REGISTERED NUMBER: 02788805 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Darum Properties Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

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

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.

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

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.

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

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

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).