DMH Properties Swansea Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 14769871

DMH Properties Swansea Limited

Filleted Unaudited Financial Statements

30 September 2025

DMH Properties Swansea Limited

Financial Statements

Year ended 30 September 2025

CONTENTS	PAGE

Officers and professional advisers	1

Statement of financial position	2

Notes to the financial statements	4

DMH Properties Swansea Limited

Officers and Professional Advisers

The board of directors	Mr D M Howells
	Mrs J H Howells
	Mrs R J Poucher
	Mrs J R Powell

Company secretary	Mrs R J Poucher

Registered office	290a Mumbles Road
	West Cross
	Swansea
	United Kingdom
	SA3 5AB

Accountants	James & Uzzell Ltd
	Chartered Certified Accountants
	Axis 15, Axis Court
	Mallard Way
	Riverside Business Park
	Swansea
	SA7 0AJ

DMH Properties Swansea Limited

Statement of Financial Position

30 September 2025

	2025	2024
Note	£	£

FIXED ASSETS

Tangible assets	5	3,164,545	2,831,447
Investments	6	24,412	16,397
		------------	------------
		3,188,957	2,847,844

CURRENT ASSETS

Debtors	7	162,568	119,877
Cash at bank and in hand		133,333	113,639
		---------	---------
		295,901	233,516

CREDITORS: amounts falling due within one year	8	1,292,287	1,324,551
		------------	------------
NET CURRENT LIABILITIES		996,386	1,091,035
		------------	------------
TOTAL ASSETS LESS CURRENT LIABILITIES		2,192,571	1,756,809

CREDITORS: amounts falling due after more than one year	9	1,229,225	737,050

PROVISIONS	58,810	73,845
	------------	------------
NET ASSETS	904,536	945,914
	------------	------------

CAPITAL AND RESERVES

Called up share capital	10	935,050	935,050
Revaluation reserve		8,015	–
Profit and loss account		( 38,529)	10,864
		---------	---------
SHAREHOLDERS FUNDS		904,536	945,914
		---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the year ending 30 September 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 year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

DMH Properties Swansea Limited

Statement of Financial Position (continued)

30 September 2025

These financial statements were approved by the board of directors and authorised for issue on 9 April 2026 , and are signed on behalf of the board by:

Mr D M Howells

Director

Company registration number: 14769871

DMH Properties Swansea Limited

Notes to the Financial Statements

Year ended 30 September 2025

1. GENERAL INFORMATION

DMH Properties Swansea Limited is a private company limited by shares incorporated in England & Wales, United Kingdom. The address of the registered office is given in the company information on page 1 of these financial statements. The nature of the company's operations and principal activities are that of a property rental company.

2. STATEMENT OF COMPLIANCE

The financial statements have been prepared in accordance with applicable accounting standards including Financial Reporting Standard 102 'The Financial Reporting Standard Applicable in the UK and Republic of Ireland (FRS 102)', Section 1A for Small Entities and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £1. The reporting period of these financial statements and its comparative period is 12 months. These financial statements only include the results of the individual entity made up to 30 September 2025. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Employee benefits

When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

The company operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable.

Going concern

The director has considered the future trading position of the company and is confident that the going concern principle can be applied to the financial statements. This is based on future trading results and support received from group undertakings.

Loans and borrowings

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

Provisions

Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated.

Critical accounting estimates and assumptions

The company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are addressed below

(i) Useful economic lives of tangible assets

The annual depreciation charge for tangible assets is sensitive to changes in the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are re-assessed annually. They are amended when necessary to reflect current estimates, based on technological advancement, future investments, economic utilisation and the physical condition of the assets.

(ii) Impairment of debtors

The company makes an estimate of the recoverable value of trade and other debtors. When assessing impairment of trade and other debtors, management considers factors including the current credit rating of the debtor, the ageing profile of debtors and historical experience.

(iii) Provisions

Estimates are used in determining the value of provisions when recognised. This will be based on historical information, known expectations and reasonable outcomes

(iv) Going Concern

The assessment of going concern may include the use of critical judgements in respect of impact of various external factors such as political, economic and social issues. Material uncertainties are considered in this regard

(v) Revaluation of assets

Revaluations are based on the most recent market evidence available at the reporting date. Adjustments arising from updated valuations reflect changes in accounting estimates and are recognised prospectively in the period of change and future periods.

Debtors and creditors receivable/payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Leases

Rentals payable and receivable under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

Investment property

Investment properties are measured at fair value at each reporting date with changes in fair value recognised in profit or loss.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows: Rent receivable Rent receivable is recognised when an invoice is raised at the beginning of the rental period. Dividends receivable Dividend income is recognised as the company’s right to receive payment is established.

Tax

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

Tangible assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Equipment	-	20% straight line

Investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Impairment

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset’s cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

4. EMPLOYEE NUMBERS

The average number of persons employed by the company during the year amounted to 4 (2024: 4 ).

5. TANGIBLE ASSETS

	Freehold property	Equipment	Total
	£	£	£
Cost
At 1 October 2024	2,831,054	491	2,831,545
Additions	331,630	1,870	333,500
	------------	------	------------
At 30 September 2025	3,162,684	2,361	3,165,045
	------------	------	------------
Depreciation
At 1 October 2024	–	98	98
Charge for the year	–	402	402
	------------	------	------------
At 30 September 2025	–	500	500
	------------	------	------------
Carrying amount
At 30 September 2025	3,162,684	1,861	3,164,545
	------------	------	------------
At 30 September 2024	2,831,054	393	2,831,447
	------------	------	------------

The net book value of land and buildings comprised:

	2025	2024
	£	£
Investment Properties	3,162,684	2,831,054

Cost or valuation of Land and Buildings comprises:

	2025	2024
	£	£
Cost	3,162,684	2,831,054

The comparable amounts determined by historical cost convention are as follows:

	2025	2024
	£	£
Cost	3,162,684	2,831,054
Accumulated Depreciation	–	–

Land and Buildings were all valued at 30th September 2025 based on the directors substantive knowledge of the properties and the locations they are situated.

6. INVESTMENTS

	Shares in group undertakings	Other investments other than loans	Total
	£	£	£
Cost
At 1 October 2024	1	16,396	16,397
Revaluations	–	8,015	8,015
	----	--------	--------
At 30 September 2025	1	24,411	24,412
	----	--------	--------
Impairment
At 1 October 2024 and 30 September 2025	–	–	–
	----	--------	--------

Carrying amount
At 30 September 2025	1	24,411	24,412
	----	--------	--------
At 30 September 2024	1	16,396	16,397
	----	--------	--------

7. DEBTORS

	2025	2024
	£	£
Trade debtors	26,168	11,407
Other debtors	136,400	108,470
	---------	---------
	162,568	119,877
	---------	---------

8. CREDITORS: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	43,740	27,400
Trade creditors	69,576	7,185
Amounts owed to group undertakings and undertakings in which the company has a participating interest	1,110,107	1,114,176
Corporation tax	–	5,923
Social security and other taxes	–	2,612
Other creditors	68,864	167,255
	------------	------------
	1,292,287	1,324,551
	------------	------------

Bank loans and overdrafts are secured by way of a charge against the company. The total amount of secured liabilities for creditors less than one year is £43,740 (2024: £27,400).

9. CREDITORS: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	1,229,225	737,050
	------------	---------

Bank loans and overdrafts totalling are secured by way of a charge against the company. The total amount of secured liabilities for creditors due more than one year is £1,229,224 (2024:£737,050).

10. CALLED UP SHARE CAPITAL

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary B shares of £ 1 each	935,050	935,050	935,050	935,050
	---------	---------	---------	---------

11. RELATED PARTY TRANSACTIONS

The aggregated balances for the year ended 30 September 2025 are as follows: Key Management Personnel

	2025	2024
	£	£
Balance due (to)/from	–	(85,550)

No interest was charged on this balance. Exemption under Section 33.1A has been claimed to not disclose transactions for 100% group companies.

12. PARENT COMPANY

The parent undertaking is Clydfan Limited, a company registered in England & Wales. The registered office for this company is the same as that disclosed on page 1 of these financial statements.