Company Registration No. 00554535 (England and Wales)
Blue Dragon Dry Cleaners Limited
Unaudited financial statements
for the year ended 31 March 2026
Pages for filing with the registrar
Blue Dragon Dry Cleaners Limited
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 9
Blue Dragon Dry Cleaners Limited
Statement of financial position
As at 31 March 2026
31 March 2026
1
2026
2025
Notes
£
£
£
£
Fixed assets
Tangible assets
5
65,609
172,544
Investment property
6
3,475,000
2,825,000
3,540,609
2,997,544
Current assets
Debtors
7
17,895
15,607
Cash at bank and in hand
5,373
5,826
23,268
21,433
Creditors: amounts falling due within one year
8
(115,196)
(120,378)
Net current liabilities
(91,928)
(98,945)
Total assets less current liabilities
3,448,681
2,898,599
Creditors: amounts falling due after more than one year
9
-
0
(1,571)
Provisions for liabilities
10
(565,476)
(433,136)
Net assets
2,883,205
2,463,892
Capital and reserves
Called up share capital
12
3,702
3,702
Revaluation reserve
11,309
114,963
Other reserves
2,544,289
2,043,561
Profit and loss reserves
323,905
301,666
Total equity
2,883,205
2,463,892

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

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

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.

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.

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

Blue Dragon Dry Cleaners Limited
Statement of financial position (continued)
As at 31 March 2026
31 March 2026
2
The financial statements were approved by the board of directors and authorised for issue on 3 July 2026 and are signed on its behalf by:
William Orford
Director
Company Registration No. 00554535
Blue Dragon Dry Cleaners Limited
Notes to the financial statements
For the year ended 31 March 2026
3
1
Accounting policies
Company information

Blue Dragon Dry Cleaners Limited is a private company limited by shares incorporated in England and Wales. The registered office is Whiteleys Parade, Uxbridge Road, Hillingdon Heath, Middlesex, UB10 0NZ.

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 are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties, and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land & buildings
2% per annum straight line basis
Plant and machinery
10% per annum straight line basis
Fixtures, fittings & office equipment
10% per annum straight line basis
Motor vehicles
25% per annum straight line basis

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Investment properties

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Blue Dragon Dry Cleaners Limited
Notes to the financial statements (continued)
For the year ended 31 March 2026
1
Accounting policies (continued)
4

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally 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.

Basic financial assets

Basic financial assets, which include debtors, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Blue Dragon Dry Cleaners Limited
Notes to the financial statements (continued)
For the year ended 31 March 2026
1
Accounting policies (continued)
5
Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

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

1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

1.8
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 income statement 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 taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

A net deferred tax asset is regarded as recoverable and therefore recognised only when, on the basis of all available evidence, it can be regarded as more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.

1.9
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.

Blue Dragon Dry Cleaners Limited
Notes to the financial statements (continued)
For the year ended 31 March 2026
1
Accounting policies (continued)
6
1.10
Leases

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

2
Employees

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

2026
2025
Number
Number
Total
6
7
3
Taxation
2026
2025
£
£
Current tax
UK corporation tax on profits for the current period
4,084
-
0
Adjustments in respect of prior periods
-
0
(4,599)
Total current tax
4,084
(4,599)
Deferred tax
Origination and reversal of timing differences
132,340
(420)
Total tax charge/(credit)
136,424
(5,019)
Blue Dragon Dry Cleaners Limited
Notes to the financial statements (continued)
For the year ended 31 March 2026
7
4
Intangible fixed assets
£
Cost
At 1 April 2025 and 31 March 2026
15,000
Amortisation and impairment
At 1 April 2025 and 31 March 2026
15,000
Carrying amount
At 31 March 2026
-
0
At 31 March 2025
-
0
5
Tangible fixed assets
Freehold land & buildings
Plant and machinery
Total
£
£
£
Cost
At 1 April 2025
288,504
226,698
515,202
Additions
-
0
3,831
3,831
Disposals
-
0
(90,381)
(90,381)
Transfers
(190,000)
-
0
(190,000)
At 31 March 2026
98,504
140,148
238,652
Depreciation and impairment
At 1 April 2025
122,100
220,558
342,658
Depreciation charged in the year
4,437
2,159
6,596
Eliminated in respect of disposals
-
0
(90,381)
(90,381)
Transfers
(85,830)
-
0
(85,830)
At 31 March 2026
40,707
132,336
173,043
Carrying amount
At 31 March 2026
57,797
7,812
65,609
At 31 March 2025
166,404
6,140
172,544
6
Investment property
2026
£
Fair value
At 1 April 2025
2,825,000
Transfers
104,170
Revaluations
545,830
At 31 March 2026
3,475,000
Blue Dragon Dry Cleaners Limited
Notes to the financial statements (continued)
For the year ended 31 March 2026
6
Investment property (continued)
8

Investment property comprises commercial and residential let property.

The fair value of the investment property has been arrived at on the basis of a valuation carried out by a Chartered Surveyor, who is not connected with the company, in May 2017. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

The directors have reviewed the valuation and have confirmed that they believe them to be appropriate.

7
Debtors
2026
2025
Amounts falling due within one year:
£
£
Trade debtors
5,853
11,008
Corporation tax recoverable
-
0
4,599
Other debtors
12,042
-
0
17,895
15,607
8
Creditors: amounts falling due within one year
2026
2025
£
£
Bank loans
1,784
10,648
Trade creditors
5,534
9,586
Amounts owed to group undertakings
25,100
39,302
Corporation tax
4,084
-
0
Other taxation and social security
9,646
5,259
Other creditors
69,048
55,583
115,196
120,378
9
Creditors: amounts falling due after more than one year
2026
2025
£
£
Bank loans and overdrafts
-
0
1,571
10
Provisions for liabilities
2026
2025
£
£
Deferred tax liabilities
565,476
433,136
Blue Dragon Dry Cleaners Limited
Notes to the financial statements (continued)
For the year ended 31 March 2026
9
11
Retirement benefit schemes
2026
2025
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
5,677
1,916

The company operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the company in an independently administered fund.

12
Called up share capital
2026
2025
2026
2025
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
3,702
3,702
3,702
3,702
13
Financial commitments, guarantees and contingent liabilities

The company has signed an unlimited multilateral guarantee with Blue Dragon (Beaconsfield) Limited, Blue Dragon (Hillingdon) Limited and Blue Dragon (Management) Limited to secure all the liabilities of each other.

The aggregate amount of the liability outstanding as at 31 March 20 26 was £483,022 (20 25 - £261,458).

14
Related party transactions
Transactions with related parties

During the year the company entered into the following transactions with related parties:

During the year Blue Dragon Dry Cleaners Limited paid management charges and purchases on a commercial basis of £203,089 (2025 - £193,224) to Blue Dragon (Hillingdon) Limited (a company under common control).

Included within creditors is an amount due to Blue Dragon Dry Cleaners Limited of £25,100 (2025 - £39,302).

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