DJE PROPERTIES LIMITED


Director	EVANS, Dafydd Joseph


Registered Address	Cae Pant
	Rhydyfelin
	Aberystwyth
	SY23 4PY


Registered Number	09833251 (England and Wales)

Balance Sheet as at
31 March 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		11,729		15,876
Investments	5		89,224		-
Investment property	4		7,572,498		7,339,672
			7,673,451		7,355,548
Current assets
Debtors	6	780,636		865,448
Cash at bank and on hand		62,099		53,665
		842,735		919,113
Creditors amounts falling due within one year	7	(2,767,200)		(2,560,951)
Net current assets (liabilities)			(1,924,465)		(1,641,838)
Total assets less current liabilities			5,748,986		5,713,710
Creditors amounts falling due after one year	8		(3,529,668)		(3,596,000)
Provisions for liabilities	9		(186,302)		(142,234)
Net assets			2,033,016		1,975,476
Capital and reserves
Called up share capital			102		102
Share premium			1,357,735		1,357,735
Profit and loss account			675,179		617,639
Shareholders' funds			2,033,016		1,975,476

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 5 December 2025, and are signed on its behalf by:

EVANS, Dafydd Joseph
Director
Registered Company No. 09833251

DJE PROPERTIES LIMITED

Notes to the Financial Statements
for the year ended 31 March 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Going concern
	The director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

	Revenue from sale of goods
	Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

Revenue from sale of goods

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:


		Straight line (years)
	Plant and machinery	4
	Fixtures and fittings	4

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

Investments

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Investment property
	The investment property is accounted for under FRS 102, Section 16 Investment Property. Investment property is remeasured to fair value at each balance sheet date with fair value gains and losses being reported in profit or loss.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	2		2

3.	Tangible fixed assets

	Plant & machinery	Fixtures & fittings	Total
	£	£	£
Cost or valuation
At 01 April 24	15,173	5,000	20,173
Additions	1,000	-	1,000
At 31 March 25	16,173	5,000	21,173
Depreciation and impairment
At 01 April 24	547	3,750	4,297
Charge for year	3,897	1,250	5,147
At 31 March 25	4,444	5,000	9,444
Net book value
At 31 March 25	11,729	-	11,729
At 31 March 24	14,626	1,250	15,876

4.	Investment property
	Investment property has been valued based on the director's consideration of fair value.


		£
	Fair value at 01 April 24	7,339,672
	Additions	56,554
	Fair value adjustments	176,272
	At 31 March 25	7,572,498

5.	Fixed asset investments

	Other investments¹	Total
	£	£
Cost or valuation
Additions	100,034	100,034
Revaluations	(10,810)	(10,810)
At 31 March 25	89,224	89,224
Net book value
At 31 March 25	89,224	89,224
At 31 March 24	-	-

	Notes
	¹Other investments other than loans

6.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	18,060	28,699
Amounts owed by group undertakings	560,673	525,275
Other debtors	200,687	311,437
Prepayments and accrued income	1,216	37
Total	780,636	865,448

7.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	52,651	10,942
Bank borrowings and overdrafts	100,000	100,000
Amounts owed to related parties	2,602,026	2,422,978
Taxation and social security	3,837	16,342
Accrued liabilities and deferred income	8,686	10,689
Total	2,767,200	2,560,951

8.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	3,529,668	3,596,000
Total	3,529,668	3,596,000

9.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	186,302	142,234
Total	186,302	142,234

10.	Directors advances, credits and guarantees
	As at the balance sheet date the director owed the company £193,108 (2024: £303,858). Interest is charged at a commercial rate and the amount is repayable in full on demand.

11.	Related party transactions
	As at the balance sheet date the company was owed £560,673 (2024: £525,275) by other group companies. The company also owed £2,602,026 (2023: £2,422,978) to other group companies.