REGISTERED NUMBER: 10614689 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

DARCY GEORGE INVESTMENTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs Z L Hassall

G A Hassall

N A D Hassall

REGISTERED OFFICE:

Kingsland House

39 Abbey Foregate

Shrewsbury

Shropshire

SY2 6BL

REGISTERED NUMBER:

10614689 (England and Wales)

ACCOUNTANTS:

D.R.E. & Co. Limited

Chartered Accountants

Kingsland House

39 Abbey Foregate

Shrewsbury

Shropshire

SY2 6BL

FIXED ASSETS

Tangible assets

5

119,117

141,451

Investments

6

351,525

351,525

Investment property

7

6,602,822

6,321,355

7,073,464

6,814,331

CURRENT ASSETS

Debtors

8

480,798

364,227

Cash at bank

100,847

200,123

581,645

564,350

CREDITORS

Amounts falling due within one year

9

2,322,361

2,638,566

NET CURRENT LIABILITIES

(1,740,716

)

(2,074,216

)

TOTAL ASSETS LESS CURRENT LIABILITIES

5,332,748

4,740,115

CREDITORS

Amounts falling due after more than one year

10

(1,321,950

)

(1,318,750

)

PROVISIONS FOR LIABILITIES

(110,694

)

(110,694

)

NET ASSETS

3,900,104

3,310,671

CAPITAL AND RESERVES

Called up share capital

100

100

Share premium

13

867,999

867,999

Retained earnings

13

3,032,005

2,442,572

3,900,104

3,310,671

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 directors acknowledge their 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 Board of Directors and authorised for issue on 10 December 2025 and were signed on its behalf by:

N A D Hassall - Director

1.	STATUTORY INFORMATION

Darcy George Investments Limited 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.

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

At the balance sheet date the company had net current liabilities of £1,740,716 (2024: £2,074,216). Included within creditors due within one year is £1,865,591 (2024:,£2,377,470) due to the directors. The directors have confirmed that they will continue to provide financial assistance to the company and therefore the accounts have been prepared on a going concern basis.

The financial statements are for the individual entity only.

The financial statements are presented in sterling (£), rounded to the nearest £1.

Preparation of consolidated financial statements

The financial statements contain information about Darcy George Investments Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

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

Tangible fixed assets

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

Fixtures and fittings - 15% on cost

Motor Vehicles - 15% on cost

Plant and Machinery - 25% reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Investment property

Investment property is shown at fair value. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments.

Basic financial assets, including trade and other receivables and cash and bank balances, are initially recognised at transaction price and subsequently carried at amortised cost with an assessment for objective evidence of impairment. Any impairment is recognised in profit and loss.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards or control of the ownership of the asset are transferred to another party.

Basic financial liabilities including trade and other creditors are initially recognised at transaction price and subsequently carried at amortised cost.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

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.

Fixed asset investments

Listed investments are included at fair value. Changes in fair value are recognised in the income statement. The fair value is based on the mid-market value at the balance sheet date, as given in the portfolio valuation provided by Dragon Investment managers, which is based on Stock Exchange values. Provision is made for impairment of listed investments where there is considered to be a permanent diminution in value Investments are listed on either the UK stock exchange, AIM or non-UK stock exchanges.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

5.	TANGIBLE FIXED ASSETS

Motor

vehicles

£

COST

At 1 April 2024

and 31 March 2025

148,896

DEPRECIATION

At 1 April 2024

7,445

Charge for year

22,334

At 31 March 2025

29,779

NET BOOK VALUE

At 31 March 2025

119,117

At 31 March 2024

141,451

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 April 2024

and 31 March 2025

351,525

NET BOOK VALUE

At 31 March 2025

351,525

At 31 March 2024

351,525

Cost or valuation at 31 March 2025 is represented by:

Shares in

group

Other

undertakings

investments

Totals

£

£

£

Valuation in 2018

-

47,310

47,310

Valuation in 2019

-

72,971

72,971

Valuation in 2020

-

(137,125

)

(137,125

)

Valuation in 2021

-

118,537

118,537

Valuation in 2022

-

43,177

43,177

Valuation in 2023

-

(144,870

)

(144,870

)

Valuation in 2024

(101

)

-

(101

)

Cost

101

351,525

351,626

-

351,525

351,525

7.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

6,373,597

Additions

291,182

At 31 March 2025

6,664,779

DEPRECIATION

At 1 April 2024

52,242

Charge for year

9,715

At 31 March 2025

61,957

NET BOOK VALUE

At 31 March 2025

6,602,822

At 31 March 2024

6,321,355

Included within investment property are six properties located in Chester. The directors consider the fair value of these properties at 31 March 2023 was £1,460,000, based on a valuation provided by a third party agency in the year.

Fair value at 31 March 2025 is represented by:

£

Valuation in 2023

470,707

Cost

6,194,072

6,664,779

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

287,974

331,210

Other debtors

21,029

7,994

VAT

6,736

-

Prepayments

165,059

25,023

480,798

364,227

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Other loans (see note 11)

50,800

-

Hire purchase contracts

25,000

25,000

Trade creditors

182,604

17,109

Tax

55,038

1,358

Social security and other taxes

1,820

-

VAT

-

28,499

Other creditors

51,786

50,554

Directors' current accounts

1,865,592

2,377,470

Accruals and deferred income

89,721

138,576

2,322,361

2,638,566

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans (see note 11)

1,075,000

1,250,000

Other loans (see note 11)

203,200

-

Hire purchase contracts

43,750

68,750

1,321,950

1,318,750

11.

LOANS

During the year, a loan of £254,000 was drawn from Organon Pension Trustees Limited and is repayable

over five years. Interest is charged at 6.75% and is repayable yearly.

In 2023 a loan of £875,000 was drawn from Handelsbanken PLC and is repayable five years from the advance date. Interest is charged at 2.35% above the Bank of England Base Rate and is repayable monthly.

In 2023 a loan of £200,000 was drawn from Svenska Handelsbanken Ab (Publ) and is repayable five years from the advance date. Interest is charged at 2.25% above the London Inter Bank Offered Rate and is repayable monthly.

12.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Bank loans

1,075,000

1,250,000

Other loans

254,000

-

1,329,000

1,250,000

Bank borrowings are subject to a first legal charge in Favour of Svenska Handlesbanken Ab (Publ) in relation to the following properties and their associated assets dated 20 March 2018: 69, Tarvin Road Chester, 1 Cherry Road Broughton, 68 Vernon Road Chester, , 95 Upton Drive Chester, 85 Green Lane Chester and 20 Norton Avenue Chester. A further charge was created on 24 October 2019 in relation to the property and its associated assets at 3 Arrowcroft Road.

Further borrowings are subject to a first legal charge in favour of Handelsbanken PLC in relation to the following properties and their associated assets dated 11 August 2022: 12 Regents Close, 35 Pentland Close, 27 Shaftesbury Avenue, 32 Chichester Street, 26 Vicarage Road and 10 Churton Road.

Other loans are subject to a legal charge in favour of Organon Pension Trustees Limited and members Mr N. Hassall and Mrs Z. Hassall dated 10 February 2025, in relation to the property Queensferry Depot, Factory Road, Sandycroft, Deeside, CH5 2QJ.

13.

RESERVES

Retained

Share

earnings

premium

Totals

£

£

£

At 1 April 2024

2,442,572

867,999

3,310,571

Profit for the year

589,433

589,433

At 31 March 2025

3,032,005

867,999

3,900,004

Included within retained earnings are non distributable reserves of £470,707.

14.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At 31 March 2025 £1,865,591 (2024: £2,377,470) was owed to the directors Mr N. A Hassall, Mrs Z. Hassall and Mr G.A Hassall.

The directors loan account is interest free and repayable at the company's discretion.

15.	ULTIMATE CONTROLLING PARTY