DSG PROPERTY MANAGEMENT LTD

	Page
Balance Sheet	1—2
Statement of Changes in Equity	3
Notes to the Financial Statements	4—7

	Share Capital	Non-distributable property reserve	Profit and Loss Account	Total
	£	£	£	£
As at 1 October 2024	100	8,007,207	1,053,972	9,061,279
Profit for the year and total comprehensive income	-	-	1,964,584	1,964,584

Transfer to/from Other Reserves	-	-	(1,766,867)	(1,766,867)
Transfer to/from Profit & Loss Account	-	1,766,867	-	1,766,867

As at 30 September 2025 and 1 October 2025	100	9,774,074	1,251,689	11,025,863


Profit for the year and total comprehensive income	-	-	2,422,217	2,422,217

Transfer to/from Other Reserves	-	-	(2,022,292)	(2,022,292)
Transfer to/from Profit & Loss Account	-	2,022,293	-	2,022,293

As at 30 September 2026	100	11,796,367	1,651,614	13,448,081

1. General Information

DSG PROPERTY MANAGEMENT LTD is a private company, limited by shares, incorporated in England & Wales, registered number 08209525 . The registered office is 146 Northdown Road, Cliftonville, Margate, Kent, CT9 2QN.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention, modified by the measurement of investment properties at fair value, and in accordance with FRS 102, including Section 1A Small Entities, and the Companies Act 2006.

The financial statements present information about the company as an individual undertaking. The company is exempt from preparing consolidated financial statements under section 399(2A) of the Companies Act 2006, as it is subject to the small companies regime and the group meets the conditions for exemption.

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 rental income and proceeds from the sale of properties held for resale.

Rental income

Rental income from investment properties is recognised on a straight-line basis over the rental period to which it relates.

Property sales

Revenue from the sale of properties held as stock is recognised when the significant risks and rewards of ownership have transferred to the purchaser, normally on legal completion, provided that the revenue and associated costs can be measured reliably and receipt of the consideration is probable.

2.4. Investment Properties

All investment properties are measured at fair value, as determined annually by the directors based on current market rents and yields for comparable properties, adjusted as necessary for differences in location, condition, or other relevant factors. No depreciation is charged on investment properties.

Changes in fair value are recognised in the profit and loss account in accordance with Section 16 of FRS 102. The cumulative revaluation surplus is transferred to a separate non-distributable property reserve, which is ring-fenced and not available for distribution.

Deferred Taxation

Deferred taxation is recognised at each valuation date in accordance with Section 29 of FRS 102. The measurement of deferred tax liabilities and assets reflects the tax consequences that would follow from the manner in which the company expects to recover or settle the carrying amount of its assets and liabilities at the end of the reporting period.

2.5. Stocks and Work in Progress

Stocks comprise properties held for resale and are valued at the lower of cost and net realisable value. Cost includes acquisition costs, refurbishment expenditure and other directly attributable costs incurred in bringing each property to its condition at the reporting date. Net realisable value is the estimated selling price less estimated costs of completion and sale.

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. This is generally for accelerated capital allowances.

Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

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DSG PROPERTY MANAGEMENT LTD

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2026

2.7. Bank loans and finance costs

Bank loans are presented at the contractual amount outstanding less unamortised arrangement fees. Interest is charged to the profit and loss account over the period to which it relates.

Loan arrangement fees, including fees added to the loan balance, are initially deferred and charged to the profit and loss account on a straight-line basis over the term of the related borrowing.

2.8. Investments in subsidiaries

Investments in subsidiary undertakings are measured at cost less any accumulated impairment losses.

2.9. 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

The Company had no employees during the financial year.

NIL (2025: NIL)

4. Tangible Assets

	Investment Properties
	£
Cost or Valuation
As at 1 October 2025	32,324,115
Additions	4,522,806
Revaluation	2,696,391

As at 30 September 2026	39,543,312

Net Book Value
As at 30 September 2026	39,543,312

As at 1 October 2025	32,324,115

5. Investments

	Unlisted
	£
Cost or Valuation
As at 1 October 2025	10,050

As at 30 September 2026	10,050

Provision
As at 1 October 2025	-

As at 30 September 2026	-

Net Book Value
As at 30 September 2026	10,050

As at 1 October 2025	10,050

The company holds 100% of the issued share capital of 9 HIGH STREET HERNE BAY LIMITED, a wholly owned subsidiary incorporated in England and Wales, company number 07362964. Its registered office is 146 Northdown Road, Cliftonville, Margate, Kent, CT9 2QN. The subsidiary’s principal activity is the ownership of a freehold property.

The investment is measured at cost less accumulated impairment losses and had a carrying amount of £10,050 at 30 September 2026 (2025: £10,050).

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DSG PROPERTY MANAGEMENT LTD

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2026

6. Stocks

	2026	2025
	£	£
Stock	165,171	-

7. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	4,157	8,832
Other debtors	397,867	806,379

	402,024	815,211
Due after more than one year
Amounts owed by participating interests	-	56,858
Other debtors	535,379	115,012

	535,379	171,870

	937,403	987,081

8. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	126,023	76,720
Bank loans and overdrafts	355,014	422,287
Other creditors	4,373	173,493
Taxation and social security	133,322	80,304

	618,732	752,804

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

	2026	2025
	£	£
Bank loans	20,719,571	17,015,283
Amounts owed to participating interests	1,451,550	816,550
Other creditors	960,212	758,961

	23,131,333	18,590,794

10. Secured Creditors

Of the creditors the following amounts are secured.

Bank borrowings of £21,074,585 at 30 September 2026, comprising £355,014 repayable within one year and £20,719,571 repayable after more than one year, are secured by legal charges over the company’s investment properties.

	2026		2025
	£		£
Bank loans and overdrafts	21,074,585		17,437,570

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DSG PROPERTY MANAGEMENT LTD

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2026

11. Deferred Taxation

The provision for deferred taxation is made up from fair value valuation surplus measurements.

Deferred taxation is recognised at each valuation period based on measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

	2026	2025
	£	£
Other timing differences	3,909,354	3,235,256

12. Share Capital

	2026	2025
Allotted, called up and fully paid	£	£
100 Ordinary Shares of £ 1 each	100	100

13. Reserves

	Non-distributable property reserve	Profit and Loss Account
	£	£
As at 1 October 2025	9,774,074	1,251,689
Profit for the year and total comprehensive income	-	2,422,217

Transfer to/from Other Reserves	-	(2,022,292)
Transfer to/from Profit & Loss Account	2,022,293	-

As at 30 September 2026	11,796,367	1,651,614

The non-distributable reserves relate to the surplus arising on the revaluation of investment properties in accordance with Section 16 of FRS 102. These revaluation gains are not realised profits and, as such, are not available for distribution. The reserves are ring-fenced and held separately from distributable profits.

14. Related Party Transactions

At 30 September 2026, amounts owed to the company by companies in which the director, Mr Dayne Stephen Gooding, is also a shareholder and director totalled £485,379 (2025: £547,274). Amounts owed by the company to such companies totalled £2,022,574 (2025: £1,187,550).

The company also owed Mr Dayne Stephen Gooding £289,188 at the year end (2025: £327,961).

These balances are unsecured, interest-free and repayable after more than one year.

15. Ultimate Controlling Party

The company's ultimate controlling party is Dayne Stephen Gooding by virtue of his ownership of 100% of the issued share capital in the company.

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		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		39,543,312		32,324,115
Investments	5		10,050		10,050

			39,553,362		32,334,165
CURRENT ASSETS
Stocks	6	165,171		-
Debtors	7	937,403		987,081
Cash at bank and in hand		451,564		283,471

		1,554,138		1,270,552
Creditors: Amounts Falling Due Within One Year	8	(618,732 )		(752,804 )

NET CURRENT ASSETS (LIABILITIES)			935,406		517,748

TOTAL ASSETS LESS CURRENT LIABILITIES			40,488,768		32,851,913

Creditors: Amounts Falling Due After More Than One Year	9		(23,131,333 )		(18,590,794 )

PROVISIONS FOR LIABILITIES
Deferred Taxation	11		(3,909,354 )		(3,235,256 )

NET ASSETS			13,448,081		11,025,863

CAPITAL AND RESERVES
Called up share capital	12		100		100
Non-distributable property reserve	13		11,796,367		9,774,074
Profit and Loss Account			1,651,614		1,251,689

SHAREHOLDERS' FUNDS			13,448,081		11,025,863