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Company No: 07859796 (England and Wales)

# DYCE INVESTMENT LIMITED

### UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 30 NOVEMBER 2025
PAGES FOR FILING WITH THE REGISTRAR

DYCE INVESTMENT LIMITED

## UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 NOVEMBER 2025

Contents

DYCE INVESTMENT LIMITED

## BALANCE SHEET

AS AT 30 NOVEMBER 2025
DYCE INVESTMENT LIMITED

## BALANCE SHEET (continued)

AS AT 30 NOVEMBER 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Investment property | 3 | 1,000,000 |  | 1,000,000
|  | 1,000,000 |  | 1,000,000
Current assets |  |  |  |
Debtors | 4 | 226,030 |  | 211,033
Cash at bank and in hand | 5 | 711,630 |  | 719,762
|  | 937,660 |  | 930,795
Creditors: amounts falling due within one year | 6 | ( 5,008,283) |  | ( 4,816,323)
Net current liabilities |  | (4,070,623) |  | (3,885,528)
Total assets less current liabilities |  | (3,070,623) |  | (2,885,528)
Provision for liabilities | 7 | ( 100,903) |  | ( 76,686)
Net liabilities |  | ( 3,171,526) |  | ( 2,962,214)
Capital and reserves |  |  |  |
Called-up share capital | 8 | 1 |  | 1
Profit and loss account |  | ( 3,171,527 ) |  | ( 2,962,215 )
Total shareholder's deficit |  | ( 3,171,526) |  | ( 2,962,214)

For the financial year ending 30 November 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Dyce Investment Limited (registered number: 07859796) were approved and authorised for issue by the Director on 21 August 2026. They were signed on its behalf by:

Philip Bond Director |

DYCE INVESTMENT LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 NOVEMBER 2025
DYCE INVESTMENT LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 NOVEMBER 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Dyce Investment Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Globe House Market Street, Laugharne, Carmarthen, SA33 4SA, Wales, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include investment properties at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director notes that the business has net liabilities of £3,171,526. The Company is supported through loans from the director and at the year end creditors due within one year include £2,499,679 due to the director. Other creditors also include £2,476,754 of interest accrued and unpaid on the loan from the director. The director has confirmed that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the director will continue to support the Company. Given the current position, the director believes that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

##### Turnover

Turnover represents amounts receivable from rental income and associated recharges on properties. Turnover is recognised on an accruals basis and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

##### Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

##### Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand with original maturities of three months or less.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are measured at transaction price including transaction costs.

Basic financial liabilities
Basic financial liabilities, including creditors are recognised at transaction price.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including the director | 1 |  | 1

#### 3. Investment property

| Investment property
| £
Valuation |
As at 01 December 2024 | 1,000,000
As at 30 November 2025 | 1,000,000

The investment property was valued by the director on 30 November 2025 at the fair value of £1,000,000.

#### 4. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 26,007 |  | 5,402
Other debtors | 200,023 |  | 205,631
| 226,030 |  | 211,033

#### 5. Cash and cash equivalents

| 2025 |  | 2024
| £ |  | £
Cash at bank and in hand | 711,630 |  | 719,762

#### 6. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Trade creditors | 4,571 |  | 1,515
Corporation tax | 6,557 |  | 20,007
Other taxation and social security | 601 |  | 0
Other creditors | 4,996,554 |  | 4,794,801
| 5,008,283 |  | 4,816,323

#### 7. Provision for liabilities

| 2025 |  | 2024
| £ |  | £
Deferred tax | 100,903 |  | 76,686

#### 8. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
1 Ordinary share of £ 1.00 | 1 |  | 1

#### 9. Related party transactions

Transactions with the entity's director

| 2025 |  | 2024
| £ |  | £
Director's Loan Account | (2,499,679) |  | (2,499,679)

The above loan is unsecured with no fixed repayment terms. The company has accrued interest of £199,974 (2024 - £199,974) payable to the director for the loan at the year end.
In 2018 the company advanced a loan of £200,023 to a company which has a common director. The balance outstanding at 30 November 2025 was £200,023 (2024 - £200,023). This loan is interest free and has no fixed terms of repayment in place.