2025-06-01 2026-05-31 2026-05-31 false 01128239 TURNBULL (CORN SALES) LIMITED 2026-08-13 68209 false iso4217:GBP xbrli:pure 01128239 2025-05-31 01128239 2026-05-31 01128239 2025-06-01 2026-05-31 01128239 2024-05-31 01128239 2025-05-31 01128239 2024-06-01 2025-05-31 01128239 bus:SmallEntities 2025-06-01 2026-05-31 01128239 bus:AuditExempt-NoAccountantsReport 2025-06-01 2026-05-31 01128239 bus:FullAccounts 2025-06-01 2026-05-31 01128239 bus:PrivateLimitedCompanyLtd 2025-06-01 2026-05-31 01128239 core:WithinOneYear 2026-05-31 01128239 core:AfterOneYear 2026-05-31 01128239 core:WithinOneYear 2025-05-31 01128239 core:AfterOneYear 2025-05-31 01128239 core:ShareCapital 2026-05-31 01128239 core:SharePremium 2026-05-31 01128239 core:RevaluationReserve 2026-05-31 01128239 core:OtherReservesSubtotal 2026-05-31 01128239 core:RetainedEarningsAccumulatedLosses 2026-05-31 01128239 core:ShareCapital 2025-05-31 01128239 core:SharePremium 2025-05-31 01128239 core:RevaluationReserve 2025-05-31 01128239 core:OtherReservesSubtotal 2025-05-31 01128239 core:RetainedEarningsAccumulatedLosses 2025-05-31 01128239 core:LandBuildings 2026-05-31 01128239 core:PlantMachinery 2026-05-31 01128239 core:Vehicles 2026-05-31 01128239 core:FurnitureFittings 2026-05-31 01128239 core:OfficeEquipment 2026-05-31 01128239 core:NetGoodwill 2026-05-31 01128239 core:IntangibleAssetsOtherThanGoodwill 2026-05-31 01128239 core:ListedExchangeTraded 2026-05-31 01128239 core:UnlistedNon-exchangeTraded 2026-05-31 01128239 core:LandBuildings 2025-05-31 01128239 core:PlantMachinery 2025-05-31 01128239 core:Vehicles 2025-05-31 01128239 core:FurnitureFittings 2025-05-31 01128239 core:OfficeEquipment 2025-05-31 01128239 core:NetGoodwill 2025-05-31 01128239 core:IntangibleAssetsOtherThanGoodwill 2025-05-31 01128239 core:ListedExchangeTraded 2025-05-31 01128239 core:UnlistedNon-exchangeTraded 2025-05-31 01128239 core:LandBuildings 2025-06-01 2026-05-31 01128239 core:PlantMachinery 2025-06-01 2026-05-31 01128239 core:Vehicles 2025-06-01 2026-05-31 01128239 core:FurnitureFittings 2025-06-01 2026-05-31 01128239 core:OfficeEquipment 2025-06-01 2026-05-31 01128239 core:NetGoodwill 2025-06-01 2026-05-31 01128239 core:IntangibleAssetsOtherThanGoodwill 2025-06-01 2026-05-31 01128239 core:ListedExchangeTraded 2025-06-01 2026-05-31 01128239 core:UnlistedNon-exchangeTraded 2025-06-01 2026-05-31 01128239 core:MoreThanFiveYears 2025-06-01 2026-05-31 01128239 core:Non-currentFinancialInstruments 2026-05-31 01128239 core:Non-currentFinancialInstruments 2025-05-31 01128239 dpl:CostSales 2025-06-01 2026-05-31 01128239 dpl:DistributionCosts 2025-06-01 2026-05-31 01128239 core:LandBuildings 2025-06-01 2026-05-31 01128239 core:PlantMachinery 2025-06-01 2026-05-31 01128239 core:Vehicles 2025-06-01 2026-05-31 01128239 core:FurnitureFittings 2025-06-01 2026-05-31 01128239 core:OfficeEquipment 2025-06-01 2026-05-31 01128239 dpl:AdministrativeExpenses 2025-06-01 2026-05-31 01128239 core:NetGoodwill 2025-06-01 2026-05-31 01128239 core:IntangibleAssetsOtherThanGoodwill 2025-06-01 2026-05-31 01128239 dpl:GroupUndertakings 2025-06-01 2026-05-31 01128239 dpl:ParticipatingInterests 2025-06-01 2026-05-31 01128239 dpl:GroupUndertakings core:ListedExchangeTraded 2025-06-01 2026-05-31 01128239 core:ListedExchangeTraded 2025-06-01 2026-05-31 01128239 dpl:GroupUndertakings core:UnlistedNon-exchangeTraded 2025-06-01 2026-05-31 01128239 core:UnlistedNon-exchangeTraded 2025-06-01 2026-05-31 01128239 dpl:CostSales 2024-06-01 2025-05-31 01128239 dpl:DistributionCosts 2024-06-01 2025-05-31 01128239 core:LandBuildings 2024-06-01 2025-05-31 01128239 core:PlantMachinery 2024-06-01 2025-05-31 01128239 core:Vehicles 2024-06-01 2025-05-31 01128239 core:FurnitureFittings 2024-06-01 2025-05-31 01128239 core:OfficeEquipment 2024-06-01 2025-05-31 01128239 dpl:AdministrativeExpenses 2024-06-01 2025-05-31 01128239 core:NetGoodwill 2024-06-01 2025-05-31 01128239 core:IntangibleAssetsOtherThanGoodwill 2024-06-01 2025-05-31 01128239 dpl:GroupUndertakings 2024-06-01 2025-05-31 01128239 dpl:ParticipatingInterests 2024-06-01 2025-05-31 01128239 dpl:GroupUndertakings core:ListedExchangeTraded 2024-06-01 2025-05-31 01128239 core:ListedExchangeTraded 2024-06-01 2025-05-31 01128239 dpl:GroupUndertakings core:UnlistedNon-exchangeTraded 2024-06-01 2025-05-31 01128239 core:UnlistedNon-exchangeTraded 2024-06-01 2025-05-31 01128239 core:NetGoodwill 2026-05-31 01128239 core:IntangibleAssetsOtherThanGoodwill 2026-05-31 01128239 core:LandBuildings 2026-05-31 01128239 core:PlantMachinery 2026-05-31 01128239 core:Vehicles 2026-05-31 01128239 core:FurnitureFittings 2026-05-31 01128239 core:OfficeEquipment 2026-05-31 01128239 core:AfterOneYear 2026-05-31 01128239 core:WithinOneYear 2026-05-31 01128239 core:ListedExchangeTraded 2026-05-31 01128239 core:UnlistedNon-exchangeTraded 2026-05-31 01128239 core:ShareCapital 2026-05-31 01128239 core:SharePremium 2026-05-31 01128239 core:RevaluationReserve 2026-05-31 01128239 core:OtherReservesSubtotal 2026-05-31 01128239 core:RetainedEarningsAccumulatedLosses 2026-05-31 01128239 core:NetGoodwill 2025-05-31 01128239 core:IntangibleAssetsOtherThanGoodwill 2025-05-31 01128239 core:LandBuildings 2025-05-31 01128239 core:PlantMachinery 2025-05-31 01128239 core:Vehicles 2025-05-31 01128239 core:FurnitureFittings 2025-05-31 01128239 core:OfficeEquipment 2025-05-31 01128239 core:AfterOneYear 2025-05-31 01128239 core:WithinOneYear 2025-05-31 01128239 core:ListedExchangeTraded 2025-05-31 01128239 core:UnlistedNon-exchangeTraded 2025-05-31 01128239 core:ShareCapital 2025-05-31 01128239 core:SharePremium 2025-05-31 01128239 core:RevaluationReserve 2025-05-31 01128239 core:OtherReservesSubtotal 2025-05-31 01128239 core:RetainedEarningsAccumulatedLosses 2025-05-31 01128239 core:NetGoodwill 2024-05-31 01128239 core:IntangibleAssetsOtherThanGoodwill 2024-05-31 01128239 core:LandBuildings 2024-05-31 01128239 core:PlantMachinery 2024-05-31 01128239 core:Vehicles 2024-05-31 01128239 core:FurnitureFittings 2024-05-31 01128239 core:OfficeEquipment 2024-05-31 01128239 core:AfterOneYear 2024-05-31 01128239 core:WithinOneYear 2024-05-31 01128239 core:ListedExchangeTraded 2024-05-31 01128239 core:UnlistedNon-exchangeTraded 2024-05-31 01128239 core:ShareCapital 2024-05-31 01128239 core:SharePremium 2024-05-31 01128239 core:RevaluationReserve 2024-05-31 01128239 core:OtherReservesSubtotal 2024-05-31 01128239 core:RetainedEarningsAccumulatedLosses 2024-05-31 01128239 core:AfterOneYear 2025-06-01 2026-05-31 01128239 core:WithinOneYear 2025-06-01 2026-05-31 01128239 core:Non-currentFinancialInstruments core:CostValuation 2025-06-01 2026-05-31 01128239 core:Non-currentFinancialInstruments core:AdditionsToInvestments 2025-06-01 2026-05-31 01128239 core:Non-currentFinancialInstruments core:RevaluationsIncreaseDecreaseInInvestments 2025-06-01 2026-05-31 01128239 core:Non-currentFinancialInstruments core:DisposalsDecreaseInInvestments 2025-06-01 2026-05-31 01128239 core:Non-currentFinancialInstruments core:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments 2025-06-01 2026-05-31 01128239 core:Non-currentFinancialInstruments core:ImpairmentLossReversalProvisionsForImpairmentInvestments 2025-06-01 2026-05-31 01128239 core:Non-currentFinancialInstruments core:AcquisitionsIncreaseInProvisionsForImpairmentInvestments 2025-06-01 2026-05-31 01128239 core:Non-currentFinancialInstruments core:DisposalsDecreaseInProvisionsForImpairmentInvestments 2025-06-01 2026-05-31 01128239 core:Non-currentFinancialInstruments core:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments 2025-06-01 2026-05-31 01128239 core:Non-currentFinancialInstruments core:CostValuation 2026-05-31 01128239 core:Non-currentFinancialInstruments core:AdditionsToInvestments 2026-05-31 01128239 core:Non-currentFinancialInstruments core:RevaluationsIncreaseDecreaseInInvestments 2026-05-31 01128239 core:Non-currentFinancialInstruments core:DisposalsDecreaseInInvestments 2026-05-31 01128239 core:Non-currentFinancialInstruments core:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments 2026-05-31 01128239 core:Non-currentFinancialInstruments core:ImpairmentLossReversalProvisionsForImpairmentInvestments 2026-05-31 01128239 core:Non-currentFinancialInstruments core:AcquisitionsIncreaseInProvisionsForImpairmentInvestments 2026-05-31 01128239 core:Non-currentFinancialInstruments core:DisposalsDecreaseInProvisionsForImpairmentInvestments 2026-05-31 01128239 core:Non-currentFinancialInstruments core:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments 2026-05-31 01128239 core:Non-currentFinancialInstruments core:CostValuation 2025-05-31 01128239 core:Non-currentFinancialInstruments core:AdditionsToInvestments 2025-05-31 01128239 core:Non-currentFinancialInstruments core:RevaluationsIncreaseDecreaseInInvestments 2025-05-31 01128239 core:Non-currentFinancialInstruments core:DisposalsDecreaseInInvestments 2025-05-31 01128239 core:Non-currentFinancialInstruments core:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments 2025-05-31 01128239 core:Non-currentFinancialInstruments core:ImpairmentLossReversalProvisionsForImpairmentInvestments 2025-05-31 01128239 core:Non-currentFinancialInstruments core:AcquisitionsIncreaseInProvisionsForImpairmentInvestments 2025-05-31 01128239 core:Non-currentFinancialInstruments core:DisposalsDecreaseInProvisionsForImpairmentInvestments 2025-05-31 01128239 core:Non-currentFinancialInstruments core:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments 2025-05-31 01128239 bus:Director1 2025-06-01 2026-05-31 01128239 bus:Director2 2025-06-01 2026-05-31

TURNBULL (CORN SALES) LIMITED

Registered Number
01128239
(England and Wales)

Unaudited Financial Statements for the Year ended
31 May 2026

TURNBULL (CORN SALES) LIMITED
Company Information
for the year from 1 June 2025 to 31 May 2026

Directors | TURNBULL, Jane Elizabeth
| TURNBULL, William John

Company Secretary | TURNBULL, William John

Registered Address | Burghwallis Grange
| Off Green Lane
| Skellow
| DN6 8JX

Registered Number | 01128239 (England and Wales)

TURNBULL (CORN SALES) LIMITED
Statement of Financial Position
31 May 2026

| Notes | 2026 |  | 2025
--- | --- | --- | --- | ---
|  | £ |  | £ |  | £ |  | £
Fixed assets |  |  |  |  |  |  |  |
Investments | 4 |  |  | 6,696,427 |  |  |  | 4,103,549
Investment property | 3 |  |  | 4,450,000 |  |  |  | 4,286,927
|  |  |  | 11,146,427 |  |  |  | 8,390,476
Current assets |  |  |  |  |  |  |  |
Debtors | 5 | 26,930 |  |  |  | 37,728 |  |
Cash at bank and on hand |  | 99,859 |  |  |  | 1,982,972 |  |
|  | 126,789 |  |  |  | 2,020,700 |  |
Creditors amounts falling due within one year | 6 | (59,282) |  |  |  | (1,205,710) |  |
Net current assets (liabilities) |  |  |  | 67,507 |  |  |  | 814,990
Total assets less current liabilities |  |  |  | 11,213,934 |  |  |  | 9,205,466
Provisions for liabilities | 7 |  |  | (850,000) |  |  |  | (809,000)
Net assets |  |  |  | 10,363,934 |  |  |  | 8,396,466
Capital and reserves |  |  |  |  |  |  |  |
Called up share capital |  |  |  | 100 |  |  |  | 100
Profit and loss account |  |  |  | 10,363,834 |  |  |  | 8,396,366
Shareholders' funds |  |  |  | 10,363,934 |  |  |  | 8,396,466

- The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
- The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
- The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
- These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
- The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 13 August 2026, and are signed on its behalf by:
TURNBULL, William John Director Registered Company No. 01128239

TURNBULL (CORN SALES) LIMITED
Notes to the Financial Statements
for the year ended 31 May 2026

1. | Accounting policies
--- | ---

| Statutory information
--- | ---
| The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

| Basis of preparation
--- | ---
| The financial statements have been prepared under the historical cost convention on a going concern basis as modified by the inclusion of investment properties and listed investments at fair value unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

| Functional and presentation currency
--- | ---
| The financial statements are presented in sterling and this is the functional currency of the company.

| Turnover policy
--- | ---
| Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.

| Defined contribution pension plan
--- | ---
| The company operates a defined contribution plan for its directors. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. Contributions to defined contribution plans are expensed in the period to which they relate. Amounts not paid are shown in other creditors in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.

| Current taxation
--- | ---
| Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

| Deferred tax
--- | ---
| 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 future taxable profits. Deferred tax is measured using the 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.

| Investments
--- | ---
| Listed investments are measured at fair value where the difference between cost and fair value is material. Changes in fair value are included in the Income Statement.

| Investment property
--- | ---
| Investment property is carried at fair value determined by external valuers and derived from the current market rents and investment property yields for comparable real estate. These values are adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Income Statement.

| Trade and other debtors
--- | ---
| Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

| Trade and other creditors
--- | ---
| Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

| Financial instruments
--- | ---
| The company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

2. | Average number of employees
--- | ---

|  | 2026 |  | 2025
| Average number of employees during the year | 2 |  | 2

3. | Investment property
--- | ---
| Investment properties were revalued on an existing use basis in January 2026. The agricultural properties were revalued by Cooper Rural Limited, and the commercial and other properties by Malcolm Stuart Property Consultants LLP. The historical cost of the property was £1,049,477. In the opinion of the directors the open market value of the investment properties at the balance sheet date is not significantly different to the disclosed amount.

|  | £
| Fair value at 01 June 25 | 4,286,927
| Fair value adjustments | 163,073
| At 31 May 26 | 4,450,000

4. | Fixed asset investments
--- | ---
| The original cost of the investments is £4,755,887 (2025: £3,733,665).

|  | Other investments1 |  | Total
--- | --- | --- | --- | ---
|  | £ |  | £
| Cost or valuation
| At 01 June 25 | 4,103,549 |  | 4,103,549
| Additions | 1,465,531 |  | 1,465,531
| Revaluations | 1,570,657 |  | 1,570,657
| Disposals | (443,310) |  | (443,310)
| At 31 May 26 | 6,696,427 |  | 6,696,427
| Net book value
| At 31 May 26 | 6,696,427 |  | 6,696,427
| At 31 May 25 | 4,103,549 |  | 4,103,549

| Notes
--- | ---
| 1Other investments other than loans

5. | Debtors: amounts due within one year
--- | ---

|  | 2026 |  | 2025
--- | --- | --- | --- | ---
|  | £ |  | £
| Trade debtors / trade receivables | 10,530 |  | 22,728
| Other debtors | 16,400 |  | 15,000
| Total | 26,930 |  | 37,728

6. | Creditors: amounts due within one year
--- | ---

|  | 2026 |  | 2025
--- | --- | --- | --- | ---
|  | £ |  | £
| Trade creditors / trade payables | 5,368 |  | 4,503
| Taxation and social security | 46,408 |  | 1,193,801
| Accrued liabilities and deferred income | 7,506 |  | 7,406
| Total | 59,282 |  | 1,205,710

7. | Provisions for liabilities
--- | ---
| Provisions are made where an event has taken place that gives the company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate of the settlement can be made. The provision for deferred tax arises from the fair value adjustments on investment properties. Deferred tax has been provided at a rate of 25% (2025: 25%), this being the substantively enacted corporation tax rate at the reporting date.

|  | 2026 |  | 2025
--- | --- | --- | --- | ---
|  | £ |  | £
| Net deferred tax liability (asset) | 850,000 |  | 809,000
| Total | 850,000 |  | 809,000