Dalwood Hill Farm Limited

Contents

Statement of Financial Position	1
Notes to the Unaudited Financial Statements	2 to 5

Dalwood Hill Farm Limited

(Registration number: 10579915)
Statement of Financial Position as at 31 December 2025

	Note	2025 £	2024 £
Fixed assets
Investment property	4	1,127,725	1,110,465
Current assets
Debtors	5	3,561	117,329
Cash at bank and in hand		575	1,343
		4,136	118,672
Creditors: Amounts falling due within one year	6	(825,160)	(970,878)
Net current liabilities		(821,024)	(852,206)
Net assets		306,701	258,259
Capital and reserves
Called up share capital		100	100
Profit and loss account		306,601	258,159
Shareholders' funds		306,701	258,259

For the financial year ending 31 December 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 Statement of Comprehensive Income.

Approved and authorised by the Board on 24 July 2026 and signed on its behalf by:
 

Mr A P Benger Director

Dalwood Hill Farm Limited

Notes to the Unaudited Financial Statements for the
Year Ended 31 December 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:
White Lodge
Dalwood
Axminster
Devon
EX13 7EY

Principal activity

The principal activity of the company is that of property management.

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 are prepared in sterling which is the functional currency of the entity.

Dalwood Hill Farm Limited

Notes to the Unaudited Financial Statements for the
Year Ended 31 December 2025 (continued)

2	Accounting policies (continued)

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

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 value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current 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.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, 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. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities

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.

Dalwood Hill Farm Limited

Notes to the Unaudited Financial Statements for the
Year Ended 31 December 2025 (continued)

2	Accounting policies (continued)

Financial instruments

Recognition and measurement
A financial asset or a financial liability is recognised only when the company becomes party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

3	Staff numbers

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

4	Investment properties

	2025 £
At 1 January	1,110,465
Additions	17,260
At 31 December	1,127,725

There has been no valuation of investment property by an independent valuer. The Directors are of the opinion that the value is still accurate and no revaluation is required.

5

Debtors

	2025 £	2024 £
Trade debtors	3,561	3,780
Other debtors	-	113,549
	3,561	117,329

Dalwood Hill Farm Limited

Notes to the Unaudited Financial Statements for the
Year Ended 31 December 2025 (continued)

6

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Taxation and social security	16,323	14,530
Accruals and deferred income	2,000	1,750
Other creditors	806,837	954,598
	825,160	970,878

7

Reserves

Profit and loss account:

This reserve records retained earnings and accumulated losses.

8	Related party transactions

Transactions with directors

2025	At 1 January 2025 £	Advances to director £	Repayments by director £	At 31 December 2025 £
Transactions with Directors	(508,508)	202,771	(277,400)	(583,137)

2024	At 1 January 2024 £	Advances to director £	Repayments by director £	At 31 December 2024 £
Transactions with Directors	163,700	217,472	(889,680)	(508,508)

Summary of transactions with other related parties

As at the end of the financial year, the company owes a company with a Director in common £223,699 (2024:446,089). This amount is included within creditors.