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REGISTERED NUMBER: OC365149 (England and Wales)








UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

PARADISE VALLEY FARMS LLP

PARADISE VALLEY FARMS LLP (REGISTERED NUMBER: OC365149)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 March 2025




Page

General information 1

Balance sheet 2

Notes to the financial statements 4

Chartered accountants' report 6

PARADISE VALLEY FARMS LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 March 2025







DESIGNATED MEMBERS: Mr D Warriner-Brown
Firecrest Estates Ltd





REGISTERED OFFICE: 41 Rodney Road
Cheltenham
Gloucestershire
GL50 1HX





REGISTERED NUMBER: OC365149 (England and Wales)





ACCOUNTANTS: Mitchell Glanville Limited
41 Rodney Road
Cheltenham
Gloucestershire
GL50 1HX

PARADISE VALLEY FARMS LLP (REGISTERED NUMBER: OC365149)

BALANCE SHEET
31 March 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 5,750,000 5,750,000

CURRENT ASSETS
Debtors 5 56,995 40,734
Cash at bank 209,767 85,552
266,762 126,286
CREDITORS
Amounts falling due within one year 6 129,171 111,236
NET CURRENT ASSETS 137,591 15,050
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,887,591

5,765,050

CREDITORS
Amounts falling due after more than one year 7 2,000,000 2,000,000
NET ASSETS ATTRIBUTABLE TO
MEMBERS

3,887,591

3,765,050

LOANS AND OTHER DEBTS DUE TO
MEMBERS

-

-

MEMBERS' OTHER INTERESTS
Capital accounts 907,852 785,311
Fair value reserve 10 2,979,739 2,979,739
3,887,591 3,765,050

TOTAL MEMBERS' INTERESTS
Members' other interests 3,887,591 3,765,050

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 March 2025.

The members acknowledge their responsibilities for:
(a)ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

PARADISE VALLEY FARMS LLP (REGISTERED NUMBER: OC365149)

BALANCE SHEET - continued
31 March 2025


The financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 14 July 2025 and were signed by:





Mr D Warriner-Brown - Designated member

PARADISE VALLEY FARMS LLP (REGISTERED NUMBER: OC365149)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 March 2025

1. STATUTORY INFORMATION

Paradise Valley Farms LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. 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.

INVESTMENT PROPERTY
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

3. EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2024 - NIL).

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2024
and 31 March 2025 5,750,000
NET BOOK VALUE
At 31 March 2025 5,750,000
At 31 March 2024 5,750,000

Investment property comprises £5,750,000. The fair value of the investment property has been arrived at on the basis of a valuation carried out at 31 March 2025 by the members of the LLP. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

Fair value at 31 March 2025 is represented by:
£   
Valuation in 2023 5,750,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 21,367 20,062
Other debtors 33,380 20,672
Prepayments 2,248 -
56,995 40,734

PARADISE VALLEY FARMS LLP (REGISTERED NUMBER: OC365149)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 March 2025

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade creditors 2,560 1,575
VAT 22,591 19,228
Accruals and deferred income 104,020 90,433
129,171 111,236

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Bank loans (see note 8) 2,000,000 2,000,000

8. LOANS

An analysis of the maturity of loans is given below:

2025 2024
£    £   
Amounts falling due between one and two years:
Bank loans - 1-2 years 2,000,000 2,000,000

9. SECURED DEBTS

On 28 May 2014 Svenska Handelsbanken registered a fixed and floating charge over the property or undertaking of the company.

10. RESERVES
Fair
value
reserve
£   
At 1 April 2024 2,979,739
At 31 March 2025 2,979,739

CHARTERED ACCOUNTANTS' REPORT TO THE MEMBERS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
PARADISE VALLEY FARMS LLP

The following reproduces the text of the report prepared for the members in respect of the LLP's annual unaudited financial statements. In accordance with the Companies Act 2006, the LLP 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 members 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, we have prepared for your approval the financial statements of Paradise Valley Farms LLP for the year ended 31 March 2025 which comprise the Income statement, Balance sheet and the related notes from the LLP'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 members of Paradise Valley Farms LLP, 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 Paradise Valley Farms LLP and state those matters that we have agreed to state to the members of Paradise Valley Farms LLP, 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 Paradise Valley Farms LLP and its members, as a body, for our work or for this report.

It is your duty to ensure that Paradise Valley Farms LLP 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 Paradise Valley Farms LLP. You consider that Paradise Valley Farms LLP 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 Paradise Valley Farms LLP. 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.






Mitchell Glanville Limited
41 Rodney Road
Cheltenham
Gloucestershire
GL50 1HX


14 July 2025