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Registration number: 00758099

D.J. Dawes (Farms) Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 September 2024

 

D.J. Dawes (Farms) Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 7

 

D.J. Dawes (Farms) Limited

(Registration number: 00758099)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

487,890

487,763

Investments

6

50,000

50,000

 

537,890

537,763

Current assets

 

Stocks

7

123,160

126,984

Debtors

8

32,932

34,470

Cash at bank and in hand

 

28,035

6,737

 

184,127

168,191

Creditors: Amounts falling due within one year

9

(40,386)

(40,723)

Net current assets

 

143,741

127,468

Net assets

 

681,631

665,231

Capital and reserves

 

Called up share capital

10

225,207

225,207

Capital redemption reserve

4,000

4,000

Retained earnings

452,424

436,024

Shareholders' funds

 

681,631

665,231

For the financial year ending 30 September 2024 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 accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 22 May 2025 and signed on its behalf by:
 

.........................................
Mr D A Dawes
Director

 

D.J. Dawes (Farms) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Woodside Farm
Church Lane
Remenham
Henley-on-Thames
Oxon
RG9 3EX

These financial statements were authorised for issue by the Board on 22 May 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and 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.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

D.J. Dawes (Farms) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Equipment and machinery

25% reducing balance

Freehold Buildings

50 years

Vehicles

25% reducing balance

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

D.J. Dawes (Farms) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised at the transaction price.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2023 - 0).

 

D.J. Dawes (Farms) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

4

Profit before tax

Arrived at after charging/(crediting)

2024
£

2023
£

Depreciation expense

10,203

11,286

5

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 October 2023

612,598

83,993

2,000

698,591

Additions

-

10,330

-

10,330

At 30 September 2024

612,598

94,323

2,000

708,921

Depreciation

At 1 October 2023

143,901

64,990

1,937

210,828

Charge for the year

5,050

5,137

16

10,203

At 30 September 2024

148,951

70,127

1,953

221,031

Carrying amount

At 30 September 2024

463,647

24,196

47

487,890

At 30 September 2023

468,697

19,003

63

487,763

Included within the net book value of land and buildings above is £463,647 (2023 - £468,697) in respect of freehold land and buildings.
 

6

Investments

2024
£

2023
£

Investments in subsidiaries

50,000

50,000

 

D.J. Dawes (Farms) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Subsidiaries

£

Cost or valuation

At 1 October 2023

50,000

Provision

Carrying amount

At 30 September 2024

50,000

At 30 September 2023

50,000

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

2024

2023

Subsidiary undertakings

Dawes Engineering Ltd

Woodside Farm,
Church Lane
Remenham
Henley-on-Thames
Oxon
RG9 3EX

England

Ordinary

100%

100%

Subsidiary undertakings

Dawes Engineering Ltd

The principal activity of Dawes Engineering Ltd is Engineering.

7

Stocks

2024
£

2023
£

Other inventories

123,160

126,984

 

D.J. Dawes (Farms) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

8

Debtors

2024
£

2023
£

Prepayments

2,111

4,733

Other debtors

30,821

29,737

32,932

34,470

9

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

3,526

3,923

Accruals and deferred income

36,860

36,800

40,386

40,723

10

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

2,000 Ordinary shares of £1 each

2,000

2,000

2,000

2,000

50,000 Preference shares of £1 each

50,000

50,000

50,000

50,000

173,207 Preference A shares of £1 each

173,207

173,207

173,207

173,207

225,207

225,207

225,207

225,207

11

Related party transactions

Summary of transactions with subsidiaries

The company has one subsidiary undertaking as described in note 5. Transactions may take place between the group undertakings in the normal course of business at open market values. Sales to Dawes Engineering Ltd in the period were £nil (2023: £nil).