2024-04-012025-03-312025-03-31false00607141G.B.TURNBULL LIMITED2025-06-0901110falseiso4217:GBPxbrli:pure006071412024-04-01006071412025-03-31006071412024-04-012025-03-31006071412023-04-01006071412024-03-31006071412023-04-012024-03-3100607141bus:SmallEntities2024-04-012025-03-3100607141bus:AuditExempt-NoAccountantsReport2024-04-012025-03-3100607141bus:FullAccounts2024-04-012025-03-3100607141bus:PrivateLimitedCompanyLtd2024-04-012025-03-3100607141core:WithinOneYear2025-03-3100607141core:AfterOneYear2025-03-3100607141core:WithinOneYear2024-03-3100607141core:AfterOneYear2024-03-3100607141core:ShareCapital2025-03-3100607141core:SharePremium2025-03-3100607141core:RevaluationReserve2025-03-3100607141core:OtherReservesSubtotal2025-03-3100607141core:RetainedEarningsAccumulatedLosses2025-03-3100607141core:ShareCapital2024-03-3100607141core:SharePremium2024-03-3100607141core:RevaluationReserve2024-03-3100607141core:OtherReservesSubtotal2024-03-3100607141core:RetainedEarningsAccumulatedLosses2024-03-3100607141core:LandBuildings2025-03-3100607141core:PlantMachinery2025-03-3100607141core:Vehicles2025-03-3100607141core:FurnitureFittings2025-03-3100607141core:OfficeEquipment2025-03-3100607141core:NetGoodwill2025-03-3100607141core:IntangibleAssetsOtherThanGoodwill2025-03-3100607141core:ListedExchangeTraded2025-03-3100607141core:UnlistedNon-exchangeTraded2025-03-3100607141core:LandBuildings2024-03-3100607141core:PlantMachinery2024-03-3100607141core:Vehicles2024-03-3100607141core:FurnitureFittings2024-03-3100607141core:OfficeEquipment2024-03-3100607141core:NetGoodwill2024-03-3100607141core:IntangibleAssetsOtherThanGoodwill2024-03-3100607141core:ListedExchangeTraded2024-03-3100607141core:UnlistedNon-exchangeTraded2024-03-3100607141core:LandBuildings2024-04-012025-03-3100607141core:PlantMachinery2024-04-012025-03-3100607141core:Vehicles2024-04-012025-03-3100607141core:FurnitureFittings2024-04-012025-03-3100607141core:OfficeEquipment2024-04-012025-03-3100607141core:NetGoodwill2024-04-012025-03-3100607141core:IntangibleAssetsOtherThanGoodwill2024-04-012025-03-3100607141core:ListedExchangeTraded2024-04-012025-03-3100607141core:UnlistedNon-exchangeTraded2024-04-012025-03-3100607141core:MoreThanFiveYears2024-04-012025-03-3100607141core:Non-currentFinancialInstruments2025-03-3100607141core:Non-currentFinancialInstruments2024-03-3100607141dpl:CostSales2024-04-012025-03-3100607141dpl:DistributionCosts2024-04-012025-03-3100607141core:LandBuildings2024-04-012025-03-3100607141core:PlantMachinery2024-04-012025-03-3100607141core:Vehicles2024-04-012025-03-3100607141core:FurnitureFittings2024-04-012025-03-3100607141core:OfficeEquipment2024-04-012025-03-3100607141dpl:AdministrativeExpenses2024-04-012025-03-3100607141core:NetGoodwill2024-04-012025-03-3100607141core:IntangibleAssetsOtherThanGoodwill2024-04-012025-03-3100607141dpl:GroupUndertakings2024-04-012025-03-3100607141dpl:ParticipatingInterests2024-04-012025-03-3100607141dpl:GroupUndertakingscore:ListedExchangeTraded2024-04-012025-03-3100607141core:ListedExchangeTraded2024-04-012025-03-3100607141dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2024-04-012025-03-3100607141core:UnlistedNon-exchangeTraded2024-04-012025-03-3100607141dpl:CostSales2023-04-012024-03-3100607141dpl:DistributionCosts2023-04-012024-03-3100607141core:LandBuildings2023-04-012024-03-3100607141core:PlantMachinery2023-04-012024-03-3100607141core:Vehicles2023-04-012024-03-3100607141core:FurnitureFittings2023-04-012024-03-3100607141core:OfficeEquipment2023-04-012024-03-3100607141dpl:AdministrativeExpenses2023-04-012024-03-3100607141core:NetGoodwill2023-04-012024-03-3100607141core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3100607141dpl:GroupUndertakings2023-04-012024-03-3100607141dpl:ParticipatingInterests2023-04-012024-03-3100607141dpl:GroupUndertakingscore:ListedExchangeTraded2023-04-012024-03-3100607141core:ListedExchangeTraded2023-04-012024-03-3100607141dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-04-012024-03-3100607141core:UnlistedNon-exchangeTraded2023-04-012024-03-3100607141core:NetGoodwill2025-03-3100607141core:IntangibleAssetsOtherThanGoodwill2025-03-3100607141core:LandBuildings2025-03-3100607141core:PlantMachinery2025-03-3100607141core:Vehicles2025-03-3100607141core:FurnitureFittings2025-03-3100607141core:OfficeEquipment2025-03-3100607141core:AfterOneYear2025-03-3100607141core:WithinOneYear2025-03-3100607141core:ListedExchangeTraded2025-03-3100607141core:UnlistedNon-exchangeTraded2025-03-3100607141core:ShareCapital2025-03-3100607141core:SharePremium2025-03-3100607141core:RevaluationReserve2025-03-3100607141core:OtherReservesSubtotal2025-03-3100607141core:RetainedEarningsAccumulatedLosses2025-03-3100607141core:NetGoodwill2024-03-3100607141core:IntangibleAssetsOtherThanGoodwill2024-03-3100607141core:LandBuildings2024-03-3100607141core:PlantMachinery2024-03-3100607141core:Vehicles2024-03-3100607141core:FurnitureFittings2024-03-3100607141core:OfficeEquipment2024-03-3100607141core:AfterOneYear2024-03-3100607141core:WithinOneYear2024-03-3100607141core:ListedExchangeTraded2024-03-3100607141core:UnlistedNon-exchangeTraded2024-03-3100607141core:ShareCapital2024-03-3100607141core:SharePremium2024-03-3100607141core:RevaluationReserve2024-03-3100607141core:OtherReservesSubtotal2024-03-3100607141core:RetainedEarningsAccumulatedLosses2024-03-3100607141core:NetGoodwill2023-04-0100607141core:IntangibleAssetsOtherThanGoodwill2023-04-0100607141core:LandBuildings2023-04-0100607141core:PlantMachinery2023-04-0100607141core:Vehicles2023-04-0100607141core:FurnitureFittings2023-04-0100607141core:OfficeEquipment2023-04-0100607141core:AfterOneYear2023-04-0100607141core:WithinOneYear2023-04-0100607141core:ListedExchangeTraded2023-04-0100607141core:UnlistedNon-exchangeTraded2023-04-0100607141core:ShareCapital2023-04-0100607141core:SharePremium2023-04-0100607141core:RevaluationReserve2023-04-0100607141core:OtherReservesSubtotal2023-04-0100607141core:RetainedEarningsAccumulatedLosses2023-04-0100607141core:AfterOneYear2024-04-012025-03-3100607141core:WithinOneYear2024-04-012025-03-3100607141core:Non-currentFinancialInstrumentscore:CostValuation2024-04-012025-03-3100607141core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2024-04-012025-03-3100607141core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2024-04-012025-03-3100607141core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2024-04-012025-03-3100607141core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-04-012025-03-3100607141core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2024-04-012025-03-3100607141core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2024-04-012025-03-3100607141core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2024-04-012025-03-3100607141core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2024-04-012025-03-3100607141core:Non-currentFinancialInstrumentscore:CostValuation2025-03-3100607141core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2025-03-3100607141core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2025-03-3100607141core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2025-03-3100607141core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2025-03-3100607141core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2025-03-3100607141core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2025-03-3100607141core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2025-03-3100607141core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2025-03-3100607141core:Non-currentFinancialInstrumentscore:CostValuation2024-03-3100607141core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2024-03-3100607141core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2024-03-3100607141core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2024-03-3100607141core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-03-3100607141core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2024-03-3100607141core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2024-03-3100607141core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2024-03-3100607141core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2024-03-3100607141bus:Director12024-04-012025-03-3100607141bus:Director22024-04-012025-03-31

G.B.TURNBULL LIMITED

Registered Number
00607141
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2025

G.B.TURNBULL LIMITED
Company Information
for the year from 1 April 2024 to 31 March 2025

Directors

TURNBULL, Jane Elizabeth
TURNBULL, William John

Company Secretary

TURNBULL, William John

Registered Address

Burghwallis Grange
Off Green Lane
Skellow
DN6 8JX

Registered Number

00607141 (England and Wales)
G.B.TURNBULL LIMITED
Statement of Financial Position
31 March 2025

Notes

2025

2024

£

£

£

£

Fixed assets
Tangible assets3181,92372,782
Investments54,826,9044,261,736
Investment property415,537,89515,537,895
20,546,72219,872,413
Current assets
Stocks6127,580123,480
Debtors7209,144198,293
Cash at bank and on hand120,950246,627
457,674568,400
Creditors amounts falling due within one year8(109,931)(46,068)
Net current assets (liabilities)347,743522,332
Total assets less current liabilities20,894,46520,394,745
Provisions for liabilities9(2,545,000)(2,510,000)
Net assets18,349,46517,884,745
Capital and reserves
Called up share capital34,59834,598
Profit and loss account18,314,86717,850,147
Shareholders' funds18,349,46517,884,745
The financial statements were approved and authorised for issue by the Board of Directors on 9 June 2025, and are signed on its behalf by:
TURNBULL, William John
Director
Registered Company No. 00607141
G.B.TURNBULL LIMITED
Notes to the Financial Statements
for the year ended 31 March 2025

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Basis of preparation
The financial statements have been prepared under the historical cost convention on a going concern basis, as modified by the revaluation of certain financial assets and investment properties at fair value, unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
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 rental income receivable. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. The turnover shown in the profit and loss account represents amounts invoiced during the year. This is split between the two principle activities of farming £127,639 (2024: £53,105) and property management £565,930 (2024: £552,159).
Defined contribution pension plan
The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. Contributions to defined contribution plans are expensed in the period to which they relate. Amounts not paid are shown in other creditors in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
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.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the profit and loss account. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Plant and machinery33
Investments
Listed investments are measured at fair value where the difference between cost and fair value is material. 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.
Investment property
Investment property is carried at fair value based upon valuations by external professional valuers. No depreciation is provided. Changes in fair value are recognised in the profit and loss account.
Stocks and work in progress
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete). Stocks of horses are measured at fair value less costs to sell. Fair value is determined by reference to the market value of horses.
Trade and other 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.
Trade and other 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.
Financial instruments
The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
2.Average number of employees

20252024
Average number of employees during the year55
3.Tangible fixed assets

Plant & machinery

Total

££
Cost or valuation
At 01 April 24506,677506,677
Additions243,546243,546
Disposals(282,106)(282,106)
At 31 March 25468,117468,117
Depreciation and impairment
At 01 April 24433,895433,895
Charge for year92,00692,006
On disposals(239,707)(239,707)
At 31 March 25286,194286,194
Net book value
At 31 March 25181,923181,923
At 31 March 2472,78272,782
4.Investment property
Investment properties were revalued on an open market basis in February 2022 by Malcolm Stuart Property Consultants LLP and John H Pickup & Co., both professional valuers and, in the opinion of the directors, the open market value of the properties at the balance sheet date is not significantly different to the disclosed amount. The historical cost of the investment properties was £2,309,943 (2024: £2,309,943).

£
Fair value at 01 April 2415,537,895
At 31 March 2515,537,895
5.Fixed asset investments

Other investments1

Total

££
Cost or valuation
At 01 April 244,261,7364,261,736
Additions1,645,2811,645,281
Revaluations130,025130,025
Disposals(1,210,138)(1,210,138)
At 31 March 254,826,9044,826,904
Net book value
At 31 March 254,826,9044,826,904
At 31 March 244,261,7364,261,736

Notes

1Other investments other than loans
6.Stocks

2025

2024

££
Other stocks127,580123,480
Total127,580123,480
7.Debtors: amounts due within one year

2025

2024

££
Trade debtors / trade receivables46,14471,953
Other debtors162,000123,132
Prepayments and accrued income1,0003,208
Total209,144198,293
8.Creditors: amounts due within one year

2025

2024

££
Trade creditors / trade payables19,18911,381
Taxation and social security83,98229,648
Accrued liabilities and deferred income6,7605,039
Total109,93146,068
9.Provisions for liabilities
The provision for deferred tax arises from the fair value adjustments to investment properties and is calculated at the substantively enacted tax rate expected to apply when the deferred tax liability is reversed.

2025

2024

££
Net deferred tax liability (asset)2,545,0002,510,000
Total2,545,0002,510,000