REGISTERED NUMBER: 12486733 (England and Wales)

Drypool Limited

Unaudited Financial Statements for the Year Ended 31 December 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

T J Rix

Miss S J Rix

R M A Clarke

R E Wilde

H J Rix

M Fry

J Doyle

REGISTERED OFFICE:

2 Humber Quays

Wellington Street West

Hull

East Yorkshire

HU1 2BN

REGISTERED NUMBER:

12486733 (England and Wales)

ACCOUNTANTS:

Smailes Goldie

Chartered Accountants

Regent's Court

Princess Street

Hull

East Yorkshire

HU2 8BA

FIXED ASSETS

Tangible assets

4

249,107

258,562

Investment property

5

13,057,892

8,515,703

13,306,999

8,774,265

CURRENT ASSETS

Debtors

6

434,948

160,360

Cash at bank

60,667

101,356

495,615

261,716

CREDITORS

Amounts falling due within one year

7

5,185,831

3,711,946

NET CURRENT LIABILITIES

(4,690,216

)

(3,450,230

)

TOTAL ASSETS LESS CURRENT LIABILITIES

8,616,783

5,324,035

CREDITORS

Amounts falling due after more than one year

8

8,288,306

4,989,609

PROVISIONS FOR LIABILITIES

40,685

44,554

CAPITAL AND RESERVES

Called up share capital

10

10

10

Retained earnings

287,782

289,862

SHAREHOLDERS' FUNDS

287,792

289,872

8,616,783

5,324,035

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 20 July 2026 and were signed on its behalf by:

T J Rix - Director

R E Wilde - Director

1.	STATUTORY INFORMATION

Drypool 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

-

Straight line over 20 years and Straight line over 7 years

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.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2025

337,255

Additions

7,588

At 31 December 2025

344,843

DEPRECIATION

At 1 January 2025

78,693

Charge for year

17,043

At 31 December 2025

95,736

NET BOOK VALUE

At 31 December 2025

249,107

At 31 December 2024

258,562

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2025

8,515,703

Additions

4,542,189

At 31 December 2025

13,057,892

NET BOOK VALUE

At 31 December 2025

13,057,892

At 31 December 2024

8,515,703

Investment property were valued on an open market basis on 31st December 2025 by the directors.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

133,862

60,360

Other debtors

301,086

100,000

434,948

160,360

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

477,600

19,430

Taxation and social security

-

31,874

Other creditors

4,708,231

3,660,642

5,185,831

3,711,946

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other creditors

8,288,306

4,989,609

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Other creditors

7,393,324

5,723,664

Within other creditors are loans secured by first legal charges over the investment properties.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

8

A Ordinary

£1

8

8

1

B Ordinary

£1

1

1

1

C Ordinary

£1

1

1

10

10

On the 2nd March 2020 a special resolution was made whereby:

A and B shareholders are entitled to dividends, C shareholders are not entitled to dividends.

A and B shareholders are not entitled to vote at any general meeting but they are entitled to receive notice of any general meetings and can attend but not vote. In respect of a show of hands, C shareholders are entitled to one vote each of the shares they hold. In respect of a poll, each holder of C shares is entitled to one vote.