Company No: 04593962 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2026		2025
		£		£
Fixed assets
Tangible assets	3	1,313,215		1,315,929
Investments	4	2		3
		1,313,217		1,315,932
Current assets
Debtors
- due within one year	5	844,911		891,614
- due after more than one year	5	130,908		124,968
Cash at bank and in hand		251,411		176,122
		1,227,230		1,192,704
Creditors: amounts falling due within one year	6	( 309,092)		( 1,135,897)
Net current assets		918,138		56,807
Total assets less current liabilities		2,231,355		1,372,739
Creditors: amounts falling due after more than one year	7	( 815,293)		0
Net assets		1,416,062		1,372,739
Capital and reserves
Called-up share capital	8	100		100
Profit and loss account		1,415,962		1,372,639
Total shareholders' funds		1,416,062		1,372,739

For the financial year ending 31 January 2026 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Danning & Symons Limited (registered number: 04593962) were approved and authorised for issue by the Board of Directors on 28 October 2026. They were signed on its behalf by:

Mr D A Danning Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Danning & Symons Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Trelawney Lodge, Sladesbridge, Wadebridge, PL27 6JA, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Turnover

Turnover represents rent receivable and comprises agreed annual rent supplemented by variable rent determined by reference to external factors.

Agreed annual rent is recognised on a straight line basis over the lease term. Variable rent is recognised as earnt.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Land and buildings	depreciated over the life of the lease
Assets under construction	not depreciated
Fixtures and fittings	5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Investment property

The company's investment property comprises an interest in land held under a short lease. The company has chosen to account for this interest as property, plant and equipment. Cost of improvements have been recorded at cost and are being depreciated straight line over the term of the lease.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Investments
Investments in subsidiary companies are stated at cost.

2. Employees

	2026		2025
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	2		2

3. Tangible assets

	Land and buildings		Assets under construc- tion		Fixtures and fittings		Total
	£		£		£		£
Cost
At 01 February 2025	1,087,850		475,046		111,116		1,674,012
Additions	0		7,724		0		7,724
At 31 January 2026	1,087,850		482,770		111,116		1,681,736
Accumulated depreciation
At 01 February 2025	248,024		0		110,059		358,083
Charge for the financial year	10,215		0		223		10,438
At 31 January 2026	258,239		0		110,282		368,521
Net book value
At 31 January 2026	829,611		482,770		834		1,313,215
At 31 January 2025	839,826		475,046		1,057		1,315,929

Included within the net book value of land and buildings above is £686,590 (2025 - £686,590) in respect of freehold land and buildings and £143,021 (2025 - £153,236) in respect of short leasehold land and buildings.

4. Fixed asset investments

Investments in subsidiaries

	2026
	£
Cost
At 01 February 2025	3
At 31 January 2026	3
Provisions for impairment
At 01 February 2025	0
Disposals	1
At 31 January 2026	1
Carrying value at 31 January 2026	2
Carrying value at 31 January 2025	3

Investments in shares

Name of entity	Registered office	Principal activity	Class of shares	Ownership 31.01.2026	Ownership 31.01.2025
Danning and Symons (Barnstaple) Limited	England & Wales	Dormant Company	Ordinary	100.00%	100.00%
Danning and Symons (Probus) Limited	England & Wales	Dissolved 18 November 2025	Ordinary	0.00%	100.00%

5. Debtors

	2026		2025
	£		£
Debtors: amounts falling due within one year
Trade debtors	0		190,080
Amounts owed by Group undertakings	0		4,812
Other debtors	844,911		696,722
	844,911		891,614
Debtors: amounts falling due after more than one year
Other debtors	130,908		124,968

6. Creditors: amounts falling due within one year

	2026		2025
	£		£
Bank loans (secured)	33,600		889,312
Trade creditors	84,000		105,000
Corporation tax	98,794		83,249
Other taxation and social security	41,786		8,659
Other creditors	50,912		49,677
	309,092		1,135,897

The bank loan is secured by way of a charge over the company's freehold and leasehold property.

7. Creditors: amounts falling due after more than one year

	2026		2025
	£		£
Bank loans (secured)	815,293		0

The bank loan is secured by way of a charge over the company's freehold and leasehold property.

8. Called-up share capital

	2026		2025
	£		£
Allotted, called-up and fully-paid
102 Ordinary A shares of £ 0.50 each	51		51
98 Ordinary B shares of £ 0.50 each	49		49
	100		100

9. Related party transactions

Transactions with entities in which the entity itself has a participating interest

	2026		2025
	£		£
At start of period	4,812		4,812
Advanced	0		0
Provision for impairment	(4,812)		0
At end of period	0		4,812

The subsidiary company Danning & Symons (Barnstaple) Limited had an interest free loan from the company. The balance at 31 January 2025 was stated net of provision for impairment of £390,000. In the current year the loan has been further impaired to write off the remaining balance.

Transactions with the entity's directors

	2026		2025
	£		£
Mr D A Danning	0		0
Brought forward	382,263		438,173
Advances to director	288,885		165,042
Repayments by director	(221,254)		(220,952)
Carried forward	449,894		382,263
Mr D G Symons	0		0
Brought forward	74,712		104,254
Advances to director	62,475		86,099
Repayments by director	(38,488)		(115,641)
Carried forward	98,699		74,712

The directors have interest free loans from the company. The loan advanced to Mr D A Danning is held jointly with Mrs H M Danning.

Other related party transactions

	2026		2025
	£		£
At start of period	90,134		90,412
Advanced	42,874		40,363
Repaid	(38,488)		(40,641)
At end of period	94,520		90,134

Mrs H Y Symons (shareholder) has an interest free loan from the company.

10. Off Balance Sheet arrangements

The total amount of minimum rentals payable under non-cancellable operating leases is £968,333 (2025 - £1,038,333).

The total amount of future minimum rentals receivable under non-cancellable operating leases is £4,382,400 (2025 - £4,699,200).

11. Ultimate controlling party

Mr D A Danning.

The ultimate controlling party is D A Danning, director, and his immediate family, who own 51% of the issued share capital.