ACCOUNTS - Final Accounts preparation

Registered number: 03222121

DILLON (HULL) LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

DILLON (HULL) LIMITED

REGISTERED NUMBER: 03222121

BALANCE SHEET

AS AT 31 DECEMBER 2025

		2025		2024
Note		£		£

Fixed assets
Tangible assets	4		26,716		28,784
Investment property	5		890,000		800,000
			916,716		828,784
Current assets
Stocks		5,190		-
Debtors: amounts falling due within one year	6	1,582		-
Cash at bank and in hand		113,315		153,289
Creditors: amounts falling due within one year	7	(181,360)		(241,458)
Net current liabilities			(61,273)		(88,169)
Total assets less current liabilities			855,443		740,615
Provisions for liabilities
Deferred tax	8		(24,239)		(9,374)
Net assets			831,204		731,241

Capital and reserves
Called up share capital		2	2
Profit and loss account	9	831,202	731,239
		831,204	731,241

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DILLON (HULL) LIMITED

REGISTERED NUMBER: 03222121

BALANCE SHEET (CONTINUED)

AS AT 31 DECEMBER 2025

The directors consider 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 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.

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 on 20 August 2026.

P C Dillon

Director

The notes on pages 3 to 8 form part of these financial statements.

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DILLON (HULL) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

1.	General information

Dillon (Hull) Limited is a private Company limited by shares, incorporated in England and Wales (registered number: 03222121). Its registered office is The Embankment, Woodhouse Street, Hull, HU9 1RJ. The principal activity of the Company throughout the year continued to be that of property rental.

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and 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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

∙the Company has transferred the significant risks and rewards of ownership to the buyer;

∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the transaction; and

∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

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DILLON (HULL) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.3

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, as follows.

The depreciation rates used are:

Plant and machinery

15%

Reducing balance

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 the Statement of Income and Retained Earnings.

2.4

Investment property

Investment property is carried at fair value determined annually by the directors 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. Changes in fair value are recognised in the Statement of Income and Retained Earnings.

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DILLON (HULL) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.5

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of
financial assets and liabilities such as bank and cash balances, trade and other accounts receivable
and payable, loans from banks and other third parties and loans to and from related parties.

Debt instruments (other than those wholly repayable or receivable within one year), including loans
and other accounts receivable and payable, are initially measured at the transaction price and
subsequently at amortised cost using the effective interest method. Debt instruments that are payable
or receivable within one year, typically trade payables or receivables, are measured, initially and
subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or
received. However, if the arrangements of a short-term instrument constitute a financing transaction,
the financial asset or liability is measured, initially, at the present value of the future cash flow
discounted at a market rate of interest for a similar debt instrument and subsequently at amortised
cost

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when
there is an enforceable right to set off the recognised amounts and there is an intention to settle on a
net basis or to realise the asset and settle the liability simultaneously.

2.6

Current and deferred taxation

Tax is recognised in the Statement of Income and Retained Earnings

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the Balance Sheet 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 Balance Sheet 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.

Employees

The average monthly number of employees, including directors, during the year was 3 (2024 - 3).

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DILLON (HULL) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

4.	Tangible fixed assets

		Plant and machinery
		£
	Cost or valuation
	At 1 January 2025	33,863
	Additions	2,400
	At 31 December 2025	36,263
	Depreciation
	At 1 January 2025	5,079
	Charge for the year on owned assets	4,468
	At 31 December 2025	9,547
	Net book value
	At 31 December 2025	26,716
	At 31 December 2024	28,784

5.	Investment property

		Freehold investment property
		£
	Valuation
	At 1 January 2025	800,000
	Additions at cost	4,797
	Surplus on revaluation	85,203
	At 31 December 2025	890,000

The 2025 valuations were made by the directors, on an open market value basis.

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DILLON (HULL) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Debtors

					2025	2024
					£	£


Other debtors	1,582	-

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

Corporation tax	21,542	44,265
Other taxation and social security	-	3,906
Other creditors	148,243	182,537
Accruals and deferred income	11,575	10,750
	181,360	241,458

8.	Deferred taxation

	2025	2024
	£	£

At beginning of year	(9,374)	-
Charged to Statement of Income and Retained Earnings	(14,865)	(9,374)
At end of year	(24,239)	(9,374)

The provision for deferred taxation is made up as follows:
	2025	2024
	£	£

Fixed asset timing differences	6,703	7,196
Gain on revaluation of investment properties	17,536	2,178
	24,239	9,374

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DILLON (HULL) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Reserves

Profit and loss account

Included within the profit and loss reserves are non-distributable amounts totalling £215,006 (2024: £145,161).

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