REGISTERED NUMBER: 14551857 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Dadmore Dairy Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTORS:

W F Taverner

Mrs H L Taverner

R J Taverner

REGISTERED OFFICE:

Lower Brenton Farm

Kennford

Exeter

Devon

EX6 7YL

REGISTERED NUMBER:

14551857 (England and Wales)

ACCOUNTANTS:

Haines Watts

9 Western Road

Launceston

Cornwall

PL15 7AR

FIXED ASSETS

Tangible assets

4

134,211

-

Herd basis

5

675,950

556,450

810,161

556,450

CURRENT ASSETS

Stocks

16,454

2,745

Debtors

6

12,934

59,934

Cash at bank

-

267

29,388

62,946

CREDITORS

Amounts falling due within one year

7

375,032

397,546

NET CURRENT LIABILITIES

(345,644

)

(334,600

)

TOTAL ASSETS LESS CURRENT LIABILITIES

464,517

221,850

PROVISIONS FOR LIABILITIES

33,552

-

NET ASSETS

430,965

221,850

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

430,865

221,750

430,965

221,850

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 2 September 2025 and were signed on its behalf by:

W F Taverner - Director

R J Taverner - Director

Mrs H L Taverner - Director

1.	STATUTORY INFORMATION

Dadmore Dairy 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.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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. The financial statements have been prepared under the historical cost convention.

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

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

20% on reducing balance

Stocks

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

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - NIL ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

Additions

167,763

At 31 December 2024

167,763

DEPRECIATION

Charge for year

33,552

At 31 December 2024

33,552

NET BOOK VALUE

At 31 December 2024

134,211

5.	HERD BASIS

Dairy

herd

basis

£

COST

At 1 January 2024

556,450

Additions

119,500

At 31 December 2024

675,950

NET BOOK VALUE

At 31 December 2024

675,950

At 31 December 2023

556,450

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

-

45,975

Other debtors

12,934

13,959

12,934

59,934

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

90,337

-

Trade creditors

105,053

18,437

Amounts owed to group undertakings

70,561

-

Taxation and social security

68,931

67,604

Other creditors

40,150

311,505

375,032

397,546

8.	RELATED PARTY DISCLOSURES

During the year, total dividends of £44,344 were paid to the directors .

Taverner Holdings (Devon) Ltd was incorporated on 20 December 2022. It is a holding company, which formed a group incorporating The Grazing Cow Ltd as 100% owned subsidiary and Dadmore Dairy Limited as 51% owned subsidiary.

Dadmore Dairy Limited owes Taverner Holdings (Devon) Ltd £70,561 as at 31 December 2024 (2023 Taverner Holdings (Devon) Ltd owed £51 to Dadmore Dairy Limited).

Dadmore Dairy Limited owes The Grazing Cow (Devon) Limited £2,280 (2023 £0) as at 31 December 2024

During the year, Dadmore Dairy Limited had sales to Taverner Partners, of which the directors are partners, amounting to £260,000 (2023 £5,000) and purchases from Taverner Partners amounting to £478,254 (2023 £783,938). At the end of the year, Dadmore Dairy Limited owed Taverner Partners £2,954 (2023 £309,396).

9.	ULTIMATE CONTROLLING PARTY

Mr R Taverner, Mrs H Taverner and Mr W Taverner, by virtue of their shareholding and directorship, controls the company.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Dadmore Dairy Limited for the year ended 31 December 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Dadmore Dairy Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Dadmore Dairy Limited and state those matters that we have agreed to state to the Board of Directors of Dadmore Dairy Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Dadmore Dairy Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Dadmore Dairy Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Dadmore Dairy Limited. You consider that Dadmore Dairy Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Dadmore Dairy Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Haines Watts

9 Western Road

Launceston

Cornwall

PL15 7AR

2 September 2025