Dealmead Limited

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

1. General Information

Dealmead Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01228502 . The registered office is Beech Knoll Burton Road, Midway, Swadlincote, Derbyshire, DE11 0DP.

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.

The principal accounting policies applied in the preparation of these financial statements are set out below. The policies have been consistently applied to all years presented, unless otherwise stated.

The financial statements have been prepared using the historical cost convention, except, certain items maybe shown at fair value, where disclosed in the accounting policies.

2.2. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern. They are of the opinion they have adequate funding from other lenders to continue trading until the market for new dwellings moves forward.

2.3. Significant judgements and estimations

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities at the balance sheet date and the amounts reported for revenue and expenses during the year. However the nature of estimation means that the actual outcomes could differ from those estimates. There are no significant judgements, apart from those involving estimates, which have had an effect on the values recognised in the financial statements.

Work in progress is valued at cost plus an estimate of the profit earned at the end of the financial period. Should the price of the properties being built have to be reduced then this could have a significant impact on those valuations.

2.4. Turnover

Revenue comprises the fair value of the consideration received or receivable net of value added tax, returns, rebates and discounts. It is recognised in the Profit and Loss Account when the significant risks and rewards of ownership have transferred to the purchaser. Revenue in respect of the sale of residential properties is recognised at the fair value of the consideration received or receivable on legal completion.

Additionally where the outcome of a long term contract can be estimated reliably, revenue and costs are recognised by the stage of completion of the contract activity at the balance sheet date. Where the outcome of the long term activity cannot be estimated reliably the contract costs will be carried as work in progress.

2.5. 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:

Plant & Machinery	on a straight line basis over 3 to 5 years
Motor Vehicles	on a straight line basis over 4 years
Fixtures & Fittings	on a straight line basis over 6 to 10 years

2.6. Leasing and Hire Purchase Contracts

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

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Dealmead Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

2.7. Stocks and Work in Progress

Stocks are initially stated at cost and then held at the lower of this initial amount and net realisable value. The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. Net realisable value represents the net selling price less the esimated costs of completion and costs to be incurred in respect of marketing, selling and distribution. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to net realiable value; the impairment loss is recognised immediately in profit or loss.

2.8. Financial Instruments

Cash and Cash Equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade Debtors

Trade debtors are amounts due from customers for purchases in the ordinary course of business. Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade Creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities. Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

2.9. Pensions

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods. Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

2.10. Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing. Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges. Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

2.11. Share Capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

2.12. Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 5 (2024: 7)

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Dealmead Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£	£
Cost
As at 1 November 2024	179,207	92,837	2,396	274,440
Additions	-	-	1,228	1,228
Disposals	-	-	(960 )	(960 )

As at 31 October 2025	179,207	92,837	2,664	274,708

Depreciation
As at 1 November 2024	103,985	89,772	2,348	196,105
Provided during the period	32,612	3,065	177	35,854
Disposals	-	-	(960 )	(960 )

As at 31 October 2025	136,597	92,837	1,565	230,999

Net Book Value
As at 31 October 2025	42,610	-	1,099	43,709

As at 1 November 2024	75,222	3,065	48	78,335

5. Stocks

	2025	2024
	£	£
Stock	500,029	500,029
Work in progress	981,439	694,579

	1,481,468	1,194,608

Stock refers to land held by the company, all material stocks on site are included in work in progress.

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	45,137	-
Prepayments and accrued income	12,489	2,864
Other debtors	47,661	23,279

	105,287	26,143

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Dealmead Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	26,777	24,414
Other loans	200,000	-
Other taxes and social security	8,605	8,531
Net wages	3,133	158
Accruals and deferred income	3,002	7,922
Directors' loan accounts	949,196	949,196

	1,190,713	990,221

See the related party note for information on the balance on the directors' loan account.

8. Deferred Taxation

The company has tax losses that exceed the accounts written down value of tangible fixed assets, giving rise to a deferred tax asset of £74,775 (2024 - £54,150) recovery of which is not forseeable. No provision has been made in the financial statements for this amount.

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	870	870

10. Reserves

	Share Premium	Profit and Loss Account
	£	£
As at 1 November 2024	60,000	617,383
Loss for the year and total comprehensive income	-	(67,612 )

As at 31 October 2025	60,000	549,771

11. Related Party Transactions

Directors' remuneration, including benefits in kind totalled £100,540 (2024 - £87,450).

At 31 October the loan from Mr B Haywood (deceased), a former director, had not been transferred to his beneficiaries. The sum of £949,196 was outstanding at the year end date (2024 - £949,196). No interest has been charged.

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		43,709		78,335

			43,709		78,335
CURRENT ASSETS
Stocks	5	1,481,468		1,194,608
Debtors	6	105,287		26,143
Cash at bank and in hand		170,890		369,388

		1,757,645		1,590,139
Creditors: Amounts Falling Due Within One Year	7	(1,190,713 )		(990,221 )

NET CURRENT ASSETS (LIABILITIES)			566,932		599,918

TOTAL ASSETS LESS CURRENT LIABILITIES			610,641		678,253

NET ASSETS			610,641		678,253

CAPITAL AND RESERVES
Called up share capital	9		870		870
Share premium account			60,000		60,000
Profit and Loss Account			549,771		617,383

SHAREHOLDERS' FUNDS			610,641		678,253