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REGISTERED NUMBER: 00407435 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

G.W. Daniels and Son Limited

G.W. Daniels and Son Limited (Registered number: 00407435)

Contents of the Financial Statements

for the Year Ended 31 March 2025

Page |

Balance Sheet | 1 |

Notes to the Financial Statements | 3 |

G.W. Daniels and Son Limited (Registered number: 00407435)

Balance Sheet

31 March 2025

2025 | 2024 |

| Notes | £ | £

Fixed assets

Tangible assets | 5 | 15,264,891 |  | 15,253,493 |  |

Investments | 6 | 50 |  | 50 |  |

15,264,941 |  | 15,253,543 |  |

Current assets

Stocks | 326,263 |  | 337,897 |  |

Debtors | 7 | 85,053 |  | 99,990 |  |

Cash in hand | 628,728 |  | 499,405 |  |

1,040,044 |  | 937,292 |  |

Creditors

Amounts falling due within one year | 8 | (301,926 | ) | (306,345 | ) |

Net current assets | 738,118 |  | 630,947 |  |

Total assets less current liabilities | 16,003,059 |  | 15,884,490 |  |

Creditors

Amounts falling due after more than one year | 9 | (388,911 | ) | (408,285 | ) |

Provisions for liabilities | (2,094,280 | ) | (2,225,278 | ) |

Net assets | 13,519,868 |  | 13,250,927 |  |

G.W. Daniels and Son Limited (Registered number: 00407435)

Balance Sheet - continued

31 March 2025

2025 | 2024 |

| Notes | £ | £

Capital and reserves

Called up share capital | 22,910 |  | 22,910 |  |

Share premium | 20,000 |  | 20,000 |  |

Revaluation reserve | 11 | 10,687,787 |  | 10,687,787 |  |

Capital redemption reserve | 20,619 |  | 20,619 |  |

Other reserves | 5,000 |  | 5,000 |  |

Retained earnings | 2,763,552 |  | 2,494,611 |  |

13,519,868 |  | 13,250,927 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 September 2025 and were signed on its behalf by:

Mr S G Daniels - Director

Mrs F Daniels - Director

G.W. Daniels and Son Limited (Registered number: 00407435)

Notes to the Financial Statements

for the Year Ended 31 March 2025

1. | Statutory information

| G.W. Daniels and Son Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

| Registered number: | 00407435

| Registered office: | Home Farm

| Hemsby

| Great Yarmouth

| Norfolk

| NR29 4LE

2. | Statement of compliance

| 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.

3. | Accounting policies

| Basis of preparing the financial statements

| The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

| The financial statements are prepared in sterling, which is the functional currency of the entity.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| Tangible fixed assets

| Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

| An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

| Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Freehold land and buildings - 2% and 5% Reducing balance

| Plant and machinery - 20% and 25% Reducing balance

G.W. Daniels and Son Limited (Registered number: 00407435)

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

3. | Accounting policies - continued

| Stocks

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

| Financial instruments

| The company classifies its financial instruments in the following categories: measured at amortised cost; and measured at fair value through profit and loss. The classification is determined at initial recognition and depends on the purpose for which the financial instruments are required.

| Measured at amortised cost includes non-derivative financial assets and liabilities with fixed or determinable payments that are not quoted in an active market. Financial assets are included in current assets, except where the maturity date is more than 12 months after the end of the reporting period. They are initially recorded at fair value and subsequently recorded at amortised cost. Financial liabilities are included in current liabilities, except where the maturity date is more than 12 months after the end of the reporting period. They are initially measured at original cost, less amortisation or provisions raised.

| Measured at fair value through profit and loss includes financial assets and liabilities. They are classified according to maturity date, within current and non-current assets and liabilities respectively.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

4. | Employees and directors

| The average number of employees during the year was 5 (2024 - 6 ) .

G.W. Daniels and Son Limited (Registered number: 00407435)

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

5. | Tangible fixed assets

Freehold | Plant and |

property | machinery | Totals |

| £ | £ | £

| Cost

| At 1 April 2024 | 15,294,185 |  | 416,111 |  | 15,710,296 |  |

| Additions | 22,497 |  | - |  | 22,497 |  |

| Disposals | - |  | (226,225 | ) | (226,225 | ) |

| At 31 March 2025 | 15,316,682 |  | 189,886 |  | 15,506,568 |  |

| Depreciation

| At 1 April 2024 | 75,445 |  | 381,358 |  | 456,803 |  |

| Charge for year | 2,096 |  | 8,583 |  | 10,679 |  |

| Eliminated on disposal | - |  | (225,805 | ) | (225,805 | ) |

| At 31 March 2025 | 77,541 |  | 164,136 |  | 241,677 |  |

| Net book value

| At 31 March 2025 | 15,239,141 |  | 25,750 |  | 15,264,891 |  |

| At 31 March 2024 | 15,218,740 |  | 34,753 |  | 15,253,493 |  |

| Freehold land and buildings are held at valuation. An independent valuer noted the value of freehold land and buildings on 31 March 2020. The directors consider this valuation appropriate at 31 March 2025.

6. | Fixed asset investments

Other |

investments |

| £

| Cost

| At 1 April 2024

| and 31 March 2025 | 50 |  |

| Net book value

| At 31 March 2025 | 50 |  |

| At 31 March 2024 | 50 |  |

G.W. Daniels and Son Limited (Registered number: 00407435)

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

7. | Debtors: amounts falling due within one year |

2025 | 2024 |

| £ | £

| Trade debtors | 52,849 |  | 69,309 |  |

| Other debtors | 32,204 |  | 30,681 |  |

85,053 |  | 99,990 |  |

8. | Creditors: amounts falling due within one year |

2025 | 2024 |

| £ | £

| Bank loans and overdrafts | 35,092 |  | 37,411 |  |

| Trade creditors | 53,763 |  | 112,205 |  |

| Taxation and social security | 44,574 |  | 7,142 |  |

| Other creditors | 168,497 |  | 149,587 |  |

301,926 |  | 306,345 |  |

9. | Creditors: amounts falling due after more than one year |

2025 | 2024 |

| £ | £

| Bank loans | 388,911 |  | 408,285 |  |

| Amounts falling due in more than five years:

| Repayable by instalments

| Bank loans more than 5 years | 233,390 |  | 254,860 |  |

10. | Secured debts

| The bank loans are secured over the freehold property of the company.

11. | Reserves

Revaluation |

reserve |

| £

| At 1 April 2024

| and 31 March 2025 | 10,687,787 |  |

| Profit and loss account - This reserve records distributable retained earnings and accumulated losses.