Company No: 10855649 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	878,792		884,583
Investments	4	1,000,000		1,000,000
		1,878,792		1,884,583
Current assets
Stocks		0		112,284
Debtors	5	71,975		15,202
Cash at bank and in hand		15,048		44,899
		87,023		172,385
Creditors: amounts falling due within one year	6	( 194,898)		( 281,972)
Net current liabilities		(107,875)		(109,587)
Total assets less current liabilities		1,770,917		1,774,996
Creditors: amounts falling due after more than one year	7	( 718,563)		( 746,575)
Provision for liabilities		( 1,099)		( 932)
Net assets		1,051,255		1,027,489
Capital and reserves
Called-up share capital	8	289,720		289,720
Fair value reserve		( 609,030 )		( 609,030 )
Profit and loss account		1,370,565		1,346,799
Total shareholders' funds		1,051,255		1,027,489

For the financial 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.

Director's 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 director acknowledges 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements of Darklake Limited (registered number: 10855649) were approved and authorised for issue by the Director on 30 September 2026. They were signed on its behalf by:

Mr L Harper 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

Darklake 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 28 Darklake View, Estover, Plymouth, PL6 7TL, 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 £.

Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption in section 399 of the Companies Act 2006 not to prepare consolidated accounts, because the group it heads qualifies as small. The financial statements present information about the Company as an individual entity only.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

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.

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 a straight-line basis over its expected useful life, as follows:

Land and buildings	50 years straight line
Plant and machinery etc.	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.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

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.

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

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.

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	0		0

3. Tangible assets

	Land and buildings		Plant and machinery etc.		Total
	£		£		£
Cost
At 01 January 2025	920,672		2,184		922,856
At 31 December 2025	920,672		2,184		922,856
Accumulated depreciation
At 01 January 2025	37,399		874		38,273
Charge for the financial year	5,354		437		5,791
At 31 December 2025	42,753		1,311		44,064
Net book value
At 31 December 2025	877,919		873		878,792
At 31 December 2024	883,273		1,310		884,583

4. Fixed asset investments

	Other investments		Total
	£		£
Cost or valuation before impairment
At 01 January 2025	1,000,000		1,000,000
At 31 December 2025	1,000,000		1,000,000
Carrying value at 31 December 2025	1,000,000		1,000,000
Carrying value at 31 December 2024	1,000,000		1,000,000

5. Debtors

	2025		2024
	£		£
Trade debtors	12,000		8,000
Amounts owed by Group undertakings	53,059		0
Other debtors	6,916		7,202
	71,975		15,202

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans	27,600		27,188
Trade creditors	1,080		0
Amounts owed to Group undertakings	0		118,381
Taxation and social security	9,114		4,299
Other creditors	157,104		132,104
	194,898		281,972

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

	2025		2024
	£		£
Bank loans	225,183		253,195
Other creditors	493,380		493,380
	718,563		746,575

There are no amounts included above in respect of which any security has been given by the small entity.

Amounts repayable after more than 5 years are included in creditors falling due over one year:

	2025		2024
	£		£
Bank loans	93,183		144,443

8. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
75 Ordinary A shares of £ 1.00 each	75		75
10 Ordinary B shares of £ 1.00 each	10		10
10 Ordinary C shares of £ 1.00 each	10		10
5 Ordinary D shares of £ 1.00 each	5		5
	100		100
289,620 Preference non-redeemable shares of £ 1.00 each	289,620		289,620
	289,720		289,720