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Registration number: 08091210

Daniel Lambert Limited
Unaudited Financial Statements
for the Year Ended 31 May 2026

Daniel Lambert Limited

(Registration number: 08091210)
Balance Sheet as at 31 May 2026

| Note | 2026 £ | 2025 £
Fixed assets |  |  |
Tangible assets | 3 | 35,057,464 | 30,715,189
Investments | 4 | 100 | -
|  | 35,057,564 | 30,715,189
Current assets |  |  |
Debtors | 5 | 1,082,448 | 763,658
Cash at bank and in hand |  | 776,792 | 310,344
|  | 1,859,240 | 1,074,002
Creditors: Amounts falling due within one year | 6 | (4,793,557) | (5,295,570)
Net current liabilities |  | (2,934,317) | (4,221,568)
Total assets less current liabilities |  | 32,123,247 | 26,493,621
Creditors: Amounts falling due after more than one year | 6 | (16,565,061) | (11,569,266)
Provisions for liabilities |  | (353,860) | (138,776)
Net assets |  | 15,204,326 | 14,785,579
Capital and reserves |  |  |
Called up share capital |  | 11,522,610 | 11,522,610
Fair value reserve |  | 654,237 | 658,816
Profit and loss account |  | 3,027,479 | 2,604,153
Shareholders' funds |  | 15,204,326 | 14,785,579

For the financial year ending 31 May 2026 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 accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Daniel Lambert Limited

(Registration number: 08091210)
Balance Sheet as at 31 May 2026 (continued)

These financial statements, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A Small Entities, were approved and authorised for issue by the Board on 13 August 2026 and signed on its behalf by:

......................................... N J B Smith Director

Daniel Lambert Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2026

1 | Accounting policies

Statutory information

Daniel Lambert Limited is a private company, limited by shares, domiciled in England and Wales, company number 08091210. The registered office is at Pegasus House, 463a Glossop Road, Sheffield, S10 2QD.

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value. The presentation currency is United Kingdom pounds sterling, which is the functional currency of the company. The financial statements are those of an individual entity.

Revenue recognition

Turnover represents the income arising from property lettings. Revenue is recognised on a straight line basis over the lease term.

Tax

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

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 taxable income.

Deferred tax shall be recognised in respect of all timing differences at the reporting date, except as otherwise required by FRS102. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that 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 income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Investment property

Investment properties are initally recognised at purchase price plus any directly attributable costs. Measurement after initial recognition should be at fair value if that value can be measured reliably without undue cost or effort. Changes in fair value are recognised in the accumulated profit and loss reserve unless a deficit below original cost, or its reversal, on an individual investment proeprty is expected to be permanent, in which case it is recognised in the profit and loss account for the year.

Financial assets

Investments in shares are included at fair value.

Daniel Lambert Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2026 (continued)

1 | Accounting policies (continued)

Defined contribution pension obligation

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.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the statement of comprehensive income.

2 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2025 - 5).

Daniel Lambert Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2026 (continued)

3 | Tangible assets

| Investment property £
Cost or valuation
At 1 June 2025 | 30,715,189
Revaluations | 210,505
Additions | 5,380,390
Disposals | (1,248,620)
At 31 May 2026 | 35,057,464
Depreciation
Carrying amount
At 31 May 2026 | 35,057,464
At 31 May 2025 | 30,715,189

The investment property was valued by the director on an open market basis at £35,057,464 as at 31 May 2026 (2025: £30,715,189). The historical cost of the investment was £34,049,367 (2025: £29,917,597).

4 | Investments

Subsidiaries | £
Cost or valuation
Additions | 830,508
Disposals | (830,408)
At 31 May 2026 | 100
Carrying amount
At 31 May 2026 | 100

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Daniel Lambert Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2026 (continued)

4 | Investments (continued)

Undertaking | Registered office | Holding | Proportion of voting rights and shares held
|  |  | 2026 | 2025
Subsidiary undertakings
Miljam Properties Limited | Pegasus House 463a Glossop Road Sheffield S10 2QD England and Wales | Ordinary | 100% | 0%

Subsidiary undertakings
Miljam Properties Limited The principal activity of Miljam Properties Limited is other letting and operating of own or leased estate.

During the year the property was transferred to Daniel Lambert Limited and the subsidiary will be wound up.

5 | Debtors

| 2026 £ | 2025 £
Prepayments | 3,372 | -
Other debtors | 1,079,076 | 763,658
| 1,082,448 | 763,658

6 | Creditors

| 2026 £ | 2025 £
Due within one year |  |
Directors current accounts | 4,597,974 | 5,156,474
Amounts owed to group companies | 1,840 | -
Taxation and social security | 30,461 | 68,237
Other creditors | 3,028 | 19,192
Accruals and deferred income | 160,254 | 51,667
| 4,793,557 | 5,295,570

Due after one year |  |
Loans and borrowings | 14,065,061 | 8,811,061
Amounts owed to related parties | 2,500,000 | 2,758,205
| 16,565,061 | 11,569,266

The loans and borrowings are secured against the assets of the company.

Daniel Lambert Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2026 (continued)

7 | Related party transactions

The director's current account included in creditors is a joint loan and is due within one year and is interest free.
Other debtors includes amounts due from related parties, 180615 Limited of £965,064 (2025: £761,005) and Daleside Estates Limited £112,865 (2025: £19,192 creditor) which are also interest free.