Registration number: 13526017

D & L Properties (Lancashire) Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 6

D & L Properties (Lancashire) Limited

Company Information

Directors

D V Grocott L M Grocott D H McGowan

Registered office

Brookdale Station Road Prees Shropshire SY13 2DW

Accountants

CBSL Accountants Limited Chartered Accountants Rowan House North 1 The Professional Quarter Shrewsbury Business Park Shrewsbury Shropshire SY2 6LG

D & L Properties (Lancashire) Limited

(Registration number: 13526017)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	204	305
Investment property	5	2,614,675	2,724,660
		2,614,879	2,724,965
Current assets
Debtors	6	85,006	84,405
Cash at bank and in hand		111,118	49,245
		196,124	133,650
Creditors: Amounts falling due within one year	7	(2,683,771)	(2,721,077)
Net current liabilities		(2,487,647)	(2,587,427)
Net assets		127,232	137,538
Capital and reserves
Called up share capital	8	120	120
Retained earnings		127,112	137,418
Shareholders' funds		127,232	137,538

For the financial 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their 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 special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 19 December 2025 and signed on its behalf by:
 

L M Grocott Director

D H McGowan Director

D & L Properties (Lancashire) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

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

The address of its registered office is:
Brookdale
Station Road
Prees
Shropshire
SY13 2DW

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.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

D & L Properties (Lancashire) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

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
Plant and machinery	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.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2024 - 2).

D & L Properties (Lancashire) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4	Tangible assets

	Other tangible assets £	Total £
Cost or valuation
At 1 April 2024	505	505
At 31 March 2025	505	505
Depreciation
At 1 April 2024	200	200
Charge for the year	101	101
At 31 March 2025	301	301
Carrying amount
At 31 March 2025	204	204
At 31 March 2024	305	305

5	Investment properties

	2025 £
At 1 April	2,724,660
Fair value adjustments	(109,985)
At 31 March	2,614,675

The directors are satisfied that the investment properties are held at fair value.

There has been no valuation of investment property by an independent valuer.

D & L Properties (Lancashire) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

6

Debtors

	2025 £	2024 £
Prepayments	16,334	15,733
Other debtors	68,672	68,672
	85,006	84,405

7

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Trade creditors	20,886	4,347
Taxation and social security	39,458	43,320
Accruals and deferred income	10,833	9,970
Other creditors	2,612,594	2,663,440
	2,683,771	2,721,077

8	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary of £1 each	120	120	120	120

9	Related party transactions

At 31 March 2025 there is a balance of £2,565,094 (2024 - £2,663,440) due to the directors, which is included in other creditors. This balance is unsecured, interest free and has no fixed terms of repayment.

At the year end a balance of £68,672 (2024 - £68,672) was due from a company controlled by the directors, which is included in debtors.