REGISTERED NUMBER: 08032632 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

FOR

C & L DWYER-SMITH LIMITED

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

-

402

Investments

5

3,160,800

160,800

Investment property

6

15,315,000

17,076,500

18,475,800

17,237,702

CURRENT ASSETS

Debtors

7

240,221

429,952

Cash at bank

306,952

698,890

547,173

1,128,842

CREDITORS

Amounts falling due within one year

8

5,617,408

5,646,532

NET CURRENT LIABILITIES

(5,070,235

)

(4,517,690

)

TOTAL ASSETS LESS CURRENT LIABILITIES

13,405,565

12,720,012

CREDITORS

Amounts falling due after more than one year

9

(9,887,555

)

(9,438,211

)

PROVISIONS FOR LIABILITIES

(370,862

)

(462,408

)

NET ASSETS

3,147,148

2,819,393

CAPITAL AND RESERVES

Called up share capital

2

2

Fair value reserve

1,446,685

1,758,482

Retained earnings

1,700,461

1,060,909

3,147,148

2,819,393

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 August 2026 and were signed by:

Mrs L J Dwyer-Smith - Director

1.	STATUTORY INFORMATION

C & L Dwyer-Smith Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

08032632

Registered office:

51 Dyke Road Avenue

Hove

East Sussex

BN3 6QD

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts and rebates.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

33% straight line

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended

Investments in associates

Investments in associate undertakings are recognised at cost.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences 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 tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2025 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2025

and 31 March 2026

1,884

DEPRECIATION

At 1 April 2025

1,482

Charge for year

402

At 31 March 2026

1,884

NET BOOK VALUE

At 31 March 2026

-

At 31 March 2025

402

5.	FIXED ASSET INVESTMENTS

Interest

in

Other

associate

investments

Totals

£

£

£

COST

At 1 April 2025

160,800

-

160,800

Additions

-

3,000,000

3,000,000

At 31 March 2026

160,800

3,000,000

3,160,800

NET BOOK VALUE

At 31 March 2026

160,800

3,000,000

3,160,800

At 31 March 2025

160,800

-

160,800

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2025

17,076,500

Additions

34,780

Disposals

(1,796,500

)

Revaluations

220

At 31 March 2026

15,315,000

NET BOOK VALUE

At 31 March 2026

15,315,000

At 31 March 2025

17,076,500

If investment properties had not been revalued, they would have been included at the historical cost £13,808,744 (2025: £15,166,902).

7.

DEBTORS

2026

2025

£

£

Amounts falling due within one year:

Other debtors

240,221

79,952

Amounts falling due after more than one year:

Other debtors

-

350,000

Aggregate amounts

240,221

429,952

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Amounts owed to group undertakings

4,637,847

4,793,236

Taxation and social security

202,434

246,318

Other creditors

777,127

606,978

5,617,408

5,646,532

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans

9,887,555

9,438,211

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

9,887,555

9,438,211

The loans are secured over the investment properties.