DOWNES PROPERTY LIMITED

	Page
Statement of Financial Position	1—2
Notes to the Financial Statements	3—5

Registered number: 00577683

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		2,805,660		3,155,256

			2,805,660		3,155,256
CURRENT ASSETS
Debtors	5	8,591		20,691
Cash at bank and in hand		1,698,065		1,428,172

		1,706,656		1,448,863
Creditors: Amounts Falling Due Within One Year	6	(138,589 )		(180,696 )

NET CURRENT ASSETS (LIABILITIES)			1,568,067		1,268,167

TOTAL ASSETS LESS CURRENT LIABILITIES			4,373,727		4,423,423

NET ASSETS			4,373,727		4,423,423

CAPITAL AND RESERVES
Called up share capital	7		96,950		96,950
Capital redemption reserve			206,050		206,050
Fair value reserve	9		752,756		757,756
Income Statement			3,317,971		3,362,667

SHAREHOLDERS' FUNDS			4,373,727		4,423,423

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DOWNES PROPERTY LIMITED

Statement of Financial Position (continued)

As At 31 March 2026

For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

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

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.

On behalf of the board

Mr Ian Downes

Director

20/05/2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

DOWNES PROPERTY LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 00577683 . The registered office is St James House , 65 Mere Green Road, Sutton Coldfield, West Midlands , B75 5BY.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

2.2. Turnover

Turnover is the total amount receivable by the Company in the ordinary course of business for services provided, excluding VAT.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant & Machinery	25% reducing balance
Fixtures & Fittings	15% reducing balance
Computer Equipment	33 1/3% straight line

2.4. Investment Properties

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

2.5. Leasing and Hire Purchase Contracts

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

2.6. Taxation

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

3. Average Number of Employees

Average number of employees, including directors, during the year was: 3 (2025: 4)

4. Tangible Assets

	Investment Properties	Plant & Machinery	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost or Valuation
As at 1 April 2025	3,153,333	16,335	33,264	1,467	3,204,399
Additions	-	-	-	1,275	1,275
Disposals	(345,000 )	-	-	(1,467 )	(346,467 )
Revaluation	(5,000 )	-	-	-	(5,000 )

As at 31 March 2026	2,803,333	16,335	33,264	1,275	2,854,207

...CONTINUED

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DOWNES PROPERTY LIMITED

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

Depreciation
As at 1 April 2025	-	14,776	32,900	1,467	49,143
Provided during the period	-	390	55	426	871
Disposals	-	-	-	(1,467 )	(1,467 )

As at 31 March 2026	-	15,166	32,955	426	48,547

Net Book Value
As at 31 March 2026	2,803,333	1,169	309	849	2,805,660

As at 1 April 2025	3,153,333	1,559	364	-	3,155,256

The original cost of investment property was £2,818,836 . Investment property is valued at an open market value on an annual basis by the directors .

5. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	6,469	12,724
Other debtors	2,122	7,967

	8,591	20,691

6. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	2,529	3,489
Other creditors	127,670	157,289
Taxation and social security	8,390	19,918

	138,589	180,696

7. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	96,950	96,950

8. Directors Advances, Credits and Guarantees

Lease commitments

The total financial commitments which are not included in the balance sheet amount to £Nil (2025:£80,850).

9. Reserves

	Fair Value Reserve
	£
As at 1 April 2025	757,756
Movements in fair value reserve	(5,000)

As at 31 March 2026	752,756

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DOWNES PROPERTY LIMITED

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

10. Related Party Transactions

Mr I J R Downes is a director and controlling shareholder of the Company

At 31st March 2026 a loan of £100,407 was owed by the Company to Mr I J R Downes (2025 : £125,419), a market rate of interest of £6,250 has been paid on this balance in the year (2025: £12,500).

Dividends were paid in the year to the following individuals who are all directors of the Company, Mrs J S Downes £2,250, Mr I J R Downes £39,000, Mr D A Downes £9,375 and Mrs S Cowgill £9,375.

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