Company No: 06281365 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Intangible assets	3	315		0
Tangible assets	4	1,560,082		1,875,095
Investment property	5	2,100,000		0
		3,660,397		1,875,095
Current assets
Stocks		10,000		79,351
Debtors	6	7,005		15,364
Cash at bank and in hand		56,341		47,717
		73,346		142,432
Creditors: amounts falling due within one year	7	( 219,198)		( 342,738)
Net current liabilities		(145,852)		(200,306)
Total assets less current liabilities		3,514,545		1,674,789
Creditors: amounts falling due after more than one year	8	( 79,540)		( 91,817)
Provision for liabilities		( 446,000)		0
Net assets		2,989,005		1,582,972
Capital and reserves
Called-up share capital	9	10,634		10,634
Share premium account		1,395,496		1,395,496
Revaluation reserve		654,344		321,782
Profit and loss account		928,531		( 144,940 )
Total shareholders' funds		2,989,005		1,582,972

Included in profit and loss reserves are non-distributable reserves of £1,106,773 (2024: £Nil) relating to unrealised gains on investment property, net of deferred tax.

For the financial year ending 30 November 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• 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; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Gerald Dinnis Limited (registered number: 06281365) were approved and authorised for issue by the Board of Directors on 27 July 2026. They were signed on its behalf by:

Mr P G Dinnis Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Gerald Dinnis Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Centenary House Peninsula Park, Rydon Lane, Exeter, EX2 7XE, United Kingdom. The principal place of business is White Horse Self Storage, Tedburn Road, Whitestone, Exeter, Devon, EX4 2HF.

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 items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.

Rental income and self storage income is recognised in the period to which it relates.

Revenue from the sale of goods is recognised as they are delivered.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Other intangible assets

10 years straight line

Trademarks, patents and licences

Separately acquired patents and trademarks are included at cost and amortised in equal annual instalments over a period of 10 years which is their estimated useful economic life. Provision is made for any impairment.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a reducing balance basis over its expected useful life, as follows:

Land and buildings	not depreciated
Plant and machinery	15 % reducing balance
Vehicles	25 % reducing balance
Fixtures and fittings	25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	4		4

3. Intangible assets

	Other intangible assets		Total
	£		£
Cost
At 01 December 2024	0		0
Additions	320		320
At 30 November 2025	320		320
Accumulated amortisation
At 01 December 2024	0		0
Charge for the financial year	5		5
At 30 November 2025	5		5
Net book value
At 30 November 2025	315		315
At 30 November 2024	0		0

4. Tangible assets

	Land and buildings		Plant and machinery		Vehicles		Fixtures and fittings		Total
	£		£		£		£		£
Cost
At 01 December 2024	1,697,223		331,668		78,196		138,045		2,245,132
Additions	0		0		0		640		640
Revaluations	769,344		0		0		0		769,344
Disposals	( 1,020,009)		0		0		0		( 1,020,009)
Transfers	( 31,558)		0		0		0		( 31,558)
At 30 November 2025	1,415,000		331,668		78,196		138,685		1,963,549
Accumulated depreciation
At 01 December 2024	0		221,011		25,141		123,885		370,037
Charge for the financial year	0		16,550		13,263		3,617		33,430
At 30 November 2025	0		237,561		38,404		127,502		403,467
Net book value
At 30 November 2025	1,415,000		94,107		39,792		11,183		1,560,082
At 30 November 2024	1,697,223		110,657		53,055		14,160		1,875,095

Land and buildings represents freehold land and buildings. Neither element is depreciated.

Land and buildings were valued on 30 November 2025 by an independent third party valuer who is external to the company. The basis of this valuation was open market value.

5. Investment property

	Investment property
	£
Valuation
As at 01 December 2024	0
Transfers to and from property, plant and equipment	1,020,009
Revaluation	1,079,991
As at 30 November 2025	2,100,000

6. Debtors

	2025		2024
	£		£
Trade debtors	314		3,437
Prepayments	6,155		11,927
Other debtors	536		0
	7,005		15,364

7. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans	5,293		10,118
Trade creditors	9,564		29,697
Amounts owed to connected companies	141,239		208,267
Amounts owed to directors	3,840		21,957
Accruals and deferred income	9,680		10,874
Other taxation and social security	9,934		17,961
Obligations under finance leases and hire purchase contracts (secured)	6,734		10,839
Other creditors	32,914		33,025
	219,198		342,738

Hire purchase liabilities are secured over the assets to which they relate.

8. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans	0		5,550
Obligations under finance leases and hire purchase contracts (secured)	9,540		16,267
Other creditors	70,000		70,000
	79,540		91,817

Hire purchase liabilities are secured over the assets to which they relate.

9. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
4,534 Ordinary A shares of £ 1.00 each	4,534		4,534
100 Ordinary B shares of £ 1.00 each	100		100
6,000 Ordinary C shares of £ 1.00 each	6,000		6,000
	10,634		10,634

All shares shall rank pari passu in respect of dividend rights, but shall constitute a separate class of shares.

10. Related party transactions

Transactions with the entity's directors

	2025		2024
	£		£
Director Loan	73,840		91,957

During the year amounts totalling £5,000 (2024: £51,854) were paid by the director. Repayments totalling £23,117 (2024: £4,231) were made to the director. The balance due by the director at the balance sheet date is stated above.

During the current year, a loan existed between Dinnis Developments Limited and Gerald Dinnis Limited which are companies under common control. The balance is repayable on demand and no interest was charged during the year. At the balance sheet date, the amount due to Dinnis Developments Limited was £141,239 (2024: £208,267)

During the year, cost recharges of £43,360 were charged by Gerald Dinnis Limited to Dinnis Developments Limited.