REGISTERED NUMBER: 00297189 (England and Wales)

Audited Financial Statements

for the Year Ended 31 March 2025

for

Derbyshire Property Trust Limited (The)

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

D G Tanner BSc., MRICS

J Connell

N F Bohane

L F Edge

SECRETARY:

L F Edge

REGISTERED OFFICE:

Rose Cottage

Duffield Bank

Duffield

Belper

Derbyshire

DE56 4BG

REGISTERED NUMBER:

00297189 (England and Wales)

AUDITORS:

Mabe Allen LLP

Chartered Accountants

Statutory Auditors

50 Osmaston Road

Derby

DE1 2HU

BANKERS:

Lloyds Bank

16 Lower Parliament Street

Nottingham

NG1 3DA

FIXED ASSETS

Tangible assets

5

710

-

Investment property

6

13,395,359

12,891,500

13,396,069

12,891,500

CURRENT ASSETS

Debtors

7

281,509

322,097

Investments

8

156,349

150,494

Cash at bank

135,619

411,978

573,477

884,569

CREDITORS

Amounts falling due within one year

9

240,061

282,807

NET CURRENT ASSETS

333,416

601,762

TOTAL ASSETS LESS CURRENT LIABILITIES

13,729,485

13,493,262

PROVISIONS FOR LIABILITIES

10

748,768

688,410

NET ASSETS

12,980,717

12,804,852

CAPITAL AND RESERVES

Called up share capital

11

16,582

16,582

Fair value reserve

12

4,980,665

4,819,590

Retained earnings

7,983,470

7,968,680

SHAREHOLDERS' FUNDS

12,980,717

12,804,852

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:

J Connell - Director

L F Edge - Director

1.	STATUTORY INFORMATION

Derbyshire Property Trust Limited (The) 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 presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover derives from rental income which is recognised when the invoices are raised in accordance with the terms of the leases. Turnover takes account of rent arrears, amounts invoiced in advance and bad debt provisions.

Tangible fixed assets

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

Computer equipment

-

33% on cost

Tangible fixed assets are stated at cost less accumulated depreciation. Cost includes costs directly attributable to making the asset capable of operating as intended.

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.

Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Debtors and creditors receivable/payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.

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.

Investments

Current asset investments are measured at fair value with changes in fair value recognised in the profit and loss.

Impairment

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss.

Provisions

Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past event, it is probable that the outflow of economic benefits will be required in settlement and the amount can be reliably estimated.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

5.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 April 2024

863

Additions

1,065

Disposals

(863

)

At 31 March 2025

1,065

DEPRECIATION

At 1 April 2024

863

Charge for year

355

Eliminated on disposal

(863

)

At 31 March 2025

355

NET BOOK VALUE

At 31 March 2025

710

At 31 March 2024

-

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

12,891,500

Additions

282,426

Revaluations

221,433

At 31 March 2025

13,395,359

NET BOOK VALUE

At 31 March 2025

13,395,359

At 31 March 2024

12,891,500

Fair value at 31 March 2025 is represented by:

£

Valuation in 2025

5,729,433

Cost

7,665,926

13,395,359

Investment property were valued on a fair value basis on 31 March 2025 by the Directors, Innes England & R J Harmer .

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

197,442

243,053

Other debtors

45,545

39,600

Prepayments

38,522

39,444

281,509

322,097

8.	CURRENT ASSET INVESTMENTS

2025

2024

£

£

Deposit bank account

156,349

150,494

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Corporation tax

118,004

125,698

Social security and other taxes

4,650

4,058

Other creditors

431

30,813

Accruals & deferred income

116,976

122,238

240,061

282,807

10.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

748,768

688,410

Deferred

tax

£

Balance at 1 April 2024

688,410

Other timing differences

60,358

Balance at 31 March 2025

748,768

Deferred tax liabilities relate to the provision for tax payable on potential future sales of investment properties.

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

16,582

Ordinary

£1

16,582

16,582

12.

RESERVES

Fair

value

reserve

£

At 1 April 2024

4,819,590

Fair value gains, net of deferred tax

161,075

At 31 March 2025

4,980,665

13.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Kevin Slack FCA (Senior Statutory Auditor)

for and on behalf of Mabe Allen LLP