Registration number: 05684750

Danum Farming Limited

(Registration number: 05684750)

Balance Sheet as at 30 June 2025

	Note	2025 £	2023 £
Fixed assets
Tangible assets	3	273,035	991,680
Current assets
Debtors	4	121,282	5,408
Investments		1	1
Cash at bank and in hand		226,880	135,420
		348,163	140,829
Creditors: Amounts falling due within one year	5	(62,891)	(20,268)
Net current assets		285,272	120,561
Total assets less current liabilities		558,307	1,112,241
Provisions for liabilities		(68,259)	(247,920)
Net assets		490,048	864,321
Capital and reserves
Called up share capital		20,000	20,000
Retained earnings		470,048	844,321
Shareholders' funds		490,048	864,321

For the financial period ending 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Directors' Report and the Profit and Loss Account has been taken.

Danum Farming Limited

(Registration number: 05684750)

Balance Sheet as at 30 June 2025 (continued)

These financial statements, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A Small Entities, were approved and authorised for issue by the Board on 1 October 2025 and signed on its behalf by:
 

.........................................

Mr R A Smith

Director

.........................................

Mr T E Morrell

Director

Danum Farming Limited

Notes to the Financial Statements for the Period from 1 January 2024 to 30 June 2025

1	Accounting policies

Statutory information

Danum Farming Limited is a private company, limited by shares, domiciled in England and Wales, company number 05684750. The registered office is at Hill Farm, Brodsworth, , Doncaster, DN5 7XH.

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These financial statements were prepared in accordance with Financial Reporting Standard 102 - Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value. The presentation currency is United Kingdom pounds sterling, which is the functional currency of the company. The financial statements are those of an individual entity.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax shall be recognised in respect of all timing differences at the reporting date, except as otherwise required by FRS102. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that 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 income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Unrelieved tax losses and other deferred tax assets shall be 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.

Danum Farming Limited

Notes to the Financial Statements for the Period from 1 January 2024 to 30 June 2025 (continued)

1	Accounting policies (continued)

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Office equipment	25% straight line
Plant & equipment	15% straight line

Provisions

A provision is recognised when there is a legal or constructive obligation as a result of a past event and it is probable that an outflow of economic benefits will be required to settle the obligation.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the Balance Sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the Profit and Loss Account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Defined contribution pension obligation

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Danum Farming Limited

Notes to the Financial Statements for the Period from 1 January 2024 to 30 June 2025 (continued)

1	Accounting policies (continued)

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the statement of comprehensive income.
 

2	Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2 (2023 - 5).

3	Tangible assets

	Plant and machinery £	Total £
Cost or valuation
At 1 January 2024	1,592,530	1,592,530
Disposals	(893,621)	(893,621)
At 30 June 2025	698,909	698,909
Depreciation
At 1 January 2024	600,850	600,850
Charge for the period	148,015	148,015
Eliminated on disposal	(322,991)	(322,991)
At 30 June 2025	425,874	425,874
Carrying amount
At 30 June 2025	273,035	273,035
At 31 December 2023	991,680	991,680

As part of a group reorganisation, the company transferred part of its trade together with certain assets to its fellow group company Morrell Farming Ltd on 25 June 2025. The company was subsequently demerged by way of a capital reduction demerger on 25 June 2025.

Danum Farming Limited

Notes to the Financial Statements for the Period from 1 January 2024 to 30 June 2025 (continued)

4

Debtors

Current	2025 £	2023 £
Trade debtors	120,000	-
Prepayments	-	4,255
Other debtors	1,282	1,153
	121,282	5,408

5

Creditors

	2025 £	2023 £
Due within one year
Taxation and social security	54,891	7,262
Accruals and deferred income	8,000	13,006
	62,891	20,268

Obligations under finance leases liabilities are secured against the items of plant and machinery to which they relate.