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

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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.

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

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

DPK Real Estate Services Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 5 Seaforth Place, London, SW1E 6AB.

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted. If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally 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.

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

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.

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

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. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

The tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

The average monthly number of persons (including directors) employed by the company during the year was:

Details of the company's subsidiaries at 30 November 2025 are as follows:

DPK Autostrada Ltd, a subsidiary, voted dividends to DPK Real Estate Services ltd of nil (2024 £9,089,454). At the year end an amount was owed by that company of nil (2024 £923,568).

DPK Artillery Investments S.A.R.L., a subsidiary, received various amounts during the year. Loans were written off in the year of nil (2024 £249,226). At the year end a net amount of nil (2024 £23,886) was owed by this company.

Maxwell Investments 1 LLP, an entity in which the Director is a designated member, at the year end owed the company £1,712 (2024 £1,712).

Maxwell Investments 2 LLP, an entity in which the Director is a designated member, at the year end owed the company £990 (2024 £990).

DPK Property Investments Ltd, a subsidiary, received various amounts during the year. A provision against loans was made in the year of nil (2024 £20,750). At the year end an amount was owed by that company of nil (2024 nil).

DPK Roydon Management Ltd, a subsidiary, received various amounts during the year. At the year end an amount was owed by that company of £1,147,267 (2024 £1,315,267).

DPK Seaforth Place Ltd, a subsidiary received various amounts during the year. At the year end and amount was owed by that company of £1,472 (2024 £1,034).

SARL Fonciere Vauclusienne FOVA, a subsidiary, received various amounts during the year. At the year end an amount was owed by that company of £106,789 (2024 £88,369). Interest was charged on these advances of £3,365 (2024 £3,078).

Solent Land Ltd, a subsidiary, received no amounts during the year. At the year end an amount was owed by that company of £206,284 (2024 £206,284).

RAD Custom Winery Ltd, a subsidiary, received various amounts during the year. At the year end an amount was owed by that company of £545,210 (2024 £314,925).

NAMT Holdco Ltd, a company with a mutual Director. During the year a provision of £7,500 (2024 £743,533) was made against the outstanding balance, at the year end an amount was owed by that company of nil (2024 nil).

Credit4 Ltd, a company with a mutual Director owed an amount at the year end totalling £2,422,734 (2024 £2,226,345). Included in the balance was interest due for the year of £76,389 (2024 £146,197).

DPK Management Ltd, a company with a mutual Director, received additional amounts during the year. At the year end an amount was owed by that company of £1,180,716 (2024 £665,716).

Newrad Holding Ltd, a subsidiary company at the year end owed an amount of £2,852,361 (2024 £2,852,361).

Newrad JV Company Ltd, a subsidiary company at the year end owed an amount of £361 (2024 £361).

Transactions occurred with DPK Quay Ltd an investment of AAIM Lagonda Purchaser Ltd, a subsidiary of this company. During the year a provision of nil (2024 £335,971) was made against the outstanding balance by DPK Real Estate Ltd, at the year end an amount of nil (2024 £37,800) was owed to DPK Real Estate Ltd.

DPK Property Holdings Ltd, a company with a mutual Director, received no additional amounts during the year. At the year end an amount was owed by that company of £10,010 (2024 £6,740).

DPK East Ltd, an investment of DPK Autostrada Ltd, a subsidiary of this company, forwarded no additional amounts during the year. At the year end an amount was owed to that company of £566,429 (2024 £566,429). Interest was charged on this loan in the year of nil (2024 nil).

David Maxwell Racing Ltd, a subsidiary, received various amounts during the year. During the year and amount of £355,964 (2024 nil) previously written off balance was recovered, at the year end an amount was owed to that company of nil (2024 £319,748).

DPK Logistique France Ltd, an indirect subsidiary had no additional movements. A provision was made against the amount due of nil (2024 £556,744). At the year end an amount of nil (2024 nil) was owed to DPK Logistique France.

B-Rad Manco Ltd, a company with a mutual Director, £2,400 (2024 nil) was repaid during the year. At the year end an amount was owed to that company of £954,239 (2024 £956,729).

Mr D Maxwell, a Director, repaid the previous balance/loan during the year. At the year end an amount was owed by him of £748,064 (2024 £8,042,378). Interest was charged on advances of £198,033 (2024 £88,152). The loan was repaid after date within nine months of the year end.

The immediate parent entity is DPK Real Estate LLP registered at 5 Seaforth Place, London SW1E 6AB.

The ultimate controlling party is Mr D Maxwell by virtue of his controlling interest in DPK Real Estate LLP.