REGISTERED NUMBER: 03317264 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

DUNLOSSIT (FARMING) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

L K E Schroder

A G R Windham

M D Pintus

G E W Blakeney

SECRETARY:

L K E Schroder

REGISTERED OFFICE:

12 Stanhope Gate

London

London

W1K 1AW

REGISTERED NUMBER:

03317264 (England and Wales)

ACCOUNTANTS:

Mitchell Edwards

Chartered Certified Accountants

24A Ainslie Place

Edinburgh

EH3 6AJ

SOLICITORS:

Turcan Connell

Princes Exchange

1 Earl Gray Street

Edinburgh

EH3 9EE

FIXED ASSETS

Intangible assets

4

34,170

12,868

Tangible assets

5

1,278,038

1,301,737

Investments

6

7,550

7,550

1,319,758

1,322,155

CURRENT ASSETS

Stocks

787,346

713,345

Debtors

7

64,730

56,695

Cash at bank

114,569

72,777

966,645

842,817

CREDITORS

Amounts falling due within one year

8

703,807

514,331

NET CURRENT ASSETS

262,838

328,486

TOTAL ASSETS LESS CURRENT LIABILITIES

1,582,596

1,650,641

PROVISIONS FOR LIABILITIES

13,667

20,528

NET ASSETS

1,568,929

1,630,113

CAPITAL AND RESERVES

Called up share capital

900,002

900,002

Share premium

900,001

900,001

Retained earnings

(231,074

)

(169,890

)

SHAREHOLDERS' FUNDS

1,568,929

1,630,113

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 November 2025 and were signed on its behalf by:

A G R Windham - Director

L K E Schroder - Director

1.	STATUTORY INFORMATION

Dunlossit (Farming) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£), rounded to the nearest £.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents income earned from ordinary activities during the year, net of trade discounts, other sales taxes and value added tax.

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.

The company registered woodlands under the Carbon Credit Code. The sale of Pending Issuance Units are recognised as gains in the Income Statement in the period in which they are sold after deducting the costs associated with the scheme.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Land and woodlands

- Nil

Buildings and property improvements

- at varying rates on cost

Plant and machinery

- 10% on reducing balance

Government grants

Grants are receivable from a number of agencies and are accounted for on the accruals model.

Capital grants receivable in respect of appreciating assets are deducted from the cost of the underlying asset to which they relate.

Revenue grants are credited to the Income Statement in the period in which the related costs are charged to the Income Statement or the underlying conditions relating to the grant have been satisfied.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Basic payment scheme (bps) entitlements

Basic Payment Scheme (BPS) Entitlements are shown at cost.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 April 2024

12,868

Additions

21,302

At 31 March 2025

34,170

NET BOOK VALUE

At 31 March 2025

34,170

At 31 March 2024

12,868

5.	TANGIBLE FIXED ASSETS

Land,

buildings

Plant and

and

machinery

woodlands

etc

Totals

£

£

£

COST

At 1 April 2024

1,412,237

321,058

1,733,295

Additions

113,235

-

113,235

Grants

(107,250

)

-

(107,250

)

At 31 March 2025

1,418,222

321,058

1,739,280

DEPRECIATION

At 1 April 2024

301,186

130,372

431,558

Charge for year

10,616

19,068

29,684

At 31 March 2025

311,802

149,440

461,242

NET BOOK VALUE

At 31 March 2025

1,106,420

171,618

1,278,038

At 31 March 2024

1,111,051

190,686

1,301,737

At 31 March 2025 the net book value of assets held under finance leases was £Nil (2024: £172,773).

6.	FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:

2025

2024

£

£

BPS Entitlements

7,550

7,550

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

267

30,749

Other debtors

64,463

25,946

64,730

56,695

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

-

15,000

Trade creditors

27,483

28,090

Taxation and social security

3,076

1,920

Other creditors

673,248

469,321

703,807

514,331

9.	RELATED PARTY DISCLOSURES

The company is wholly owned by a Trust. Included within Other Creditors is a loan from the Trust amounting to £499,338 (2024: £341,239). This loan is unsecured, interest free and repayable on demand. Also included within Other Creditors is an amount due to the Trust of £159,431 (2024: £123,582).

Included within Trade Creditors is an amount payable by Dunlossit (Farming) Limited to the Trust of £24,000 (2024: £24,000).

Included within Trade Debtors is an amount payable by the Trust to Dunlossit (Farming) Limited of £267 (2024: £Nil).

Included withing Other Debtors is an amount due from the Trust of £32,287 (2024: £30,749).