Daley Estates Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

1. General Information

Daley Estates Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12391493 . The registered office is Hanover Buildings, 11-13 Hanover Street, Liverpool, Merseyside, L1 3DN.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rental of investment properties.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures and fittings	20% straight line
Office equipment	25% reducing balance

2.4. Investment Properties

All investment properties are carried at fair value determined annually 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 for. Changes in fair value are recognised in the profit and loss account.

2.5. Financial Instruments

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 entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

2.6. Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

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Daley Estates Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.7. Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2024: 2)

4. Tangible Assets

	Investment Properties	Fixtures and fittings	Office equipment	Total
	£	£	£	£
Cost or Valuation
As at 1 January 2025	2,909,943	66,881	1,288	2,978,112
Additions	-	2,639	-	2,639
Revaluation	335,510	-	-	335,510

As at 31 December 2025	3,245,453	69,520	1,288	3,316,261

Depreciation
As at 1 January 2025	-	32,727	982	33,709
Provided during the period	-	12,896	76	12,972

As at 31 December 2025	-	45,623	1,058	46,681

Net Book Value
As at 31 December 2025	3,245,453	23,897	230	3,269,580

As at 1 January 2025	2,909,943	34,154	306	2,944,403

The directors believe the carrying value accurately reflects the fair value of the investment properties as at the reporting date. The investment property was valued on an open market value basis by the director, Mr P Daley on 31 December 2024, at the carrying value above of £3,245,453. The historic cost is £2,115,422.

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	26,188	6,892
Other debtors	3,431	2,305

	29,619	9,197

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Daley Estates Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Bank loans and overdrafts	-	332,826
Corporation tax	20,535	932
Accruals and deferred income	2,665	2,527

	23,200	336,285

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	2,056,600	1,605,850
Directors loan account	853,420	853,108

	2,910,020	2,458,958

Of the creditors falling due after more than one year the following amounts are due after more than five years.

	2025		2024
	£		£
Bank loans	2,056,600		1,605,850

8. Secured Creditors

Of the creditors falling due within and after more than one year the following amounts are secured by fixed charges over the properties to which the loans relate.

	2025		2024
	£		£
Bank loans and overdrafts	2,056,600		1,938,676

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

10. Directors Advances, Credits and Guarantees

No director received advances, credits or guarantees during the current or previous accounting periods.

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Daley Estates Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

11. Reserves

	Profit and Loss Account
	£
As at 1 January 2025	141,354
Profit for the year and total comprehensive income	420,018

As at 31 December 2025	561,372

The profit and loss reserve account records retained earnings and accumulated losses, including the revaluation reserve which records the value of asset revaluations and fair value movements on assets recognised in other comprehensive income. The profit and loss reserve account includes both distributable and non distributable as follows:

Profit and (loss) distributable

As at 31/12/2025 - £141,253

As at 31/12/2024 - £56,745

Profit and loss non-distributable

As at 31/12/2025 - £420,119

As at 31/12/2024 - £84,609

12. Related Party Transactions

The following related party transactions were undertaken during the year:

The director introduced amounts totalling £312 (2024: £114,312) and withdrew amounts totalling £Nil (2024: £270). The amount payable to the director from the company as at the year end was £853,420 (2024: £853,108).

No dividends were paid to the directors in respect of their shareholdings.

The aggregate remuneration paid to key management personnel for the year was £Nil.

No further transactions with related parties were undertaken such as are required to be disclosed in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		3,269,580		2,944,403

			3,269,580		2,944,403
CURRENT ASSETS
Debtors	5	29,619		9,197
Cash at bank and in hand		195,493		5,720

		225,112		14,917
Creditors: Amounts Falling Due Within One Year	6	(23,200 )		(336,285 )

NET CURRENT ASSETS (LIABILITIES)			201,912		(321,368 )

TOTAL ASSETS LESS CURRENT LIABILITIES			3,471,492		2,623,035

Creditors: Amounts Falling Due After More Than One Year	7		(2,910,020 )		(2,458,958 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			-		(22,623 )

NET ASSETS			561,472		141,454

CAPITAL AND RESERVES
Called up share capital	9		100		100
Profit and Loss Account			561,372		141,354

SHAREHOLDERS' FUNDS			561,472		141,454