Registration number: 13055098

Deacon Plymouth Properties Ltd

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 7

Deacon Plymouth Properties Ltd

Company Information

Director

Mr Tony Deacon

Registered office

1 Market Hill Calne Wiltshire SN11 0BT

Accountants

RiverView Portfolio Limited 1 Market Hill Calne Wiltshire SN11 0BT

Deacon Plymouth Properties Ltd

(Registration number: 13055098)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	5	16,278	-
Investment property	6	3,215,000	2,299,718
		3,231,278	2,299,718
Current assets
Debtors	7	2,443	1,140
Cash at bank and in hand		642	1,638
		3,085	2,778
Creditors: Amounts falling due within one year	8	(54,444)	(723,064)
Net current liabilities		(51,359)	(720,286)
Total assets less current liabilities		3,179,919	1,579,432
Creditors: Amounts falling due after more than one year	8	(2,709,830)	(1,486,368)
Provisions for liabilities		(200,273)	(102,930)
Net assets/(liabilities)		269,816	(9,866)
Capital and reserves
Called up share capital		100	100
Revaluation reserve		853,794	438,805
Retained earnings		(584,078)	(448,771)
Shareholders' funds/(deficit)		269,816	(9,866)

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the director on 19 December 2025
 

Deacon Plymouth Properties Ltd

(Registration number: 13055098)
Balance Sheet as at 31 December 2024 (continued)

......................................... Mr Tony Deacon Director

Deacon Plymouth Properties Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
1 Market Hill
Calne
Wiltshire
SN11 0BT
England

These financial statements were authorised for issue by the director on 19 December 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Motor Vehicles	20% Reducing Balance
Computer Equipment	20% Straight Line

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Deacon Plymouth Properties Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

2	Accounting policies (continued)

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2023 - 0).

Deacon Plymouth Properties Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

4	Loss before tax

Arrived at after charging/(crediting)

	2024 £	2023 £
Depreciation expense	4,070	-

5	Tangible assets

	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
Additions	2,348	18,000	20,348
At 31 December 2024	2,348	18,000	20,348
Depreciation
Charge for the year	470	3,600	4,070
At 31 December 2024	470	3,600	4,070
Carrying amount
At 31 December 2024	1,878	14,400	16,278

6	Investment properties

	2024 £
At 1 January	2,299,718
Additions	402,951
Fair value adjustments	512,331
At 31 December	3,215,000

The fair value of the property at 31 December 2024 has been arrived at on the basis of a valuation carried out
at that date by the director of the company, who is not a professionally qualified valuer. The valuation of
£3,215,000 was arrived at by reference to the market evidence of transaction prices for similar properties in its
location the property is situated

7

Debtors

Deacon Plymouth Properties Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

7	Debtors (continued)

Current	2024 £	2023 £
Prepayments	2,443	1,140
	2,443	1,140

8

Creditors

Creditors: amounts falling due within one year

	Note	2024 £	2023 £
Due within one year
Loans and borrowings		52,485	722,403
Accruals and deferred income		660	660
Other creditors		1,299	1
		54,444	723,064

Creditors: amounts falling due after more than one year

	Note	2024 £	2023 £
Due after one year
Loans and borrowings		2,686,238	1,482,768
Other non-current financial liabilities		23,592	3,600
		2,709,830	1,486,368