Drayton Lettings Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 13051868

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Investment Properties	4		1,251,078		375,610

			1,251,078		375,610
CURRENT ASSETS
Debtors	5	587		160,498
Cash at bank and in hand		4,043		19,392

		4,630		179,890
Creditors: Amounts Falling Due Within One Year	6	(730,678 )		(436,660 )

NET CURRENT ASSETS (LIABILITIES)			(726,048 )		(256,770 )

TOTAL ASSETS LESS CURRENT LIABILITIES			525,030		118,840

Creditors: Amounts Falling Due After More Than One Year	7		(400,657 )		-

PROVISIONS FOR LIABILITIES
Deferred Taxation			(16,250 )		(16,250 )

NET ASSETS			108,123		102,590

CAPITAL AND RESERVES
Called up share capital	8		100		100
Fair value reserve	9		48,750		65,000
Profit and Loss Account			59,273		37,490

SHAREHOLDERS' FUNDS			108,123		102,590

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Drayton Lettings Limited

Balance Sheet (continued)

As At 30 November 2025

For the 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.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Stephen Jenks

Director

25th August 2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Drayton Lettings Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13051868 . The registered office is 7 Cheshire Street , Market Drayton, Shropshire, TF9 1PD.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention, modified to include investment properties at fair value, in accordance with FRS 102 Section 1A and the Companies Act 2006.

2.2. Turnover

Rental income from investment properties is recognised in the profit and loss account on a straight-line basis over the term of the lease, unless another systematic basis is more representative of the time pattern in which benefit from the leased property is derived. Rental income received in advance is deferred and amounts due but not received at the reporting date are accrued.

2.3. Investment Properties

All investment properties are carried at fair value determined annually 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 for. Changes in fair value are recognised in the profit and loss account.

2.4. Financial Instruments

Basic financial liabilities are initially recognised at transaction price and subsequently measured at amortised cost. Bank borrowings are subsequently measured using the effective interest method. Transaction costs directly attributable to obtaining bank borrowings are deducted from the initial carrying amount and recognised as finance costs over the expected life of the borrowing using the effective interest method.

2.5. Taxation

The tax expense represents the sum of current tax and deferred tax.

Current tax is based on the taxable profit for the year. Taxable profit differs from profit as reported in the financial statements because it excludes items of income or expense that are taxable or deductible in other periods and items that are never taxable or deductible. Current tax is calculated using tax rates and laws that have been enacted or substantively enacted by the reporting date.

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

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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply when the timing differences reverse.

Current and deferred tax are recognised in profit or loss, except where they relate to items recognised in other comprehensive income or directly in equity, in which case the tax is also recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2024: NIL)

4. Investment Property

	2025
	£
Fair Value
As at 1 December 2024	375,610
Additions	875,468

As at 30 November 2025	1,251,078

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Drayton Lettings Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	587	498
Other debtors	-	160,000

	587	160,498

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	95	-
Corporation tax	1,298	11,248
Other creditors	224,115	141,324
Jenks property creditor	55,500	-
Accruals and deferred income	1,440	1,440
Directors' loan accounts	448,230	282,648

	730,678	436,660

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	400,657	-

Of the creditors falling due after more than one year the following amounts are due after more than five years.

The bank loan is secured by a legal charge over the company's investment property. At 30 November 2025 the gross contractual principal outstanding was £412,000 and the carrying amount, net of unamortised transaction costs, was £400,657.

	2025		2024
	£		£
Bank loans	412,000		-

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

9. Reserves

	Fair value reserve	Profit and Loss Account
	£	£
As at 1 December 2024	65,000	37,490
Profit for the year and total comprehensive income	-	5,533

Movements in fair value reserve	(16,250)	-
Transfer to/from Fair value reserve	-	16,250

As at 30 November 2025	48,750	59,273

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Drayton Lettings Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

10. Related Party Transactions

At 30 November 2025, amounts of £448,230 (2024: £282,648) were due to directors of the company and £224,115 (2024: £141,324) was due to a shareholder holding a participating interest in the company. These balances are interest-free and unsecured. The relevant parties have confirmed that they do not intend to seek repayment within the next 12 months.

During the year, the company acquired an investment property for £800,000 from a company controlled by a director and shareholder of the company. The directors have confirmed that the consideration represented market value. £400,000 of the consideration was settled through the intercompany account.

Interest income of £5,000 (2024: £nil) was recognised during the year in respect of the intercompany balance. At 30 November 2025, £55,500 was due to the connected company, whereas at 30 November 2024 £160,000 was due from the connected company. The balance at 30 November 2025 was interest-free, unsecured and had no fixed repayment schedule.

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