REGISTERED NUMBER: 05332710 (England and Wales)

REPORT OF THE DIRECTORS AND

UNAUDITED

CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

FOR

DRE GROUP LIMITED

Page

Company Information

1

Report of the Directors

2

Consolidated Income Statement

3

Consolidated Balance Sheet

4

Company Balance Sheet

6

Notes to the Consolidated Financial Statements

8

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:

05332710 (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 and the group for the year ended 31 January 2026.

PRINCIPAL ACTIVITY

The principal activity of the group in the year under review was that of Property development and investment.

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

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

929,039

831,913

Cost of sales

45,977

41,725

GROSS PROFIT

883,062

790,188

Administrative expenses

606,961

539,332

276,101

250,856

Other operating income

86,625

10,000

OPERATING PROFIT

5

362,726

260,856

Gain/loss on revaluation of assets

199,000

-

561,726

260,856

Interest payable and similar expenses

122,084

93,148

PROFIT BEFORE TAXATION

439,642

167,708

Tax on profit

6

95,804

5,897

PROFIT FOR THE FINANCIAL YEAR

343,838

161,811

Profit attributable to:

Owners of the parent

343,838

161,811

FIXED ASSETS

Intangible assets

8

175,000

175,000

Tangible assets

9

709,670

625,848

Investments

10

Interest in joint venture

Share of gross assets

776,747

1,319,047

Share of gross liabilities

(733,175

)

(1,272,085

)

Investment property

11

6,175,506

5,976,506

7,103,748

6,824,316

CURRENT ASSETS

Debtors

12

101,714

116,377

Cash at bank

594,371

740,565

696,085

856,942

CREDITORS

Amounts falling due within one year

13

625,832

715,235

NET CURRENT ASSETS

70,253

141,707

TOTAL ASSETS LESS CURRENT LIABILITIES

7,174,001

6,966,023

CREDITORS

Amounts falling due after more than one year

14

(977,532

)

(1,192,526

)

PROVISIONS FOR LIABILITIES

15

(80,360

)

(21,625

)

NET ASSETS

6,116,109

5,751,872

CAPITAL AND RESERVES

Called up share capital

16

10,500

10,500

Share premium

17

2,474,977

2,474,977

Other reserves

17

1,303,283

1,033,283

Retained earnings

17

2,327,349

2,233,112

SHAREHOLDERS' FUNDS

6,116,109

5,751,872

The company and the group are 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 and the group 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 group 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 and the group as at the end of each financial year and of the group's 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 and the group.

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:

S J England - Director

Mrs S Paice - Director

FIXED ASSETS

Intangible assets

8

-

-

Tangible assets

9

-

-

Investments

10

906,386

906,386

Investment property

11

-

-

906,386

906,386

CURRENT ASSETS

Debtors

12

797,959

845,611

Cash at bank

212,950

212,322

1,010,909

1,057,933

CREDITORS

Amounts falling due within one year

13

1,676,593

1,773,346

NET CURRENT LIABILITIES

(665,684

)

(715,413

)

TOTAL ASSETS LESS CURRENT LIABILITIES

240,702

190,973

CAPITAL AND RESERVES

Called up share capital

16

11,000

11,000

Share premium

1,214,720

1,214,720

Retained earnings

(985,018

)

(1,034,747

)

SHAREHOLDERS' FUNDS

240,702

190,973

Company's profit for the financial year

49,729

15,220

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 30 October 2026 and were signed on its behalf by:

Mrs S Paice - Director

1.	STATUTORY INFORMATION

DRE Group 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 General 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 as modified by the revaluation of certain assets.

Basis of consolidation

The group financial statements consolidate the financial statements of the company and its subsidiaries, details of which are set out in the notes below.The company acted as a holding company for the group and did not trade in its own right.

Joint ventures

Joint ventures are accounted for using the equity method, whereby the investment is initially recognised at cost and adjusted thereafter for the post-acquisition change in the investor's share of the investee's net assets. The investor's profit or loss includes its share of the investee's profit or loss and the investor's other comprehensive income includes its share of the investee's other comprehensive income.

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.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Improvements to property

-

in accordance with the property

Plant and machinery

-

15% on reducing balance and Straight line over 50 years

Fixtures and fittings

-

15% on reducing balance and 15% - 25% on reducing balance

Motor vehicles

-

25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 Consolidated 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.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies

The financial statements are presented in GBP, being both the company's functional and presentation currency. Transactions denominated in foreign currencies are translated into GBP at the rates of exchange in operation on the dates of the transactions. Monetary assets and liabilities expressed in foreign currencies are translated into GBP at the rates of exchange prevailing at the date of the Statements of Financial Position. Translation differences are dealt with through the Statement of Comprehensive Income in the period in which they arise.

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

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2025 - 15 ) .

The average number of employees by undertakings that were proportionately consolidated during the year was NIL (2025 - NIL).

5.	OPERATING PROFIT

The operating profit is stated after charging:

31.1.26

31.1.25

£

£

Depreciation - owned assets

58,640

25,165

6.

TAXATION

Analysis of the tax charge

The tax charge on the profit for the year was as follows:

31.1.26

31.1.25

£

£

Current tax:

UK corporation tax

37,069

-

Deferred tax

58,735

5,897

Tax on profit

95,804

5,897

7.	INDIVIDUAL INCOME STATEMENT

As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these financial statements.

8.	INTANGIBLE FIXED ASSETS

Group

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

9.	TANGIBLE FIXED ASSETS

Group

Improvements

Freehold

to

Plant and

property

property

machinery

£

£

£

COST OR VALUATION

At 1 February 2025

466,500

449,836

600,622

Additions

-

-

-

At 31 January 2026

466,500

449,836

600,622

DEPRECIATION

At 1 February 2025

-

448,684

357,274

Charge for year

-

613

-

At 31 January 2026

-

449,297

357,274

NET BOOK VALUE

At 31 January 2026

466,500

539

243,348

At 31 January 2025

466,500

1,152

243,348

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST OR VALUATION

At 1 February 2025

82,973

64,424

1,664,355

Additions

152,805

(10,343

)

142,462

At 31 January 2026

235,778

54,081

1,806,817

DEPRECIATION

At 1 February 2025

207,246

25,303

1,038,507

Charge for year

51,752

6,275

58,640

At 31 January 2026

258,998

31,578

1,097,147

NET BOOK VALUE

At 31 January 2026

(23,220

)

22,503

709,670

At 31 January 2025

(124,273

)

39,121

625,848

Cost or valuation at 31 January 2026 is represented by:

Improvements

Freehold

to

Plant and

property

property

machinery

£

£

£

Valuation in 2026

2,490,169

449,836

600,622

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

Valuation in 2026

520,976

64,424

4,126,027

**	TOTAL SHOWN ON CLIENT SCREEN - REVALUATION ANALYSIS - DOES NOT AGREE TO TOTAL OF FIXED ASSET 'COST' ACCOUNT HELD AT END OF YEAR IN RESPECT OF

FREEHOLD PROPERTY

'COST' ACCOUNT TOTAL

Cost/valuation b/f

466,500

466,500

CLIENT SCREEN TOTAL

=

2,490,169

**	TOTAL SHOWN ON CLIENT SCREEN - REVALUATION ANALYSIS - DOES NOT AGREE TO TOTAL OF FIXED ASSET 'COST' ACCOUNT HELD AT END OF YEAR IN RESPECT OF

FIXTURES AND FITTINGS

'COST' ACCOUNT TOTAL

Cost/valuation b/f

82,973

Additions

152,805

235,778

CLIENT SCREEN TOTAL

=

520,976

**	TOTAL SHOWN ON CLIENT SCREEN - REVALUATION ANALYSIS - DOES NOT AGREE TO TOTAL OF FIXED ASSET 'COST' ACCOUNT HELD AT END OF YEAR IN RESPECT OF

MOTOR VEHICLES

'COST' ACCOUNT TOTAL

Cost/valuation b/f

64,424

Additions

(10,343

)

54,081

CLIENT SCREEN TOTAL

=

64,424

If Freehold land and buildings had not been revalued they would have been included at the following historical cost:

31.1.26

31.1.25

£

£

Cost

2,260,000

1,310,000

Value of land in freehold land and buildings

450,000

300,000

Freehold land and buildings were valued on an open market basis on 31 January 2026 by the directors .

10.	FIXED ASSET INVESTMENTS

The names, shareholdings and principle activities of the subsidiary companies are given below.

All group companies are owned 100% except SSTL Investments Limited (50%) and the Registered Office is the same as the parent company.

Highcross Commercial Investments Limited - 10,000 deferred shares of £1 each and 10,000 Ordinary shares of $1 each (Property investment and development).

Burbage Cleaning Services Limited - 2 Ordinary shares of £1 each and 1 B Ordinary share of £1 (Cleaning services).

DRE Property Services Limited - 2 Ordinary shares of £1 each (Property management services).

Twycross Estates Limited -£1 Ordinary share of £1 (Property investment and development).

SSTL Investments Limited - 100 Ordinary shares of £1 each (property investment and development).

Cotswold Estates Limited - 500 shares of £1 each (property development and storage solutions)

11.	INVESTMENT PROPERTY

Group

Total

£

FAIR VALUE

At 1 February 2025

5,976,506

Revaluations

199,000

At 31 January 2026

6,175,506

NET BOOK VALUE

At 31 January 2026

6,175,506

At 31 January 2025

5,976,506

Fair value at 31 January 2026 is represented by:

£

Valuation in 2026

6,175,506

If investment property had not been revalued it would have been included at the following historical cost:

31.1.26

31.1.25

£

£

Cost

2,314,377

2,314,377

investment property was valued on an open market basis on 31 January 2026 by the directors .

12.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group

Company

31.1.26

31.1.25

31.1.26

31.1.25

£

£

£

£

Trade debtors

7,082

10,872

-

-

Amounts owed by group undertakings

12,000

12,000

256,709

344,911

Other debtors

53,255

40,226

-

-

Amounts due from associates

-

-

541,250

500,000

VAT

13,432

-

-

700

Prepayments

15,945

53,279

-

-

101,714

116,377

797,959

845,611

13.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group

Company

31.1.26

31.1.25

31.1.26

31.1.25

£

£

£

£

Bank loans and overdrafts

210,994

195,538

-

-

Trade creditors

179,352

208,387

-

-

Amounts owed to group undertakings

-

25,200

-

-

Tax

37,069

-

6,850

-

Social security and other taxes

46,168

5,641

-

-

VAT

-

10,253

-

-

Other creditors

125,974

210,553

128,467

148,867

Due to group companies

-

-

1,541,276

1,624,479

Accrued expenses

26,275

59,663

-

-

625,832

715,235

1,676,593

1,773,346

14.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

Group

31.1.26

31.1.25

£

£

Bank loans more 5 yr by instal

977,532

1,192,526

Amounts falling due in more than five years:

Group

31.1.26

31.1.25

£

£

Repayable by instalments

Bank loans more 5 yr by instal

977,532

1,192,526