ACCOUNTS - Final Accounts

Registered number: 13548751

DISCOVERY HOUSE

(A Company Limited by Guarantee)

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 AUGUST 2025

DISCOVERY HOUSE

(A Company Limited by Guarantee)

REGISTERED NUMBER: 13548751

BALANCE SHEET

AS AT 31 AUGUST 2025

		2025		2024
Note		£		£

CURRENT ASSETS
Debtors: amounts falling due within one year	6	69,082		380,028
Creditors: amounts falling due within one year	7	(48,282)		(359,228)
NET CURRENT ASSETS			20,800		20,800
NET ASSETS			20,800		20,800

CAPITAL AND RESERVES
Profit and loss account	20,800	20,800
	20,800	20,800

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

C R Luskin

Director

Date: 21 May 2026

The notes on pages 2 to 5 form part of these financial statements.

Page 1

DISCOVERY HOUSE

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

1.	GENERAL INFORMATION

Discovery House is a private company limited by guarantee and incorporated in England and Wales. Its
registered office address is The Willows, High Street, Oving, Chichester PO20 2DD.

The Company's functional and presentational currency is GBP.

2.ACCOUNTING POLICIES

2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the requirements and the Companies Act 2006. 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 following principal accounting policies have been applied:

2.2

GOING CONCERN

The Company had net assets of £20,800 (2024: £20,800) as at 31 August 2025. The financial statements are prepared on the going concern basis on the assumption that the Company will continue to receive financial support from the connected company to provide sufficient funds to enable it to meet its liabilities as they fall due.

2.3

TURNOVER

Turnover represents rental and sundry other income during the period, exclusive of VAT.

2.4

GRANT INCOME

Grant income is recognised in the Profit and Loss Account in the same period as the related expenditure incurred.

2.5

TAXATION

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Page 2

DISCOVERY HOUSE

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

2.ACCOUNTING POLICIES (CONTINUED)

2.6

TANGIBLE FIXED ASSETS

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Freehold property

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.7

INVESTMENT PROPERTY

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

2.8

DEBTORS

Short-term debtors are measured at transaction price, less any impairment.

2.9

CREDITORS

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

EMPLOYEES

The Company has no employees other than the directors, who did not receive any remuneration (2024 - £NIL).

Page 3

DISCOVERY HOUSE

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

4.	TANGIBLE FIXED ASSETS

		Freehold property
		£
	COST
	Cost brought forward	1,602,503
	Grants receivable brought forward	(1,602,503)
	At 1 September 2024	-
	Additions	621,508
	Grants receivable	(621,508)
	At 31 August 2025	-
	NET BOOK VALUE
	At 31 August 2025	-
	At 31 August 2024	-

5.	INVESTMENT PROPERTY

		Freehold investment property
		£
	Cost brought forward	4,648,664
	Grants receivable brought forward	(4,648,664)
	At 1 September 2024	-
	Additions at cost	1,632,112
	Grants receivable	(1,632,112)
	AT 31 AUGUST 2025	-

DEBTORS

					2025	2024
					£	£

	Other debtors	66,702	375,190
	Prepayments and accrued income	2,380	4,838

Page 4

DISCOVERY HOUSE

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

6.DEBTORS (CONTINUED)

		69,082	380,028

7.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
		2025	2024
		£	£

Amounts owed to group undertakings	15,741	354,908
Corporation tax	-	320
Accruals and deferred income	32,541	4,000
	48,282	359,228


8.	COMPANY STATUS

The company is a private company limited by guarantee and consequently does not have share capital. Its member is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.

Page 5