REGISTERED NUMBER: 03533425 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

FOR

DUDRICH (HOLDINGS) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs J C Ancell

R I Dudding

Ms H Dudding

SECRETARY:

Mrs J C Ancell

REGISTERED OFFICE:

Lonsto House

276 Chase Road

London

N14 6HA

REGISTERED NUMBER:

03533425 (England and Wales)

ACCOUNTANTS:

SRG Newmans Limited

Five Ways

57-59 Hatfield Road

Potters Bar

Hertfordshire

EN6 1HS

FIXED ASSETS

Tangible assets

4

157,205

161,662

Investments

5

21,602

21,602

Investment property

6

49,590,893

48,865,290

49,769,700

49,048,554

CURRENT ASSETS

Stocks

60,962

75,293

Debtors

7

23,229,039

22,801,987

Cash at bank and in hand

6,935,986

6,553,935

30,225,987

29,431,215

CREDITORS

Amounts falling due within one year

8

34,653,123

35,383,420

NET CURRENT LIABILITIES

(4,427,136

)

(5,952,205

)

TOTAL ASSETS LESS CURRENT LIABILITIES

45,342,564

43,096,349

CREDITORS

Amounts falling due after more than one year

9

(5,748,000

)

(6,271,000

)

PROVISIONS FOR LIABILITIES

(2,848,161

)

(2,821,188

)

NET ASSETS

36,746,403

34,004,161

CAPITAL AND RESERVES

Called up share capital

3,413,791

3,413,791

Retained earnings

33,332,612

30,590,370

SHAREHOLDERS' FUNDS

36,746,403

34,004,161

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 27 October 2026 and were signed on its behalf by:

R I Dudding - Director

1.	STATUTORY INFORMATION

Dudrich (Holdings) 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 preparation

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 as modified by the revaluation of certain assets.

Turnover

Turnover represents rents receivable and management fees from external customers at invoiced amounts less value added tax. Rental income and management fees are both recognised in the period to which they relate.

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

-

25% on reducing balance and 25% on cost

Investment property

Investment property is included at fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Stocks

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

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.

Financial instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in the income statement. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in the income statement.

Going concern

The Directors constantly review the cash flow projections for the company and have considered the financial resources of the company, having regard to the renewal date of loan facilities and additional resources available to related undertakings to support the related party indebtedness.

The directors are satisfied that the company has adequate resources to continue operations for the foreseeable future, and therefore continue to adopt the going concern basis in preparing the financial statements.

Consolidation

In the opinion of the directors, the company and its subsidiary undertakings comprise of a small group. The company has therefore taken advantage of the exemption provided by section 398 of the Companies Act 2006 not to prepare group accounts.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2025 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2025

669,956

Additions

53,314

Disposals

(59,951

)

At 31 March 2026

663,319

DEPRECIATION

At 1 April 2025

508,294

Charge for year

52,660

Eliminated on disposal

(54,840

)

At 31 March 2026

506,114

NET BOOK VALUE

At 31 March 2026

157,205

At 31 March 2025

161,662

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 April 2025

and 31 March 2026

21,602

NET BOOK VALUE

At 31 March 2026

21,602

At 31 March 2025

21,602

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2025

48,865,290

Additions

824,331

Disposals

(128,728

)

Revaluations

30,000

At 31 March 2026

49,590,893

NET BOOK VALUE

At 31 March 2026

49,590,893

At 31 March 2025

48,865,290

Fair value at 31 March 2026 is represented by:

£

Valuation in 2010

3,339,100

Valuation in 2011

206,391

Valuation in 2017

5,111,742

Valuation in 2018

5,109,431

Valuation in 2020

3,351,108

Valuation in 2025

1,989,693

Valuation in 2026

30,000

Cost

30,453,428

49,590,893

The 2026 valuations were made by Mr R I Dudding, a director of the company, on an open market value for existing use basis.

Mr R I Dudding is qualified to make the valuation on the basis of his knowledge and experience of the residential and commercial property market.

The total deferred tax is £2,848,160 (2025: £2,821,188). It is not envisaged that any tax will become payable if the foreseeable future as it is not the company's intention to dispose of any of the properties.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

355,561

296,334

Amounts owed by group undertakings

22,277,448

22,234,786

Other debtors

596,030

270,867

23,229,039

22,801,987

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

536,139

523,000

Trade creditors

(25,800

)

37,605

Amounts owed to group undertakings

27,353,697

26,976,793

Taxation and social security

388,443

759,216

Other creditors

6,400,644

7,086,806

34,653,123

35,383,420

Bank loans and overdrafts are secured by a fixed charge over the company's land and buildings and personal guarantees provided by Mr R I Dudding, a director of the company.

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans

5,748,000

6,271,000

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

2,092,000

4,179,000

Bank loans and overdrafts are secured by a fixed charge over the company's land and buildings and personal guarantees provided by Mr R I Dudding, a director of the company.

Other creditors relates to amounts owed to trusts for which there is no fixed repayment date.

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is R I Dudding, by virtue of his controlling shareholding in the ultimate parent undertaking.

11.	GUARANTEES

The company has entered into an unlimited cross guarantee in respect of a long term loan secured over the assets of the company and those of Dudrich (Developments) Limited, C.J. Pilgrim Properties Limited and C J Pilgrim (Holdings) Limited. In addition Mr R I Dudding, a director of the company, has offered a personal guarantee of £10,000,000 against this facility.

Mr R I Dudding, director, has also provided a personal guarantee limited to £2,280,000 in respect of certain loan and overdraft facilities available to the company.

12.	RETAINED EARNINGS

Included in retained earnings is £16,438,961 (2025: £16,366,277) of profits that are not available for distribution as they are unrealised.