REGISTERED NUMBER: 02949233 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST AUGUST 2025

FOR

DONSONS LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

J B Oswald

S D Oswald

D M Oswald

REGISTERED OFFICE:

Trimat Building

Narrow Boat Way

Hurst Business Park

Brierly Hill

West Midlands

DY5 1UF

REGISTERED NUMBER:

02949233 (England and Wales)

ACCOUNTANTS:

Howards Limited

Chartered Certified Accountants

Newport House

Newport Road

Stafford

Staffordshire

ST16 1DA

FIXED ASSETS

Tangible assets

5

2,600,000

2,600,000

Investments

6

2,126,321

3,360,101

4,726,321

5,960,101

CURRENT ASSETS

Debtors

7

1,028,181

9,000

Cash at bank

11,850

68,106

1,040,031

77,106

CREDITORS

Amounts falling due within one year

8

114,919

113,399

NET CURRENT ASSETS/(LIABILITIES)

925,112

(36,293

)

TOTAL ASSETS LESS CURRENT LIABILITIES

5,651,433

5,923,808

PROVISIONS FOR LIABILITIES

(619,708

)

(631,659

)

ACCRUALS AND DEFERRED INCOME

(5,076

)

(5,082

)

NET ASSETS

5,026,649

5,287,067

CAPITAL AND RESERVES

Called up share capital

9

2

2

Revaluation reserve

1,309,432

1,309,432

Other reserves

3,332,211

3,332,211

Fair value reserve

23,272

57,474

Retained earnings

361,732

587,948

SHAREHOLDERS' FUNDS

5,026,649

5,287,067

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 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 22nd May 2026 and were signed on its behalf by:

J B Oswald - Director

1.	STATUTORY INFORMATION

Donsons Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 02949233 and the registered office address is Trimat Building, Narrow Boat Way, Hurst Business Park, Brierly Hill, West Midlands, DY5 1UF.

The principal activity of the company is that of holding investments in, and managing activities of, related companies.

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Functional currency

The financial statements are prepared in sterling (£). The functional currency of the company is sterling (£).

Significant judgements and estimates

In determining and applying accounting policies, judgement is often required in respect of items where the choice of specific policy, accounting estimate or assumption to be followed could materially affect the reported results or net asset position of the company; it may later be determined that a different choice would have been more appropriate. Management considers that certain accounting estimates and assumptions relating to taxation, tangible fixed assets, provisions and contingent liabilities and accruals are its critical accounting estimates.

Turnover

Turnover represents net invoiced goods and services, excluding value added tax, together with rental income received from the company's property. Turnover derives wholly from activities within the United Kingdom.

Tangible fixed assets

Land and buildings are carried at their revalued amounts, being fair value at the date of valuation less subsequent depreciation and impairment losses. Revaluations are performed by professional qualified valuers with sufficient regularity to ensure that the carrying amounts do not differ materially from those that would be determined using fair values at the end of each reporting period. Any accumulated depreciation at the date of revaluation is eliminated against the gross carrying amount of the asset and the net amount is restated to the revalued amount of the asset.

Any revaluation increase in the carrying amount of land and buildings is recognised in other comprehensive income and included in a revaluation reserve in equity, except to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss, in which case the increase is credited to profit and loss to the extent of the decrease previously expended.

Decreases that offset previous increases of the same asset are charged in other comprehensive income and debited against revaluation reserve in equity; decreases exceeding the balance in revaluation reserve relating to an asset are recognised in profit or loss. Each year the difference between depreciation based on the revalued carrying amount of the asset recognised in profit or loss and depreciation based on the asset’s original cost is transferred from revaluation reserve to retained earnings.

Land is not depreciated. Depreciation on other assets is calculated so as to write off the cost or valuation of an asset, less its residual value, over their estimated useful lives as follows:

Freehold buildings - 2% straight line

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, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount that the company would receive for the asset if it were to be sold at the reporting date.

Financial assets and liabilities are offset and the net amount reported in the statement of financial position when there is an 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.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Provisions

Provisions are recognised when the company has a legal or constructive obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle the obligation and the amount of the obligation can be reliably estimated. Provisions are recognised at the best estimate of the amount required to settle the obligation at the reporting date.

Trade receivables

Trade receivables are initially recognised at fair value and are subsequently measured at amortised cost less any provision for bad and doubtful debts

Trade Payables

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts 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.

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.

Going concern

The statutory accounts are prepared on a "Going Concern Basis". This assumption has been made after taking into account future profit and loss forecasts.

Fixed asset investments

Investments in stocks & shares 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 with any gain or loss being transferred to a fair value reserve where their value can be measured reliably.

Where a gain is realised upon sale of the investments, a transfer from the non-distributable fair value reserve is made to retained earnings.

Investments in associate undertakings are recognised at cost.

Impairment of non-financial assets

At each reporting date non-financial assets not carried at fair value, like goodwill and tangible fixed assets, are reviewed to determine whether there is an indication that an asset may be impaired. If there is an indication of possible impairment, the recoverable amount of any asset or group of related assets, which is the higher of value in use and the fair value less cost to sell, is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in profit or loss.

Inventories are also assessed for impairment at each reporting date. The carrying amount of each item of inventory, or group of similar items, is compared with its selling price less costs to complete and sell. If an item of inventory or group of similar items is impaired, its carrying amount is reduced to selling price less costs to complete and sell, and an impairment loss is recognised immediately in profit or loss.

If an impairment loss is subsequently reversed, the carrying amount of the asset or group of related assets is increased to the revised estimate of its recoverable amount, but not to exceed the amount that would have been determined had no impairment loss been recognised for the asset or group of related assets in prior periods. A reversal of an impairment loss is recognised immediately in profit or loss.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

5.	TANGIBLE FIXED ASSETS

Freehold

property

£

COST OR VALUATION

At 1st September 2024

and 31st August 2025

2,600,000

NET BOOK VALUE

At 31st August 2025

2,600,000

At 31st August 2024

2,600,000

Included in cost or valuation of land and buildings is freehold land of £ 150,000 (2024 - £ 150,000 ) which is not depreciated.

Cost or valuation at 31st August 2025 is represented by:

Freehold

property

£

Valuation in 2015

(96,498

)

Valuation in 2021

1,100,000

Cost

1,596,498

2,600,000

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

2025

2024

£

£

Cost

1,596,498

1,596,498

Aggregate depreciation

697,789

697,789

6.	FIXED ASSET INVESTMENTS

Interest

in

associate

Other

undertakings

investments

Totals

£

£

£

COST OR VALUATION

At 1st September 2024

431,917

2,928,184

3,360,101

Additions

-

698,384

698,384

Disposals

-

(1,886,012

)

(1,886,012

)

Revaluations

-

(46,152

)

(46,152

)

At 31st August 2025

431,917

1,694,404

2,126,321

NET BOOK VALUE

At 31st August 2025

431,917

1,694,404

2,126,321

At 31st August 2024

431,917

2,928,184

3,360,101

Cost or valuation at 31st August 2025 is represented by:

Interest

in

associate

Other

undertakings

investments

Totals

£

£

£

Valuation in 2016

-

84,951

84,951

Valuation in 2017

-

46,278

46,278

Valuation in 2018

(225,000

)

(2

)

(225,002

)

Valuation in 2019

-

24,084

24,084

Valuation in 2020

-

(79,619

)

(79,619

)

Valuation in 2021

-

(164,640

)

(164,640

)

Valuation in 2022

-

(54,294

)

(54,294

)

Valuation in 2023

-

(67,520

)

(67,520

)

Valuation in 2024

-

194,079

194,079

Valuation in 2025

-

47,860

47,860

Cost

656,917

1,663,227

2,320,144

431,917

1,694,404

2,126,321

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

1,028,181

9,000

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

943

776

Taxation and social security

113,976

112,623

114,919

113,399

9.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

2025

2024

value:

£

£

2

Share capital 1

£1

2

2

10.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

11.	ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of J S D Donsons Limited, a company incorporated in England & Wales. The parent company's registered office address and principal place of business is the Trimat Building, Narrowboat Way, Brierley Hill, West Midlands, DY5 1UF.