REGISTERED NUMBER: 03686599 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Dagfields Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

I Bennion

Mrs C Bennion

L Bennion

SECRETARY:

I Bennion

REGISTERED OFFICE:

Dagfield Farm

Walgherton

Nantwich

Cheshire

CW5 7LG

REGISTERED NUMBER:

03686599 (England and Wales)

ACCOUNTANTS:

Banks Sheridan

Datum House

Electra Way

Crewe

Cheshire

CW1 6ZF

FIXED ASSETS

Tangible assets

5

337,488

341,487

CURRENT ASSETS

Debtors

6

1,136,512

986,512

Cash at bank

603,405

507,067

1,739,917

1,493,579

CREDITORS

Amounts falling due within one year

7

(411,720

)

(234,656

)

NET CURRENT ASSETS

1,328,197

1,258,923

TOTAL ASSETS LESS CURRENT LIABILITIES

1,665,685

1,600,410

CAPITAL AND RESERVES

Called up share capital

100

100

Revaluation reserve

8

98,247

98,247

Retained earnings

1,567,338

1,502,063

1,665,685

1,600,410

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 23 December 2025 and were signed on its behalf by:

I Bennion - Director

1.	STATUTORY INFORMATION

Dagfields Limited ('The Company') is primarily engaged in the management of property.

The company is a private company limited by shares and is incorporated in England and Wales. The address of the principal place of business and of the registered office is Dagfields Farm, Walgherton, Nantwich, Cheshire. CW5 7LG. The registered number can be found on the Company Information page.

The functional and presentational currency of the financial statements is the Pound Sterling (£). Monetary amounts in these financial statements are rounded to the nearest £.

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The principle accounting policies applied in the preparation of these financial statements are set out below.

These policies have been consistently applied to all years presented, unless otherwise stated.

Basis of preparation

The financial statements are prepared on the going concern basis under the historical cost convention and comply with the United Kingdom Accounting Standards and Companies Act 2006.

Going concern

No material uncertainties that may cast significant doubt about the ability of the company to continue as a going concern have been identified by the director therefore he considers it appropriate to prepare the financial statements on the going concern basis.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Financial instruments

The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, bank loans and directors' loans.

Bank loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors' loans (being repayable on demand), trade debtors and trade creditors are measured at the discounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income and Retained Earnings.

Taxation

Taxation for the year comprises current and deferred tax. 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 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 7 ) .

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2024

and 31 March 2025

363,909

135,195

499,104

DEPRECIATION

At 1 April 2024

24,223

133,394

157,617

Charge for year

3,639

360

3,999

At 31 March 2025

27,862

133,754

161,616

NET BOOK VALUE

At 31 March 2025

336,047

1,441

337,488

At 31 March 2024

339,686

1,801

341,487

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

1,136,512

986,512

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

875

3,264

Taxation and social security

23,634

40,890

Other creditors

387,211

190,502

411,720

234,656

8.

RESERVES

Revaluation

reserve

£

At 1 April 2024

and 31 March 2025

98,247

9.	RELATED PARTY DISCLOSURES

Included in other debtors amounts falling due after more than one year are loans to Bennion Heritage Limited which shares common directors. The loan is interest free with no fixed repayment date.