REGISTERED NUMBER: 04290867 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

FOR

DENNE PROPERTIES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A J Adams

M G Manktelow

SECRETARY:

M G Manktelow

REGISTERED OFFICE:

Second Floor Ridgeland House

15 Carfax

Horsham

West Sussex

RH12 1ER

REGISTERED NUMBER:

04290867 (England and Wales)

ACCOUNTANTS:

Galloways Accounting (Horsham) Limited

Ridgeland House

15 Carfax

Horsham

West Sussex

RH12 1ER

FIXED ASSETS

Investment property

3

5,550,000

5,550,000

CURRENT ASSETS

Debtors

4

18,201

1,025

Cash at bank

198,732

173,941

216,933

174,966

CREDITORS

Amounts falling due within one year

5

(964,363

)

(1,059,279

)

NET CURRENT LIABILITIES

(747,430

)

(884,313

)

TOTAL ASSETS LESS CURRENT LIABILITIES

4,802,570

4,665,687

PROVISIONS FOR LIABILITIES

(645,422

)

(645,422

)

NET ASSETS

4,157,148

4,020,265

CAPITAL AND RESERVES

Called up share capital

2

2

Revaluation reserve

1,936,266

1,936,266

Retained earnings

2,220,880

2,083,997

SHAREHOLDERS' FUNDS

4,157,148

4,020,265

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2025 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 18 November 2025 and were signed on its behalf by:

M G Manktelow - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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 during the year from property letting, net of value added tax.

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 and subsequently transferred to the revaluation reserve.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

3.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 October 2024

and 30 September 2025

5,550,000

NET BOOK VALUE

At 30 September 2025

5,550,000

At 30 September 2024

5,550,000

Fair value at 30 September 2025 is represented by:

£

Valuation in 2012

1,279,305

Valuation in 2013

82,215

Valuation in 2014

280,295

Valuation in 2015

312,000

Valuation in 2016

70,000

Valuation in 2017

11,324

Valuation in 2018

31,550

Valuation in 2021

480,000

Valuation in 2022

35,000

Cost

2,968,311

5,550,000

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

2025

2024

£

£

Cost

2,968,311

2,968,311

Investment property was valued on an open market basis on 30 September 2025 by M G Manktelow (director) .

It is concluded that M G Manktelow has the relevant knowledge and experience to carry out these revaluations.

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

1,875

1,025

Directors' current accounts

7,064

-

Prepayments and accrued income

9,262

-

18,201

1,025

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Tax

44,250

43,658

Directors' current accounts

918,163

1,013,871

Accrued expenses

1,950

1,750

964,363

1,059,279

6.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2025 and 30 September 2024:

2025

2024

£

£

A J Adams

Balance outstanding at start of year

-

-

Amounts advanced

7,063

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

7,063

-