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Registered number: 02235254
D & S Properties and Leisure Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 02235254
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 6,341 8,400
Investment Properties 5 1,876,999 1,876,999
Investments 6 310,997 346,410
2,194,337 2,231,809
CURRENT ASSETS
Stocks 7 50 50
Debtors 8 204,153 200,064
Cash at bank and in hand 40,884 55,152
245,087 255,266
Creditors: Amounts Falling Due Within One Year 9 (10,456 ) (4,679 )
NET CURRENT ASSETS (LIABILITIES) 234,631 250,587
TOTAL ASSETS LESS CURRENT LIABILITIES 2,428,968 2,482,396
PROVISIONS FOR LIABILITIES
Deferred Taxation (272,858 ) (273,373 )
NET ASSETS 2,156,110 2,209,023
CAPITAL AND RESERVES
Called up share capital 10 45,025 45,025
Revaluation reserve 12 811,719 811,719
Other reserves 489,692 489,692
Profit and Loss Account 809,674 862,587
SHAREHOLDERS' FUNDS 2,156,110 2,209,023
Page 1
Page 2
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.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Susan Bell
Director
23 December 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
D & S Properties and Leisure Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02235254 . The registered office is Bronte House Eastcote Road, Tiffield, Towcester, Northamptonshire, NN12 8AF.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
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. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% reducing balance
Motor Vehicles 25% reducing balance
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2024: 2)
3 2
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 April 2024 4,699 17,975 22,674
As at 31 March 2025 4,699 17,975 22,674
Depreciation
As at 1 April 2024 3,882 10,392 14,274
Provided during the period 163 1,896 2,059
As at 31 March 2025 4,045 12,288 16,333
Net Book Value
As at 31 March 2025 654 5,687 6,341
As at 1 April 2024 817 7,583 8,400
5. Investment Property
2025
£
Fair Value
As at 1 April 2024 and 31 March 2025 1,876,999
6. Investments
Listed
£
Cost
As at 1 April 2024 346,410
Additions 17,875
Disposals (26,098 )
Revaluations (27,190 )
As at 31 March 2025 310,997
Provision
As at 1 April 2024 -
As at 31 March 2025 -
Net Book Value
As at 31 March 2025 310,997
As at 1 April 2024 346,410
7. Stocks
2025 2024
£ £
Stock 50 50
Page 4
Page 5
8. Debtors
2025 2024
£ £
Due within one year
Trade debtors 644 7,748
Other debtors 203,509 192,316
204,153 200,064
9. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 565 41
Other creditors 9,188 2,675
Taxation and social security 703 1,963
10,456 4,679
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 45,025 45,025
11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2024 Amounts advanced Amounts repaid Amounts written off As at 31 March 2025
£ £ £ £ £
Mrs Susan Bell 149,570 - - - 135,991
The above loan is unsecured, interest free and repayable on demand.
12. Reserves
Revaluation Reserve
£
As at 1 April 2024 811,719
As at 31 March 2025 811,719
Page 5