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Registration number: 10407291

Dartmoor Trading Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 March 2025

Dartmoor Trading Limited

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 7

Dartmoor Trading Limited

Company Information

Directors | Andrew Barnes Suzanne Lucy Barnes

Registered office | Tetherstone Green Lane Ilsington Newton Abbot TQ13 9RB

Accountants | ReesRussell LLP Chartered Accountants37 Market Square Witney Oxfordshire OX28 6RE

Dartmoor Trading Limited

(Registration number: 10407291)
Balance Sheet as at 31 March 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 5 | 523 | 4,673
Current assets |  |  |
Cash at bank and in hand |  | 420,744 | 463,941
Total assets less current liabilities |  | 421,267 | 468,614
Creditors: Amounts falling due after more than one year | 6 | (4,956,005) | (5,083,067)
Net liabilities |  | (4,534,738) | (4,614,453)
Capital and reserves |  |  |
Called up share capital |  | 1,000 | 1,000
Retained earnings |  | (4,535,738) | (4,615,453)
Shareholders' deficit |  | (4,534,738) | (4,614,453)

For the financial 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 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 17 November 2025 and signed on its behalf by:

......................................... Andrew Barnes Director

Dartmoor Trading Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 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:
Tetherstone Green Lane
Ilsington
Newton Abbot
TQ13 9RB

These financial statements were authorised for issue by the Board on 17 November 2025.

2 | Accounting policies

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 have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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.

Going concern

Revenue recognition

Revenue recognition is based upon realised gains on daily market activity being shown as turnover whereas realised losses on daily market activity are shown as a cost of sale.

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.

Dartmoor Trading Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

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
Computer equipment | 50% straight line
Office equipment | 33% straight line
Furniture & fittings | 20% straight line

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class | Amortisation method and rate
Trading system platform | 20% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

Dartmoor Trading Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4 | Intangible assets

| Trading platform £
Cost or valuation
At 1 April 2024 | 4,057,275
At 31 March 2025 | 4,057,275
Amortisation
At 1 April 2024 | 4,057,275
At 31 March 2025 | 4,057,275
Carrying amount
At 31 March 2025 | -

5 | Tangible assets

| Furniture, fittings and equipment £ | Computer equipment £ | Total £
Cost or valuation
At 1 April 2024 | 25,807 | 7,906 | 33,713
Additions | - | 1,046 | 1,046
At 31 March 2025 | 25,807 | 8,952 | 34,759
Depreciation
At 1 April 2024 | 21,134 | 7,906 | 29,040
Charge for the year | 4,673 | 523 | 5,196
At 31 March 2025 | 25,807 | 8,429 | 34,236
Carrying amount
At 31 March 2025 | - | 523 | 523
At 31 March 2024 | 4,673 | - | 4,673

Dartmoor Trading Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

6 | Creditors

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 7 | 4,956,005 | 5,083,067

Dartmoor Trading Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

7 | Loans and borrowings

Non-current loans and borrowings

| 2025 £ | 2024 £
Other borrowings | 4,956,005 | 5,083,067

Nature of borrowing | 2025 £
Repayable on notice | 49,034
Repayable within five years | 849,696
Non interest bearing | 4,057,275
| 4,956,005

Terms
Repayable on notice
Loans repayable on notice attract interest at 15% above bank base rate unless RPI becomes more than 4% above bank base rate at which point interest is charged at 15% above RPI. Loans are subject to one year's notice and are unsecured
Repayable within five years
Loans repayable within five years have a maturity date of 19 February 2027. Interest is charged at 14% above bank base rate unless RPI becomes more than 4% above bank base rate at which point interest is charged at 14% above RPI. Loans are unsecured.
Non-interest bearing loan
The non-interest bearing loan is repayable on demand. The loan is unsecured.