REGISTERED NUMBER: 10334587 (England and Wales)

Financial Statements for the Year Ended 30 April 2025

for

Darby Gate Limited

Previously known as

First City Healthcare Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M C A Trowbridge

K P Trowbridge

S J Trowbridge

REGISTERED OFFICE:

First City House

Cheney Manor Industrial Estate

Swindon

SN2 2QG

REGISTERED NUMBER:

10334587 (England and Wales)

AUDITORS:

Morley & Co (UK) Ltd

Statutory Auditor, Chartered Certified Accountants

2 Cricklade Court

Old Town

Swindon

Wiltshire

SN1 3EY

FIXED ASSETS

Tangible assets

4

-

-

Investment property

5

2,143,891

2,135,677

2,143,891

2,135,677

CURRENT ASSETS

Debtors

6

8,820

4,747

Cash at bank

3,878

26,993

12,698

31,740

CREDITORS

Amounts falling due within one year

7

198,206

200,771

NET CURRENT LIABILITIES

(185,508

)

(169,031

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,958,383

1,966,646

CREDITORS

Amounts falling due after more than one year

8

(1,996,420

)

(1,932,852

)

PROVISIONS FOR LIABILITIES

-

(10,476

)

NET (LIABILITIES)/ASSETS

(38,037

)

23,318

CAPITAL AND RESERVES

Called up share capital

10

10

Retained earnings

(38,047

)

23,308

(38,037

)

23,318

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 14 January 2026 and were signed on its behalf by:

S J Trowbridge - Director

1.	STATUTORY INFORMATION

Darby Gate 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.

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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Fixtures and fittings

-

20% on cost

Computer equipment

-

33% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

Basic financial instruments

Basic financial instruments, including trade and other receivables and payables, cash and bank balances, bank loans and loans to or from other group companies are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 May 2024

and 30 April 2025

63,539

835

64,374

DEPRECIATION

At 1 May 2024

and 30 April 2025

63,539

835

64,374

NET BOOK VALUE

At 30 April 2025

-

-

-

At 30 April 2024

-

-

-

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 May 2024

2,135,677

Additions

8,214

At 30 April 2025

2,143,891

NET BOOK VALUE

At 30 April 2025

2,143,891

At 30 April 2024

2,135,677

The investment property was purchased in February 2017. The directors have determined that as at the balance sheet date the fair value of the property equated to its cost.

6.

DEBTORS

2025

2024

£

£

Amounts falling due within one year:

Prepayments and accrued income

4,159

4,747

Amounts falling due after more than one year:

Deferred tax asset

4,661

-

Aggregate amounts

8,820

4,747

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

72,164

69,004

Trade creditors

-

247

Taxation and social security

119,357

125,040

Other creditors

6,685

6,480

198,206

200,771

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

520,855

592,713

Amounts owed to group undertakings

1,475,565

1,340,139

1,996,420

1,932,852

2025

2024

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

197,448

283,466

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

593,019

661,717

The bank loan was previously secured on the property of the company and by guarantee from the parent company. The bank loan was repaid in full on 24th October 2025 and the charge over the property was subsequently satisfied.

10.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Paul King FCCA (Senior Statutory Auditor)

for and on behalf of Morley & Co (UK) Ltd

11.	ULTIMATE CONTROLLING PARTY

The company is under the control of Keith Trowbridge, Mary Trowbridge and Stephen Trowbridge.

The ultimate parent company is Darby Investments Ltd (previously known as First City Nursing & Care Ltd), a company incorporated in England and Wales. Accounts are available from Companies House, Crown Way, Cardiff, CF14 3UZ.

12.	GOING CONCERN

At the balance sheet date the company had net current liabilities of £185,508 (2024: £169,031), a negative balance sheet of £38,037 (2024: positive balance sheet of £23,318) and made a trading loss for the year of £76,492 (2024: trading profit for the year of £11,980).

The directors have considered the cashflow and profitability of the business and they are of the opinion that the company will generate sufficient revenues to enable the company to meet its day to day trading needs and support is also available from the parent where required.

Consequently, the directors continue to believe that the going concern basis is appropriate in the preparation of these accounts.

If adoption of the going concern basis were inappropriate, adjustments would be required to write down assets to their recoverable value, to reclassify fixed assets as current assets and to provide for any further liabilities that may arise.