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Company No: 04593962 (England and Wales)

DANNING & SYMONS LIMITED

Unaudited Financial Statements
For the financial year ended 31 January 2025
Pages for filing with the registrar

DANNING & SYMONS LIMITED

Unaudited Financial Statements

For the financial year ended 31 January 2025

Contents

DANNING & SYMONS LIMITED

BALANCE SHEET

As at 31 January 2025
DANNING & SYMONS LIMITED

BALANCE SHEET (continued)

As at 31 January 2025
Note 2025 2024
£ £
Fixed assets
Tangible assets 3 1,315,929 1,323,338
Investments 4 3 3
1,315,932 1,323,341
Current assets
Debtors
- due within one year 5 891,614 990,480
- due after more than one year 5 124,968 124,353
Cash at bank and in hand 176,122 161,335
1,192,704 1,276,168
Creditors: amounts falling due within one year 6 ( 1,135,897) ( 344,556)
Net current assets 56,807 931,612
Total assets less current liabilities 1,372,739 2,254,953
Creditors: amounts falling due after more than one year 7 0 ( 889,087)
Net assets 1,372,739 1,365,866
Capital and reserves
Called-up share capital 8 100 100
Profit and loss account 1,372,639 1,365,766
Total shareholders' funds 1,372,739 1,365,866

For the financial year ending 31 January 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Danning & Symons Limited (registered number: 04593962) were approved and authorised for issue by the Board of Directors on 04 August 2025. They were signed on its behalf by:

Mr D A Danning
Director
DANNING & SYMONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2025
DANNING & SYMONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2025
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Danning & Symons Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Trelawney Lodge, Sladesbridge, Wadebridge, PL27 6JA, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover represents rent receivable and comprises agreed annual rent supplemented by variable rent determined by reference to external factors.

Agreed annual rent is recognised on a straight line basis over the lease term. Variable rent is recognised as earnt.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Land and buildings depreciated over the life of the lease
Assets under construction not depreciated
Fixtures and fittings 5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Investment property

The company's investment property comprises an interest in land held under a short lease. The company has chosen to account for this interest as property, plant and equipment. Cost of improvements have been recorded at cost and are being depreciated straight line over the term of the lease.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Investments
Investments in subsidiary companies are stated at cost.

2. Employees

2025 2024
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Tangible assets

Land and buildings Assets under construc-
tion
Fixtures and fittings Total
£ £ £ £
Cost
At 01 February 2024 1,087,850 472,847 111,786 1,672,483
Additions 0 2,199 1,116 3,315
Disposals 0 0 ( 1,786) ( 1,786)
At 31 January 2025 1,087,850 475,046 111,116 1,674,012
Accumulated depreciation
At 01 February 2024 237,808 0 111,337 349,145
Charge for the financial year 10,216 0 58 10,274
Disposals 0 0 ( 1,337) ( 1,337)
At 31 January 2025 248,024 0 110,059 358,083
Net book value
At 31 January 2025 839,826 475,046 1,057 1,315,929
At 31 January 2024 850,042 472,847 449 1,323,338

Included within the net book value of land and buildings above is £686,590 (2024 - £686,590) in respect of freehold land and buildings and £153,236 (2024 - £163,452) in respect of short leasehold land and buildings.

4. Fixed asset investments

Investments in subsidiaries

2025
£
Cost
At 01 February 2024 3
At 31 January 2025 3
Carrying value at 31 January 2025 3
Carrying value at 31 January 2024 3

Investments in shares

Name of entity Registered office Principal activity Class of
shares
Ownership
31.01.2025
Ownership
31.01.2024
Danning and Symons (Barnstaple) Limited England & Wales Dormant Company Ordinary 100.00% 100.00%
Danning and Symons (Probus) Limited England & Wales Dormant Company Ordinary 100.00% 100.00%

5. Debtors

2025 2024
£ £
Debtors: amounts falling due within one year
Trade debtors 190,080 190,080
Amounts owed by Group undertakings 4,812 4,812
Other debtors 696,722 795,588
891,614 990,480
Debtors: amounts falling due after more than one year
Other debtors 124,968 124,353

6. Creditors: amounts falling due within one year

2025 2024
£ £
Bank loans (secured) 889,312 51,229
Trade creditors 105,000 131,014
Corporation tax 83,249 101,535
Other taxation and social security 8,659 11,301
Other creditors 49,677 49,477
1,135,897 344,556

The bank loan is secured by way of a charge over the company's freehold and leasehold property.

7. Creditors: amounts falling due after more than one year

2025 2024
£ £
Bank loans (secured) 0 889,087

The bank loan is secured by way of a charge over the company's freehold and leasehold property.

8. Called-up share capital

2025 2024
£ £
Allotted, called-up and fully-paid
102 Ordinary A shares of £ 0.50 each 51 51
98 Ordinary B shares of £ 0.50 each 49 49
100 100

9. Related party transactions

Transactions with entities in which the entity itself has a participating interest

2025 2024
£ £
At start of period 4,812 4,812
Advanced 0 0
Repaid 0 0
At end of period 4,812 4,812

The subsidiary company Danning & Symons (Barnstaple) Limited has an interest free loan from the company. The balance is stated net of provision for impairment of £390,000.

Transactions with the entity's directors

2025 2024
£ £
Mr D A Danning 0 0
Brought forward 438,173 389,726
Advances to director 165,042 187,793
Repayments by director (220,952) (147,442)
Carried forward 382,263 438,173
Mr D G Symons 0 0
Brought forward 104,254 70,953
Advances to director 86,099 72,997
Repayments by director (115,641) (39,696)
Carried forward 74,712 104,254

The directors have interest free loans from the company. The loan advanced to Mr D A Danning is held jointly with Mrs H M Danning.

Other related party transactions

2025 2024
£ £
At start of period 90,412 77,049
Advanced 40,363 53,059
Repaid (40,641) (39,696)
At end of period 90,134 90,412

Mrs H Y Symons (shareholder) has an interest free loan from the company.

10. Off Balance Sheet arrangements

The total amount of minimum rentals payable under non-cancellable operating leases is £1,038,333 (2024 - £1,108,333).

The total amount of future minimum rentals receivable under non-cancellable operating leases is £4,699,200 (2024 - £5,016,000).

11. Ultimate controlling party

Mr D A Danning.

The ultimate controlling party is D A Danning, director, and his immediate family, who own 51% of the issued share capital.