REGISTERED NUMBER: 02451328 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JANUARY 2025

FOR

DUNNING FARMS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J P Dunning

REGISTERED OFFICE:

Staddlestones Farm

Penton Mewsey

Andover

SP11 0RQ

REGISTERED NUMBER:

02451328 (England and Wales)

ACCOUNTANTS:

Martin and Company

25 St Thomas Street

Winchester

Hampshire

SO23 9HJ

FIXED ASSETS

Tangible assets

4

2,916

4,849

CURRENT ASSETS

Stocks

151,984

163,515

Debtors

5

91,586

123,932

Cash at bank

213,528

127,549

457,098

414,996

CREDITORS

Amounts falling due within one year

6

194,707

152,257

NET CURRENT ASSETS

262,391

262,739

TOTAL ASSETS LESS CURRENT LIABILITIES

265,307

267,588

PROVISIONS FOR LIABILITIES

729

1,212

NET ASSETS

264,578

266,376

CAPITAL AND RESERVES

Called up share capital

7

95

95

Retained earnings

8

264,483

266,281

SHAREHOLDERS' FUNDS

264,578

266,376

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 2nd October 2025 and were signed by:

J P Dunning - Director

1.	STATUTORY INFORMATION

Dunning Farms 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.

Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:

Property improvements - 5% straight line

Plant and machinery - 20% straight line

Motor vehicles - 20% straight line

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 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 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st February 2024

and 31st January 2025

31,127

DEPRECIATION

At 1st February 2024

26,278

Charge for year

1,933

At 31st January 2025

28,211

NET BOOK VALUE

At 31st January 2025

2,916

At 31st January 2024

4,849

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

10,470

103,344

Other debtors

81,116

20,588

91,586

123,932

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

8,211

101,298

Taxation and social security

48,317

43,112

Other creditors

138,179

7,847

194,707

152,257

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

55

A Ordinary

£1

55

55

35

B Ordinary

£1

35

35

5

C Ordinary

£1

5

5

95

95

8.

RESERVES

Retained

earnings

£

At 1st February 2024

266,281

Profit for the year

85,202

Dividends

(87,000

)

At 31st January 2025

264,483