REGISTERED NUMBER: 02167809 (England and Wales)

D R DAVIES & SONS (COURT FARM) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2026

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M R Davies

T M T Davies

J R Davies

Mrs L M Davies

REGISTERED OFFICE:

West Lodge

Rainbow Street

Leominster

Herefordshire

HR6 8DQ

REGISTERED NUMBER:

02167809 (England and Wales)

ACCOUNTANTS:

Davies Edwards & Co

Chartered Certified Accountants

West Lodge

Rainbow Street

Leominster

Herefordshire

HR6 8DQ

FIXED ASSETS

Tangible assets

4

376,473

269,995

CURRENT ASSETS

Stocks

268,092

242,809

Debtors

5

62,155

81,648

Investments

6

1,801

1,801

332,048

326,258

CREDITORS

Amounts falling due within one year

7

308,251

330,386

NET CURRENT ASSETS/(LIABILITIES)

23,797

(4,128

)

TOTAL ASSETS LESS CURRENT LIABILITIES

400,270

265,867

CREDITORS

Amounts falling due after more than one year

8

(174,670

)

(120,473

)

PROVISIONS FOR LIABILITIES

(38,276

)

(31,683

)

NET ASSETS

187,324

113,711

CAPITAL AND RESERVES

Called up share capital

9

200,100

200,100

Retained earnings

10

(12,776

)

(86,389

)

SHAREHOLDERS' FUNDS

187,324

113,711

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2026 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 August 2026 and were signed on its behalf by:

M R Davies - Director

1.	STATUTORY INFORMATION

D R Davies & Sons (Court Farm) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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. The financial statements have been prepared under the historical cost convention.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Buildings and improvements

-

in accordance with the property

Implements and machinery

-

10% on reducing balance

Tractors and motor vehicles

-

25% on reducing balance

Leased assets

-

20% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2025 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Buildings

Implements

Tractors

and

and

and motor

improvements

machinery

vehicles

£

£

£

COST

At 6 April 2025

217,281

188,425

151,550

Additions

133,475

1,950

-

At 5 April 2026

350,756

190,375

151,550

DEPRECIATION

At 6 April 2025

99,368

103,920

84,106

Charge for year

10,055

8,650

10,117

At 5 April 2026

109,423

112,570

94,223

NET BOOK VALUE

At 5 April 2026

241,333

77,805

57,327

At 5 April 2025

117,913

84,505

67,444

Leased

Office

assets

equipment

Totals

£

£

£

COST

At 6 April 2025

12,500

1,271

571,027

Additions

-

-

135,425

At 5 April 2026

12,500

1,271

706,452

DEPRECIATION

At 6 April 2025

12,490

1,148

301,032

Charge for year

2

123

28,947

At 5 April 2026

12,492

1,271

329,979

NET BOOK VALUE

At 5 April 2026

8

-

376,473

At 5 April 2025

10

123

269,995

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Implements

Tractors

and

and motor

machinery

vehicles

Totals

£

£

£

COST

At 6 April 2025

-

56,850

56,850

Transfer to ownership

-

(56,850

)

(56,850

)

Reclassification/transfer

8,750

-

8,750

At 5 April 2026

8,750

-

8,750

DEPRECIATION

At 6 April 2025

-

21,937

21,937

Charge for year

788

-

788

Transfer to ownership

-

(21,937

)

(21,937

)

Reclassification/transfer

875

-

875

At 5 April 2026

1,663

-

1,663

NET BOOK VALUE

At 5 April 2026

7,087

-

7,087

At 5 April 2025

-

34,913

34,913

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

42,579

60,284

PAYE and NIC debtor

-

450

Directors' current accounts

-

135

VAT

13,346

14,974

Prepayments

6,230

5,805

62,155

81,648

6.	CURRENT ASSET INVESTMENTS

2026

2025

£

£

Unlisted investments

1,801

1,801

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

94,044

112,981

Hire purchase contracts

3,136

8,889

Trade creditors

57,125

73,783

Tax

34,922

21,801

Social security and other taxes

687

-

Net pay control

2,738

-

Directors' current accounts

111,380

108,082

Accruals and deferred income

4,219

4,850

308,251

330,386

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans - 1-2 years

33,429

19,381

Bank loans - 2-5 years

86,069

32,484

Bank loans more 5 yr by instal

55,172

68,608

174,670

120,473

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

55,172

68,608

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

100

Ordinary

£1

100

100

200,000

Redeemable

£1

200,000

200,000

200,100

200,100

10.

RESERVES

Retained

earnings

£

At 6 April 2025

(86,389

)

Profit for the year

85,613

Dividends

(12,000

)

At 5 April 2026

(12,776

)

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 5 April 2026 and 5 April 2025:

2026

2025

£

£

J R Davies

Balance outstanding at start of year

(135

)

(2,008

)

Amounts advanced

(2,971

)

(2,857

)

Amounts repaid

11,384

4,730

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

8,278

(135

)

T M T Davies

Balance outstanding at start of year

506

(1,256

)

Amounts advanced

(3,088

)

(2,968

)

Amounts repaid

11,384

4,730

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

8,802

506

12.	RELATED PARTY DISCLOSURES

During the year, total dividends of £12,000 (2025 - £17,000) were paid to the directors .