REGISTERED NUMBER: 09941019 (England and Wales)

DOVESTONE PROPERTY LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs F H Staniforth

REGISTERED OFFICE:

17 Kendal Road

Salford

Manchester

M6 7GN

REGISTERED NUMBER:

09941019 (England and Wales)

ACCOUNTANTS:

Morris Crocker

Chartered Accountants

Lake House

2 Port Way

Port Solent

Portsmouth

Hampshire

PO6 4TY

FIXED ASSETS

Tangible assets

4

1,835

350

Investments

5

57,660

65,005

Investment property

6

1,560,000

1,540,000

1,619,495

1,605,355

CURRENT ASSETS

Debtors

7

440

1,047

Cash at bank

69,042

52,616

69,482

53,663

CREDITORS

Amounts falling due within one year

8

54,378

99,047

NET CURRENT ASSETS/(LIABILITIES)

15,104

(45,384

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,634,599

1,559,971

CREDITORS

Amounts falling due after more than one year

9

(1,079,944

)

(1,079,944

)

PROVISIONS FOR LIABILITIES

(90,389

)

(85,389

)

NET ASSETS

464,266

394,638

CAPITAL AND RESERVES

Called up share capital

20

20

Other reserves

271,166

256,166

Retained earnings

193,080

138,452

SHAREHOLDERS' FUNDS

464,266

394,638

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director and authorised for issue on 1 May 2026 and were signed by:

Mrs F H Staniforth - Director

1.	STATUTORY INFORMATION

Dovestone Property Ltd 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.

Turnover

Turnover represents rents receivable during the period. Rental income is recognised on the basis of amounts due in the 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 etc - straight line over 3 years

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Investment property

Investment properties are initially measured at cost, including transaction costs. Subsequently investment properties are shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties and investments in non-puttable ordinary shares.

Trade and other debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, deposits with banks and other short-term highly liquid investments and bank overdrafts. In the balance sheet, bank overdrafts are shown within borrowings or current liabilities.

Trade and other creditors

Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method

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.

Going concern

The company has the continued financial support of its directors, who have agreed not to request repayment of their loans until the company has the funds available. On this basis the directors of Dovestone Property Ltd consider it appropriate to prepare accounts on the going concern basis. The financial statements do not include any adjustments that would result in the company suffering further trading losses.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2025 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 February 2025

2,050

41,969

2,278

46,297

Additions

-

1,754

999

2,753

At 31 January 2026

2,050

43,723

3,277

49,050

DEPRECIATION

At 1 February 2025

2,050

41,969

1,928

45,947

Charge for year

-

585

683

1,268

At 31 January 2026

2,050

42,554

2,611

47,215

NET BOOK VALUE

At 31 January 2026

-

1,169

666

1,835

At 31 January 2025

-

-

350

350

5.	FIXED ASSET INVESTMENTS

Shares in

group

Other

undertakings

investments

Totals

£

£

£

COST

At 1 February 2025

40,005

25,000

65,005

Additions

-

305

305

Disposals

-

(7,650

)

(7,650

)

At 31 January 2026

40,005

17,655

57,660

NET BOOK VALUE

At 31 January 2026

40,005

17,655

57,660

At 31 January 2025

40,005

25,000

65,005

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 February 2025

1,540,000

Revaluations

20,000

At 31 January 2026

1,560,000

NET BOOK VALUE

At 31 January 2026

1,560,000

At 31 January 2025

1,540,000

Fair value at 31 January 2026 is represented by:

£

Valuation in 2018

5,529

Valuation in 2019

92,531

Valuation in 2020

10,587

Valuation in 2022

280,000

Valuation in 2025

58,436

Valuation in 2026

20,000

Cost

1,092,917

1,560,000

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

2026

2025

£

£

Cost

1,092,917

1,092,917

Investment property was valued on an open market basis on 31 January 2026 by the director .

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Other debtors

440

1,047

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Other creditors

54,378

99,047

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans

1,079,944

1,079,944

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

1,079,944

1,079,944

10.	SECURED DEBTS

The loans are secured by a first legal charge over the properties to which they relate.