Company No: 00984774 (England and Wales)

Contents

• Statement of Financial Position
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	4	36		807
Investment property	5	846,557		1,161,557
		846,593		1,162,364
Current assets
Debtors	6	1,678		1,430
Cash at bank and in hand	7	249,901		10,193
		251,579		11,623
Creditors: amounts falling due within one year	8	( 49,277)		( 101,084)
Net current assets/(liabilities)		202,302		(89,461)
Total assets less current liabilities		1,048,895		1,072,903
Provision for liabilities	9	( 35,427)		( 32,240)
Net assets		1,013,468		1,040,663
Capital and reserves
Called-up share capital	10	14,396		14,396
Share premium account		62,709		62,709
Profit and loss account		936,363		963,558
Total shareholders' funds		1,013,468		1,040,663

For the financial year ending 31 December 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Income Statement has not been delivered.

The financial statements of David Potter (Properties) Limited (registered number: 00984774) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

E M Potter Director

11 March 2026

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

David Potter (Properties) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Meadow Cottage, High Street, Loddon, NR14 6ET, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

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.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Vehicles	25 % reducing balance
Fixtures and fittings	5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

The fair value is determined annually by the directors, on an open market value for existing use basis.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders.

2. Amended accounts

These revised accounts replace the original accounts for the financial year ended 31 December 2025 and are now the statutory accounts for that year.

These accounts have been prepared as at the date of the original accounts, and not as at the date of the revision and accordingly do not deal with events between those dates.

The original accounts contained material misstatements arising from an unintended software error that affected the processing of certain accounting entries within the financial statements.

The impact of the software error has been fully corrected in these revised accounts, which now present a true and fair view of the company's financial position and results for the year ended 31 December 2025.

3. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	4		4

4. Tangible assets

	Vehicles		Fixtures and fittings		Total
	£		£		£
Cost
At 01 January 2025	9,050		298		9,348
Disposals	( 9,050)		0		( 9,050)
At 31 December 2025	0		298		298
Accumulated depreciation
At 01 January 2025	8,315		226		8,541
Charge for the financial year	0		36		36
Disposals	( 8,315)		0		( 8,315)
At 31 December 2025	0		262		262
Net book value
At 31 December 2025	0		36		36
At 31 December 2024	735		72		807

5. Investment property

	Investment property
	£
Valuation
As at 01 January 2025	1,161,557
Fair value movement	(15,000)
Disposals	(300,000)
As at 31 December 2025	846,557

Valuation

The 2025 valuations were made by the directors of the company, on an open market value for existing use basis.

6. Debtors

	2025		2024
	£		£
Prepayments and accrued income	928		680
Other debtors	750		750
	1,678		1,430

7. Cash and cash equivalents

	2025		2024
	£		£
Cash at bank and in hand	249,901		10,193

8. Creditors: amounts falling due within one year

	2025		2024
	£		£
Amounts owed to directors	38,058		94,180
Accruals and deferred income	4,099		4,364
Taxation and social security	6,370		1,790
Other creditors	750		750
	49,277		101,084

9. Deferred tax

	2025		2024
	£		£
At the beginning of financial year	( 32,240)		( 32,293)
(Charged)/credited to the Income Statement	( 3,187)		53
At the end of financial year	( 35,427)		( 32,240)

10. Called-up share capital and reserves

	2025		2024
	£		£
Allotted, called-up and fully-paid
14,396 Ordinary shares of £ 1.00 each	14,396		14,396
Presented as follows:
Called-up share capital presented as equity	14,396		14,396

The Company's other reserves are as follows:

The share premium reserve contains the premium arising on issue of equity shares, net of issue expenses.

The profit and loss reserve represents cumulative profits or losses, including unrealised gains on the revaluation of investment properties net of dividends paid and any other adjustments.

Unrealised gains arising on the revaluation of investment property to fair value are recognised in the profit or loss. Although these gains form part of retained earnings, they represent unrealised profits and are therefore not distributable under UK company law.

Accordingly, an element of retained earnings at the year end is non-distributable to the extent that it relates to unrealised fair value gains on investment property

11. Related party transactions

At the balance sheet date, the company owes the directors £38,059 (2024: £94,182) which are interest free loans repayable on demand.