Company Registration No. 04408476 (England and Wales)
D A B ASSOCIATES LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
PAGES FOR FILING WITH REGISTRAR
Affinia
80 Compair Crescent
Ipswich
Suffolk
UK
IP2 0EH
D A B ASSOCIATES LIMITED
CONTENTS
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 10
D A B ASSOCIATES LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT
31 DECEMBER 2025
31 December 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
2,802,808
2,246,370
Investment properties
5
8,641,587
7,785,000
Investments
6
546,500
546,500
11,990,895
10,577,870
Current assets
Debtors
7
3,310,289
3,227,757
Cash at bank and in hand
159,699
230,018
3,469,988
3,457,775
Creditors: amounts falling due within one year
8
(4,152,992)
(3,379,754)
Net current (liabilities)/assets
(683,004)
78,021
Total assets less current liabilities
11,307,891
10,655,891
Creditors: amounts falling due after more than one year
9
(2,805,221)
(3,222,618)
Provisions for liabilities
(1,622,529)
(1,359,783)
Net assets
6,880,141
6,073,490
Capital and reserves
Called up share capital
1
1
Non-distributable profits reserve
10
2,765,481
2,394,572
Distributable profit and loss reserves
4,114,659
3,678,917
Total equity
6,880,141
6,073,490
D A B ASSOCIATES LIMITED
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT
31 DECEMBER 2025
31 December 2025
- 2 -

The director of the company has elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 12 May 2026
Mr D Bates
Director
Company Registration No. 04408476
D A B ASSOCIATES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
- 3 -
1
Accounting policies
Company information

D A B Associates Limited is a private company limited by shares incorporated in England and Wales. The registered office is 80 Compair Crescent, Ipswich, Suffolk, UK, IP2 0EH.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

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 financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Revenue

Turnover is recognised at the fair value of the consideration received or receivable for hire of plant provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
10% Reducing balance
Fixtures and fittings
15% Reducing balance
Computers
15% Reducing Balance
Motor vehicles
25% Reducing balance

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.

The company revised the depreciation rate of its plant and equipment in the year to better align the net book value of this class of assets to their net realisable value. The company therefore revised its depreciation rates to 10% reducing balance on its plant and equipment from 15% reducing balance in the previous year.

1.4
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 a t the reporting end date. Changes in fair value are recognised in profit or loss.

1.5
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

D A B ASSOCIATES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 4 -

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

1.6
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.7
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 current liabilities.

1.8
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

D A B ASSOCIATES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 5 -
Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

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.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.9
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.10
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

D A B ASSOCIATES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 6 -

The carrying amount of deferred tax assets is reviewed at each reporting end date 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 is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the income statement, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.11
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.12
Leases
As lessee

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the statement of financial position as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

As lessor

When the company acts as a lessor, a lease is classified as a finance lease whenever it transfers substantially all the risks and rewards of ownership of the underlying asset to the lessee, either at the end of the lease term or for the major part of the economic life of the asset. All other leases are classified as operating leases. If an arrangement contains both lease and non-lease components, the company allocates the consideration in the contract to the two elements.

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

D A B ASSOCIATES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 7 -
3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
1
1
4
Tangible fixed assets
Plant and equipment
Fixtures and fittings
Computers
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 January 2025
3,383,303
20,107
22,829
193,488
3,619,727
Additions
1,160,400
6,540
-
0
82,342
1,249,282
Disposals
(783,945)
-
0
-
0
-
0
(783,945)
At 31 December 2025
3,759,758
26,647
22,829
275,830
4,085,064
Depreciation and impairment
At 1 January 2025
1,283,839
11,089
11,421
67,008
1,373,357
Depreciation charged in the year
291,474
2,334
1,710
52,206
347,724
Eliminated in respect of disposals
(438,825)
-
0
-
0
-
0
(438,825)
At 31 December 2025
1,136,488
13,423
13,131
119,214
1,282,256
Carrying amount
At 31 December 2025
2,623,270
13,224
9,698
156,616
2,802,808
At 31 December 2024
2,099,464
9,018
11,408
126,480
2,246,370
5
Investment property
2025
£
Fair value
At 1 January 2025
7,785,000
Additions
362,042
Revaluations
494,545
At 31 December 2025
8,641,587

The fair value of the investment properties has been arrived at on the basis of a valuation carried out at the statement of financial position date by the director, in accordance with section 16 of FRS102. The valuation was made on a open market value basis by reference to market evidence prices for similar properties.

D A B ASSOCIATES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 8 -
6
Fixed asset investments
2025
2024
£
£
Shares in group undertakings and participating interests
546,500
546,500
7
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
18,027
145,752
Other debtors
3,292,262
3,082,005
3,310,289
3,227,757

Included within other debtors is a balance owed by a connected company, see note 11.

8
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
18,779
56,379
Taxation and social security
521
7,045
Other creditors
4,133,692
3,316,330
4,152,992
3,379,754

Included within other creditors is a balance outstanding relating to hire purchase, these are secured on the assets they relate to.

Included within other creditors is a balance owed to a connected company, see note 11.

9
Creditors: amounts falling due after more than one year
2025
2024
£
£
Other creditors
2,805,221
3,222,618
D A B ASSOCIATES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
9
Creditors: amounts falling due after more than one year
(Continued)
- 9 -

The balance in other creditors relates to hire purchase amounts outstanding, these are secured on the assets they relate to.

At the statement of financial position date, Lendinvest Btl Limited held a fixed charge dated 13/07/2021 over the investment property, 38a, Violet Hill Road, Stowmarket, IP14 1NQ held by the company.

At the statement of financial position date, Lendinvest Btl Limited held a fixed charge dated 13/07/2021 over the investment property, Rushmore, Violet Hill Road, Stowmarket, IP14 1NQ held by the company.

At the statement of financial position date, The Mortgage Lender Limited held a fixed charge dated 02/11/2022 over the investment property, 26 Stowupland Road, Stowmarket, IP14 5PL held by the company.

At the statement of financial position date, Aldermore Bank Plc held a fixed charge dated 26/05/2023 over the investment property, 9 Wright Close, Stowmarket, IP14 2BY held by the company.

At the statement of financial position date, Aldermore Bank Plc held a fixed charge dated 21/06/2023 over the investment property, 15 Crowcroft Road, Nedging Tye, IP7 7HR held by the company.

At the statement of financial position date, Justin Bahar held a fixed charge dated 30/10/2024 over the investment property, Old Town Hall, 63-65 High Street, Needham Market, IP6 8AL held by the company.

At the statement of financial position date, The Mortgage Lender Limited held a fixed charge dated 11/12/2025 over the investment property, 93 Handford Road, Ipswich, IP1 2QB held by the company.

10
Non-distributable profits reserve
2025
2024
£
£
At the beginning of the year
2,394,572
1,429,318
Non distributable profits in the year
370,909
965,254
At the end of the year
2,765,481
2,394,572
D A B ASSOCIATES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 10 -
11
Related party transactions

At the statement of financial position date the following amounts were owed by companies in which Mr D Bates holds a material interest:

Renasance Limited £11,786 (202 4: £10,285)

DAB Infrastructure Services Ltd £466,692 (202 4: £466,257)

Ruby Homes (Felixstowe) Ltd (formerly Blue Street Properties) £297,081 (20 2 4: £297,081)

JD Developments Ltd £370,000 (2024: £370,000)

Base Garage Ltd £254,322 (202 4: £161,262 )

Ace Investments Ltd £27,334 (2024: £37,500)

The Rampant Horse Inn Ltd £30,310 (2024: £29,655 )

DAB Scaffolding & Roofing Ltd £28,054 (2024 £14,498)

2B Homes Ltd £2,394 (2024: £NIL)

Quinton Feed 'N' Country Ltd £4,979 (2024: £NIL)

At the statement of financial position date the following amounts were owed by companies that are wholly owned by Mr D Bates:

Needham Market Self Storage Ltd £4,000 (2024: £NIL)

Taylors Flooring & Furniture Ltd £553,582 (2024: £422,818)

DAB Associates (Stanton) Ltd £228,523 (2024: £228,523)

Bates Properties (East Anglia) Ltd £163,350 (2024: £NIL)

At the statement of financial position date the following amounts were owed to companies in which Mr D Bates holds a material interest:

Ruby Homes (East Anglia) Ltd £304,309 (20 2 4: £393,932 debtor)

DAB Civil Engineering Ltd £230,312 (2024: £280,311)

At the statement of financial position date the following amounts were owed to companies that are wholly owned by Mr D Bates:

Anglia (Civils) Ltd £10,244 (20 2 4: £6,291)

DAB Construction (East Anglia) Ltd £2,605,092 (20 2 4: £2,035,282)

Needham Quality Butchers Ltd £7,578 (2024: £896)

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