DERBYSHIRE LEGAL SERVICES (PROPERTY)

LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C D Gale

Mrs J C Renshaw

R L Roberts

REGISTERED OFFICE:

Sherwood House

1 Snitterton Road

Matlock

Derbyshire

DE4 3LZ

REGISTERED NUMBER:

13323516 (England and Wales)

ACCOUNTANTS:

Sibbalds Limited

Chartered Accountants and Business Advisers

Sixth Floor

Cavendish Building

1 Agard Street

Derby

Derbyshire

DE1 1DZ

FIXED ASSETS

Investment property

4

1,405,000

758,648

CURRENT ASSETS

Debtors

5

10,380

3,609

Cash at bank

7,241

1,315

17,621

4,924

CREDITORS

Amounts falling due within one year

6

603,370

213,143

NET CURRENT LIABILITIES

(585,749

)

(208,219

)

TOTAL ASSETS LESS CURRENT LIABILITIES

819,251

550,429

CREDITORS

Amounts falling due after more than one year

7

(677,182

)

(436,873

)

PROVISIONS FOR LIABILITIES

9

(34,800

)

(28,400

)

NET ASSETS

107,269

85,156

CAPITAL AND RESERVES

Called up share capital

10

3

3

Retained earnings

107,266

85,153

SHAREHOLDERS' FUNDS

107,269

85,156

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 directors acknowledge their 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 September 2026 and were signed on its behalf by:

R L Roberts - Director

1.	STATUTORY INFORMATION

Derbyshire Legal Services (Property) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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, rebates, value added tax and other sales taxes.

Rental income from investment property leased out under operating leases is recognised in the statement of income and retained earnings on a straight-line basis over the term of the lease.

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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Going concern

The financial statements have been prepared on a going concern basis. Although a bank loan of £237,908 is included within creditors due within one year at 31 March 2026, the directors expect this facility to be refinanced prior to its maturity in October 2026. Having considered the expected refinancing and the ongoing support of both a related company and one of the directors, it is appropriate to prepare the financial statements on the going concern basis.

3.	EMPLOYEES AND DIRECTORS

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

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2025

758,648

Additions

625,645

Revaluations

20,707

At 31 March 2026

1,405,000

NET BOOK VALUE

At 31 March 2026

1,405,000

At 31 March 2025

758,648

Fair value at 31 March 2026 is represented by:

£

Valuation in 2022

7,132

Valuation in 2023

103,252

Valuation in 2026

20,707

Cost

1,273,909

1,405,000

The properties were valued on 1st September 2026 by Fidler Taylor Ltd. The directors have assessed that there were no material differences in the valuation of the properties between the date of the professional valuation and the reporting date.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Other debtors

10,380

3,609

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

244,002

8,989

Taxation and social security

653

-

Other creditors

358,715

204,154

603,370

213,143

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans

677,182

436,873

8.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Bank loans

921,184

445,862

The bank borrowings are secured by first legal charges over the company's investment properties plus fixed and floating charges over the assets of the company.

9.	PROVISIONS FOR LIABILITIES

2026

2025

£

£

Deferred tax

34,800

28,400

Deferred

tax

£

Balance at 1 April 2025

28,400

Provided during year

6,400

Balance at 31 March 2026

34,800

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

3

Ordinary

£1

3

3

11.	RELATED PARTY DISCLOSURES

At the year end, £283,954 (2025: £126,775) was due to companies under common control. These amounts are interest-free and repayable on demand.