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REGISTERED NUMBER: OC447922 (England and Wales)













Unaudited Financial Statements

for the Year Ended 5 April 2025

for

KGF Agriculture & Aggregates LLP

KGF Agriculture & Aggregates LLP (Registered number: OC447922)






Contents of the Financial Statements
for the Year Ended 5 April 2025




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KGF Agriculture & Aggregates LLP

General Information
for the Year Ended 5 April 2025







DESIGNATED MEMBERS: C L Todd
G M Todd





REGISTERED OFFICE: Kirby Grange
Kirby Wiske
THIRSK
North Yorkshire
YO7 4EU





REGISTERED NUMBER: OC447922 (England and Wales)





ACCOUNTANTS: Clive Owen LLP
Chartered Accountants
140 Coniscliffe Road
DARLINGTON
Co Durham
DL3 7RT

KGF Agriculture & Aggregates LLP (Registered number: OC447922)

Balance Sheet
5 April 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,166,247 1,148,995

CURRENT ASSETS
Stocks 5 49,506 -
Debtors 6 1,382 52,928
Cash at bank 35,221 81,989
86,109 134,917
CREDITORS
Amounts falling due within one year 7 64,171 97,137
NET CURRENT ASSETS 21,938 37,780
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,188,185

1,186,775

CREDITORS
Amounts falling due after more than one
year

8

931,230

973,560
NET ASSETS ATTRIBUTABLE TO
MEMBERS

256,955

213,215

LOANS AND OTHER DEBTS DUE TO
MEMBERS

256,955

213,215

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 256,955 213,215

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 5 April 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.

KGF Agriculture & Aggregates LLP (Registered number: OC447922)

Balance Sheet - continued
5 April 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 24 July 2025 and were signed by:





C L Todd - Designated member

KGF Agriculture & Aggregates LLP (Registered number: OC447922)

Notes to the Financial Statements
for the Year Ended 5 April 2025

1. STATUTORY INFORMATION

KGF Agriculture & Aggregates LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General 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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

There were no material departures from that standard.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Income is recognised when goods and services have been provided to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant & Machinery - 25% Straight Line
Motor Vehicles - 25% Reducing Balance

No depreciation charged on freehold land or property improvements due to the nature of the assets.

Government grants
Government grants are recognised on the accruals basis. Grants relating to assets are recognised in the profit and loss account over the expected life of the asset. Other grants are recognised in the profit and loss account over the period in which the related costs are recognised. Grant monies received but deferred to future periods are included in the balance sheet in creditors.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Basic financial instruments are recognised at amortised cost with changes recognised in profit or loss.

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. EMPLOYEE INFORMATION

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

KGF Agriculture & Aggregates LLP (Registered number: OC447922)

Notes to the Financial Statements - continued
for the Year Ended 5 April 2025

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and Motor
property property machinery vehicles Totals
£    £    £    £    £   
COST
At 6 April 2024 1,000,000 87,392 64,138 18,000 1,169,530
Additions - 12,575 28,081 - 40,656
At 5 April 2025 1,000,000 99,967 92,219 18,000 1,210,186
DEPRECIATION
At 6 April 2024 - - 16,035 4,500 20,535
Charge for year - - 18,904 4,500 23,404
At 5 April 2025 - - 34,939 9,000 43,939
NET BOOK VALUE
At 5 April 2025 1,000,000 99,967 57,280 9,000 1,166,247
At 5 April 2024 1,000,000 87,392 48,103 13,500 1,148,995

5. STOCKS
2025 2024
£    £   
Stocks 49,506 -

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors - 3,000
VAT debtor - 49,121
Prepayments 1,382 807
1,382 52,928

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts (see note 9) 46,294 41,300
Trade creditors 11,329 53,837
Social security and other taxes 1,848 -
Accruals and deferred income 2,100 2,000
Deferred grants 2,600 -
64,171 97,137

KGF Agriculture & Aggregates LLP (Registered number: OC447922)

Notes to the Financial Statements - continued
for the Year Ended 5 April 2025

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Bank loans (see note 9) 924,297 973,560
Deferred grants 6,933 -
931,230 973,560

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 739,121 808,360

9. LOANS

An analysis of the maturity of loans is given below:

2025 2024
£    £   
Amounts falling due within one year or on demand:
Bank loans - less than 1 yr 46,294 41,300

Amounts falling due between two and five years:
Bank loans - 2-5 years 185,176 165,200

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 739,121 808,360

10. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
£    £   
Bank loans 970,591 1,014,860

Bank loans are secured against the freehold land.