DS Properties (Goods Shed) Limited

	Page
Company Information	1
Abridged Balance Sheet	2—3
Notes to the Abridged Financial Statements	4—6

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Abridged Balance Sheet

As At 30 April 2025

Abridged Balance Sheet

Registered number: 11311473

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		6,075,952		6,007,071

			6,075,952		6,007,071
CURRENT ASSETS
Debtors		347,870		214,463
Cash at bank and in hand		43,191		50,870

		391,061		265,333
Creditors: Amounts Falling Due Within One Year		(1,304,358 )		(1,109,354 )

NET CURRENT ASSETS (LIABILITIES)			(913,297 )		(844,021 )

TOTAL ASSETS LESS CURRENT LIABILITIES			5,162,655		5,163,050

Creditors: Amounts Falling Due After More Than One Year			(3,554,556 )		(3,509,257 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(295,165 )		(277,073 )

NET ASSETS			1,312,934		1,376,720

CAPITAL AND RESERVES
Called up share capital	7		4		4
Revaluation reserve			831,220		831,220
Profit and Loss Account			481,710		545,496

SHAREHOLDERS' FUNDS			1,312,934		1,376,720

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DS Properties (Goods Shed) Limited

Abridged Balance Sheet (continued)

As At 30 April 2025

For the year ending 30 April 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.

All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 30 April 2025 in accordance with section 444(2A) of the Companies Act 2006.

On behalf of the board

Mr S M Baston

Director

14 November 2025

The notes on pages 4 to 6 form part of these financial statements.

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DS Properties (Goods Shed) Limited

Notes to the Abridged Financial Statements

For The Year Ended 30 April 2025

Notes to the Abridged Financial Statements

1. General Information

DS Properties (Goods Shed) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11311473 . The registered office is Number One Property Management Office, M1.06 Mezzanine Level, Newport Market, Newport, NP20 1FX.

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. Significant judgements and estimations

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period the revision and future periods where the revisions affects both current and future periods

2.3. 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.

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.

2.4. Tangible Fixed Assets and Depreciation

Tangible assets are stated in the balance sheet at market value, as valued by the directors.

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

and installation.

No depreciation has been charged on the Land and Buildings.

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:

Freehold	Follows revaluation model
Motor Vehicles	20% Straight line
Computer Equipment	20% Straight line

2.5. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

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DS Properties (Goods Shed) Limited

Notes to the Abridged Financial Statements (continued)

For The Year Ended 30 April 2025

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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2024: 2)

4. Tangible Assets

	Total
	£
Cost
As at 1 May 2024	6,008,069
Additions	82,423

As at 30 April 2025	6,090,492

Depreciation
As at 1 May 2024	998
Provided during the period	13,542

As at 30 April 2025	14,540

Net Book Value
As at 30 April 2025	6,075,952

As at 1 May 2024	6,007,071

Included within the net book value of land and buildings above is £5,972,141 (2024 - £5,970,076) in respect of freehold land and buildings.

5. Secured Creditors

Of the creditors the following amounts are secured.

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	84,506	32,401
Bank loans and overdrafts	3,716,473	3,481,050

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DS Properties (Goods Shed) Limited

Notes to the Abridged Financial Statements (continued)

For The Year Ended 30 April 2025

6. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	11,000	4,194
Later than one year and not later than five years	73,506	28,207

	84,506	32,401

	84,506	32,401

7. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	4	4

8. Directors Advances, Credits and Guarantees

Amounts disclosed in the balance sheet

Included in the balance sheet are guarantees of £600,000 (2024 - £600,000). The director has provided personal guarantees on these creditors.

9. Related Party Transactions

During the year the company made repayments to its parent, DS Holdings (Penarth) Limited, in relation to unsecured, interest free, repayable on demand loans totalling £153,701. At the balance sheet date the amount due from the company to DS Holdings (Penarth) Limited was £350,394 (2024 - £504,095).

During the year the company provided unsecured, interest free, repayable on demand loans to fellow subsidiaries totalling £66,794. At the balance sheet date the amount due to the company from fellow subsidiaries was £145,521 (2024 - £78,727).

During the year the company recieved an unsecured, interest free, repayable on demand loan from an other participating interest totalling £5,994. At the balance sheet date the amount due from the company to the other participating interest was £5,994 (2024 - £Nil).

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Directors	Mr S M Baston
	Mr A S Baston

Company Number	11311473

Registered Office	Number One Property Management Office
	M1.06 Mezzanine Level
	Newport Market
	Newport
	NP20 1FX

Accountants	HSJ Accountants Ltd
	Severn House
	Hazell Drive
	Newport
	NP10 8FY