Company No: 01577662 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	3,994		4,699
Investment property	4	1,500,000		1,500,000
		1,503,994		1,504,699
Current assets
Debtors	5	42,263		43,472
Cash at bank and in hand		29,274		45,723
		71,537		89,195
Creditors: amounts falling due within one year	6	( 4,943)		( 5,396)
Net current assets		66,594		83,799
Total assets less current liabilities		1,570,588		1,588,498
Provision for liabilities	7	( 238,608)		( 181,476)
Net assets		1,331,980		1,407,022
Capital and reserves
Called-up share capital		100		100
Fair value reserve		991,169		1,074,514
Profit and loss account		340,711		332,408
Total shareholders' funds		1,331,980		1,407,022

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

Directors' 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 directors acknowledge 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 D B Jones Ltd (registered number: 01577662) were approved and authorised for issue by the Board of Directors on 06 May 2026. They were signed on its behalf by:

Mr D B Jones 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

D B Jones Ltd (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 Leanne House, 6 Avon Close, Weymouth, DT4 9UX, United Kingdom.

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

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover comprises the fair value of rents receivable.

The company recognises revenue when;
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

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. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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 tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date that are expected to apply when the timing differences reverse. 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 liabilities are presented within provisions for liabilities on the balance sheet.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Fixtures and fittings

15 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

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.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

The fair value is determined annually by the directors, on an open market value for existing use basis.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

2. Employees

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

3. Tangible assets

	Fixtures and fittings		Total
	£		£
Cost
At 01 September 2024	39,964		39,964
At 31 August 2025	39,964		39,964
Accumulated depreciation
At 01 September 2024	35,265		35,265
Charge for the financial year	705		705
At 31 August 2025	35,970		35,970
Net book value
At 31 August 2025	3,994		3,994
At 31 August 2024	4,699		4,699

4. Investment property

	Investment property
	£
Valuation
As at 01 September 2024	1,500,000
As at 31 August 2025	1,500,000

The investment properties class of fixed asset were valued at 31 August 2025 by Mr D B Jones who is internal to the company. The basis of the valuation was open market value.

The class of asset has a current valuation of £1,500,000 (2024 £1,500,000) and a carrying amount of historical cost of £271,222 (2024 £271,222). The depreciation on this historical cost is £nil (2024 £nil).

There has been no valuation of investment property by an independent valuer.

5. Debtors

	2025		2024
	£		£
Other debtors	42,263		43,472

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Other creditors	4,943		5,396

7. Provision for liabilities

	2025		2024
	£		£
Deferred tax	238,608		181,476

8. Related party transactions

Transactions with the entity's directors

The Directors loan accounts) are repayable on demand and interest has been charged on overdrawn balances exceeding £10,000 at the official HMRC rates.

At 1 September 2024 the balance owed from the directors was £41,133. During the year, the company made advances to the directors amounting to £45,057 and received repayments of £46,053 leaving a balance due from the directors of £40,137.

At 1 September 2023 the balance owed from the directors was £43,426. During the year, the company made advances to the directors amounting to £46,402 and received repayments of £48,695 leaving a balance due from the directors of £41,133.