Furzeleigh Down Dairy Limited

Contents

Statement of Financial Position	1
Notes to the Unaudited Financial Statements	2 to 7

Furzeleigh Down Dairy Limited

(Registration number: 09287882)
Statement of Financial Position as at 31 October 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	4	-	17
Tangible assets	5	10,071	10,330
		10,071	10,347
Current assets
Debtors	6	400	400
Cash at bank and in hand		34,259	32,460
		34,659	32,860
Creditors: Amounts falling due within one year	7	(51,159)	(49,258)
Net current liabilities		(16,500)	(16,398)
Net liabilities		(6,429)	(6,051)
Capital and reserves
Called up share capital		400	400
Profit and loss account		(6,829)	(6,451)
Shareholders' deficit		(6,429)	(6,051)

For the financial year ending 31 October 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 18 July 2026 and signed on its behalf by:
 

Mrs T A Voysey Director

Furzeleigh Down Dairy Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 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:
Furzeleigh Down Farm
Cooks Lane
Axminster
Devon
EX13 5SQ

Principal activity

The principal activity of the company is production and selling ice cream.

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.

Going concern

The financial statements have been prepared on a going concern basis.

Furzeleigh Down Dairy Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 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.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Leasehold improvements	2% straight line

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Intangible assets

Separately acquired trademarks and licences are shown at historical cost.

Trademarks, licences (including software) and customer-related intangible assets acquired in a business combination are recognised at fair value at the acquisition date.

Trademarks, licences and customer-related intangible assets have a finite useful life and are carried at cost less accumulated amortisation and any accumulated impairment losses.

Furzeleigh Down Dairy Limited

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

2	Accounting policies (continued)

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Patents	10% straight line

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

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the statement of comprehensive income over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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 3 (2024 - 3).

Furzeleigh Down Dairy Limited

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

4	Intangible assets

	Other intangible assets  £	Total £
Cost or valuation
At 1 November 2024	170	170
At 31 October 2025	170	170
Amortisation
At 1 November 2024	153	153
Amortisation charge	17	17
At 31 October 2025	170	170
Carrying amount
At 31 October 2025	-	-
At 31 October 2024	17	17

5	Tangible assets

	Freehold property £	Total £
Cost or valuation
At 1 November 2024	12,912	12,912
At 31 October 2025	12,912	12,912
Depreciation
At 1 November 2024	2,582	2,582
Charge for the year	259	259
At 31 October 2025	2,841	2,841
Carrying amount
At 31 October 2025	10,071	10,071
At 31 October 2024	10,330	10,330

Furzeleigh Down Dairy Limited

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

6

Debtors

	2025 £	2024 £
Other debtors	400	400
	400	400

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Bank loans and overdrafts	9	25,097	25,097
Accruals and deferred income		2,993	1,092
Other creditors		23,069	23,069
		51,159	49,258

8

Reserves

Profit and loss account:

This reserve records retained earnings and accumulated losses.

Furzeleigh Down Dairy Limited

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

9	Loans and borrowings

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	23,996	23,996
Other borrowings	1,101	1,101
	25,097	25,097

10	Directors advances, credits and guarantees

Transactions with directors

2025	At 1 November 2024 £	At 31 October 2025 £
Mrs L V Voysey	22,959	22,959
Mrs T A Voysey	110	110
	23,069	23,069

2024	At 1 November 2023 £	At 31 October 2024 £
Mrs L V Voysey	22,959	22,959
Mrs T A Voysey	110	110
	23,069	23,069

Directors' loans are repayable on demand and subject to interest on overdrawn balances at the official rate.