REGISTERED NUMBER: 03554980 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

DOUGLAS VALLEY PROPERTIES LTD.

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

A R Thatcher

A J Clarke

REGISTERED OFFICE:

Wigan Investment Centre

Waterside Drive

Swan Meadow Road

Wigan

Greater Manchester

WN3 5BA

REGISTERED NUMBER:

03554980 (England and Wales)

ACCOUNTANTS:

Fairhurst Accountants Ltd

Chartered Accountants

Douglas Bank House

Wigan Lane

Wigan

Lancashire

WN1 2TB

BANKERS:

The Co-operative Bank plc

PO Box 101

1 Balloon Street

Manchester

M60 4EP

FIXED ASSETS

Tangible assets

3

-

18,439

CURRENT ASSETS

Debtors

4

250,834

255,345

Cash at bank

39,220

39,340

290,054

294,685

CREDITORS

Amounts falling due within one year

5

-

4,511

NET CURRENT ASSETS

290,054

290,174

TOTAL ASSETS LESS CURRENT LIABILITIES

290,054

308,613

RESERVES

Other reserves

6

-

59,946

Income and expenditure account

6

290,054

248,667

290,054

308,613

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 surplus or deficit 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 17 December 2025 and were signed on its behalf by:

A R Thatcher - Director

1.	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.

Tangible fixed assets

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

Short leasehold

-

4% on cost

Improvements to property

-

20% on cost and 15% on cost

Plant and machinery

-

at varying rates on cost

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as trade and other accounts receivable and payable. Basic financial instruments are recognised at 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 statement of financial position date.

2.	EMPLOYEES AND DIRECTORS

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

3.	TANGIBLE FIXED ASSETS

Improvements

Short

to

Plant and

leasehold

property

machinery

Totals

£

£

£

£

COST

At 1 April 2024

194,872

50,365

88,880

334,117

Disposals

(194,872

)

(50,365

)

(88,880

)

(334,117

)

At 31 March 2025

-

-

-

-

DEPRECIATION

At 1 April 2024

176,433

50,365

88,880

315,678

Eliminated on disposal

(176,433

)

(50,365

)

(88,880

)

(315,678

)

At 31 March 2025

-

-

-

-

NET BOOK VALUE

At 31 March 2025

-

-

-

-

At 31 March 2024

18,439

-

-

18,439

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

67,006

67,006

Other debtors

183,828

188,339

250,834

255,345

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Tax

-

2,810

Accrued expenses

-

1,701

-

4,511

6.

RESERVES

Income

and

expenditure

Other

account

reserves

Totals

£

£

£

At 1 April 2024

248,667

59,946

308,613

Deficit for the year

(18,559

)

(18,559

)

Transfer between reserves

59,946

(59,946

)

-

At 31 March 2025

290,054

-

290,054

7.	POST BALANCE SHEET EVENTS

The Directors have transferred all legal title of properties, intend to deregister for VAT and the company would then be dissolved.

Documented in post year-end board minutes, the amounts owing from WMDC (Investments) Ltd - held as debtors - have agreed to be transferred to Douglas Valley Community Ltd as a donation. The balance of £250,828 was paid in November 2025.

8.	ULTIMATE CONTROLLING PARTY

The controlling party is the board of directors, there is no individual controlling party.

9.	LIMITED BY GUARANTEE

The Company is a Company limited by guarantee. The board members have each, in the event of a winding up undertaken to contribute an amount not exceeding £10 as stated in the Memorandum of Association and Articles of Association.