D And P Luxury-Toilets Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—7

1. General Information

D And P Luxury-Toilets Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05969071 . The registered office is 186 High Street, Winslow, Buckinghamshire, MK18 3DQ. The presentation currency is £ Sterling rounded to the nearest £1.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention, as modified by the revaluation of certain fixed assets, and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

2.2. 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.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

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.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 20 years.

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:

Freehold	Straight line 1 %
Plant & Machinery	Straight line 20%

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.

2.6. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

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D And P Luxury-Toilets Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2025

2.7. 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 reflects 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also 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:

	2025	2024
Office and administration	3	3

	3	3

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 May 2024	111,112

As at 30 April 2025	111,112

Amortisation
As at 1 May 2024	111,112

As at 30 April 2025	111,112

Net Book Value
As at 30 April 2025	-

As at 1 May 2024	-

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D And P Luxury-Toilets Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2025

5. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Total
	£	£	£
Cost or Valuation
As at 1 May 2024	3,000,000	2,946,894	5,946,894
Additions	-	6,418	6,418

As at 30 April 2025	3,000,000	2,953,312	5,953,312

Depreciation
As at 1 May 2024	-	1,540,685	1,540,685
Provided during the period	-	198,834	198,834

As at 30 April 2025	-	1,739,519	1,739,519

Net Book Value
As at 30 April 2025	3,000,000	1,213,793	4,213,793

As at 1 May 2024	3,000,000	1,406,209	4,406,209

Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:

	2025	2024
	£	£
Plant & Machinery	261,942	378,694

Cost or valuation as at 30 April 2025 represented by:

	Land & Property
	Freehold	Plant & Machinery	Total
	£	£	£
At cost	-	2,953,312	2,953,312
At valuation	3,000,000	-	3,000,000

	3,000,000	2,953,312	5,953,312

Land and property with a historic cost of £1,243,055 (2021 - 2024 - £1,243,055, 2020 - £1,171,680) were revalued by the director to their fair value of £3,000,000, (2024 - Reduction of £500,000, 2023 - £nil, 2022 - £775,000, 2021 - £1,016,482, 2020 - £75,840, 2019 - £389,623). A deferred tax provision has been made in respect of the revaluation amounting to £429,128 (2024 - reduction of £124,500, 2023 - £132,491, 2022 - £147,250, 2021 - £193,132, 2020 - £14,409, 2019 - £66,346).

During the year ended 30th April 2022, plant and machinery were revalued by the director, the revaluation of £375,830 was taken to the profit and loss account, this revaluation was reversed during the year ended 30th April 2024 to the profit and loss account. The deferred tax provision of £84,562 was also reversed to the profit and loss account (2023 - £13,154, 2022 - £71,408). Depreciation in respect of the revaluation of £37,583 (2023 - £37,583) was also reversed to the profit and loss account.

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D And P Luxury-Toilets Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2025

If the following tangible fixed assets had been accounted for under historical cost accounting rules, the amounts would be:

	Land & Property
	Freehold
	£
Cost	1,243,055
Accumulated depreciation and impairment	6,000

Carrying amount	1,237,055

6. Stocks

	2025	2024
	£	£
Stock	50,075	104,175

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	64,418	74,439
Prepayments and accrued income	27,871	42,086
Other debtors	238,398	207,037
VAT	21,316	28,730

	352,003	352,292

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	54,555	62,377
Trade creditors	130,874	87,281
Bank loans and overdrafts	41,068	47,553
Corporation tax	50,857	57,357
Other taxes and social security	208	1,034
Other creditors	534	1,894
Accruals and deferred income	141,006	378,610

	419,102	636,106

9. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	134,447	189,002
Bank loans	245,485	305,681

	379,932	494,683

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D And P Luxury-Toilets Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2025

Of the creditors falling due after more than one year the following amounts are due after more than five years.

	2025		2024
	£		£
Bank loans	71,758		117,657

10. Secured Creditors

Of the creditors falling due within and after more than one year the following amounts are secured.

Obligations under finance lease and hire purchase contracts are secured against the asset to which they relate.

Metro Bank Plc has a mortgage against property owned by the company and a fixed and floating charge over assets owned by the company.

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	189,002	251,379
Bank loans and overdrafts	286,553	353,234

11. Deferred Taxation

The provision for deferred taxation is made up of accelerated capital allowances and deferred taxation payable should the property be sold at its revalued amount.

	2025	2024
	£	£
Accelerated capital allowances	286,657	302,440
Other timing differences	429,128	429,128

	715,785	731,568

12. Provisions for Liabilities


	Deferred Tax	Total
	£	£
As at 1 May 2024	731,568	731,568
Reversals	(15,783 )	(15,783)

Balance at 30 April 2025	715,785	715,785

13. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1,000	1,000

14. Reserves

Included in shareholders' funds is £1,756,945 (2024 - £1,756,945, 2023 - £2,256,945, 2022 - £2,256,945, 2021 - £1,481,945, 2020 - £465,463, 2019 - £389,623) in respect of the revaluation of property, together with a deferred taxation provision of £429,128 (2024 - £429,128, 2023 - £553,628, 2022 - £421,137, 2021 - £273,887, 2020 - £80,755, 2019 - £66,346). This amount is considered unrealised and therefore not available for distribution. Full taxation provision has been made with indexation to 31st December 2017, no indexation is available after this date.

15. Ultimate Controlling Party

The company's ultimate controlling party is East Farm Ventures Limited by virtue of its ownership of 100% of the issued share capital in the company. The Registered Office address is 186 High Street, Winslow, Buckinghamshire, MK18 3DQ.

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		4,213,793		4,406,209

			4,213,793		4,406,209
CURRENT ASSETS
Stocks	6	50,075		104,175
Debtors	7	352,003		352,292
Cash at bank and in hand		45,340		43,055

		447,418		499,522
Creditors: Amounts Falling Due Within One Year	8	(419,102 )		(636,106 )

NET CURRENT ASSETS (LIABILITIES)			28,316		(136,584 )

TOTAL ASSETS LESS CURRENT LIABILITIES			4,242,109		4,269,625

Creditors: Amounts Falling Due After More Than One Year	9		(379,932 )		(494,683 )

PROVISIONS FOR LIABILITIES
Deferred Taxation	11		(715,785 )		(731,568 )

NET ASSETS			3,146,392		3,043,374

CAPITAL AND RESERVES
Called up share capital	13		1,000		1,000
Profit and Loss Account			3,145,392		3,042,374

SHAREHOLDERS' FUNDS			3,146,392		3,043,374