REGISTERED NUMBER: 04912184 (England and Wales)

1 Dock Street Limited

Financial Statements

for the Year Ended 31 December 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr J Morgan

Mr N W Lenton

SECRETARY:

Mrs R J Morgan

REGISTERED OFFICE:

The Studio

32 The Calls

Leeds

West Yorkshire

LS2 7EW

REGISTERED NUMBER:

04912184 (England and Wales)

ACCOUNTANTS:

SMH Jolliffe Cork Ltd

Accountants & Business Advisors

33 George Street

Wakefield

West Yorkshire

WF1 1LX

BANKERS:

Handelsbanken

5th Floor, 3 The Embankment

Sovereign Street

Leeds

West Yorkshire

LS1 4BJ

FIXED ASSETS

Investment property

4

1,200,000

1,200,000

CURRENT ASSETS

Debtors

5

32,546

2,669

Cash at bank

30,232

17,840

62,778

20,509

CREDITORS

Amounts falling due within one year

6

55,524

81,417

NET CURRENT ASSETS/(LIABILITIES)

7,254

(60,908

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,207,254

1,139,092

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

9

1,207,154

1,138,992

SHAREHOLDERS' FUNDS

1,207,254

1,139,092

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 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 18 September 2026 and were signed on its behalf by:

Mr J Morgan - Director

Mr N W Lenton - Director

1.	STATUTORY INFORMATION

1 Dock Street 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.

Turnover solely comprises rents receivable which is recognised on an accruals basis.

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.

Financial instruments

The company has chosen to adopt Sections 11 and 12 of FRS 102 in respect of financial instruments.

All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

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.

Financial assets are derecognised when and only when; a) the contractual rights to the cash flows from the financial asset expire or are settled, b) the company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or, c) the company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Financial liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled or expires.

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.

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.

Operating lease agreements

Where the company retains substantially all the risks and rewards of ownership of the asset subject to the lease, as lessor, the asset is shown within fixed assets. Rental income from these operating leases is recognised on a straight line basis over the period of the lease. Operating lease incentives offered by the company are accounted for as a reduction of the rental income and are allocated over the shorter of the lease term and the period to the first rent review where market rentals will be receivable.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2025

and 31 December 2025

1,200,000

NET BOOK VALUE

At 31 December 2025

1,200,000

At 31 December 2024

1,200,000

Fair value at 31 December 2025 is represented by:

£

Valuation in 2012

(216,076

)

Valuation in 2013

150,000

Valuation in 2017

75,000

Valuation in 2018

15,000

Valuation in 2019

185,000

Valuation in 2024

100,000

Cost

891,076

1,200,000

The Investment property was valued by the directors as at 31 December 2025, based on their expertise in the property market, knowledge of the local area and guidance by an independent chartered surveyor. The property is stated at Market Value on an existing use basis.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

30,000

-

Prepayments and accrued income

2,546

2,669

32,546

2,669

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

-

273

Tax

19,547

17,244

VAT

9,707

8,694

Directors' current accounts

-

29,335

Accruals and deferred income

26,270

25,871

55,524

81,417

7.	LEASING AGREEMENTS

Company as lessor

The company is party to an Underlease dated 17 October 2019 in respect of its investment property. The contractual term is ten years with a review date and break clause at the fifth anniversary of the lease.

At 31 December 2025, the minimum rental income receivable under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

100,000

100,000

Between one and five years

279,178

379,178

379,178

479,178

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

9.

RESERVES

Included within retained earnings at 31 December 2025 is an amount of £308,924 (2024; £308,924) which is non-distributable. This relates to an accumulated increase in the fair value of investment property.

10.	RELATED PARTY DISCLOSURES