ACCOUNTS - Final Accounts preparation

Registered number: 12657520

	UNAUDITED FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 DECEMBER 2025

	DISTRICTS PROPERTIES LTD


DISTRICTS PROPERTIES LTD

COMPANY INFORMATION

Director	B Asadi


Registered number	12657520


Registered office	4th Floor
	95 Gresham Street
	London
	EC2V 7AB


Accountants	Menzies LLP
	Chartered Accountants
	2nd Floor, Origin One
	108 High Street
	Crawley
	RH10 1BD


DISTRICTS PROPERTIES LTD

CONTENTS

	Page
Statement of financial position	1 - 2
Notes to the financial statements	3 - 7


DISTRICTS PROPERTIES LTD REGISTERED NUMBER:12657520

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2025

		2025		2024
Note		£		£

Fixed assets
Tangible assets	4		288,709		312,221
			288,709		312,221
Current assets
Debtors: amounts falling due within one year	5	42,451		27,346
Bank and cash balances		39,868		37,373
		82,319		64,719
Creditors: amounts falling due within one year	6	(1,172,283)		(946,925)
Net current liabilities			(1,089,964)		(882,206)
Total assets less current liabilities			(801,255)		(569,985)
Provisions for liabilities
Deferred tax		(10,016)		(11,198)
			(10,016)		(11,198)
Net liabilities			(811,271)		(581,183)

Page 1


DISTRICTS PROPERTIES LTD REGISTERED NUMBER:12657520

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 DECEMBER 2025

		2025		2024
		£		£

Capital and reserves
Called up share capital	1	1
Profit and loss account	(811,272)	(581,184)
	(811,271)	(581,183)

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

B Asadi

Director

Date: 7 August 2026

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

Page 2


DISTRICTS PROPERTIES LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

1.	General information

Districts Properties Ltd is a private company, limited by shares, registered in England and Wales. The Company's registered number and registered office address can be found on the company information page.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Going concern

At the balance sheet date, the Company had net current liabilities of £(1,089,964) (2024: £(882,206)) and net liabilities of £(811,271) (2024: £(581,183)).

With the continued support of the Director, he is satisfied that the going concern basis of preparation continues to be appropriate.

2.3

Revenue

Turnover represents amounts (excluding value added tax) derived from the sales, lettings and management of properties.

2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

Page 3


DISTRICTS PROPERTIES LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Page 4


DISTRICTS PROPERTIES LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Leasehold improvements	-	15 years straight line
Motor vehicles	-	25% reducing balance
Fixtures and fittings	-	25% reducing balance
Office equipment	-	25% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.7

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Employees

The average monthly number of employees, including the director, during the year was 7 (2024 - 4).

Page 5


DISTRICTS PROPERTIES LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

4.	Tangible fixed assets

	Leasehold improvements	Motor vehicles	Fixtures and fittings	Office equipment	Total
	£	£	£	£	£
Cost or valuation
At 1 January 2025	374,496	7,000	8,467	7,737	397,700
Additions	-	-	4,568	2,229	6,797
At 31 December 2025	374,496	7,000	13,035	9,966	404,497
Depreciation
At 1 January 2025	72,826	4,047	4,578	4,028	85,479
Charge for the year	24,966	738	2,114	2,491	30,309
At 31 December 2025	97,792	4,785	6,692	6,519	115,788
Net book value
At 31 December 2025	276,704	2,215	6,343	3,447	288,709
At 31 December 2024	301,670	2,953	3,889	3,709	312,221

Debtors

					2025	2024
					£	£


Trade debtors	13,625	1,274
Other debtors	19,708	19,693
Prepayments and accrued income	9,118	6,379
	42,451	27,346

6.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Trade creditors	34,852	3,597
Other taxation and social security	20,066	11,616
Other creditors	996,529	841,764
Accruals and deferred income	120,836	89,948
	1,172,283	946,925

Page 6


DISTRICTS PROPERTIES LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

7.	Related party transactions

Included in other creditors is a balance of £994,984 (2024 - £840,992) owed to companies under common control of the director. No interest was charged on these balances and they are deemed repayable on demand.members have not required the company to obtain an audit

Page 7