Dawnay Estates Limited 31/03/2025 iXBRL

Company registration number: 4521165

Dawnay Estates Limited

Unaudited financial statements

31 March 2025

Dawnay Estates Limited

Contents

Directors and other information

Directors report

Statement of comprehensive income

Statement of financial position

Statement of changes in equity

Notes to the financial statements

Dawnay Estates Limited

Directors and other information


	Directors	The Viscount Downe
		D K Steel


	Secretary	Mrs R M Hall


	Company number	4521165


	Registered office	The Estate Office
		Wykeham
		Scarborough
		North Yorkshire
		YO13 9QD


	Business address	The Estate Office
		Wykeham
		Scarborough
		North Yorkshire
		YO13 9QD




	Solicitors	Wrigleys
		3rd Floor
		3 Wellington Place
		Leeds
		West Yorkshire
		LS1 4AP

Dawnay Estates Limited

Directors report

Year ended 31 March 2025

The directors present their report and the unaudited financial statements of the company for the year ended 31 March 2025.

Directors

The directors who served the company during the year were as follows:

The Viscount Downe

D K Steel

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

This report was approved by the board of directors on 07 October 2025 and signed on behalf of the board by:

The Viscount Downe

Director

Dawnay Estates Limited

Statement of comprehensive income

Year ended 31 March 2025

		2025	2024
	Note	£	£


Turnover		264,910	275,985
Cost of sales		-	-
Administrative expenses		( 247,185)	( 258,225)
Other operating income		4,466	4,466
		_______	_______
Operating profit		22,191	22,226

Other interest receivable and similar income		6,415	5,676
Interest payable and similar expenses		( 325)	( 318)
Profit before taxation	4	28,281	27,584

Tax on profit		( 11,333)	( 13,877)
		_______	_______
Profit for the financial year and total comprehensive income		16,948	13,707
		_______	_______

All the activities of the company are from continuing operations.

Dawnay Estates Limited

Statement of financial position

31 March 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Tangible assets	5	1,028,165		1,068,576
		_______		_______
			1,028,165		1,068,576

Current assets
Debtors	6	32,680		32,525
Cash at bank and in hand		391,583		338,258
		_______		_______
		424,263		370,783
Creditors: amounts falling due
within one year	7	( 274,555)		( 266,540)
		_______		_______
Net current assets			149,708		104,243
			_______		_______
Total assets less current liabilities			1,177,873		1,172,819

Creditors: amounts falling due
after more than one year	8		( 959,470)		( 963,720)

Provisions for liabilities	9		( 96,147)		( 103,791)

			_______		_______
Net assets			122,256		105,308
			_______		_______

Capital and reserves
Called up share capital			100		100
Profit and loss account			122,156		105,208
			_______		_______
Shareholders funds			122,256		105,308
			_______		_______

For the year ending 31 March 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 financial statements for the year in question in accordance with section 476;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

These financial statements were approved by the board of directors and authorised for issue on 07 October 2025 , and are signed on behalf of the board by:

The Viscount Downe

Director

Company registration number: 4521165

Dawnay Estates Limited

Statement of changes in equity

Year ended 31 March 2025

	Called up share capital	Profit and loss account	Total
	£	£	£


At 1 April 2023	100	91,501	91,601

Profit for the year		13,707	13,707
	_______	_______	_______
Total comprehensive income for the year	-	13,707	13,707

	_______	_______	_______
At 31 March 2024 and 1 April 2024	100	105,208	105,308

Profit for the year		16,948	16,948
	_______	_______	_______
Total comprehensive income for the year	-	16,948	16,948

	_______	_______	_______
At 31 March 2025	100	122,156	122,256
	_______	_______	_______

Dawnay Estates Limited

Notes to the financial statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England. The address of the registered office is Dawnay Estates Limited, The Estate Office, Wykeham, Scarborough, North Yorkshire, YO13 9QD.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis.The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and is subsequently stated at cost less any accumulated depreciation and any accumulated impairment losses.Any tangible assets carried at revalued amounts is recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Long leasehold property	-	Straight line over the life of the lease

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Government grants

Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received.Government grants are recognised using the accrual model.Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4. Profit before taxation

Profit before taxation is stated after charging/(crediting):

	2025	2024
	£	£
Depreciation of tangible assets	53,010	52,161
	_______	_______

5. Tangible assets

	Long leasehold property	Plant and machinery	Total
	£	£	£
Cost
At 1 April 2024	1,966,843	3,420	1,970,263
Additions	-	12,600	12,600
	_______	_______	_______
At 31 March 2025	1,966,843	16,020	1,982,863
	_______	_______	_______
Depreciation
At 1 April 2024	901,460	228	901,688
Charge for the year	51,696	1,314	53,010
	_______	_______	_______
At 31 March 2025	953,156	1,542	954,698
	_______	_______	_______
Carrying amount
At 31 March 2025	1,013,687	14,478	1,028,165
	_______	_______	_______
At 31 March 2024	1,065,383	3,192	1,068,575
	_______	_______	_______

The development of leasehold properties was part funded by Government Grants (note 11).

Tangible assets held at valuation

FRS102 requires the company to value its fixed assets at fair value. The directors have considered this and are confident that the assets' fair value is higher than their book value. After careful consideration, the directors have decided that the inherent uncertainty in determining the value of these unique assets is such that to put changes to their fair value through the profit and loss account would not result in a true and fair reflection of the company's financial position.

6. Debtors

	2025	2024
	£	£
Trade debtors	28,113	30,925
Other debtors	4,567	1,600
	_______	_______
	32,680	32,525
	_______	_______

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	4,250	-
Trade creditors	20,774	26,848
Corporation tax	14,511	14,042
Social security and other taxes	9,814	6,834
Other creditors	225,206	218,816
	_______	_______
	274,555	266,540
	_______	_______

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	-	4,250
Other creditors	959,470	959,470
	_______	_______
	959,470	963,720
	_______	_______

The Trustees of the Wykeham Estate Settlement are party to a guarantee for the bank loans of £4,250 (2024: £4,250).

Included within creditors: amounts falling due after more than one year is an amount of £ 959,470 (2024 £ 959,470 ) in respect of liabilities payable or repayable otherwise than by instalments which fall due for payment after more than five years from the reporting date.

Wykeham Farms Ltd, Wykeham Trees Ltd and Wykeham Trustees Ltd have made those loans to the company on terms which are interest free and with no specific repayment date.

9. Provisions

	Government Grants	Deferred tax (note 10)	Total
	£	£	£
At 1 April 2024	89,325	14,466	103,791
Charges against provisions	-	( 3,178)	( 3,178)
Unused amounts reversed	( 4,466)	-	( 4,466)
	_______	_______	_______
At 31 March 2025	84,859	11,288	96,147
	_______	_______	_______

10. Deferred tax

The deferred tax included in the statement of financial position is as follows:

	2025	2024
	£	£
Included in provisions (note 9)	11,288	14,466
	_______	_______

The deferred tax account consists of the tax effect of timing differences in respect of:

	2025	2024
	£	£
Accelerated capital allowances	11,288	14,466
	_______	_______

11. Government grants

	2025	2024
	£	£
At start of year	89,325	93,792
Grants received or receivable	(-)	(-)
Released to the profit or loss	(4,466)	(4,466)
	_______	_______
At end of period	84,859	89,326
	_______	_______

The amounts recognised in the unaudited financial statements for government grants are as follows:

	2025	2024
	£	£
Recognised in other operating income:
Government grants recognised directly in income	4,466	4,466
	_______	_______

A government grant was awarded to assist with the development of this leasehold property and whilst the length of time the development was to last as a condition for making the grant has expired, the grant is recognised in income on a systematic basis over the remaining life of the lease.

12. Directors advances, credits and guarantees

	Balance brought forward and o/standing	Balance brought forward and o/standing
	2025	2024
	£	£
The Viscount Downe	213,000	213,000
	_______	_______

The Viscount Downe has lent the company £213,000 on terms which are interest free and repayment is on demand.

13. Related party transactions

During the year the company entered into the following transactions with related parties:

	Transaction value		Balance owed by/(owed to)
	2025	2024	2025	2024
	£	£	£	£
St Helen's in the Park Ltd - customer	480	480	144	-
The Wykeham Estate Settlement - customer	7,105	3,053	6,942	8,952
The Wykeham Estate Settlement - supplier	59,701	56,542	( 19,420)	( 19,204)
The Danby & Liverton Estate - customer	-	-	-	-
Wykeham Farms Ltd - amounts due after one year	-	-	(904,717)	(904,717)
Wykeham Trustees Ltd - amounts due after one year	-	-	(4,739)	(4,739)
Wykeham Trees Ltd - amounts due after one year	-	-	(50,013)	(50,013)
St Helen's in the Park - supplier	-	-	-	-
	_______	_______	_______	_______

The Trustees of the Wykeham Estate Settlement holds all the issued share capital in the company. During the year the Wykeham Estate Settlement was the landlord of the premises occupied by the company and provided goods and services.The company's head office is situated at the Estate Office in Wykeham. This is also the main office for a number of trusts and companies who are all related in some way.The company has transactions with the other parities in the normal course of business and these are described above.The Trustees of the Wykeham Estate Settlement are party to a guarantee for the bank loans of £4,250 (2024: £4,250). Wykeham Trees Ltd is wholly owned by the Trustees of the Wykeham Estate Settlement.

14. Controlling party

The Viscount Downe has a controlling interest in the company by virtue of his Trusteeship of the Wykeham Estate Settlement; a Trust that holds the company's shares.