Dashrent Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 3858425

Dashrent Ltd

Filleted Unaudited Financial Statements

31 March 2026

Dashrent Ltd

Statement of Financial Position

31 March 2026

	2026		2025
Note	£	£	£

Fixed assets

Tangible assets	5		33,780,289	25,586,812

Current assets

Debtors	6	643,204	609,123
Cash at bank and in hand		990,409	103,476
		---------------	-----------
		1,633,613	712,599

Creditors: amounts falling due within one year	7	( 3,521,873)		( 15,695,638)
		---------------		---------------
Net current liabilities			( 1,888,260)	( 14,983,039)
			---------------	---------------
Total assets less current liabilities			31,892,029	10,603,773

Creditors: amounts falling due after more than one year	8		( 17,693,172)	( 4,884,853)

Provisions

Taxation including deferred tax	( 1,628,449)	426,957
	---------------	---------------
Net assets	12,570,408	6,145,877
	---------------	---------------

Dashrent Ltd

Statement of Financial Position (continued)

31 March 2026

	2026		2025
Note	£	£	£

Capital and reserves

Called up share capital	9	26	26
Profit and loss account		12,570,382	6,145,851
		---------------	---------------
Shareholders funds		12,570,408	6,145,877
		---------------	---------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31st March 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 year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 16 September 2026 , and are signed on behalf of the board by:

Mr Sarabjit Singh Sohal

Director

Company registration number: 3858425

Dashrent Ltd

Notes to the Financial Statements

Year Ended 31st March 2026

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Direct 2 Industrial Park, Roway Lane, Oldbury, West Midlands, B69 3ES, United Kingdom.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

Dashrent Ltd is a company limited by shares incorporated in England within the United Kingdom. The registered office address is given in the company information on page 1 of these financial statements. The principal activity of the company during the year is that of letting out commercial property. The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements are prepared in UK sterling, which is the functional currency of the entity. The significant accounting policies applied in the presentation of the financial statements are set out below. These policies have been applied consistently to all years presented unless otherwise stated.

Disclosure exemptions

(a) No cash flow statement has been presented for the company. (b) Disclosures in respect of financial instruments have not been presented.

Revenue recognition

The turnover shown in the profit and loss account represents amounts derived from rental income and is recognised on a receivable basis. The turnover is stated after deduction of trade discounts and net of Value Added Tax (on properties which are option to tax).

Income tax

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

Investment property

Investment property are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any investment property carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Fixtures and fittings	-	10% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. Provision is made for any impairment

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2025: 2 ).

5. Tangible assets

	Investment freehold property	Investment long leasehold property	Fixtures and fittings	Total
	£	£	£	£
Cost or valuation
At 1st April 2025	24,026,044	1,467,400	195,175	25,688,619
Revaluations	8,670,214	( 467,400)	–	8,202,814
	---------------	---------------	-----------	---------------
At 31st March 2026	32,696,258	1,000,000	195,175	33,891,433
	---------------	---------------	-----------	---------------
Depreciation
At 1st April 2025	–	–	101,807	101,807
Charge for the year	–	–	9,337	9,337
	---------------	---------------	-----------	---------------
At 31st March 2026	–	–	111,144	111,144
	---------------	---------------	-----------	---------------
Carrying amount
At 31st March 2026	32,696,258	1,000,000	84,031	33,780,289
	---------------	---------------	-----------	---------------
At 31st March 2025	24,026,044	1,467,400	93,368	25,586,812
	---------------	---------------	-----------	---------------

Investment freehold property: Property 1, which had a historic cost of £3,579,237, was revalued in February 2026 to £7,045,000 by Charlie Roberton MRICS and Dave Findlay MRICS of Jones Lang LaSalle Limited. Property 2, which had a historic cost of £670,602, was revalued in February 2026 to £775,000 by Fergus Spencer MRICS and Oliver Ward MRICS of Jones Lang LaSalle Limited. Property 4, which had a historic cost of £5,506,000, was revalued in February 2026 to £11,250,000 by Sam Smith MRICS and David Findlay MRICS of Jones Lang LaSalle Limited. Property 5, which had a historic cost of £1,510,755 was revalued in February 2026 to £1,640,000 by Sarah Owen MRICS and David Findlay MRICS of Jones Lang LaSalle Limited. Property 6, which had a historic cost of £4,731,041 was revalued in February 2026 to £4,600,000 by Tara Whittle MRICS and Andrew Crosbie MRICS of Jones Lang LaSalle Ltd. Property 7, which had a historic cost of £6,698,264 was revalued in February 2026 to £6,265,000 by Laurie O'Hanlon MRICS and Stuart Munro MRICS of Jones Lang LaSalle Ltd. Property 8, which was acquired during 2022 at cost of £1,679,786 was revalued in February 2026 to £1,225,000 by Sarah Owen MRICS and David Findlay MRICS. Investment long leasehold property: Property 3, which had a historic cost of £1,666,148, was revalued in February 2026 to £1,000,000 by Hattie Matthews MRICS and Stuart Smith MRICS of Jones Lang LaSelle Limited. Should these properties be sold at their estimated market value, no corporation tax will be due after indexation and capital losses. The company is carrying capital losses of £488,643 which will be utilised against any capital gains first. The directors have no present intention to dispose of these properties in the foreseeable future. Revaluation: In accordance with FRS 102 Investment properties paragraph 16.7, the change in the fair value of the freehold and leasehold properties has been recorded in the profit and loss statement.

6. Debtors

	2026	2025
	£	£
Trade debtors	298,799	354,043
Prepayments	20,410	28,816
Other debtors	323,995	226,264
	-----------	-----------
	643,204	609,123
	-----------	-----------

7. Creditors: amounts falling due within one year

	2026	2025
	£	£
Bank loans and overdrafts	306,828	1,000,000
Trade creditors	405	301
Social security and other taxes	109,893	68,700
Director's loan account	40,186	441,938
Accruals	113,476	5,250
Other creditors	2,430,629	13,726,645
Other creditors	520,456	452,804
	---------------	---------------
	3,521,873	15,695,638
	---------------	---------------

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

	2026	2025
	£	£
Bank loans and overdrafts	17,693,172	4,884,853
	---------------	---------------

9. Called up share capital

Authorised share capital

	2026		2025
	No.	£	No.	£
Ordinary shares of £ 1 each	100,000	100,000	100,000	100,000
	-----------	-----------	-----------	-----------

Issued, called up and fully paid

	2026		2025
	No.	£	No.	£
Ordinary shares of £ 1 each	26	26	26	26
	-----	-----	-----	-----

10. Directors' advances, credits and guarantees

The directors loan account was not overdrawn during the current year.

11. Related party transactions

Controlling Party The company is owned equally by the directors throughout the current year and they were the key management personnel. Related Party Transactions The balance due to related companies with the same directors at the end of the current year was £2,055,054 (2025 - £13,671,145) and is included in other creditors.

12. Profit & loss

The profit & loss reserves figure includes a valuation gain of £7,942,751 (2025 - loss of £260,063) from property revaluations.