REGISTERED NUMBER: 07425534 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2025

FOR

DE FACTO REPORTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs P A Moroney

Dr J D Moroney

REGISTERED OFFICE:

St Olaves House

Cinder Lane

Heworth

York

North Yorkshire

YO31 7TP

REGISTERED NUMBER:

07425534 (England and Wales)

ACCOUNTANTS:

Fortus Limited

Business Advisors & Accountants

Equinox House

Clifton Park, Shipton Road

York

Yorkshire

YO30 5PA

FIXED ASSETS

Tangible assets

3

10,080

9,848

Investment property

4

365,000

365,000

375,080

374,848

CURRENT ASSETS

Cash at bank and in hand

3,769

7,153

CREDITORS

Amounts falling due within one year

5

58,252

56,187

NET CURRENT LIABILITIES

(54,483

)

(49,034

)

TOTAL ASSETS LESS CURRENT LIABILITIES

320,597

325,814

PROVISIONS FOR LIABILITIES

18,853

817

NET ASSETS

301,744

324,997

CAPITAL AND RESERVES

Called up share capital

10

10

Revaluation reserve

6

-

67,960

Retained earnings

301,734

257,027

SHAREHOLDERS' FUNDS

301,744

324,997

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 February 2026 and were signed on its behalf by:

Dr J D Moroney - Director

Mrs P A Moroney - Director

1.	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, value added tax and other sales taxes.

Tangible fixed assets

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

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Investment property was valued on 30 November 2025 by the directors of the company.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

The company has estimated losses of £7,367 available for carry forward against future trading profit.

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.

Revaluation reserve reclassification

During the year, it was considered appropriate to reclassify two balances of a similar nature within the financial statements in order to improve clarity and presentation. Accordingly, the comparative figures have been reclassified to conform with the current year presentation. This reclassification has no impact on the profit for the year or the net assets of the company.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

3.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 December 2024

26,617

18,930

45,547

Additions

-

2,836

2,836

At 30 November 2025

26,617

21,766

48,383

DEPRECIATION

At 1 December 2024

18,784

16,915

35,699

Charge for year

1,652

952

2,604

At 30 November 2025

20,436

17,867

38,303

NET BOOK VALUE

At 30 November 2025

6,181

3,899

10,080

At 30 November 2024

7,833

2,015

9,848

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 December 2024

and 30 November 2025

365,000

NET BOOK VALUE

At 30 November 2025

365,000

At 30 November 2024

365,000

Investment property is measured at fair value, determined by reference to market evidence of transaction prices for similar properties.

Fair value at 30 November 2025 is represented by:

£

Valuation in 2025

365,000

If following historical cost had not been revalued it would have been included at the following historical cost:

2025

2024

£

£

Cost

297,040

297,040

Investment property was valued on an open market basis on 30 November 2025 by the directors .

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other creditors

58,252

56,187

6.

RESERVES

Included within retained earnings are amounts of £50,970 (2024: £67,960) which relate to property revaluation gains, less deferred tax thereon. As these gains are unrealised they are not available to be distributed.