Registration number: 00522888

L.G. Dawson Limited

Contents

Balance Sheet	1 to 2
Notes to the Unaudited Financial Statements	3 to 8

L.G. Dawson Limited

(Registration number: 00522888)
Balance Sheet as at 5 April 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	7,742,057	7,871,091
Shares in group undertakings and participating interests	5	1	1
Other investments	6	5	5
Partnership interest		472,705	543,841
		8,214,768	8,414,938
Current assets
Stocks		667,653	836,705
Debtors	7	916,802	868,625
Cash at bank and in hand		359,284	241,897
		1,943,739	1,947,227
Creditors: Amounts falling due within one year	8	(433,206)	(622,509)
Net current assets		1,510,533	1,324,718
Total assets less current liabilities		9,725,301	9,739,656
Creditors: Amounts falling due after more than one year	8	(3,196,786)	(3,175,637)
Provisions for liabilities: deferred tax		(113,579)	(50,323)
Net assets		6,414,936	6,513,696
Capital and reserves
Called up share capital	9	10,000	10,000
Retained earnings		6,404,936	6,503,696
Shareholders' funds		6,414,936	6,513,696

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.

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.

L.G. Dawson Limited

(Registration number: 00522888)
Balance Sheet as at 5 April 2025

Approved and authorised by the Board on 10 December 2025 and signed on its behalf by:
 

......................................... M N Dawson Director

......................................... C W Dawson Company secretary and director

L.G. Dawson Limited

Notes to the Unaudited 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.

The address of its registered office is:
Grainthorpe House
Grainthorpe
Louth
Lincs
LN11 7JW

These financial statements were authorised for issue by the Board on 10 December 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.

The financial statements cover the individual entity, have been prepared in sterling and are rounded to the nearest pound.

Group accounts not prepared

As the company is subject to the small companies regime, group accounts have not been prepared.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and 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.

Government grants

Basic payment scheme is received in respect of calendar years. Receipt in contingent upon meeting certain cross compliance rules throughout the scheme year. Once the criteria has been met the income is recognised.

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.

L.G. Dawson Limited

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

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous accounting periods. It is recognised in respect of all timing differences, with certain exceptions. 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 expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

Tangible assets

Tangible assets are stated in the statement of financial position 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
Freehold land	No depreciation
Capital improvements and farm buildings	15 year straight line
Implements and machinery	20% per annum of net book value
Tractors, combines and motor vehicles	20% per annum of net book value

Stocks

The farm valuation is prepared by professional agents at the lower of cost and net realisable value.

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.

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.

Dividends

Dividend distribution to the Company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

L.G. Dawson Limited

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

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

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.

3	Staff numbers

The average number of persons employed by the Company (including Directors) during the year, was 15 (2024 - 15).

4	Tangible assets

	Freehold land and buildings £	Plant and machinery £	Tractors, combines and vehicles £	Total £
Cost or valuation
At 6 April 2024	8,042,940	258,241	1,841,043	10,142,224
Additions	-	16,400	101,750	118,150
Disposals	-	-	(15,000)	(15,000)
At 5 April 2025	8,042,940	274,641	1,927,793	10,245,374
Depreciation
At 6 April 2024	1,181,046	213,152	876,935	2,271,133
Charge for the year	19,091	12,247	200,846	232,184
At 5 April 2025	1,200,137	225,399	1,077,781	2,503,317
Carrying amount
At 5 April 2025	6,842,803	49,242	850,012	7,742,057
At 5 April 2024	6,861,894	45,089	964,108	7,871,091

5	Investments

	2025 £	2024 £
Investments in subsidiaries	1	1