D S Estates Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 00479089

D S ESTATES LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

5 April 2025

D S ESTATES LIMITED

FINANCIAL STATEMENTS

YEAR ENDED 5 APRIL 2025

CONTENTS	PAGE

Statement of financial position	1

Notes to the financial statements	3

D S ESTATES LIMITED

STATEMENT OF FINANCIAL POSITION

5 April 2025

	2025		2024
			(restated)
Note	£	£	£	£

FIXED ASSETS

Tangible assets	5	17,269,643	16,704,377
Investments	6	2,725,912	2,476,763
		---------------	---------------
		19,995,555	19,181,140

CURRENT ASSETS

Debtors	7	146,289	90,775
Cash at bank and in hand		106,563	179,100
		----------	----------
		252,852	269,875

CREDITORS: amounts falling due within one year	8	355,586		308,525
		----------		----------
NET CURRENT LIABILITIES			102,734		38,650
			---------------		---------------
TOTAL ASSETS LESS CURRENT LIABILITIES			19,892,821		19,142,490

CREDITORS: amounts falling due after more than one year	9		10,100		10,100

PROVISIONS

Taxation including deferred tax	10	1,878,234	1,878,904
		---------------	---------------
NET ASSETS		18,004,487	17,253,486
		---------------	---------------

D S ESTATES LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

5 April 2025

	2025		2024
			(restated)
Note	£	£	£	£

CAPITAL AND RESERVES

Called up share capital	12	75,000	75,000
Share premium account		15,000	15,000
Revaluation reserve		7,495,955	7,495,955
Profit and loss account		10,418,532	9,667,531
		---------------	---------------
SHAREHOLDERS FUNDS		18,004,487	17,253,486
		---------------	---------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 5 April 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 financial statements for the year in question in accordance with section 476 ;

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

These financial statements were approved by the board of directors and authorised for issue on 21 November 2025 , and are signed on behalf of the board by:

Mrs F Simpson

Director

Company registration number: 00479089

D S ESTATES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 5 APRIL 2025

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Equitable House, 55 Pellon Lane, Halifax, West Yorkshire, HX1 5SP.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The judgement that management has made in the process of applying the entity's accounting policies and that has had the most significant effect on the amounts recognised in the financial statements is the estimate of the fair value of the investment property. This estimate has been made by considering the return made on investment in year and the market value.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for rent net of Value Added Tax where applicable and the sale of property. Revenue from rent or from the sale of a development is recognised when the significant risks and rewards of ownership of the property or lease have transferred to the buyer or leasee, usually on exchange of contracts or signing of a lease and the amount of revenue can be measured reliably and it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Current and deferred tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures and fittings	-	15% reducing balance
Motor vehicle	-	25% reducing balance
Office equipment	-	15% reducing balance and 3 years straight line

Investment property

Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. EMPLOYEE NUMBERS

The average number of persons employed by the company during the year amounted to 6 (2024: 6 ).

5. TANGIBLE ASSETS

	Land and buildings	Fixtures and fittings	Motor vehicles	Equipment	Total
	£	£	£	£	£
Cost
At 6 April 2024 (as restated)	16,658,027	405,799	18,397	89,342	17,171,565
Additions	556,336	17,782	–	–	574,118
	---------------	----------	---------	---------	---------------
At 5 April 2025	17,214,363	423,581	18,397	89,342	17,745,683
	---------------	----------	---------	---------	---------------
Depreciation
At 6 April 2024	–	368,935	8,911	89,342	467,188
Charge for the year	–	6,481	2,371	–	8,852
	---------------	----------	---------	---------	---------------
At 5 April 2025	–	375,416	11,282	89,342	476,040
	---------------	----------	---------	---------	---------------
Carrying amount
At 5 April 2025	17,214,363	48,165	7,115	–	17,269,643
	---------------	----------	---------	---------	---------------
At 5 April 2024	16,658,027	36,864	9,486	–	16,704,377
	---------------	----------	---------	---------	---------------

The investment properties were valued by the directors on the 5 April 2025, using the return on investment and the estimated market value to reach a fair value for these properties. On this basis the directors estimate there has been no significant change in the valuations during the period.

6. INVESTMENTS

	Other investments other than loans
	£
Cost
At 6 April 2024 as restated	2,476,763
Additions	698,065
Disposals	( 489,584)
Revaluations	40,668
	-------------
At 5 April 2025	2,725,912
	-------------
Impairment
At 6 April 2024 as restated and 5 April 2025	–
	-------------

Carrying amount
At 5 April 2025	2,725,912
	-------------
At 5 April 2024	2,476,763
	-------------

7. DEBTORS

	2025	2024
		(restated)
	£	£
Trade debtors	113,777	53,442
Prepayments and accrued income	6,790	3,723
Directors loan account	–	12,990
Other debtors	25,722	20,620
	----------	---------
	146,289	90,775
	----------	---------

8. CREDITORS: amounts falling due within one year

	2025	2024
		(restated)
	£	£
Trade creditors	18,767	–
Accruals and deferred income	79,125	59,536
Corporation tax	225,145	218,934
Social security and other taxes	28,673	25,961
Other creditors	3,876	4,094
	----------	----------
	355,586	308,525
	----------	----------

9. CREDITORS: amounts falling due after more than one year

	2025	2024
		(restated)
	£	£
Other creditors	10,100	10,100
	---------	---------

10. PROVISIONS

	Deferred tax (note 11)
	£
At 6 April 2024 (as restated)	1,878,904
Charge against provision	( 670)
	-------------
At 5 April 2025	1,878,234
	-------------

11. DEFERRED TAX

The deferred tax included in the statement of financial position is as follows:

	2025	2024
		(restated)
	£	£
Included in provisions (note 10)	1,878,234	1,878,904
	-------------	-------------

The deferred tax account consists of the tax effect of timing differences in respect of:

	2025	2024
		(restated)
	£	£
Accelerated capital allowances	4,245	4,915
Revaluation of tangible assets	1,873,989	1,873,989
	-------------	-------------
	1,878,234	1,878,904
	-------------	-------------

12. CALLED UP SHARE CAPITAL

Issued, called up and fully paid

	2025		2024
			(restated)
	No.	£	No.	£
Ordinary shares of £ 1 each	75,000	75,000	75,000	75,000
	---------	---------	---------	---------

13. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Mr D C Simpson has an unsecured loan with the company which is repayable on demand. At the year end Mr D C Simpson owed the company £nil (2024 £12,990). the maximum loan from the company during the year was £12,990 (2024: £809,162).