Company No: 03194369 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTOR

John Mark Harold Todd

REGISTERED OFFICE	22 Wycombe End
	Beaconsfield
	HP9 1NB
	United Kingdom

COMPANY NUMBER

03194369 (England and Wales)

ACCOUNTANT	S&W Partners (Thames Valley) Limited
	22 Wycombe End
	Beaconsfield
	Buckinghamshire
	HP9 1NB

	Note	2025		2024
		£		£
Fixed assets
Investment property	3	1,915,000		2,455,000
		1,915,000		2,455,000
Current assets
Debtors	4	10,346		11,991
Cash at bank and in hand		29,826		4,129
		40,172		16,120
Creditors: amounts falling due within one year	5	( 525,419)		( 931,684)
Net current liabilities		(485,247)		(915,564)
Total assets less current liabilities		1,429,753		1,539,436
Creditors: amounts falling due after more than one year	6	( 349,587)		( 359,117)
Provision for liabilities		( 84,737)		( 116,550)
Net assets		995,429		1,063,769
Capital and reserves
Called-up share capital	7	100		100
Undistributable reserve		713,140		754,823
Profit and loss account		282,189		308,846
Total shareholders' funds		995,429		1,063,769

For the financial year ending 31 July 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Dustylane Limited (registered number: 03194369) were approved and authorised for issue by the Director on 23 April 2026. They were signed on its behalf by:

John Mark Harold Todd Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Dustylane Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 22 Wycombe End, Beaconsfield, HP9 1NB, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The functional currency of Dustylane Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

Turnover

Turnover represents the rental of investment properties.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on enacted or substantively enacted tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax assets are recognised only to the extent that it is probable that future taxable profit will be available against which the temporary differences can be utilised.

Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in the profit and loss account.

Section 17 'Property, Plant and Equipment' of FRS 102, requires the provision for depreciation on fixed assets, unless the long useful life and high residual value of assets make depreciation immaterial in aggregate. Investment properties are not depreciated as the directors consider depreciation to be immaterial in aggregate, due to the high residual value and long useful life of the properties. This is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors, this departure from the Companies Act 2006 is necessary for the financial statements to give a true and fair view.

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.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	2		2

3. Investment property

	Investment property
	£
Valuation
As at 01 August 2024	2,455,000
Fair value movement	(100,000)
Disposals	(440,000)
As at 31 July 2025	1,915,000

Investment property comprises of five properties. The fair value of the investment properties has been valued by director J M H Todd at the balance sheet date. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties. At the balance sheet date, the historical cost of investment properties was £ 1,093,249 (2024 - £1,557,478).

4. Debtors

	2025		2024
	£		£
Other debtors	10,346		11,991

5. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans	9,441		368,888
Trade creditors	5,550		5,972
Other creditors	510,428		556,824
	525,419		931,684

Bank loans are secured by way of a fixed and floating charge over investment properties held by the company.

6. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans	349,587		359,117

Bank loans are secured by way of a fixed and floating charge over investment properties held by the company.

7. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each	100		100