REGISTERED NUMBER: 11221599 (England and Wales)

Unaudited Financial Statements for the Year Ended 31st March 2025

for

S R Dickson Properties Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr S Dickson

Ms F Boutarfas-Dickson

SECRETARY:

Mr S Dickson

REGISTERED OFFICE:

Woodlands Grange

Woodlands Lane

Bradley Stoke

Bristol

United Kingdom

BS32 4JY

REGISTERED NUMBER:

11221599 (England and Wales)

ACCOUNTANTS:

Dunkley's

Woodlands Grange

Woodlands Lane

Bradley Stoke

Bristol

United Kingdom

BS32 4JY

FIXED ASSETS

Tangible assets

4

172,048

142,357

Investment property

5

15,482,974

15,437,986

15,655,022

15,580,343

CURRENT ASSETS

Debtors

6

58,962

-

Cash at bank and in hand

409,802

276,678

468,764

276,678

CREDITORS

Amounts falling due within one year

7

68,240

186,952

NET CURRENT ASSETS

400,524

89,726

TOTAL ASSETS LESS CURRENT LIABILITIES

16,055,546

15,670,069

CREDITORS

Amounts falling due after more than one year

8

(6,108,760

)

(5,628,527

)

PROVISIONS FOR LIABILITIES

(269,104

)

(361,065

)

NET ASSETS

9,677,682

9,680,477

CAPITAL AND RESERVES

Called up share capital

10

1,000,000

1,000,000

Share premium

11

7,812,015

7,812,015

Fair value reserve

11

864,625

768,105

Retained earnings

11

1,042

100,357

SHAREHOLDERS' FUNDS

9,677,682

9,680,477

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 29th April 2026 and were signed on its behalf by:

Mr S Dickson - Director

1.	STATUTORY INFORMATION

S R Dickson Properties 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 as modified by the revaluation of certain assets.

These accounts have been prepared on the going concern basis which assumes the continued operational existence of the company. The directors expect that the accounts for the current year to show a return to profit, and so the deficit in reserves will be corrected shortly. To this end, the going concern concept is considered to be appropriate.

Turnover

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

Turnover consists of rents receivable. Revenue is recognised evenly over the rental period.

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33.33% 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1st April 2024

24,330

74,505

103,325

8,471

210,631

Additions

-

-

71,000

2,976

73,976

At 31st March 2025

24,330

74,505

174,325

11,447

284,607

DEPRECIATION

At 1st April 2024

10,371

28,175

23,743

5,985

68,274

Charge for year

3,490

11,583

27,292

1,920

44,285

At 31st March 2025

13,861

39,758

51,035

7,905

112,559

NET BOOK VALUE

At 31st March 2025

10,469

34,747

123,290

3,542

172,048

At 31st March 2024

13,959

46,330

79,582

2,486

142,357

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st April 2024

15,437,986

Additions

44,988

At 31st March 2025

15,482,974

NET BOOK VALUE

At 31st March 2025

15,482,974

At 31st March 2024

15,437,986

Fair value at 31st March 2025 is represented by:

£

Valuation in 2021

399,593

Valuation in 2023

729,147

Valuation in 2024

(18,392

)

Cost

14,372,626

15,482,974

If investment property had not been revalued it would have been included at the following historical cost:

31.3.25

31.3.24

£

£

Cost

14,372,626

14,327,638

The investment properties were valued on an open market basis on 31st March 2025 by the directors .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Other debtors

2,200

-

Directors' current accounts

56,762

-

58,962

-

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

3,560

57,964

Tax

-

19,815

Other creditors

60,348

30,000

Directors' current accounts

-

74,783

Accrued expenses

4,332

4,390

68,240

186,952

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans - 1-2 years

3,560

14,631

Bank loans - 2-5 years

5,960,680

5,285,951

Bank loans more 5 yr by instal

144,520

147,945

Directors' loan accounts

-

180,000

6,108,760

5,628,527

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

144,520

147,945

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Bank loans

6,112,320

5,506,491

The loans are secured on properties owned by the company.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

750,000

Ordinary

£1.00

750,000

750,000

250,000

Ordinary

£1.00

250,000

250,000

1,000,000

1,000,000

11.

RESERVES

Fair

Retained

Share

value

earnings

premium

reserve

Totals

£

£

£

£

At 1st April 2024

100,357

7,812,015

768,105

8,680,477

Profit for the year

76,055

76,055

Dividends

(78,850

)

(78,850

)

Assets revalued in period

(96,520

)

-

96,520

-

At 31st March 2025

1,042

7,812,015

864,625

8,677,682

12.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st March 2025 and 31st March 2024:

31.3.25

31.3.24

£

£

Mr S Dickson and Ms F Boutarfas-Dickson

Balance outstanding at start of year

(254,782

)

-

Amounts advanced

311,544

(254,782

)

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

56,762

(254,782

)

The directors loan balance was repaid within 9 months of the year end.