Silverfin false false 31/03/2025 11/10/2023 31/03/2025 Mr I H Harding 11/10/2023 Dr I M Harding 11/10/2023 11 July 2025 OC449480 2025-03-31 OC449480 bus:Director1 2025-03-31 OC449480 bus:Director2 2025-03-31 OC449480 core:CurrentFinancialInstruments 2025-03-31 OC449480 core:LandBuildings 2023-10-10 OC449480 core:OtherPropertyPlantEquipment 2023-10-10 OC449480 2023-10-10 OC449480 core:LandBuildings 2025-03-31 OC449480 core:OtherPropertyPlantEquipment 2025-03-31 OC449480 2023-10-11 2025-03-31 OC449480 bus:FilletedAccounts 2023-10-11 2025-03-31 OC449480 bus:SmallEntities 2023-10-11 2025-03-31 OC449480 bus:AuditExemptWithAccountantsReport 2023-10-11 2025-03-31 OC449480 bus:LimitedLiabilityPartnershipLLP 2023-10-11 2025-03-31 OC449480 bus:Director1 2023-10-11 2025-03-31 OC449480 bus:Director2 2023-10-11 2025-03-31 OC449480 core:OtherPropertyPlantEquipment 2023-10-11 2025-03-31 OC449480 core:LandBuildings 2023-10-11 2025-03-31 iso4217:GBP xbrli:pure

Company No: OC449480 (England and Wales)

REXTON GORSE ESTATE LIMITED LIABILITY PARTNERSHIP

Unaudited Financial Statements
For the financial period from 11 October 2023 to 31 March 2025
Pages for filing with the registrar

REXTON GORSE ESTATE LIMITED LIABILITY PARTNERSHIP

Unaudited Financial Statements

For the financial period from 11 October 2023 to 31 March 2025

Contents

REXTON GORSE ESTATE LIMITED LIABILITY PARTNERSHIP

BALANCE SHEET

As at 31 March 2025
REXTON GORSE ESTATE LIMITED LIABILITY PARTNERSHIP

BALANCE SHEET (continued)

As at 31 March 2025
Note 31.03.2025
£
Fixed assets
Tangible assets 3 620,239
620,239
Current assets
Debtors 4 114,454
114,454
Creditors: amounts falling due within one year 5 ( 1,950)
Net current assets 112,504
Total assets less current liabilities 732,743
Net assets attributable to members 732,743
Represented by
Members' other interests
Members' capital classified as equity 781,002
Other reserves (48,259)
732,743
732,743
Total members' interests
Members' other interests 732,743
732,743

For the financial period ending 31 March 2025 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

Members' responsibilities:

The financial statements of Rexton Gorse Estate Limited Liability Partnership (registered number: OC449480) were approved and authorised for issue by the Board of Directors on 11 July 2025. They were signed on its behalf by:

Mr I H Harding
Designated member
Dr I M Harding
Designated member
REXTON GORSE ESTATE LIMITED LIABILITY PARTNERSHIP

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 11 October 2023 to 31 March 2025
REXTON GORSE ESTATE LIMITED LIABILITY PARTNERSHIP

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 11 October 2023 to 31 March 2025
1. Accounting policies

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

General information and basis of accounting

Rexton Gorse Limited Liability Partnership is a limited liability partnership, incorporated in the United Kingdom under the Limited Liability Partnerships Act 2000 and is registered in England and Wales. The address of the LLP's registered office is Rexton Gorse, Crowcombe, Taunton, TA4 4BP, United Kingdom.

The financial statements have been prepared under the historical cost convention 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 Limited Liability Partnerships Act 2000 as applicable to companies subject to the small companies regime and the requirements of the Statement of Recommended Practice Accounting by Limited Liability Partnerships issued in December 2021 (SORP 2022).

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

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

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 reducing balance basis over its expected useful life, as follows:

Land and buildings not depreciated
Plant and machinery etc. 20 % reducing balance

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.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

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.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

2. Employees

Period from
11.10.2023 to
31.03.2025
Number
Monthly average number of persons employed by the LLP during the period 2

3. Tangible assets

Land and buildings Plant and machinery etc. Total
£ £ £
Cost
At 11 October 2023 0 0 0
Additions 558,445 86,175 644,620
At 31 March 2025 558,445 86,175 644,620
Accumulated depreciation
At 11 October 2023 0 0 0
Charge for the financial period 0 24,381 24,381
At 31 March 2025 0 24,381 24,381
Net book value
At 31 March 2025 558,445 61,794 620,239

4. Debtors

31.03.2025
£
Other debtors 114,454

5. Creditors: amounts falling due within one year

31.03.2025
£
Other creditors 1,950