Company registration number 01824543 (England and Wales)
DRAKESTOWN PROPERTIES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
PAGES FOR FILING WITH REGISTRAR
DRAKESTOWN PROPERTIES LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
DRAKESTOWN PROPERTIES LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2025
31 December 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
28,819
34,306
Investment property
4
10,163,382
10,000,000
10,192,201
10,034,306
Current assets
Debtors
5
1,372,155
342,434
Cash at bank and in hand
386,348
666,347
1,758,503
1,008,781
Creditors: amounts falling due within one year
6
(1,089,887)
(529,376)
Net current assets
668,616
479,405
Total assets less current liabilities
10,860,817
10,513,711
Provisions for liabilities
(1,434,442)
(1,435,814)
Net assets
9,426,375
9,077,897
Capital and reserves
Called up share capital
7
476
476
Profit and loss reserves
9,425,899
9,077,421
Total equity
9,426,375
9,077,897
DRAKESTOWN PROPERTIES LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 DECEMBER 2025
31 December 2025
- 2 -

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.

T he 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 Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 26 May 2026 and are signed on its behalf by:
Mr J R Hart
Director
Company registration number 01824543 (England and Wales)
DRAKESTOWN PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
- 3 -
1
Accounting policies
Company information

Drakestown Properties Limited is a private company limited by shares incorporated in England and Wales. The registered office is Queens Court Trading Estate, Greets Green Road, West Bromwich, West Midlands, B70 9EG.

1.1
Accounting convention

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 have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is comprised of amounts receivable from tenants for rent and utilities.

1.3
Tangible fixed assets

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

Plant and equipment
15% on reducing balance
Fixtures and fittings
15% on reducing balance
Computers
33% on cost
1.4
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.

1.5
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 profit and loss account 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.

1.6
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

DRAKESTOWN PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 4 -
2
Employees

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

2025
2024
Number
Number
Total
4
5
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2025
82,313
Additions
1,861
At 31 December 2025
84,174
Depreciation and impairment
At 1 January 2025
48,007
Depreciation charged in the year
7,348
At 31 December 2025
55,355
Carrying amount
At 31 December 2025
28,819
At 31 December 2024
34,306
4
Investment property
2025
£
Fair value
At 1 January 2025
10,000,000
Additions
163,382
At 31 December 2025
10,163,382
DRAKESTOWN PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 5 -
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
101,468
85,649
Amounts owed by group undertakings
1,012,940
-
0
Other debtors
257,747
256,785
1,372,155
342,434
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
74,800
22,325
Taxation and social security
145,767
136,574
Other creditors
869,320
370,477
1,089,887
529,376
7
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of 1p each
47,600
47,600
476
476
8
Parent company

The company is a majority owned subsidiary of Mojo Capital Limited, a company registered in England and Wales.

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