D.H. Pearman & Sons (Over Norton) Limited


D.H. PEARMAN & SONS (OVER NORTON) LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 OCTOBER 2025































Company Registration Number: 01268213

D.H. PEARMAN & SONS (OVER NORTON) LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2025


CONTENTS									PAGES



Company information									1

Balance sheet									2 to 3

Notes to the financial statements									4 to 9

D.H. PEARMAN & SONS (OVER NORTON) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2025


DIRECTOR

I C Pearman


SECRETARY

The company does not have an appointed secretary


REGISTERED OFFICE

Bridgefield
Worcester Road
Chipping Norton
Oxon
OX7 5YQ


COMPANY REGISTRATION NUMBER

01268213 England and Wales

D.H. PEARMAN & SONS (OVER NORTON) LIMITED

BALANCE SHEET
AS AT 31 OCTOBER 2025


	Notes	2025		2024
		£		£

FIXED ASSETS
Tangible assets	5		44,114		48,842

CURRENT ASSETS
Stock		36,000		25,200
Debtors	6	61,490		39,348
Cash at bank and in hand		25,872		13,054


		123,362		77,602

CREDITORS: Amounts falling due within one year	7	28,816		15,762
CREDITORS: Amounts falling due within one year


NET CURRENT ASSETS			94,546		61,840


TOTAL ASSETS LESS CURRENT LIABILITIES			138,660		110,682

Provisions for liabilities and charges			3,414		3,760


NET ASSETS			135,246		106,922


CAPITAL AND RESERVES
Called up share capital			10,000		10,000
Distributable profit and loss account			125,246		96,922


SHAREHOLDERS' FUNDS			135,246		106,922

D.H. PEARMAN & SONS (OVER NORTON) LIMITED

BALANCE SHEET
AS AT 31 OCTOBER 2025


These accounts have been prepared and delivered in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A - small entities.

For the financial year ended 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

Members have not required the company to obtain an audit in accordance with section 476 of the Act.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

As permitted by S444 (5A) of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company’s Profit and Loss Account or Directors Report.


Signed on behalf of the board




I C Pearman
Director

Date approved by the board: 27 July 2026

D.H. PEARMAN & SONS (OVER NORTON) LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2025


1	GENERAL INFORMATION

	D.H. Pearman & Sons (Over Norton) Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is:

	Bridgefield
	Worcester Road
	Chipping Norton
	Oxon
	OX7 5YQ

	The financial statements are presented in Sterling, which is the functional currency of the company.

2	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

	Basis of preparation of financial statements

	These financial statements have been prepared in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 Section 1A smaller entities 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' ('FRS 102') and the Companies Act 2006.

	Revenue recognition

	Turnover is measured at the fair value of consideration received or receivable and represents the amounts invoiced during the year for mixed farming, stated net of trade discounts and value added tax.

	The company recognises revenue when the amount of revenue can be measured reliably and when it is probable that future economic benefits will flow to the entity.


	Tangible fixed assets

	Fixed assets are carried at cost less accumulated depreciation and accumulated impairment losses.

	Depreciation has been provided at the following rate so as to write off the cost or valuation of assets less residual value of the assets over their estimated useful lives.

	Office equipment					Reducing balance basis at 10% per annum
	Plant and machinery					Reducing balance basis at 10% per annum
	Fixtures and fittings					Reducing balance basis at 10% per annum
	Leasehold property					Reducing balance basis at 10% per annum

	On disposal, the difference between the net disposal proceeds and the carrying amount of the item sold is recognised in the profit and loss account, and included within administrative expenses.

D.H. PEARMAN & SONS (OVER NORTON) LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2025


2	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…)

	Financial Instruments

	A financial asset or financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

	The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

	Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through the profit and loss account.

	Basic financial assets and financial liabilities are initially recognised at transaction price and measured at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction. They are subsequently carried at their amortised cost using the effective interest rate method, less any provision for impairment. If the effect of the time value of money is immaterial, they are measured at cost less impairment.

	Basic financial assets and liabilities which are measured at cost or amortised cost are reviewed for objective impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the profit and loss account immediately.

Any reversals of impairment are recognised in the profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset or liability which exceeds what the carrying amount would have been had the impairment loss not previously been recognised.


	Financing transactions are measured at the present value of the future receipts discounted at a market rate of interest. They are subsequently measured at amortised costs using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

D.H. PEARMAN & SONS (OVER NORTON) LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2025


2	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…)

	Impairment of non-financial assets

	At each reporting date non-financial assets not carried at fair value, like goodwill and plant, property and equipment, are reviewed to determine whether there is an indication that an asset may be impaired. If there is an indication of possible impairment, the recoverable amount of any asset or group of related assets (which is the higher of value in use and the fair value less cost to sell) is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in the profit and loss account.

	Stocks are assessed for impairment at each reporting date. The carrying amount of each item of stock, or group of similar items, is compared with its selling price less cost to complete and sell. If an item of stock, or group of similar items, is impaired its carrying amount is reduced to selling price less costs to complete and sell, and an impairment loss is recognised immediately in the profit and loss account.

	If an impairment loss is subsequently reversed, the carrying amount of the asset, or group of related assets, is increased to the revised estimate of its recoverable amount, but not to exceed the amount that would have been determined had no impairment loss been recognised for the asset, or group of related assets, in prior periods. A reversal of an impairment loss is recognised immediately in the profit and loss account.


	Stock

	Stock has been valued at the lower of cost and estimated selling price less cost to complete and sell, after making due allowance for obsolete and slow-moving items. Cost comprises the cost of goods purchased valued on a first in first out basis.

	The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.


	Debtors

	Short term debtors are measured at transaction price, less any impairment.

	Creditors

	Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and subsequently at amortised cost.

D.H. PEARMAN & SONS (OVER NORTON) LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2025


2	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…)

	Leases

	Leases are classified as finance leases when they transfer substantially all the risks and rewards of ownership of the leased assets to the company. Other leases that do not transfer substantially all the risks and rewards of ownership of the leased assets to the company are classified as operating leases.

	Payments applicable to operating leases are charged against profit on a straight line basis over the lease term.

	Taxation

	Taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period.

	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods based on current tax rates and laws. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.

	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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 taxable profits.

	Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

	Current and deferred tax assets and liabilities are not discounted.

3	CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS

	No significant accounting estimates and judgements have had to be made by the director in preparing these financial statements.

4	EMPLOYEES

	The average number of persons employed by the company (including the director) during the year was:

		2025	2024
	Average number of employees	2	2

D.H. PEARMAN & SONS (OVER NORTON) LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2025


5	TANGIBLE ASSETS
		Office equipment	Plant and machinery	Fixtures and fittings	Leasehold property	Total
		£	£	£	£	£
	Cost
	At 1 November 2024	1,010	235,537	12,037	86,602	335,186

	Additions	-	-	173	-	173


	At 31 October 2025	1,010	235,537	12,210	86,602	335,359


	Accumulated depreciation and impairments
	At 1 November 2024	222	224,421	4,149	57,552	286,344

	Charge for year	79	1,112	805	2,905	4,901


	At 31 October 2025	301	225,533	4,954	60,457	291,245


	Net book value
	At 1 November 2024	788	11,116	7,888	29,050	48,842


	At 31 October 2025	709	10,004	7,256	26,145	44,114


6	DEBTORS
					2025	2024
					£	£
	Prepayments and accrued income				35,290	33,880
	Other debtors				26,200	5,468


					61,490	39,348


7	CREDITORS: Amounts falling due within one year
					2025	2024
					£	£
	Trade creditors				3,859	2,442
	Taxation and social security				6,336	817
	Accruals and deferred income				3,655	3,656
	Other creditors				14,966	8,847


					28,816	15,762

D.H. PEARMAN & SONS (OVER NORTON) LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2025


8	RELATED PARTY TRANSACTIONS

	During the year, the following transactions with related parties took place:

	I C Pearman
	Director and shareholder		2025	2024
			£	£
	Advances to company	The director has made advances to the company which are repayable on demand. No interest has been charged on these advances. At the year end, the company owed the director the following amount:	5,760	4,047


	I C Pearman Limited
	Connected undertaking		2025	2024
			£	£
	Amount owed by connected undertaking at year end:		12,000	-


	During the year under review, the company received a contribution towards repairs and renewals of £10,000 (2024 - £10,000) from I C Pearman Limited. I C Pearman is a director and shareholder of that company.