Dealmead Properties Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

1. General Information

Dealmead Properties Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08414132 . The registered office is The Barn, Holly Berry House, Rough Park, Hamstall Ridware, Staffordshire, WS15 3SQ. The princpal place of business is Beech Knoll, Burton Road, Midway, Swadlincote, Derbyshire, DE11 0DP.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements are presented in pounds sterling, rounded to the nearest pound.

2.2. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

2.3. Turnover

Turnover comprises the fair value of the consideration received or receivable from rental income and ancillary services in the ordinary course of the company's activities. The company recognises revenue when the amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Computer Equipment

equally over 5 years

2.5. Investment Properties

Investment properties are included in the statement of financial position at fair value having regard to any accumulated impairment losses. Changes in fair value are recognised in the profit and loss account.

2.6. Financial Instruments

Classification

The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilties such as trade and other debtors and creditors and loans from banks.

Recognition and measurement

With the exception of investment property financial assets and liabilities are initially measured at transaction price and subsequently measured at amortised cost. Investment property is initially measured at transaction price and subsequently at fair value.

Impairment

Financial assets that are measured at cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and Loss Account. For financial assets measured at cost less impairment, the impairment loss is measured as the difference between the asset's carrying amount and the best estimate, which is an approximation of the amount that the company would receive for the asset if it were to be sold at the balance sheet date.

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Dealmead Properties Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2026

2.7. Taxation

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date. The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

2.8. Share Capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

2.9. Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges. Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

2.10. Registrar Filing Requirements

The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2025: 2)

4. Tangible Assets

	Investment Properties
	£
Cost or Valuation
As at 1 March 2025	540,000
Revaluation	(54,000 )

As at 28 February 2026	486,000

Net Book Value
As at 28 February 2026	486,000

As at 1 March 2025	540,000

The fair value attributed to investment properties at the end of the financial year was made on an open market basis by the director, Mr T B Haywood. He has drawn on his long experience in the property market both as a property owner and builder in assessing the current state of the market in the locaility where the properties are owned. There has not been any valuation by an independent third party.

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Dealmead Properties Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2026

5. Debtors

	2026	2025
	£	£
Due within one year
Other debtors	3,197	3,895

Included within other debtors are prepaid expenses totalling £2,006 that will not be expensed for more than one year. (2025 - £2,909)

6. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	50	-
Bank loans and overdrafts	20,269	19,142
Other loans	13,250	16,250
Other creditors	3,230	3,550
Taxation and social security	5,470	5,196

	42,269	44,138

7. Creditors: Amounts Falling Due After More Than One Year

	2026	2025
	£	£
Bank loans	87,327	107,595
Other loans	171,000	171,000

	258,327	278,595

Of the creditors falling due after more than one year the following amounts are due after more than five years.

	2026	2025
	£	£
Bank loans	-	18,995
Other Creditors	166,750	171,000

8. Secured Creditors

The following amounts of creditors are secured on the investment property. Interest is charged at 5.77% per annum and the final instalment is due on 26 November 2030.

	2026		2025
	£		£
Bank loans and overdrafts	107,595		126,737

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Dealmead Properties Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2026

9. Deferred Taxation

The current fair value of the properties owned by the company are greater than the indexed linked values at 31 December 2017 resulting in a provision of £7,485 in respect of taxation deferred as a result.

	2026	2025
	£	£
Revaluation of investment properties	20,985	20,985
Other timing differences	(13,500)	-

	7,485	20,985

10. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	100	100

11. Financial Instruments

Financial assets (investment properties) measured at fair value through profit or loss are included in these financial statements at £540,000 (2025 - £540,000).

12. Reserves

	Fair value reserve	Profit and Loss Account
	£	£
As at 1 March 2025	91,665	113,538
Loss for the year and total comprehensive income	-	(18,861 )

Transfer to/from Fair value reserve	-	40,500
Transfer to/from Profit & Loss Account	(40,500 )	-

As at 28 February 2026	51,165	135,177

13. Related Party Transactions

The directors have charged, on a joint basis, interest on monies advanced to the company, the amount charged in these financial statements was £11,135 (2025 - £11,144)

£171,000 of the loan is not due to be repaid before 26 November 2030. Interest is chargeable at 5.77%, being the same rate as charged by the bank on the monies it has advanced.

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		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		486,000		540,000

			486,000		540,000
CURRENT ASSETS
Debtors	5	3,197		3,895
Cash at bank and in hand		5,326		5,126

		8,523		9,021
Creditors: Amounts Falling Due Within One Year	6	(42,269 )		(44,138 )

NET CURRENT ASSETS (LIABILITIES)			(33,746 )		(35,117 )

TOTAL ASSETS LESS CURRENT LIABILITIES			452,254		504,883

Creditors: Amounts Falling Due After More Than One Year	7		(258,327 )		(278,595 )

PROVISIONS FOR LIABILITIES
Deferred Taxation	9		(7,485 )		(20,985 )

NET ASSETS			186,442		205,303

CAPITAL AND RESERVES
Called up share capital	10		100		100
Fair value reserve	12		51,165		91,665
Profit and Loss Account			135,177		113,538

SHAREHOLDERS' FUNDS			186,442		205,303