REGISTERED NUMBER: 03332539 (England and Wales)

REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

FOR

D R E PROPERTY SERVICES LIMITED

Page

Company Information

1

Report of the Directors

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

6

DIRECTORS:

S J England

Mrs S Paice

SECRETARY:

Mrs S M England

REGISTERED OFFICE:

High Cross Building

Lancaster Road

Hinckley

Leicestershire

LE10 0AW

REGISTERED NUMBER:

03332539 (England and Wales)

ACCOUNTANTS:

PWH Accountancy Ltd

The Counting House

High Street

Lutterworth

Leicestershire

LE17 4AY

The directors present their report with the financial statements of the company for the year ended 31 January 2026.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of property management agents.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 February 2025 to the date of this report.

S J England

Mrs S Paice

Other changes in directors holding office are as follows:

D R England - deceased 10 February 2025

FINANCIAL INSTRUMENTS

The company has a normal level of exposure to price, credit, liquidity and cashflow risks arising from trading activities which are conducted in primarily in sterling.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

Mrs S Paice - Director

14 October 2026

TURNOVER

527,221

451,792

Cost of sales

19,968

16,632

GROSS PROFIT

507,253

435,160

Administrative expenses

419,567

382,080

OPERATING PROFIT and

PROFIT BEFORE TAXATION

87,686

53,080

Tax on profit

6

17,101

(57

)

PROFIT FOR THE FINANCIAL YEAR

70,585

53,137

FIXED ASSETS

Intangible assets

7

175,000

175,000

Tangible assets

8

41,592

43,679

216,592

218,679

CURRENT ASSETS

Debtors

9

-

33,792

Cash at bank

60,719

35,459

60,719

69,251

CREDITORS

Amounts falling due within one year

10

361,378

439,005

NET CURRENT LIABILITIES

(300,659

)

(369,754

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(84,067

)

(151,075

)

PROVISIONS FOR LIABILITIES

11

7,343

10,920

NET LIABILITIES

(91,410

)

(161,995

)

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

12

(91,412

)

(161,997

)

SHAREHOLDERS' FUNDS

(91,410

)

(161,995

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 14 October 2026 and were signed on its behalf by:

Mrs S Paice - Director

S J England - Director

1.	STATUTORY INFORMATION

D R E Property Services 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Critical accounting judgements and key sources of estimation uncertainty

In the application of the Company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered relevant, Actual results may differ from these estimates.

Turnover

Revenue comprises the fair value of the consideration received or receivable for the rendering of services in the ordinary course of the company's activities. Revenue is shown net of VAT and trade discounts.

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 The amount of revenue is not considered to be reliably measurable until all contingencies relating to the sale have been resolved. The company bases its estimates on historical results, taking into consideration the type of customer, the type of transaction and the specifics of each arrangement.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Leasehold Improvements

-

in accordance with the property

Fixtures, fittings & equipment

-

15% on reducing balance

Financial instruments

Financial assets

Receivables are stated at amortised cost using the effective interest rate method. A provision for impairment of receivables is established where there is objective evidence that the company will not be able to collect all amounts due according to the original terms of payment. Receivables are considered for impairment on a case by case basis and any provision is based on the directors' assessment of the amount recoverable on each receivable.

Financial liabilities

The company's financial liabilities include trade and other payables, which are measured at amortised cost using the effective interest rate method. Financial liabilities are recognised when the company becomes a party to the contractual agreements of the instrument. Interest-related charges are recognised as an expense in the period in which they are incurred.

Cash and cash equivalents

Cash and cash equivalents includes cash in hand, deposits held at call with banks, other short-term highly liquid investments with original maturities of three months or less, and bank overdrafts.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Lease and hire purchase contracts

Payments under operating leases are charged to the profit and loss account in the year in which they are incurred. Tangible fixed assets acquired under finance leases and hire purchase contracts are capitalised and depreciated in the same manner as other tangible fixed assets over their estimated useful economic lives or, if shorter the lease term. The related obligation, net of future charges, are included in creditors falling due within and after more than one year. The interest element of repayments of finance leases and hire purchase contracts is charged to the profit and loss account over the duration of the lease and represents a constant proportion of the capital balance outstanding, so as to produce a constant periodic rate of charge on the net obligations outstanding in each period.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2025 - 9 ) .

5.	OPERATING PROFIT

The operating profit is stated after charging:

31.1.26

31.1.25

£

£

Depreciation - owned assets

7,337

7,495

6.

TAXATION

Analysis of the tax charge/(credit)

The tax charge/(credit) on the profit for the year was as follows:

31.1.26

31.1.25

£

£

Current tax:

UK corporation tax

20,678

-

Deferred tax

(3,577

)

(57

)

Tax on profit

17,101

(57

)

7.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 February 2025

and 31 January 2026

175,000

NET BOOK VALUE

At 31 January 2026

175,000

At 31 January 2025

175,000

8.	TANGIBLE FIXED ASSETS

Fixtures,

Leasehold

fittings

Improvements

& equipment

Totals

£

£

£

COST

At 1 February 2025

349,578

169,762

519,340

Additions

-

5,250

5,250

At 31 January 2026

349,578

175,012

524,590

DEPRECIATION

At 1 February 2025

342,448

133,213

475,661

Charge for year

613

6,724

7,337

At 31 January 2026

343,061

139,937

482,998

NET BOOK VALUE

At 31 January 2026

6,517

35,075

41,592

At 31 January 2025

7,130

36,549

43,679

9.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.1.25

£

£

Prepayments

-

33,792

10.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.1.25

£

£

Trade creditors

64,396

81,857

Tax

20,678

-

Amounts due to group companies

244,709

332,911

Social security and other taxes

6,250

5,411

VAT

13,244

10,253

Other creditors

1,032

1,081

Accrued expenses

11,069

7,492

361,378

439,005

11.	PROVISIONS FOR LIABILITIES

31.1.26

31.1.25

£

£

Deferred tax

7,343

10,920

Deferred

tax

£

Balance at 1 February 2025

10,920

Credit to Income Statement during year

(3,577

)

Balance at 31 January 2026

7,343

12.

RESERVES

Retained

earnings

£

At 1 February 2025

(161,997

)

Profit for the year

70,585

At 31 January 2026

(91,412

)

13.	ULTIMATE CONTROLLING PARTY

The controlling party was Mrs S M England by reason of her controlling interest in the ultimate holding company, D R E Group Limited.

14.	ULTIMATE HOLDING COMPANY

The company's ultimate holding company is D R E Group Limited which is incorporated in England. Advantage has been taken of the exemption from disclosure of group transactions on the grounds that details of the company as a subsidiary of D R E Group Limited are included in the consolidated accounts of that company.