Van-dare Properties Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—7

Registered number: 00475633

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		48,477		53,914
Investment Properties	5		6,427,941		6,394,458
Investments	6		50		50

			6,476,468		6,448,422
CURRENT ASSETS
Debtors	7	2,173,158		788,078
Cash at bank and in hand		207,473		242,270

		2,380,631		1,030,348
Creditors: Amounts Falling Due Within One Year	8	(1,392,785 )		(602,142 )

NET CURRENT ASSETS (LIABILITIES)			987,846		428,206

TOTAL ASSETS LESS CURRENT LIABILITIES			7,464,314		6,876,628

Creditors: Amounts Falling Due After More Than One Year	9		(688,503 )		-

PROVISIONS FOR LIABILITIES
Deferred Taxation			(1,212,525 )		(1,205,300 )

NET ASSETS			5,563,286		5,671,328

CAPITAL AND RESERVES
Called up share capital	10		2		2
Fair value reserve	12		4,379,069		4,354,896
Profit and Loss Account			1,184,215		1,316,430

SHAREHOLDERS' FUNDS			5,563,286		5,671,328

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Van-dare Properties Limited

Balance Sheet (continued)

As At 31 December 2025

For the year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mrs P J Aldous

Director

10/08/2026

The notes on pages 3 to 7 form part of these financial statements.

1. General Information

Van-dare Properties Limited is a private company, limited by shares, incorporated in England & Wales, registered number 00475633 . The registered office is 5 Cornfield Terrace, Eastbourne, BN21 4NN.

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 sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

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:

Plant & Machinery	10% Reducing Balance
Motor Vehicles	20% Reducing Balance
Fixtures & Fittings	15% Reducing Balance
Computer Equipment	3 Years Straight Line

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.

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Van-dare Properties Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.5. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2024: 4)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost or Valuation
As at 1 January 2025	23,230	53,485	3,698	22,052	102,465
Additions	-	2,900	-	1,902	4,802

As at 31 December 2025	23,230	56,385	3,698	23,954	107,267

Depreciation
As at 1 January 2025	6,527	19,255	1,736	21,033	48,551
Provided during the period	1,671	6,846	294	1,428	10,239

As at 31 December 2025	8,198	26,101	2,030	22,461	58,790

Net Book Value
As at 31 December 2025	15,032	30,284	1,668	1,493	48,477

As at 1 January 2025	16,703	34,230	1,962	1,019	53,914

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Van-dare Properties Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

5. Investment Property

	2025
	£
Fair Value
As at 1 January 2025	6,394,458
Revaluations	33,483

As at 31 December 2025	6,427,941

If investment property had been accounted for under historical cost accounting rules, the amounts would be:

	2025	2024
	£	£
Cost	847,008	847,532

The investment properties were previously valued in June 2024 on a fair value basis by a professionally qualified individual. The directors have deemed this as still a true and fair representation of the value of the properties.

6. Investments

	Unlisted
	£
Cost or Valuation
As at 1 January 2025	50

As at 31 December 2025	50

Provision
As at 1 January 2025	-

As at 31 December 2025	-

Net Book Value
As at 31 December 2025	50

As at 1 January 2025	50

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Van-dare Properties Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	80,942	12,566
Other debtors	2,048,132	775,512

	2,129,074	788,078
Due after more than one year
Other debtors	44,084	-

	2,173,158	788,078

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	17,976	3,439
Other loans	34,672	-
Amounts owed to participating interests	1,202,991	535,942
Other creditors	49,558	52,532
Taxation and social security	87,588	10,229

	1,392,785	602,142

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

	2025	2024
	£	£
Other loans	688,503	-

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	2	2

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Van-dare Properties Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

11. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 January 2025	Amounts advanced	Amounts repaid	Amounts written off	As at 31 December 2025
	£	£	£	£	£
Mrs Philippa Aldous	201,902	1,409,190	153,570	-	1,457,522
Mr Jonathan Morgan	138,830	91,936	88,812	-	141,954

The above loans are unsecured and loan interest on these amounts is charged at HM Revenue & Customs beneficial loan rate and repayable on demand.

12. Reserves

	Fair Value Reserve
	£
As at 1 January 2025	4,354,896
Transfer to profit and loss	24,173

As at 31 December 2025	4,379,069

13. Related Party Transactions

During the period the company charged a £5,000 (2024 - £24,000) management fee to Bristowville Property Company Limited, a company under the same control as Van-dare Properties Limited. At the year end the company owed £899,563 (2024 - £245,656) to Bristowville Property Company Limited. This amount is unsecured, interest free and repayable on demand.

Included in other creditors is £30,336 (2024 - £17,480 debtor) owed to Penny Stones Limited, a company in which Van-Dare Properties Limited holds 50% of the issued share capital. This amount is unsecured, interest free and repayable on demand.

Included in other creditors is £273,092 (2024 - £272,806) owed to Ardnusbridge Investments Limited, a company under the same control as Van-dare Properties Limited. This amount is unsecured, interest free and repayable on demand.

Included in other debtors is a loan of £300,000 (2024: £300,000) owed by P J Aldous and J F Morgan, the directors of the company. Loan interest on these amounts is charged at HM Revenue & Customs beneficial loan rate and the loans are unsecured and repayable on demand.

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