REGISTERED NUMBER: 03575927 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2026

for

DAVID NEILL FOODS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

8

DIRECTORS:

N Ward

Mrs K Ward

REGISTERED OFFICE:

Enterprise House

The Courtyard

Old Court House Road

Brombrough

Wirral

CH62 4UE

REGISTERED NUMBER:

03575927 (England and Wales)

ACCOUNTANTS:

LBW Chartered Accountants

Enterprise House

The Courtyard

Old Courthouse Road

Bromborough

Merseyside

CH62 4UE

FIXED ASSETS

Tangible assets

4

567,556

538,295

Investments

5

1

1

567,557

538,296

CURRENT ASSETS

Stocks

527,409

497,538

Debtors

6

1,802,009

2,069,313

Cash at bank

533,980

967,537

2,863,398

3,534,388

CREDITORS

Amounts falling due within one year

7

350,486

729,960

NET CURRENT ASSETS

2,512,912

2,804,428

TOTAL ASSETS LESS CURRENT LIABILITIES

3,080,469

3,342,724

CREDITORS

Amounts falling due after more than one year

8

-

249,780

NET ASSETS

3,080,469

3,092,944

CAPITAL AND RESERVES

Called up share capital

10

100

100

Revaluation reserve

11

223,613

223,613

Retained earnings

11

2,856,756

2,869,231

SHAREHOLDERS' FUNDS

3,080,469

3,092,944

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 August 2026 and were signed on its behalf by:

N Ward - Director

1.	STATUTORY INFORMATION

David Neill Foods 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 each asset over its estimated useful life.

Land and buildings

-

2% on cost

Plant and machinery etc

-

25% on reducing balance and 15% 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 Statement of Income and Retained Earnings, 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2025 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Computer

property

machinery

fittings

equipment

Totals

£

£

£

£

£

COST OR VALUATION

At 1 April 2025

689,534

35,307

65,482

23,408

813,731

Additions

-

24,688

16,577

-

41,265

At 31 March 2026

689,534

59,995

82,059

23,408

854,996

DEPRECIATION

At 1 April 2025

189,534

14,954

48,245

22,703

275,436

Charge for year

-

6,756

5,072

176

12,004

At 31 March 2026

189,534

21,710

53,317

22,879

287,440

NET BOOK VALUE

At 31 March 2026

500,000

38,285

28,742

529

567,556

At 31 March 2025

500,000

20,353

17,237

705

538,295

Cost or valuation at 31 March 2026 is represented by:

Fixtures

Freehold

Plant and

and

Computer

property

machinery

fittings

equipment

Totals

£

£

£

£

£

Valuation in 2012

1,211,252

-

-

-

1,211,252

Valuation in 2022

(987,639

)

-

-

-

(987,639

)

Cost

465,921

59,995

82,059

23,408

631,383

689,534

59,995

82,059

23,408

854,996

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

31.3.26

31.3.25

£

£

Cost

465,921

465,921

Aggregate depreciation

189,534

189,534

Value of land in freehold land and buildings

500,000

500,000

Freehold land & buildings were valued on an open market basis on 19 April 2011 by M I Honeybourne Bsc. .

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 April 2025

and 31 March 2026

1

NET BOOK VALUE

At 31 March 2026

1

At 31 March 2025

1

6.

DEBTORS

31.3.26

31.3.25

£

£

Amounts falling due within one year:

Trade debtors

314,604

581,908

Amounts falling due after more than one year:

Amounts owed by group undertakings

1,487,405

1,487,405

Aggregate amounts

1,802,009

2,069,313

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Trade creditors

98,904

336,898

Taxation and social security

117,658

271,196

Other creditors

133,924

121,866

350,486

729,960

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.26

31.3.25

£

£

Other creditors

-

249,780

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.26

31.3.25

£

£

Other loans

130,476

367,569

The other loans are secured by a charge over the property owned by the company.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.26

31.3.25

value:

£

£

100

Ordinary

£1

100

100

11.

RESERVES

Retained

Revaluation

earnings

reserve

Totals

£

£

£

At 1 April 2025

2,869,231

223,613

3,092,844

Profit for the year

278,525

278,525

Dividends

(291,000

)

(291,000

)

At 31 March 2026

2,856,756

223,613

3,080,369

12.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31.3.26

31.3.25

£

£

N Ward

Balance outstanding at start of year

(1,114

)

(22,184

)

Amounts advanced

291,629

227,300

Amounts repaid

(291,000

)

(206,230

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(485

)

(1,114

)

13.	RELATED PARTY DISCLOSURES

Included in other debtors is an amount of £1,487,405 due from DNF Holdings Ltd this company's parent company.

14.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr N Ward and Mrs K Ward.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of David Neill Foods Limited for the year ended 31 March 2026 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of David Neill Foods Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of David Neill Foods Limited and state those matters that we have agreed to state to the Board of Directors of David Neill Foods Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than David Neill Foods Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that David Neill Foods Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of David Neill Foods Limited. You consider that David Neill Foods Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of David Neill Foods Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

LBW Chartered Accountants

Enterprise House

The Courtyard

Old Courthouse Road

Bromborough

Merseyside

CH62 4UE

Date: .............................................