Investments in subsidiary undertakings are recognised at cost.

| Investment property

| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

| Stocks

| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| 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.

DALIAN PROPERTIES LIMITED (REGISTERED NUMBER: 03446091) |

NOTES TO THE FINANCIAL STATEMENTS - continued

For The Year Ended 31 December 2024

2. | ACCOUNTING POLICIES - continued

| 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.

| Hire purchase and leasing commitments

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 2 (2023 - 2 ) .

4. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

| etc

£ |

| COST

| At 1 January 2024 | 56,544 |  |

| Additions | 17,692 |  |

| At 31 December 2024 | 74,236 |  |

| DEPRECIATION

| At 1 January 2024 | 38,651 |  |

| Charge for year | 17,227 |  |

| At 31 December 2024 | 55,878 |  |

| NET BOOK VALUE

| At 31 December 2024 | 18,358 |  |

| At 31 December 2023 | 17,893 |  |

5. | FIXED ASSET INVESTMENTS

| Shares in

| group

| undertakings

£ |

| COST

| At 1 January 2024

| and 31 December 2024 | 5 |  |

| NET BOOK VALUE

| At 31 December 2024 | 5 |  |

| At 31 December 2023 | 5 |  |

DALIAN PROPERTIES LIMITED (REGISTERED NUMBER: 03446091) |

NOTES TO THE FINANCIAL STATEMENTS - continued

For The Year Ended 31 December 2024

6. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 January 2024 | 19,515,403 |  |

| Additions | 114,802 |  |

| Revaluations | (114,802 | ) |

| At 31 December 2024 | 19,515,403 |  |

| NET BOOK VALUE

| At 31 December 2024 | 19,515,403 |  |

| At 31 December 2023 | 19,515,403 |  |

| Freehold investment properties with a historical cost of £14,727,629 (2023 - £14,561,057) were revalued by the directors of the company and the current fair value is considered to be £19,515,403 (2023 - £19,515,403). The valuation takes into account a number of valuation factors including the length of existing leases.

7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

£ | £ |

| Trade debtors | 133,113 |  | 132,156 |  |

| Other debtors | 23,286 |  | 42,535 |  |

156,399 |  | 174,691 |  |

8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

£ | £ |

| Bank loans and overdrafts | 111,112 |  | 111,112 |  |

| Trade creditors | 33,350 |  | 40,397 |  |

| Taxation and social security | 52,743 |  | 59,672 |  |

| Other creditors | 5,306,815 |  | 5,335,579 |  |

5,504,020 |  | 5,546,760 |  |

| The bank loans are secured by a debenture and a first priority legal charge over each property held by the company

9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2024 | 2023 |

£ | £ |

| Bank loans | 2,142,766 |  | 2,246,100 |  |

| Amounts falling due in more than five years:

| Repayable by instalments

| Bank loans more 5 yr by instal | - |  | 2,134,988 |  |

| The bank loans are secured by a debenture and a first priority legal charge over each property held by the company.

DALIAN PROPERTIES LIMITED (REGISTERED NUMBER: 03446091) |

NOTES TO THE FINANCIAL STATEMENTS - continued

For The Year Ended 31 December 2024

10. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2024 | 2023 |

| value: | £ | £ |

| 10 | Ordinary | 0.20 | 2 |  | 2 |  |

11. | RESERVES

| Retained |  | Revaluation |

| earnings |  | reserve |  | Totals

£ | £ | £ |

| At 1 January 2024 | 7,248,380 |  | 4,569,216 |  | 11,817,596 |  |

| Profit for the year | 146,058 |  | 146,058 |  |

| Other movement | 86,190 |  | (86,190 | ) | - |  |

| At 31 December 2024 | 7,480,628 |  | 4,483,026 |  | 11,963,654 |  |

12. | RELATED PARTY DISCLOSURES

| The company is controlled by the directors.

| The directors of the company are also directors of Mack & Lawler Builders Limited. At the year end the company owed £5,112,960 (2023 - £5,143,149) to Mack & Lawler Builders Limited in respect of loans made to the company. This is included in other creditors