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REGISTERED NUMBER: 01504403 (England and Wales)















Dummer Farms Limited

Financial Statements for the Year Ended 31st October 2024






Dummer Farms Limited (Registered number: 01504403)

Contents of the Financial Statements
for the Year Ended 31st October 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Dummer Farms Limited

Company Information
for the Year Ended 31st October 2024







DIRECTORS: A Ferguson
Lady S R Swinburn
Mrs F J C Ferguson





SECRETARY: Lady S R Swinburn





REGISTERED OFFICE: Dummer Down House
Dummer
Basingstoke
Hampshire
RG25 2AR





REGISTERED NUMBER: 01504403 (England and Wales)





ACCOUNTANTS: Sheen Stickland
Chartered Accountants
2 Oriel Court
Omega Park
Alton
Hampshire
GU34 2YT

Dummer Farms Limited (Registered number: 01504403)

Balance Sheet
31st October 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 153,852 154,912
Investments 6 80 80
Investment property 7 2,156,255 2,155,730
2,310,187 2,310,722

CURRENT ASSETS
Stocks 18,021 24,874
Debtors 8 47,903 53,226
Cash at bank 282,096 220,361
348,020 298,461
CREDITORS
Amounts falling due within one year 9 75,087 65,326
NET CURRENT ASSETS 272,933 233,135
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,583,120

2,543,857

CREDITORS
Amounts falling due after more than
one year

10

(371,519

)

(389,718

)

PROVISIONS FOR LIABILITIES (306,656 ) (307,120 )
NET ASSETS 1,904,945 1,847,019

Dummer Farms Limited (Registered number: 01504403)

Balance Sheet - continued
31st October 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Share premium 12 120,331 120,331
Fair value reserve 12 1,191,585 1,191,585
Retained earnings 12 583,029 525,103
SHAREHOLDERS' FUNDS 1,904,945 1,847,019

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 2024 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 18th July 2025 and were signed on its behalf by:





A Ferguson - Director


Dummer Farms Limited (Registered number: 01504403)

Notes to the Financial Statements
for the Year Ended 31st October 2024


1. STATUTORY INFORMATION

Dummer Farms Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with the provisions of Section 1A " Small Entities" of Financial Reporting Standard 102, (FRS 102) "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound.

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

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention, with the exception of investment properties which are held at fair value.

Turnover
Income from the sale of crops is recognised on an accruals basis.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - not provided
Plant and machinery etc - 20% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.


Dummer Farms Limited (Registered number: 01504403)

Notes to the Financial Statements - continued
for the Year Ended 31st October 2024


3. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Investment property
Investment properties are shown at fair value. Any aggregate surplus or deficit arising from changes in the fair value is recognised in the Profit and Loss Account. A transfer is made to the Fair Value Reserve net of applicable deferred tax where the fair value exceeds original cost.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

Dummer Farms Limited (Registered number: 01504403)

Notes to the Financial Statements - continued
for the Year Ended 31st October 2024


5. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1st November 2023 114,986 - 45,644
Additions - 798 3,855
At 31st October 2024 114,986 798 49,499
DEPRECIATION
At 1st November 2023 - - 16,337
Charge for year - - 6,633
At 31st October 2024 - - 22,970
NET BOOK VALUE
At 31st October 2024 114,986 798 26,529
At 31st October 2023 114,986 - 29,307

Farm Containers
plant and for
machinery letting Totals
£    £    £   
COST
At 1st November 2023 26,846 15,801 203,277
Additions 992 2,812 8,457
At 31st October 2024 27,838 18,613 211,734
DEPRECIATION
At 1st November 2023 19,727 12,301 48,365
Charge for year 1,622 1,262 9,517
At 31st October 2024 21,349 13,563 57,882
NET BOOK VALUE
At 31st October 2024 6,489 5,050 153,852
At 31st October 2023 7,119 3,500 154,912

Dummer Farms Limited (Registered number: 01504403)

Notes to the Financial Statements - continued
for the Year Ended 31st October 2024


6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1st November 2023
and 31st October 2024 80
NET BOOK VALUE
At 31st October 2024 80
At 31st October 2023 80

7. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st November 2023 2,155,730
Additions 525
At 31st October 2024 2,156,255
NET BOOK VALUE
At 31st October 2024 2,156,255
At 31st October 2023 2,155,730

Fair value at 31st October 2024 is represented by:
£   
Valuation in 2018 1,417,411
Cost 738,844
2,156,255

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 33,509 42,069
Other debtors 15,244 11,157
Other debtors (850 ) -
47,903 53,226

Dummer Farms Limited (Registered number: 01504403)

Notes to the Financial Statements - continued
for the Year Ended 31st October 2024


9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
AMC Mortgage 8,180 7,293
Trade creditors 6,241 8,244
Tax 21,311 10,928
Social security and other taxes - 208
VAT 5,384 1,688
Marriage settlement - 581
Directors' current accounts 4,095 4,034
Accruals and deferred income 19,876 22,350
75,087 65,326

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 2-5 years 5,834 15,833
AMC Mortgage 2-5 years 32,720 29,173
AMC Mortgage more 5yrs instal 332,965 344,712
371,519 389,718

Amounts falling due in more than five years:

Repayable by instalments
AMC Mortgage more 5yrs instal 332,965 344,712

11. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
AMC Mortgage 373,865 381,178

The mortgages are secured by way of legal mortgages over the freehold land at Dummer Down Farm comprising part of title number HP565633 and part of title HP462327.

Dummer Farms Limited (Registered number: 01504403)

Notes to the Financial Statements - continued
for the Year Ended 31st October 2024


12. RESERVES
Fair
Retained Share value
earnings premium reserve Totals
£    £    £    £   

At 1st November 2023 525,103 120,331 1,191,585 1,837,019
Profit for the year 93,926 93,926
Dividends (36,000 ) (36,000 )
At 31st October 2024 583,029 120,331 1,191,585 1,894,945

13. RELATED PARTY DISCLOSURES

During the year the company paid Lady Swinburn, a director of the company rent of £24,000 (2023: £3,000).

The company's received rent of £9,000 (2023: £7,800) from its subsidiary Dummer Down Brewery Limited during the year.