Company Registration No. 15332720 (England and Wales)
Direct Properties (2024) Limited
Unaudited accounts
for the year ended 31 December 2025
Direct Properties (2024) Limited
Unaudited accounts
Contents
Direct Properties (2024) Limited
Company Information
for the year ended 31 December 2025
Directors
Michael Crow
Deborah Crow
Company Number
15332720 (England and Wales)
Registered Office
136 Dixon Street
Lincoln
Lincolnshire
LN6 7TU
United Kingdom
Accountants
Templar Accounting & Business Support Services Limited
(Incorporating Blake and Co)
112-113 High Street
Lincoln
Lincolnshire
LN5 7PY
Direct Properties (2024) Limited
Statement of financial position
as at 31 December 2025
Investment property
900,000
900,000
Cash at bank and in hand
145,938
80,583
Creditors: amounts falling due within one year
(58,015)
(33,404)
Net current assets
87,923
50,608
Total assets less current liabilities
987,923
950,608
Creditors: amounts falling due after more than one year
-
(4,295)
Provisions for liabilities
Deferred tax
(17,406)
(9,500)
Net assets
970,517
936,813
Called up share capital
1,000
1,000
Revaluation reserve
50,000
50,000
Capital contribution reserve
900,000
900,000
Profit and loss account
19,517
(14,187)
Shareholders' funds
970,517
936,813
For the year ending 31 December 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 27 August 2026 and were signed on its behalf by
Michael Crow
Director
Company Registration No. 15332720
Direct Properties (2024) Limited
Notes to the Accounts
for the year ended 31 December 2025
Direct Properties (2024) Limited is a private company, limited by shares, registered in England and Wales, registration number 15332720. The registered office is 136 Dixon Street, Lincoln, Lincolnshire, LN6 7TU, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
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 accounts. 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.
Fair value at 1 January 2025
900,000
At 31 December 2025
900,000
134 Dixon Street, Lincoln, Lincolnshire, UK
Market Value: $500,000 (£50,000 revaluation on cost included)
136 Dixon Street, Lincoln, Lincolnshire, UK
Market Value: £400,000
Both buildings have been inspected and valuations prepared by a professional surveyor with qualifications of MRICS
membership number 1124690
The report is produced in accordance with the RICS Red Book - Global Standards incorporating the International Valuation Standards (IVS)
Direct Properties (2024) Limited
Notes to the Accounts
for the year ended 31 December 2025
Amounts falling due within one year
Accrued income and prepayments
-
3,429
6
Creditors: amounts falling due within one year
2025
2024
Loans from directors
36,990
17,870
Deferred income
10,805
14,234
7
Creditors: amounts falling due after more than one year
2025
2024
8
Deferred taxation
2025
2024
Accelerated capital allowances
17,406
(40,500)
Revaluation of investment property
-
50,000
Provision at start of year
9,500
-
Charged to the profit and loss account
7,906
-
Charged to other comprehensive income
-
9,500
Provision at end of year
17,406
9,500
A deferred taxation reserve of some £9,500 in relation to the property revaluation, with a further reserve created in this period of some £7,906 due to building allowance claimed.
Total deferred taxation reserve of £17,406
This reserve will reverse in future periods creating a tax liability at the prevailing rate on the day.
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000
1,000
10
Capital contribution reserve
A capital contribution of £900,000 invested by the directors/shareholders to accommodate the purchase of the buildings.
This contribution will be repaid over a periodof time as positive cashflow permits.
Direct Properties (2024) Limited
Notes to the Accounts
for the year ended 31 December 2025
11
Average number of employees
During the year the average number of employees was 2 (2024: 2).