REGISTERED NUMBER: 09043094 (England and Wales)

DSG DEVELOPMENTS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MARCH 2025

Page

Balance Sheet

1

to

2

Notes to the Financial Statements

3

to

6

FIXED ASSETS

Property, plant and equipment

4

84,207

18,147

CURRENT ASSETS

Stocks and work in progress

2,572,447

1,190,591

Debtors

5

58,870

22,644

Cash at bank

50,072

3,290

2,681,389

1,216,525

CREDITORS

Amounts falling due within one year

6

(2,142,685

)

(515,576

)

NET CURRENT ASSETS

538,704

700,949

TOTAL ASSETS LESS CURRENT LIABILITIES

622,911

719,096

CREDITORS

Amounts falling due after more than one year

7

(367,092

)

(408,200

)

NET ASSETS

255,819

310,896

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

255,719

310,796

255,819

310,896

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 4 December 2025 and were signed by:

Mr G S Day - Director

1.	STATUTORY INFORMATION

DSG Developments Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

09043094

Registered office:

Town Wall House

Balkerne Hill

Colchester

Essex

CO3 3AD

For the purposes of presentation, the financial statements are rounded to the nearest Pound Sterling (£).

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, which is stated net of VAT, represents the value of work done in the year including estimates of amounts not invoiced.

Turnover for property sales where the company has acted as a developer is taken to the income statement on the date of legal completion.

Property, plant and equipment

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

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

Stocks and work in progress

Developments are valued by the directors at the lower of cost and net realisable value. Work in progress is valued at prime cost less foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.

Financial instruments

Basic financial instruments are measured at amortised cost.

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.

Long term contracts

Contract work in progress is valued at total costs incurred, less foreseeable losses. Profit on long term contracts is taken as the work is carried out once the final outcome of the project can be assessed with reasonable certainty. Provision is made for losses on contracts in the year which they are foreseen.

Contract work carried out for related parties is charged on a cost plus basis and included in amounts recoverable on contracts at the year end.

Capitalised borrowing costs

Borrowing costs directly attributable to the acquisition, construction, or production of a project are capitalised as part of the cost of that project within work-in-progress. Capitalisation of borrowing costs ceases when substantially all the activities necessary to prepare the project for sale are complete.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2024

41,547

29,577

4,204

75,328

Additions

2,290

76,673

1,089

80,052

Disposals

-

(29,577

)

(54

)

(29,631

)

At 31 March 2025

43,837

76,673

5,239

125,749

DEPRECIATION

At 1 April 2024

27,312

26,970

2,899

57,181

Charge for year

3,779

7,250

719

11,748

Eliminated on disposal

-

(27,351

)

(36

)

(27,387

)

At 31 March 2025

31,091

6,869

3,582

41,542

NET BOOK VALUE

At 31 March 2025

12,746

69,804

1,657

84,207

At 31 March 2024

14,235

2,607

1,305

18,147

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

-

10,005

Other debtors

18,229

1,007

Deferred tax asset

18,639

536

Prepayments and accrued income

22,002

11,096

58,870

22,644

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other loans

1,873,815

201,700

Hire purchase contracts

9,678

-

Trade creditors

128,117

105,589

Amounts due to group undertakings

59,574

135,537

Corporation tax

-

4,557

Other taxes and social

security

16,800

8,450

Directors' current account

18,863

41,400

Accruals and deferred income

35,838

18,343

2,142,685

515,576

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

37,542

-

Director's loan account

329,550

408,200

367,092

408,200

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

47,220

-

Other loans

1,707,115

-

1,754,335

-

There is a fixed and floating charge in favour of Homes and Communities Agency (trading as Homes England) relating to a balance held within Other Loans.

The hire purchase liability is secured on the assets to which it relates.

9.	CAPITALISED BORROWING COSTS

During the year, £101,936.39 (2024: £Nil) of borrowing costs have been capitalised within work-in-progress.