Company registration number 03503312 (England and Wales)
DUDMAN (LOWESTOFT) LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
DUDMAN (LOWESTOFT) LIMITED
CONTENTS
Page
Balance sheet
2 - 3
Notes to the financial statements
4 - 8
DUDMAN (LOWESTOFT) LIMITED
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF DUDMAN (LOWESTOFT) LIMITED FOR THE YEAR ENDED 31 MARCH 2025
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Dudman (Lowestoft) Limited for the year ended 31 March 2025 which comprise, the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.

This report is made solely to the b oard of d irectors of Dudman (Lowestoft) Limited, as a body, in accordance with the terms of our engagement letter dated 24 November 2023. Our work has been undertaken solely to prepare for your approval the financial statements of Dudman (Lowestoft) Limited and state those matters that we have agreed to state to the b oard of d irectors of Dudman (Lowestoft) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Dudman (Lowestoft) Limited and its b oard of d irectors as a body, for our work or for this report.

It is your duty to ensure that Dudman (Lowestoft) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Dudman (Lowestoft) Limited. You consider that Dudman (Lowestoft) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Dudman (Lowestoft) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory f inancial statements.

Carpenter Box
24 March 2026
Chartered Accountants
5 Peveril Court
6-8 London Road
Crawley
West Sussex
RH10 8JE
DUDMAN (LOWESTOFT) LIMITED
BALANCE SHEET
AS AT 31 MARCH 2025
31 March 2025
- 2 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
534,664
550,996
Current assets
Debtors
4
73,983
93,548
Cash at bank and in hand
571
4,682
74,554
98,230
Creditors: amounts falling due within one year
5
(801,260)
(682,735)
Net current liabilities
(726,706)
(584,505)
Total assets less current liabilities
(192,042)
(33,509)
Creditors: amounts falling due after more than one year
6
-
0
(12,500)
Provisions for liabilities
7
(2,350)
(4,377)
Net liabilities
(194,392)
(50,386)
Capital and reserves
Called up share capital
8
5,000
5,000
Revaluation reserve
305,979
312,511
Profit and loss reserves
(505,371)
(367,897)
Total equity
(194,392)
(50,386)

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

DUDMAN (LOWESTOFT) LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2025
31 March 2025
- 3 -
The financial statements were approved and signed by the director and authorised for issue on 24 March 2026
Mr S Dudman
Director
Company registration number 03503312 (England and Wales)
DUDMAN (LOWESTOFT) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 4 -
1
Accounting policies
Company information

Dudman (Lowestoft) Limited is a private company limited by shares incorporated in England and Wales. The registered office is Albion Wharf, Albion Street, Southwick, West Sussex, BN42 4ED.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of leasehold property. The principal accounting policies adopted are set out below.

1.2
Going concern

The director consider true s the going concern basis appropriate despite the negative reserves. The company meets its working capital requirement by way of support from connected companies. The director believe s future forecasts, together with support from connected companies are satisfactory to ensure the going concern basis of accounting is appropriate.

Based on these assessments and having regard to the resources available to the entity, the director has concluded that there is no material uncertainty in relation to the appropriateness of continuing to adopt the going concern basis in preparing the annual report and accounts.

1.3
Turnover

Turnover represents amounts receivable for rents, on a time apportioned basis, from subletting of leasehold properties.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold land and buildings
Over the remaining life of the lease
Plant and equipment
10% - 20% straight line
Computers
20% - 33% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

DUDMAN (LOWESTOFT) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 5 -
1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at cost. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans and loans from fellow group companies, are initially recognised at transaction price. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.9
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

1.10
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.11
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

DUDMAN (LOWESTOFT) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 6 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was 3 (2024 - 3).

3
Tangible fixed assets
Leasehold land and buildings
Plant and machinery etc
Total
£
£
£
Cost or valuation
At 1 April 2024 and 31 March 2025
777,437
78,970
856,407
Depreciation and impairment
At 1 April 2024
231,756
73,655
305,411
Depreciation charged in the year
14,738
1,594
16,332
At 31 March 2025
246,494
75,249
321,743
Carrying amount
At 31 March 2025
530,943
3,721
534,664
At 31 March 2024
545,681
5,315
550,996

The leasehold land and buildings were previously revalued on 31 March 20 11 by the director and are depreciated over the term of the lease.

If land and buildings were measured using the cost model, the carrying amounts would have been £222,615 (202 4 - £2 28,794), being cost £341,899 (202 4 - £341,899) and depreciation £119,284 (202 4 - £1 13,105).

4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
16,469
24,641
Other debtors
57,514
68,907
73,983
93,548
DUDMAN (LOWESTOFT) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 7 -
5
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
12,500
10,000
Trade creditors
78,662
67,680
Taxation and social security
7,999
15,144
Other creditors
702,099
589,911
801,260
682,735
6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
-
0
12,500
7
Provisions for liabilities
2025
2024
£
£
Deferred tax liabilities
2,350
4,377
8
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
5,000
5,000
5,000
5,000
9
Property operating lease commitments
Lessee

At the reporting end date, the company had outstanding commitments for future minimum lease payments under non-cancellable property operating leases, as follows. The annual commitment of these leases is £40,013 (202 4 - £40,013).

2025
2024
£
£
1,358,587
1,398,600
DUDMAN (LOWESTOFT) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 8 -
10
Related party transactions

During the year the company had the following transactions with related parties, all of whom are related parties by virtue of having either common directors or shareholders.

During the year, the company purchased goods and services totalling £28,608 (20 2 4: £32,438) from Dudman Investments Limited, a connected company. At the reporting date, a balance of £17,589 (20 2 4: £227,311) included within other creditors was owed to the same company.

At the reporting date, a balance of £36,424 (20 2 4: £343,153) included within other creditors was owed to Dudman Aggregates Limited, the balance has been settled after the reporting date.

At the reporting date, a balance of £8,500 (2024: £2,000 debtor) included within other creditors was owed by Dudman Group Trading Limited.

At the reporting date, a balance of £8,854 (20 2 4: £8,854) included within other debtors was owed by Dudman Chantry (Industries) Limited.

At the reporting date, a balance of £75 (20 2 4: £75) included within other creditors was owed by One Motorsport Limited.

At the reporting date, a balance of £613,497 (2024: £Nil) included within other creditors was owed to Devets Limited.

At the reporting date, a balance of £8,650 (2024: £3,717) included within other creditors was owed to Dudman Holdings Limited.

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