REGISTERED NUMBER: 08147260 (England and Wales)

Dangar Limited

Unaudited Financial Statements

for the Year Ended 31 March 2026

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

T J Dangar

Mrs M Dangar

Mrs C Daniels

REGISTERED OFFICE:

Brunswick House

Fore Street

Tintagel

Cornwall

PL34 0DA

REGISTERED NUMBER:

08147260 (England and Wales)

ACCOUNTANTS:

ATC Advisors

Chartered Accountants

Unit 2 Dunheved Court

Pennygillam Way

LAUNCESTON

Cornwall

PL15 7ED

FIXED ASSETS

Tangible assets

4

2,810,687

2,853,142

CURRENT ASSETS

Stocks

2,893

2,501

Debtors

5

-

19,347

Cash at bank and in hand

925,917

1,152,163

928,810

1,174,011

CREDITORS

Amounts falling due within one year

6

1,223,087

1,659,003

NET CURRENT LIABILITIES

(294,277

)

(484,992

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,516,410

2,368,150

PROVISIONS FOR LIABILITIES

25,219

28,697

NET ASSETS

2,491,191

2,339,453

CAPITAL AND RESERVES

Called up share capital

40

40

Capital redemption reserve

20

20

Retained earnings

2,491,131

2,339,393

SHAREHOLDERS' FUNDS

2,491,191

2,339,453

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 October 2026 and were signed on its behalf by:

T J Dangar - Director

1.	STATUTORY INFORMATION

Dangar 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 as modified by the revaluation of certain assets.

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 the cost less estimated residual value of each asset over its estimated useful life.

Freehold property

-

10% on cost and not provided for on Land

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

The freehold property, with a cost of £688,575.80, has been depreciated at 10%. A further £2,081,650 of land was purchased in October 2024. This represents a departure from the relevant accounting standard, as the land has not been depreciated. The directors confirm that there has been no diminution in value.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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

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 2 (2025 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

Buildings

machinery

fittings

Totals

£

£

£

£

£

COST OR VALUATION

At 1 April 2025

2,770,226

105,854

360,813

67,317

3,304,210

Additions

-

-

8,583

-

8,583

Disposals

-

-

(17,852

)

-

(17,852

)

At 31 March 2026

2,770,226

105,854

351,544

67,317

3,294,941

DEPRECIATION

At 1 April 2025

89,930

17,579

283,454

60,105

451,068

Charge for year

18,278

10,585

19,893

1,803

50,559

Eliminated on disposal

-

-

(17,373

)

-

(17,373

)

At 31 March 2026

108,208

28,164

285,974

61,908

484,254

NET BOOK VALUE

At 31 March 2026

2,662,018

77,690

65,570

5,409

2,810,687

At 31 March 2025

2,680,296

88,275

77,359

7,212

2,853,142

Cost or valuation at 31 March 2026 is represented by:

Fixtures

Freehold

Plant and

and

property

Buildings

machinery

fittings

Totals

£

£

£

£

£

Valuation in 2020

(127,027

)

-

-

-

(127,027

)

Valuation in 2024

155,350

-

-

-

155,350

Cost

2,741,903

105,854

351,544

67,317

3,266,618

2,770,226

105,854

351,544

67,317

3,294,941

Freehold property was valued on an open market basis by Kivells on 13th December 2023. The directors are of the opinion that this valuation continues to be accurate as at 31st March 2026.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Other debtors

-

19,347

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

3,447

1,139

Taxation and social security

88,460

64,899

Other creditors

1,131,180

1,592,965

1,223,087

1,659,003

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2026 and 31 March 2025:

2026

2025

£

£

Mrs M Dangar and T J Dangar

Balance outstanding at start of year

18,234

6,580

Amounts advanced

63,103

18,234

Amounts repaid

(82,737

)

(6,580

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(1,400

)

18,234

8.	RELATED PARTY DISCLOSURES

The £2,000,000 acquisition of the land at Tintagel Car Park was funded by loan notes. Of this amount, £873,000 has been repaid, leaving a balance of £970,000 payable to Mrs C. Daniels and £157,000 payable to Mr and Mrs T. Dangar. No interest has been charged on these loans, which are deemed repayable on demand.