REGISTERED NUMBER: 11499565 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2026

for

Dollcast Properties Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Directors:

M J Howells

Miss C Griffiths

Registered office:

Ty Melyn

Cemetery Road

Maesteg

CF34 0LW

Registered number:

11499565 (England and Wales)

Accountants:

Curtis Bowden & Thomas Limited

Chartered Certified Accountants

101 Dunraven Street

Tonypandy

CF40 1AR

Fixed assets

Tangible assets

4

2,205

-

Investment property

5

695,000

420,000

697,205

420,000

Current assets

Cash at bank

1,228

15,742

Creditors

Amounts falling due within one year

6

391,650

325,121

Net current liabilities

(390,422

)

(309,379

)

Total assets less current liabilities

306,783

110,621

Creditors

Amounts falling due after more than one year

7

(110,727

)

-

Provisions for liabilities

(34,181

)

(16,132

)

Net assets

161,875

94,489

Capital and reserves

Called up share capital

1

1

Retained earnings

9

161,874

94,488

Shareholders' funds

161,875

94,489

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 September 2026 and were signed on its behalf by:

M J Howells - Director

1.	Statutory information

Dollcast Properties 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.

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 represents gross rental income received from tenants during the period, excluding Value Added Tax.

Tangible fixed assets

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

Plant and machinery etc

-

25% on cost

Investment property

Investment properties are initially measured at cost and subsequently measured at fair value at each reporting date. The fair value is determined annually by the company directors using their knowledge of the local property market, historical transactions, and current economic conditions. Gains and losses arising from changes in fair value are recognised in the profit and loss account. In accordance with FRS 102, no depreciation is charged on investment properties.

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. This includes deferred tax on fair value adjustments to investment properties, calculated using the tax rates expected to apply when the property is sold.

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.

3.	Employees and directors

The average number of employees during the year was 1 (2025 - 1 ) .

4.	Tangible fixed assets

Plant and

machinery

£

Cost

Additions

2,940

At 31 March 2026

2,940

Depreciation

Charge for year

735

At 31 March 2026

735

Net book value

At 31 March 2026

2,205

5.	Investment property

Total

£

Fair value

At 1 April 2025

420,000

Additions

180,009

Revaluations

94,991

At 31 March 2026

695,000

Net book value

At 31 March 2026

695,000

At 31 March 2025

420,000

The properties were valued at 31 March 2026 at fair value by the directors.

6.

Creditors: amounts falling due within one year

31.3.26

31.3.25

£

£

Trade creditors

10,160

-

Taxation and social security

-

1,964

Other creditors

381,490

323,157

391,650

325,121

7.

Creditors: amounts falling due after more than one year

31.3.26

31.3.25

£

£

Other creditors

110,727

-

8.	Secured debts

The following secured debts are included within creditors:

31.3.26

31.3.25

£

£

Mortgage - due within one year

2,300

-

Mortgage - due after more than five years

110,727

-

113,027

-

The mortgage is secured by a first fixed legal charge over one specific investment property held by the company, with a carrying value of £200,000. The total amount of secured creditors falling due after more than five years, which is repayable by monthly instalments, stands at £100,445.

9.

Reserves

Retained

earnings

£

At 1 April 2025

94,488

Profit for the year

67,386

At 31 March 2026

161,874

The Profit and Loss Reserve includes £145,717 (2025: £68,774) of cumulative unrealised fair value gains on investment properties, net of associated deferred tax. This portion of the reserve is non-distributable under the Companies Act 2006.

10.	Related party disclosures

As at 31st March 2026 Mr M J Howells, who is one of the directors of the company, was owed £378,290 by the company, This is shown in Other Creditors, within Creditors: amounts falling due within one year.

Mr M J Howells is the ultimate controlling party of the company by virtue of his 100% shareholding.