Taverner Holdings (Devon) Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 14551156 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Taverner Holdings (Devon) Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTORS:

W F Taverner

R J Taverner

Mrs H L Taverner

REGISTERED OFFICE:

Lower Brenton Farm

Kennford

Exeter

Devon

EX6 7YL

REGISTERED NUMBER:

14551156 (England and Wales)

ACCOUNTANTS:

Haines Watts

9 Western Road

Launceston

Cornwall

PL15 7AR

FIXED ASSETS

Investments

4

58

CURRENT ASSETS

Debtors

5

46,543

600

CREDITORS

Amounts falling due within one year

6

3,589

119

NET CURRENT ASSETS

42,954

481

TOTAL ASSETS LESS CURRENT LIABILITIES

43,012

539

CAPITAL AND RESERVES

Called up share capital

700

Retained earnings

42,312

(161

)

43,012

539

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 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 28 August 2025 and were signed on its behalf by:

W F Taverner - Director

R J Taverner - Director

Mrs H L Taverner - Director

1.	STATUTORY INFORMATION

Taverner Holdings (Devon) Ltd 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.

Preparation of consolidated financial statements

The financial statements contain information about Taverner Holdings (Devon) Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2024

and 31 December 2024

58

NET BOOK VALUE

At 31 December 2024

58

At 31 December 2023

58

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Amounts owed by group undertakings

46,093

-

Other debtors

450

600

46,543

600

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Bank loans and overdrafts

20

Trade creditors

1

Amounts owed to group undertakings

47

98

Other creditors

3,521

-

3,589

119

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 31 December 2024 and the period ended 31 December 2023:

31.12.24

31.12.23

£

W F Taverner

Balance outstanding at start of year

50

-

Amounts advanced

-

50

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

50

R J Taverner

Balance outstanding at start of year

200

-

Amounts advanced

-

200

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

200

Mrs H L Taverner

Balance outstanding at start of year

150

-

Amounts advanced

-

150

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

150

Directors loans are repayable on demand, with interest charged at HMRC official rate of interest.

8.	RELATED PARTY DISCLOSURES

During the year, total dividends of £72,940 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 (Devon) Ltd as 100% subsidiary, and Dadmore Dairy Ltd as 51% subsidiary.

Shareholders of The Grazing Cow (Devon) Ltd exchanged all of their shares in The Grazing Cow (Devon) Ltd for shares in the holding company, Taverner Holdings (Devon) Ltd, on 20 December 2022.

Taverner Holdings (Devon) Ltd owes £47 to The Grazing Cow (Devon) Ltd.

Taverner Holdings (Devon) Ltd owes £51 to Dadmore Dairy Ltd.

9.	ULTIMATE CONTROLLING PARTY

Mr R Taverner and Mrs H 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 Taverner Holdings (Devon) Ltd for the year ended 31 December 2024 which comprise the Statement of Income and Retained Earnings, 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 Taverner Holdings (Devon) Ltd, 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 Taverner Holdings (Devon) Ltd and state those matters that we have agreed to state to the Board of Directors of Taverner Holdings (Devon) Ltd, 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 Taverner Holdings (Devon) Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Taverner Holdings (Devon) Ltd 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 Taverner Holdings (Devon) Ltd. You consider that Taverner Holdings (Devon) Ltd 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 Taverner Holdings (Devon) Ltd. 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

28 August 2025