Company No: 10002900 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2026		2025
		£		£
Fixed assets
Tangible assets	4	35,005		41,526
Investment property	5	5,226,495		4,843,453
		5,261,500		4,884,979
Current assets
Debtors	6	12,738		17,930
Cash at bank and in hand		11,312		5,736
		24,050		23,666
Creditors: amounts falling due within one year	7	( 2,292,150)		( 746,575)
Net current liabilities		(2,268,100)		(722,909)
Total assets less current liabilities		2,993,400		4,162,070
Creditors: amounts falling due after more than one year	8	( 694,544)		( 1,956,582)
Provision for liabilities		( 225,000)		( 216,860)
Net assets		2,073,856		1,988,628
Capital and reserves
Called-up share capital	9	20		20
Share premium account		1,234,992		1,234,992
Profit and loss account		838,844		753,616
Total shareholders' funds		2,073,856		1,988,628

For the financial year ending 31 January 2026 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Diligent Property Services Limited (registered number: 10002900) were approved and authorised for issue by the Board of Directors on 07 July 2026. They were signed on its behalf by:

Mr K Balasubramaniam Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Diligent Property Services Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Quoits Field, Duddlestone, Taunton, TA3 7BD, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Prior year adjustment

The accounts for the year ended 31 January 2025 have been restated to show the investment properties held by the company. Prior to this year, they were included within Tangible Assets.

Turnover

Turnover represents rental income receivable which is recognised in the rental period.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
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 financial statements. 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 tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill

5 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on the basis over its expected useful life, as follows:

Fixtures and fittings

5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

2. Employees

	2026		2025
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	2		2

3. Intangible assets

	Goodwill		Total
	£		£
Cost
At 01 February 2025	5		5
At 31 January 2026	5		5
Accumulated amortisation
At 01 February 2025	5		5
At 31 January 2026	5		5
Net book value
At 31 January 2026	0		0
At 31 January 2025	0		0

4. Tangible assets

	Fixtures and fittings		Total
	£		£
Cost
At 01 February 2025	46,057		46,057
Additions	3,305		3,305
At 31 January 2026	49,362		49,362
Accumulated depreciation
At 01 February 2025	4,531		4,531
Charge for the financial year	9,826		9,826
At 31 January 2026	14,357		14,357
Net book value
At 31 January 2026	35,005		35,005
At 31 January 2025	41,526		41,526

5. Investment property

	Investment property
	£
Valuation
As at 01 February 2025	4,843,453
Additions	288,448
Fair value movement	97,449
As at 31 January 2026	5,226,495

Valuation

A full market valuation of the investment properties was completed by the Directors at the Balance Sheet date.

Historic cost

If the investment properties had been accounted for under the cost accounting rules, the properties would have been measured as follows:

	2026		2025
	£		£
Historic cost	3,745,288		3,478,034

6. Debtors

	2026		2025
	£		£
Prepayments	1,511		2,298
Corporation tax	0		5,929
Other debtors	11,227		9,703
	12,738		17,930

7. Creditors: amounts falling due within one year

	2026		2025
	£		£
Bank loans	1,453,460		13,711
Amounts owed to directors	16,249		25,224
Accruals and deferred income	17,243		14,791
Taxation and social security	0		6,364
Other creditors	805,198		686,485
	2,292,150		746,575

8. Creditors: amounts falling due after more than one year

	2026		2025
	£		£
Bank loans (secured)	694,544		1,956,582

Included within bank loans at the year end is £2,148,004 (2025: £1,970,293) on which the investment properties have been pledged as security.

9. Called-up share capital

	2026		2025
	£		£
Allotted, called-up and fully-paid
200 Ordinary shares of £ 0.10 each	20		20

10. Related party transactions

Transactions with entities in which the entity itself has a participating interest

	2026		2025
	£		£
Diligent Imaging & Intervention Ltd	790,320		671,147

During the year a loan existed between Diligent Property Services Limited and Diligent Imaging & Intervention Limited, of which both Mr and Mrs Balasubramaniam are shareholders. The loan is interest free and repayable on demand. The balance due to Diligent Imaging & Intervention Limited as at 31 January 2026 is £790,320 (2025: £671,147).

11. Reserves

	2026		2025
	£		£
Unrealised gain	1,007,501		910,052
Less: Deferred tax	(220,371)		(216,860)
	787,130		693,192

Included within the company's profit and loss account are non distributable reserves which comprise of unrealised gains and losses on investments held at fair value, together with any deferred tax provided on these unrealised amounts.