Registration number: 14044791

Duncan & Daughters Limited

Contents

Abridged Balance Sheet	1 to 2
Notes to the Unaudited Abridged Financial Statements	3 to 5

Duncan & Daughters Limited

(Registration number: 14044791)
Abridged Balance Sheet as at 5 April 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	344,898	335,842
Other financial assets	5	450,741	426,418
		795,639	762,260
Current assets
Debtors		84,414	21,678
Cash at bank and in hand		13,051	8,990
		97,465	30,668
Creditors: Amounts falling due within one year		(216,400)	(401,225)
Net current liabilities		(118,935)	(370,557)
Total assets less current liabilities		676,704	391,703
Provisions for liabilities		-	(6,362)
Net assets		676,704	385,341
Capital and reserves
Called up share capital		100	100
Profit and loss account		676,604	385,241
Total equity		676,704	385,341

Duncan & Daughters Limited

(Registration number: 14044791)
Abridged Balance Sheet as at 5 April 2025

For the financial year ending 5 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

	The members have not required the company to obtain an audit of its accounts for the year 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 prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

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 Profit and Loss Account has been taken.

All of the Company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the Board on 8 September 2025 and signed on its behalf by:
 

H Duncan

Director

RB Duncan

Director

Duncan & Daughters Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 5 April 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Calyx House
South Road
Taunton
Somerset
TA1 3DU

These financial statements were authorised for issue by the Board on 8 September 2025.

2	Accounting policies

Statement of compliance

These abridged 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' and the Companies Act 2006.

Basis of preparation

These abridged 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.

Revenue recognition

Turnover comprises the interest and dividends received from investments. The company recognises revenue when the amount of revenue can be reliably measured, it is probable the future economic benefits will flow into the entity, and specific criteria have been met for each of the company activities.

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 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 is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

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
Fixtures and Fittings	25% straight line

Duncan & Daughters Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 5 April 2025

Investments

Investments in equity shares where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in the profit or loss account. Investments in equity shares where fair value cannot be measured reliably are measured at cost less impairment. The fair value used for listed equity shares and bonds is the closing market prices at the balance sheet date.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2024 - 3).

Duncan & Daughters Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 5 April 2025

4	Tangible assets

	Total £
Cost or valuation
At 6 April 2024	337,509
Additions	12,422
At 5 April 2025	349,931
Depreciation
At 6 April 2024	1,667
Charge for the year	3,366
At 5 April 2025	5,033
Carrying amount
At 5 April 2025	344,898
At 5 April 2024	335,842

5	Other financial assets (current and non-current)

	Total £
Non-current financial assets
Cost or valuation
At 6 April 2024	426,418
Fair value adjustments	(18,207)
Additions	52,728
Disposals	(10,198)
At 5 April 2025	450,741
Carrying amount
At 5 April 2025	450,741

6	Related party transactions

Advances to directors

H Duncan During the period H Duncan went overdrawn on their director's loan account. The maximum overdrawn balance during the year was £83,886 (2024 - £32,000). At the year end the amount outstanding from H Duncan was £83,886 (2024 - £). Interest has been charged at the commercial rate.