D&D Asset Management Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 10722109

D&D Asset Management Ltd

Filleted Unaudited Financial Statements

31 March 2025

D&D Asset Management Ltd

Financial Statements

Year ended 31 March 2025

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

D&D Asset Management Ltd

Statement of Financial Position

31 March 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	5	1,171,844	887,807
Investments	6	90	24,440
		------------	---------
		1,171,934	912,247

Current assets

Debtors	7	58,508	32,895
Cash at bank and in hand		147,188	8,458
		---------	--------
		205,696	41,353

Creditors: amounts falling due within one year	8	261,015	91,132
		---------	--------
Net current liabilities		55,319	49,779
		------------	---------
Total assets less current liabilities		1,116,615	862,468

Creditors: amounts falling due after more than one year	9	895,276	679,741
		------------	---------
Net assets		221,339	182,727
		------------	---------

Capital and reserves

Called up share capital	2,700	2,700
Share premium account	23,400	23,400
Profit and loss account	195,239	156,627
	---------	---------
Shareholders funds	221,339	182,727
	---------	---------

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 31 March 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 .

D&D Asset Management Ltd

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 11 December 2025 , and are signed on behalf of the board by:

D J O'Connor	D J Chappell
Director	Director

Company registration number: 10722109

D&D Asset Management Ltd

Notes to the Financial Statements

Year ended 31 March 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 Camburgh House, 27 New Dover Road, Canterbury, Kent, CT1 3DN, United Kingdom.

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.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Income 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.

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.

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:

	Freehold property	-	2% straight line

Investments

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

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. 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 other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2024: 2).

5. Tangible assets

	Freehold property
	£
Cost
At 1 April 2024	921,647
Additions	298,451
	------------
At 31 March 2025	1,220,098
	------------
Depreciation
At 1 April 2024	33,840
Charge for the year	14,414
	------------
At 31 March 2025	48,254
	------------
Carrying amount
At 31 March 2025	1,171,844
	------------
At 31 March 2024	887,807
	------------

6. Investments

	Shares in group undertakings
	£
Cost
At 1 April 2024	24,440
Additions	90
Disposals	( 24,440)
	--------
At 31 March 2025	90
	--------
Impairment
At 1 April 2024 and 31 March 2025	–
	--------

Carrying amount
At 31 March 2025	90
	--------
At 31 March 2024	24,440
	--------

7. Debtors

	2025	2024
	£	£
Amounts owed by group undertakings and undertakings in which the company has a participating interest	34,068	–
Other debtors	24,440	32,895
	--------	--------
	58,508	32,895
	--------	--------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	23,037	19,224
Trade creditors	5,071	5,158
Amounts owed to group undertakings and undertakings in which the company has a participating interest	–	52,543
Corporation tax	16,912	11,537
Social security and other taxes	1,946	761
Other creditors	214,049	1,909
	---------	--------
	261,015	91,132
	---------	--------

Bank loans and overdrafts are secured by way of a fixed and floating charge over the company's assets and undertakings.

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

	2025	2024
	£	£
Bank loans and overdrafts	895,276	679,741
	---------	---------

Bank loans and overdrafts are secured by way of a fixed and floating charge over the company's assets and undertakings.

10. Directors' advances, credits and guarantees

At year end £nil (2024: £32,895) was owed to the company by the directors. There were advances of £1,173 in the year. Repayments of £34,068 were made. No interest was charged on the loan.

11. Related party transactions

At year end, the company was owed £34,068 (2024: £nil) by a group company. At year end, the company owed £nil (2024: £52,543) to a company related by common control. At year end, the company was owed £24,440 (2024: £nil) from a company related by common control.