Debby Lee Properties Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 04055652

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

FOR

DEBBY LEE PROPERTIES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

8

DIRECTOR:

Ms D Lee

REGISTERED OFFICE:

45 Queen Street

Deal

Kent

CT14 6EY

REGISTERED NUMBER:

04055652

ACCOUNTANTS:

Higson & Co (Deal) Ltd

45 Queen Street

Deal

Kent

CT14 6EY

FIXED ASSETS

Tangible assets

4

828,667

704,910

Investment property

5

900,000

1,728,667

1,604,910

CURRENT ASSETS

Debtors

6

5,756

3,067

Cash at bank

3,621

7,513

9,377

10,580

CREDITORS

Amounts falling due within one year

7

1,170,379

961,521

NET CURRENT LIABILITIES

(1,161,002

)

(950,941

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

567,665

653,969

CREDITORS

Amounts falling due after more than one
year

8

(61,640

)

(64,676

)

PROVISIONS FOR LIABILITIES

9

(144,574

)

(144,574

)

NET ASSETS

361,451

444,719

CAPITAL AND RESERVES

Called up share capital

10

1

Revaluation reserve

11

118,601

Fair value reserve

11

399,982

Retained earnings

(157,133

)

(73,865

)

SHAREHOLDERS' FUNDS

361,451

444,719

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 May 2026 and were signed by:

Ms D Lee - Director

1.	STATUTORY INFORMATION

Debby Lee Properties Limited is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, and value added tax.

Revenue is recognised on delivery of the service.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

2% on cost

Improvements to property

-

5% on cost

Plant and machinery

-

15% on reducing balance

Tangible fixed assets are reviewed for impairment annually.

It is the policy of the Company to capitalise items with an estimated useful economic life in excess of two years, and in excess of £500.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Going concern

The director intends to support the business as needed for the next 12 months.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Plant and

property

machinery

Totals

£

COST

At 1 September 2024

691,598

-

16,305

707,903

Additions

-

139,429

1,205

140,634

At 31 August 2025

691,598

139,429

17,510

848,537

DEPRECIATION

At 1 September 2024

2,343

-

650

2,993

Charge for year

13,832

592

2,453

16,877

At 31 August 2025

16,175

592

3,103

19,870

NET BOOK VALUE

At 31 August 2025

675,423

138,837

14,407

828,667

At 31 August 2024

689,255

-

15,655

704,910

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 September 2024

and 31 August 2025

900,000

NET BOOK VALUE

At 31 August 2025

900,000

At 31 August 2024

900,000

Fair value at 31 August 2025 is represented by:

£

Valuation in 2014

330,000

Valuation in 2020

86,396

Valuation in 2024

150,000

Cost

333,604

900,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

1,000

-

Tax

1,587

Prepayments

3,169

1,480

5,756

3,067

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

982

1,025

Other loans

3,632

Trade creditors

-

2,942

Other creditors

6,444

Directors' current accounts

1,158,186

944,491

Deferred income

-

1,600

Accrued expenses

1,135

1,387

1,170,379

961,521

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2025

2024

£

Bank loans - 1-2 years

-

1,005

Other loans - 1-2 years

3,632

Other loans - 2-5 years

10,897

Other loans more 5yrs instal

47,111

49,142

61,640

64,676

Amounts falling due in more than five years:

Repayable by instalments

Other loans more 5yrs instal

47,111

49,142

9.	PROVISIONS FOR LIABILITIES

2025

2024

£

Deferred tax

144,574

Deferred

tax

£

Balance at 1 September 2024

144,574

Balance at 31 August 2025

144,574

Deferred tax is provided for in full on the Investment Property.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

1

Ordinary

£1

1

11.

RESERVES

Fair

Revaluation

value

reserve

Totals

£

At 1 September 2024

and 31 August 2025

118,601

399,982

518,583

12.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following directors loan account subsisted during the year;

Directors loan account 1

A member of key management personnel

During the year the Director advanced the Company £252,156 (2024: £756,889).

During the year the Company repaid the Director £38,461 (2024: £44,305).

As at the year end the Company owed the Director £1,158,186 (2024: £944,491).

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 August 2025 set out on pages one to twelve and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Higson & Co (Deal) Ltd

45 Queen Street

Deal

Kent

CT14 6EY

Date: .............................................