| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31st March 2025 |
| for |
| A Dawson and Company (Estates) Limited |
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31st March 2025 |
| for |
| A Dawson and Company (Estates) Limited |
| A Dawson and Company (Estates) Limited (Registered number: 00383119) |
| Contents of the Financial Statements |
| for the year ended 31st March 2025 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| A Dawson and Company (Estates) Limited |
| Company Information |
| for the year ended 31st March 2025 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Regent's Court |
| Princess Street |
| Hull |
| East Yorkshire |
| HU2 8BA |
| A Dawson and Company (Estates) Limited (Registered number: 00383119) |
| Balance Sheet |
| 31st March 2025 |
| 2025 | 2024 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 4 |
| Tangible assets | 5 |
| Investments | 6 |
| Investment property | 7 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 8 |
| Investments | 9 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 10 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
11 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Revaluation reserve |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| The directors acknowledge their 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. |
| A Dawson and Company (Estates) Limited (Registered number: 00383119) |
| Balance Sheet - continued |
| 31st March 2025 |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| A Dawson and Company (Estates) Limited (Registered number: 00383119) |
| Notes to the Financial Statements |
| for the year ended 31st March 2025 |
| 1. | STATUTORY INFORMATION |
| A Dawson and Company (Estates) Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Preparation of consolidated financial statements |
| The financial statements contain information about A Dawson and Company (Estates) Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements. |
| Turnover |
| Turnover represents sales during the year, including appropriate government grants and rents receivable, excluding value added tax. Turnover is recognised when the economic risks and rewards pass to third parties. |
| Intangible assets |
| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. |
| Basic Payment Scheme entitlements are initially recognised at cost and are amortised on a straight line basis over their expected useful life. The Basic Payment Scheme commenced in January 2015 and the cessation (calendar) year was 2023. Basic Payment Scheme was replaced with delinked payments in 2024 which will be paid each year from 2024 to 2027. |
| Entitlements acquired via the ownership of existing land, and therefore have no cost, have been revalued to fair value on transition to FRS 102 and are being amortised over their expected useful life, in accordance with the above period of benefit expected from the Basic Payment Scheme. |
| Provision is made for any impairment. |
| Fixed assets |
| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |
| Freehold property | 5% on reducing balance |
| Improvements to property | 15% on reducing balance |
| Plant and machinery | 6% - 25% on reducing balance/5% on cost |
| Freehold land is not depreciated. |
| Prior to the transition to FRS 102 the breeding herd were held as a fixed asset. They are now treated as biological assets and have accordingly been accounted for in stock. |
| The following herd basis treatment is still used for tax purposes. The breeding herd is stated at the cost of the original animals entering the herd. Replacement animals are disregarded where there is no improvement in quality on the basis that there is no increase to the overall size of the herd. Additional animals entering the herd are stated at cost. Animals disposed of which are not replaced are taken out of the herd at average cost. The herd is not depreciated on the basis that it is continually replaced. |
| A Dawson and Company (Estates) Limited (Registered number: 00383119) |
| Notes to the Financial Statements - continued |
| for the year ended 31st March 2025 |
| 2. | ACCOUNTING POLICIES - continued |
| Investment property |
| Investment properties are revalued annually at open market value with the aggregate revaluation surplus or deficit being transferred directly to the profit and loss. No depreciation is provided in respect of the investment properties. |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
| Stocks are valued under the cost model in accordance with Section 34 of FRS 102 using the lower of cost and estimated selling price less costs to complete and sell method. Cost is determined using the first-in, first-out (FIFO) method and represents costs incurred to date to bring growing crops and finished produce to its current state. |
| Livestock in stock, which comprises of cattle only, are valued under the cost model in accordance with Section 34 of FRS 102, using the lower of cost and estimated selling price less costs to complete and sell method. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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. |
| Hire purchase and leasing commitments |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
| Assets held under finance leases, which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet and are depreciated over the shorter of the lease term and the asset's useful lives. A corresponding liability is recognised for the lower of the fair value of the leased asset and the present value of the minimum lease payments in the balance sheet. Lease payments are apportioned between the reduction of the lease liability and finance charges in the income statement so as to achieve a constant rate of interest on the remaining balance of the liability. |
| Government grants |
| Amounts receivable under the Common Agricultural Policy subsidy schemes are recognised as income in the profit and loss account when the eligibility criteria have been satisfied at the end of the scheme year. |
| A Dawson and Company (Estates) Limited (Registered number: 00383119) |
| Notes to the Financial Statements - continued |
| for the year ended 31st March 2025 |
| 2. | ACCOUNTING POLICIES - continued |
| Investments |
| Investments are measured at fair value, with changes in fair value recognised in the profit and loss account, if the shares are publicly traded or if the fair value can otherwise be measured reliably. When it is not possible to measure fair value reliably, these investments shall instead be measured at cost less impairment. |
| Current asset investments include cash equivalents which have a maturity of less than one year. They are initially measured at cost and subsequently re-measured at their fair value with the gain or loss being recognised in the profit and loss account. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | INTANGIBLE FIXED ASSETS |
| Other |
| intangible |
| assets |
| £ |
| COST |
| At 1st April 2024 |
| and 31st March 2025 |
| AMORTISATION |
| At 1st April 2024 |
| and 31st March 2025 |
| NET BOOK VALUE |
| At 31st March 2025 |
| At 31st March 2024 |
| 5. | TANGIBLE FIXED ASSETS |
| Improvements |
| Freehold | to | Plant and |
| property | property | machinery | Totals |
| £ | £ | £ | £ |
| COST |
| At 1st April 2024 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 31st March 2025 |
| DEPRECIATION |
| At 1st April 2024 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 31st March 2025 |
| NET BOOK VALUE |
| At 31st March 2025 |
| At 31st March 2024 |
| A Dawson and Company (Estates) Limited (Registered number: 00383119) |
| Notes to the Financial Statements - continued |
| for the year ended 31st March 2025 |
| 6. | FIXED ASSET INVESTMENTS |
| Listed | Unlisted |
| Investments | Investments | Total |
| £ | £ | £ |
| Cost |
| At 1 April 2024 | 265,773 | 115 | 265,888 |
| Additions | 14,326 | - | 14,326 |
| Disposals | (14,135 | ) | - | (14,135 | ) |
| Market Value adjustment | (882 | ) | - | (882 | ) |
| At 31 March 2025 | 265,082 | 115 | 265,197 |
| 7. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1st April 2024 |
| Additions |
| Revaluations | (6,379 | ) |
| At 31st March 2025 |
| NET BOOK VALUE |
| At 31st March 2025 |
| At 31st March 2024 |
| The investment properties were valued at their open market value on 31 March 2025 by the directors. |
| Fair value at 31st March 2025 is represented by: |
| £ |
| Cost | 184,246 |
| Revaluation in 2003 | 664,525 |
| Revaluation in 2006 | 249,814 |
| Revaluation in 2007 | 20,500 |
| Revaluation in 2009 | 155,915 |
| Revaluation in 2014 | 95,000 |
| Revaluation in 2017 | 41,150 |
| Revaluation in 2020 | 70,600 |
| Additions in 2021 | 12,574 |
| Revaluation in 2022 | 230,950 |
| Additions in 2022 | 349,726 |
| Revaluation in 2023 | (53,687 | ) |
| Additions in 2023 | 203,687 |
| Additions in 2024 | 34,918 |
| Revaluation in 2024 | (34,918 | ) |
| Additions in 2025 | 6,379 |
| Revaluation in 2025 | (6,379 | ) |
| 2,225,000 |
| A Dawson and Company (Estates) Limited (Registered number: 00383119) |
| Notes to the Financial Statements - continued |
| for the year ended 31st March 2025 |
| 8. | DEBTORS |
| 2025 | 2024 |
| £ | £ |
| Amounts falling due within one year: |
| Trade debtors |
| Other debtors |
| Amounts falling due after more than one year: |
| Other debtors |
| Aggregate amounts |
| 9. | CURRENT ASSET INVESTMENTS |
| 2025 | 2024 |
| £ | £ |
| Cash equivalent current |
| investment |
| 10. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Hire purchase contracts |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 11. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Hire purchase contracts |
| Other creditors |