REGISTERED NUMBER: 13244025 (England and Wales)

Financial Statements

for the Year Ended 31 March 2026

for

DEAN PROPERTY (NORTH EAST) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Directors:

J C P Beever

M E O'Donnell

Registered office:

Springfield House

Water Lane

Wilmslow

Cheshire

SK9 5BG

Registered number:

13244025 (England and Wales)

Auditors:

S&W Audit

Pall Mall

1 Pollen Square

59 King Street

Manchester

M2 4PD

Fixed assets

Investment property

5

-

7,000,000

Current assets

Stocks

7,500,000

-

Debtors

6

-

26,315

Cash at bank

226,844

113,578

7,726,844

139,893

Creditors

Amounts falling due within one year

7

2,965,639

2,763,247

Net current assets/(liabilities)

4,761,205

(2,623,354

)

Total assets less current liabilities

4,761,205

4,376,646

Creditors

Amounts falling due after more than one year

8

-

(190,443

)

Provisions for liabilities

(1,165,000

)

(1,040,000

)

Net assets

3,596,205

3,146,203

Capital and reserves

Called up share capital

10

100

100

Revaluation reserve

11

3,494,078

3,119,078

Retained earnings

102,027

27,025

Shareholders' funds

3,596,205

3,146,203

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 October 2026 and were signed on its behalf by:

M E O'Donnell - Director

1.	Statutory information

Dean Property (North East) 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.	Statement of compliance

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.

3.	Accounting policies

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

The financial statements have not been prepared on a going concern basis. In September 2026, the company transferred its properties to another group company and so has now ceased trading. There have been no changes in the measurement of balances as a result of the changes to the basis of preparation. Certain assets previously classified as fixed assets were transferred to current assets to reflect the changes in their intended use.

Significant judgements and estimates

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future event that are believed to be reasonable under the circumstances.

There are not considered to be any critical judgements in applying the company's accounting policies.

The company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results.

a) Property valuation

The fair value assessment of the investment properties is deemed to be the only significant accounting estimate which has a risk of causing a material adjustment within the next financial year. The properties were valued on an open market basis by the directors at the year end. The directors consider the market data available, the condition of the properties and rental yields when assessing the fair value of the properties. As the financial statements have not been prepared on a going concern basis the investment properties were transferred to stock at the year end date.

Turnover

Turnover represents rents receivable and related fees for the period, net of value added tax.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in market value is charged or credited to the profit and loss account as other operating income.

Although this accounting policy is in accordance with FRS 102 Section 1A it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.

As the financial statements have not been prepared on a going concern basis the investment properties were transferred to stock at the year end date.

Stocks

Stocks are valued at the lower of deemed cost and net realisable value, after making due allowances for obsolete and slow moving items.

Financial instruments

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

(i) Financial assets

Basic financial assets, including trade and other debtors and cash and bank balances, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest method.

There are no assets which are initially measured at fair value.

(ii) Financial liabilities

Basic financial liabilities, including trade and other creditors, bank loans, loans from fellow group companies that are classified as debt, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

4.	Employees and directors

The average number of employees during the year was NIL (2025 - NIL).

5.	Investment property

Total

£

Fair value

At 1 April 2025

7,000,000

Revaluations

500,000

Reclassification/transfer

(7,500,000

)

At 31 March 2026

-

Net book value

At 31 March 2026

-

At 31 March 2025

7,000,000

Fair value at 31 March 2026 is represented by:

£

6.

Debtors: amounts falling due within one year

2026

2025

£

£

Trade debtors

-

25,930

Other debtors

-

385

-

26,315

7.

Creditors: amounts falling due within one year

2026

2025

£

£

Bank loans and overdrafts

-

65,955

Trade creditors

18,899

59,331

Amounts owed to group undertakings

2,918,359

2,605,058

Corporation tax

24,881

26,538

Accrued expenses

3,500

6,365

2,965,639

2,763,247

8.

Creditors: amounts falling due after more than one year

2026

2025

£

£

Bank loans - 1-2 years

-

58,812

Bank loans - 2-5 years

-

108,957

Trade creditors

-

22,674

-

190,443

9.	Secured debts

The following secured debts are included within creditors:

2026

2025

£

£

Bank loans

-

233,724

The bank loan was secured by a first legal charge over the property to which the loan related.

10.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

100

Ordinary

£1

100

100

11.

Reserves

Revaluation

reserve

£

At 1 April 2025

3,119,078

Fair Value Adjustment

375,000

At 31 March 2026

3,494,078

The revaluation reserve relates to a property which has been transferred from fixed assets to current assets, as disclosed in Note 3. As the property has not been disposed of, the associated revaluation reserve remains within the revaluation reserve and is not considered distributable.

12.	Disclosure under Section 444(5B) of the Companies Act 2006

13.	Related party disclosures

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'Section 1A'. 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

14.	Post balance sheet events

In September 2026, the company transferred its properties to another group company and has now ceased trading.

15.	Ultimate controlling party

The company is a wholly owned subsidiary of Dean Property Group Limited, which is controlled by M E O'Donnell.

The smallest and largest group in which the results of the company are consolidated is that headed by Dean Property Group Limited, incorporated in England. Copies of Dean Property Group Limited's financial statements are available from its registered office at Springfield House, Water Lane, Wilmslow, Cheshire SK9 5BG.