IRIS Accounts Production v25.4.0.155 02788805 Board of Directors 1.4.24 31.3.25 31.3.25 false true false false true false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 02788805 2024-03-31 02788805 2025-03-31 02788805 2024-04-01 2025-03-31 02788805 2023-03-31 02788805 2023-04-01 2024-03-31 02788805 2024-03-31 02788805 ns15:EnglandWales 2024-04-01 2025-03-31 02788805 ns14:PoundSterling 2024-04-01 2025-03-31 02788805 ns10:Director1 2024-04-01 2025-03-31 02788805 ns10:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 02788805 ns10:SmallEntities 2024-04-01 2025-03-31 02788805 ns10:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 02788805 ns10:SmallCompaniesRegimeForDirectorsReport 2024-04-01 2025-03-31 02788805 ns10:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 02788805 ns10:FullAccounts 2024-04-01 2025-03-31 02788805 ns10:Director2 2024-04-01 2025-03-31 02788805 ns10:Director3 2024-04-01 2025-03-31 02788805 ns10:Director4 2024-04-01 2025-03-31 02788805 ns10:Director5 2024-04-01 2025-03-31 02788805 ns10:CompanySecretary1 2024-04-01 2025-03-31 02788805 ns10:RegisteredOffice 2024-04-01 2025-03-31 02788805 ns5:CurrentFinancialInstruments 2025-03-31 02788805 ns5:CurrentFinancialInstruments 2024-03-31 02788805 ns5:Non-currentFinancialInstruments 2025-03-31 02788805 ns5:Non-currentFinancialInstruments 2024-03-31 02788805 ns5:ShareCapital 2025-03-31 02788805 ns5:ShareCapital 2024-03-31 02788805 ns5:RevaluationReserve 2025-03-31 02788805 ns5:RevaluationReserve 2024-03-31 02788805 ns5:RetainedEarningsAccumulatedLosses 2025-03-31 02788805 ns5:RetainedEarningsAccumulatedLosses 2024-03-31 02788805 ns5:LandBuildings 2024-03-31 02788805 ns5:FurnitureFittings 2024-03-31 02788805 ns5:ComputerEquipment 2024-03-31 02788805 ns5:LandBuildings 2024-04-01 2025-03-31 02788805 ns5:FurnitureFittings 2024-04-01 2025-03-31 02788805 ns5:ComputerEquipment 2024-04-01 2025-03-31 02788805 ns5:LandBuildings 2025-03-31 02788805 ns5:FurnitureFittings 2025-03-31 02788805 ns5:ComputerEquipment 2025-03-31 02788805 ns5:LandBuildings 2024-03-31 02788805 ns5:FurnitureFittings 2024-03-31 02788805 ns5:ComputerEquipment 2024-03-31 02788805 ns5:CostValuation 2024-03-31 02788805 ns5:CostValuation 2025-03-31 02788805 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-03-31 02788805 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-03-31 02788805 ns5:RevaluationReserve 2024-03-31

REGISTERED NUMBER: 02788805 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Darum Properties Limited

| Darum Properties Limited (Registered number: 02788805) |

Contents of the Financial Statements

for the Year Ended 31 March 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| Darum Properties Limited |

Company Information

for the Year Ended 31 March 2025

| DIRECTORS: | Mrs S Murad

| Mr D N Murad

| Mr A S Murad

| Ms L Swimer

| Mrs B A Gold

| SECRETARY: | Mr A S Murad

| REGISTERED OFFICE: | 1st Floor

| 314 Regents Park Road

| Finchley

| London

| N3 2LT

| REGISTERED NUMBER: | 02788805 (England and Wales)

| ACCOUNTANTS: | Wolfson Associates Limited

| 1st Floor

| 314 Regents Park Road

| Finchley

| London

| N3 2LT

| Darum Properties Limited (Registered number: 02788805) |

Balance Sheet

31 March 2025

| 31.3.25 | 31.3.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 667,841 |  | 669,765 |  |

Investments | 5 | 838,169 |  | 838,082 |  |

1,506,010 |  | 1,507,847 |  |

CURRENT ASSETS

Stocks | 3,756,510 |  | 3,317,191 |  |

Debtors | 6 | 3,336,806 |  | 4,907,554 |  |

Cash at bank | 1,623,196 |  | 921,096 |  |

8,716,512 |  | 9,145,841 |  |

CREDITORS

Amounts falling due within one year | 7 | 1,680,322 |  | 2,423,892 |  |

NET CURRENT ASSETS | 7,036,190 |  | 6,721,949 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 8,542,200 |  | 8,229,796 |  |

CREDITORS

Amounts falling due after more than one year | 8 | 9,289,200 |  | 9,289,200 |  |

NET LIABILITIES | (747,000 | ) | (1,059,404 | ) |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Revaluation reserve | 9 | 358,069 |  | 358,069 |  |

Retained earnings | (1,105,169 | ) | (1,417,573 | ) |

(747,000 | ) | (1,059,404 | ) |

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.

| Darum Properties Limited (Registered number: 02788805) |

Balance Sheet - continued

31 March 2025

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 8 December 2025 and were signed on its behalf by:

Mr A S Murad - Director

| Darum Properties Limited (Registered number: 02788805) |

Notes to the Financial Statements

for the Year Ended 31 March 2025

1. | STATUTORY INFORMATION

| Darum Properties 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.

| The presentation currency of the financial statements is the Pound Sterling (£).

2. | 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 as modified by the revaluation of certain assets.

| These financial statements have been drawn up on the going concern basis which assumes that the existing credit facilities will continue to be made available to the company. The directors consider it appropriate to prepare the financial statements on the going concern basis.

| The financial statements are prepared in sterling, which is the functional currency of the entity.

| Turnover

| Turnover relates to the company's share of profits in its joint property investment.

| Tangible fixed assets

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

| Stocks

| Stock relates to a property held for resale which is valued at the lower of cost and net realisable value.

| 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.

| Darum Properties Limited (Registered number: 02788805) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

2. | ACCOUNTING POLICIES - continued

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

| Investment property

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

| Furniture and equipment |  | - |  | 15% on reducing balance |  |

| Computer equipment |  | - |  | 15% on reducing balance |  |

| Investment properties for which fair value can be measured reliably without undue cost or effort are measured at fair value at each reporting date with changes in fair value recognised in profit or loss.

| Surpluses arising on the revaluation of individual investment property are credited to a non-distributable revaluation reserve.

| The investment property fair value of £650,000 (2024 : £650,000) was determined by the directors.

| Investments in associates

| Investments in associate undertakings are recognised at cost less any provision for impairment..

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 5 (2024 - 5 ) .

4. | TANGIBLE FIXED ASSETS

| Fixtures |

| Freehold |  | and |  | Computer |

| property |  | fittings |  | equipment |  | Totals

£ | £ | £ | £ |

| COST OR VALUATION

| At 1 April 2024 | 650,000 |  | 17,328 |  | 56,933 |  | 724,261 |  |

| Additions | - |  | - |  | 1,224 |  | 1,224 |  |

| At 31 March 2025 | 650,000 |  | 17,328 |  | 58,157 |  | 725,485 |  |

| DEPRECIATION

| At 1 April 2024 | - |  | 9,827 |  | 44,669 |  | 54,496 |  |

| Charge for year | - |  | 1,125 |  | 2,023 |  | 3,148 |  |

| At 31 March 2025 | - |  | 10,952 |  | 46,692 |  | 57,644 |  |

| NET BOOK VALUE

| At 31 March 2025 | 650,000 |  | 6,376 |  | 11,465 |  | 667,841 |  |

| At 31 March 2024 | 650,000 |  | 7,501 |  | 12,264 |  | 669,765 |  |

| Darum Properties Limited (Registered number: 02788805) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

4. | TANGIBLE FIXED ASSETS - continued

| Cost or valuation at 31 March 2025 is represented by:

| Fixtures |

| Freehold |  | and |  | Computer |

| property |  | fittings |  | equipment |  | Totals

£ | £ | £ | £ |

| Valuation in 2021 | 358,069 |  | - |  | - |  | 358,069 |  |

| Cost | 291,931 |  | 17,328 |  | 58,157 |  | 367,416 |  |

650,000 |  | 17,328 |  | 58,157 |  | 725,485 |  |

| In the opinion of the directors there is no change in the market value of the investment property as at 31st March 2025.

5. | FIXED ASSET INVESTMENTS

| Interest

| in joint

| venture

£ |

| COST

| At 1 April 2024 | 838,082 |  |

| Share of profit/(loss) | 87 |  |

| At 31 March 2025 | 838,169 |  |

| NET BOOK VALUE

| At 31 March 2025 | 838,169 |  |

| At 31 March 2024 | 838,082 |  |

| The investment in joint venture represents a 50% share in an investment property.

| The results of the joint venture investment for the financial years are as follows:

|  | 2025 |  | 2024 |  |

|  | £ |  | £ |  |

| Rent receivable |  | 129,000 |  | 129,000 |  |

| Profit for the year |  | 124,759 |  | 127,856 |  |

| Fixed assets |  | 1,705,486 |  | 1,705,486 |  |

| Current assets |  | 36,975 |  | 37,677 |  |

| Liabilities: payable within one year |  | (66,157 | ) | (67,000 | ) |

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.3.25 |  | 31.3.24

£ | £ |

| Trade debtors | 15,704 |  | 26,719 |  |

| Other debtors | 3,321,102 |  | 4,880,835 |  |

3,336,806 |  | 4,907,554 |  |

| Darum Properties Limited (Registered number: 02788805) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.3.25 |  | 31.3.24

£ | £ |

| Trade creditors | - |  | 721 |  |

| Taxation and social security | 103,065 |  | 13,459 |  |

| Other creditors | 1,577,257 |  | 2,409,712 |  |

1,680,322 |  | 2,423,892 |  |

8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 31.3.25 |  | 31.3.24

£ | £ |

| Other creditors | 9,289,200 |  | 9,289,200 |  |

9. | RESERVES

| Revaluation

| reserve

£ |

| At 1 April 2024

| and 31 March 2025 | 358,069 |  |

10. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| Included within creditors are loans from the directors amounting to £10,841,777 (2024 : £11,597,962).