Registered number
03092306
DCD PROPERTIES LIMITED
Filleted Accounts
31 December 2024
DCD PROPERTIES LIMITED
Registered number: 03092306
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 21,050,506 21,385,636
Investments 5 16,150,000 9,125,000
37,200,506 30,510,636
Current assets
Debtors 6 12,718,024 12,546,490
Cash at bank and in hand 37,489 1,165,563
12,755,513 13,712,053
Creditors: amounts falling due within one year 8 (6,392,031) (7,231,572)
Net current assets 6,363,482 6,480,481
Total assets less current liabilities 43,563,988 36,991,117
Creditors: amounts falling due after more than one year 9 (8,000,000) (8,000,000)
Provisions for liabilities (3,432,161) (1,265,039)
Net assets 32,131,827 27,726,078
Capital and reserves
Called up share capital 200 200
Revaluation reserve 11 5,278,982 5,773,604
Profit and loss account 26,852,645 21,952,274
Shareholders' funds 32,131,827 27,726,078
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
F. Randeree
Manging Director
Approved by the board on 27 November 2025
DCD PROPERTIES LIMITED
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Audit information
The audit report is unqualified.
Senior statutory auditor: I.Ramgoolam
Firm: Jayson & Co
Date of audit report: 27 November 2025
3 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
4 Tangible fixed assets
Investment properties Plant and machinery etc Total
£ £ £
Cost
At 1 January 2024 21,385,506 699 21,386,205
Impairment (335,000) - (335,000)
At 31 December 2024 21,050,506 699 21,051,205
Depreciation
At 1 January 2024 - 569 569
Charge for the year - 130 130
At 31 December 2024 - 699 699
Net book value
At 31 December 2024 21,050,506 - 21,050,506
At 31 December 2023 21,385,506 130 21,385,636
The company's main property Aird House at 117 Iverness Terrace, London was valued in prior year by Colliers International Valuation LLP at £18,800,437 and since then the value of similar properties in London has not materially changed. The other two properties at 29 Southampton Rd, Ringwood and 9 Saltgate, Beccles were valued by Pelham Associates, an RICS firm at £750,000 & £500,000 respectively.
5 Investments
Other
investments
£
Cost
At 1 January 2024 9,125,000
Revaluation 7,025,000
At 31 December 2024 16,150,000
The investment in Seahaven Holdings Ltd was valued at £16.125m but the investment in ALGBRA was valued at £25,000 - both valued at current market value.
6 Debtors 2024 2023
£ £
Trade debtors 44,281 152,029
Other debtors 12,616,589 12,383,002
Prepayments 57,154 11,459
12,718,024 12,546,490
7 Investments held as current assets 2024 2023
£ £
Fair value
Increase/(decrease) in fair value included in the profit and loss account for the financial year
Unlisted investments 7,025,000 -
8 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 56,719 56,212
Other creditors 6,335,312 7,175,360
6,392,031 7,231,572
9 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 8,000,000 8,000,000
10 Loans 2024 2023
£ £
Creditors include:
Secured bank loans 8,000,000 8,000,000
The loan from Al Rayan Bank Plc which carries interest at 4.75% is secured by a fixed charge on the company's property at 117 Iverness Terrace, London W2 6LY.
11 Revaluation reserve 2024 2023
£ £
At 1 January 2024 5,773,604 5,773,604
Deferred taxation arising on the revaluation of land and buildings (494,622) -
At 31 December 2024 5,278,982 5,773,604
12 Other information
DCD PROPERTIES LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
84 Newman Street
London
W1T 3EU
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