DS Properties (Newport Market) Limited

	Page
Company Information	1
Abridged Balance Sheet	2—3
Notes to the Abridged Financial Statements	4—5

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Abridged Balance Sheet

As At 30 April 2025

Abridged Balance Sheet

Registered number: 12026160

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		72,345		60,484
Investment Properties	5		10,009,500		10,009,500

			10,081,845		10,069,984
CURRENT ASSETS
Debtors		558,613		6,150
Cash at bank and in hand		45,145		28,687

		603,758		34,837
Creditors: Amounts Falling Due Within One Year		(1,506,089 )		(878,637 )

NET CURRENT ASSETS (LIABILITIES)			(902,331 )		(843,800 )

TOTAL ASSETS LESS CURRENT LIABILITIES			9,179,514		9,226,184

Creditors: Amounts Falling Due After More Than One Year			(5,999,990 )		(5,999,990 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(875,364 )		(875,364 )

NET ASSETS			2,304,160		2,350,830

CAPITAL AND RESERVES
Called up share capital	7		1		1
Fair value reserve			2,626,093		2,626,093
Profit and Loss Account			(321,934 )		(275,264 )

SHAREHOLDERS' FUNDS			2,304,160		2,350,830

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DS Properties (Newport Market) 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 5 form part of these financial statements.

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DS Properties (Newport Market) 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 (Newport Market) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12026160 . 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 fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings	Fixtures and fittings are depreciated over 7 years
Computer Equipment	Computer equipment is depreciated over 7 years

2.5. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

3. Average Number of Employees

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

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DS Properties (Newport Market) Limited

Notes to the Abridged Financial Statements (continued)

For The Year Ended 30 April 2025

4. Tangible Assets

	Total
	£
Cost
As at 1 May 2024	76,713
Additions	25,870

As at 30 April 2025	102,583

Depreciation
As at 1 May 2024	16,229
Provided during the period	14,009

As at 30 April 2025	30,238

Net Book Value
As at 30 April 2025	72,345

As at 1 May 2024	60,484

5. Investment Property

	2025
	£
Fair Value
As at 1 May 2024 and 30 April 2025	10,009,500

6. Secured Creditors

Of the creditors the following amounts are secured.

	2025	2024
	£	£
Bank loans and overdrafts	5,999,990	5,999,990
Other Creditors	119,148	-

7. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1	1

8. Related Party Transactions

During the year the company paid management charges to its parent, DS Holdings (Penarth) Limited totalling £59,013 (2024 - £14,354). The company also made repayments to DS Holdings (Penarth) Limited in relation to unsecured, interest free, repayable on demand loans totalling £224,457. At the balance sheet date the amount due from the company to DS Holdings (Penarth) Limited was £145,332 (2024 - £369,789).

During the year the company provided unsecured, interest free, repayable on demand loans to fellow subsidiaries totalling £64,336. At the balance sheet date the amount due to the company from fellow subsidiaries was £74,566 (2024 - £10,200).

During the year the company paid management charges to other participating interests totalling £7,833 (2024 - £Nil). The company also provided unsecured, interest free, repayable on demand loans to other participating interests totalling £41,543. At the balance sheet date the amount due to the company from other participating interests was £41,543 (2024 - £Nil).

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Directors	Mr S M Baston
	Mr A S Baston

Company Number	12026160

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