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Registered number: 03070502
Lustleigh Dairy Limited
Unaudited Financial Statements
For The Year Ended 31 December 2025
Dawes Accountants Limited
ICAEW
100 Queen Street
Newton Abbot
Devon
TQ12 2EU
Contents
Page
Company Information 1
Balance Sheet 2
Notes to the Financial Statements 3—4
Page 1
Company Information
Directors Mr Adrian James
Mrs Jean Wills
Miss Georgia Day
Secretary Mr Simon Corley
Company Number 03070502
Registered Office Orchard House
Lustleigh
Newton Abbot
Devon
TQ13 9TA
Accountants Dawes Accountants Limited
ICAEW
100 Queen Street
Newton Abbot
Devon
TQ12 2EU
Page 1
Page 2
Balance Sheet
Registered number: 03070502
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 95,000 95,000
95,000 95,000
CURRENT ASSETS
Cash at bank and in hand 19,560 13,762
19,560 13,762
Creditors: Amounts Falling Due Within One Year 5 (1,644 ) (528 )
NET CURRENT ASSETS (LIABILITIES) 17,916 13,234
TOTAL ASSETS LESS CURRENT LIABILITIES 112,916 108,234
NET ASSETS 112,916 108,234
CAPITAL AND RESERVES
Called up share capital 6 86,000 86,000
Revaluation reserve 7 9,000 9,000
Profit and Loss Account 17,916 13,234
SHAREHOLDERS' FUNDS 112,916 108,234
For the 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.
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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Adrian James
Director
15/09/2026
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Lustleigh Dairy Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03070502 . The registered office is Orchard House, Lustleigh, Newton Abbot, Devon, TQ13 9TA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is the gross Rent Received during the year and the accrued Lease Premium which is now completely amortised..
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold Not Depreciated
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2025 2024
Office and administration 3 3
3 3
Page 3
Page 4
4. Tangible Assets
Land & Property
Freehold
£
Cost
As at 1 January 2025 95,000
As at 31 December 2025 95,000
Net Book Value
As at 31 December 2025 95,000
As at 1 January 2025 95,000
5. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 336 318
Corporation tax 1,217 119
Other creditors 91 91
1,644 528
6. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 86,000 86,000
7. Reserves
Revaluation reserve Profit and Loss Account
£ £
As at 1 January 2025 9,000 13,234
Profit for the year and total comprehensive income - 4,682
As at 31 December 2025 9,000 17,916
Page 4