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Company No: OC388620 (England and Wales)

HCT TURF LLP

Unaudited Financial Statements
For the financial year ended 31 March 2025
Pages for filing with the registrar

HCT TURF LLP

Unaudited Financial Statements

For the financial year ended 31 March 2025

Contents

HCT TURF LLP

BALANCE SHEET

As at 31 March 2025
HCT TURF LLP

BALANCE SHEET (continued)

As at 31 March 2025
Note 31.03.2025 31.03.2024
£ £
Fixed assets
Tangible assets 3 199,174 280,459
199,174 280,459
Current assets
Stocks 92,096 83,981
Debtors 4 211,035 161,663
Cash at bank and in hand 147,979 255,938
451,110 501,582
Creditors: amounts falling due within one year 5 ( 128,279) ( 143,459)
Net current assets 322,831 358,123
Total assets less current liabilities 522,005 638,582
Net assets attributable to members 522,005 638,582
Represented by
Loans and other debts due to members within one year
Other amounts 522,005 638,582
522,005 638,582
Members' other interests
0 0
522,005 638,582
Total members' interests
Loans and other debts due to members 522,005 638,582
522,005 638,582

For the financial year 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:

HCT Turf LLP has no equity and, in accordance with the provisions contained within the Statement of Recommended Practice "Accounting by Limited Liability Partnerships", has not presented a Statement of Changes in Equity.

The financial statements of HCT Turf LLP (registered number: OC388620) were approved and authorised for issue by the Board of Directors on 07 August 2025. They were signed on its behalf by:

Mrs S Dennis
Designated member
HCT TURF LLP

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
HCT TURF LLP

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
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 period, unless otherwise stated.

General information and basis of accounting

HCT Turf LLP 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 Centenary House, Peninsula Park, Rydon Lane, Exeter, EX2 7XE, United Kingdom. The principal place of business is The Old Stable, Newcourt Barton, Clyst Road, Topsham, Exeter, EX3 0DB.

The financial statements have been prepared under the historical cost convention, modified to include 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 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.

Members' remuneration and division of profits

The LLP agreement provides that fixed amounts, determined for each member each year, be paid to members, irrespective of the profits of the LLP. These amounts are included within members' remuneration charged to the profit and loss account.

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:

Plant and machinery 6.6 years straight line
Vehicles 5 years straight line
Fixtures and fittings 5 years straight line
Office equipment 4 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.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Provision is made for obsolete, slow-moving or defective items where appropriate.

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.

Members' Interests

Members' capital is repayable on retirement of the member and is therefore classified as a liability.

2. Employees

Year ended
31.03.2025
Period from
01.01.2023 to
31.03.2024
Number Number
Monthly average number of persons employed by the LLP during the year 8 9

3. Tangible assets

Plant and machinery Vehicles Fixtures and fittings Office equipment Total
£ £ £ £ £
Cost
At 01 April 2024 620,258 123,349 245,642 6,447 995,696
Additions 12,399 0 0 1,398 13,797
Disposals ( 12,950) 0 0 0 ( 12,950)
At 31 March 2025 619,707 123,349 245,642 7,845 996,543
Accumulated depreciation
At 01 April 2024 454,539 82,207 172,351 6,140 715,237
Charge for the financial year 56,548 16,173 21,900 461 95,082
Disposals ( 12,950) 0 0 0 ( 12,950)
At 31 March 2025 498,137 98,380 194,251 6,601 797,369
Net book value
At 31 March 2025 121,570 24,969 51,391 1,244 199,174
At 31 March 2024 165,719 41,142 73,291 307 280,459

Included in Fixtures and fittings are the purchase of tractors

4. Debtors

31.03.2025 31.03.2024
£ £
Trade debtors 193,668 149,995
Other debtors 17,367 11,668
211,035 161,663

5. Creditors: amounts falling due within one year

31.03.2025 31.03.2024
£ £
Trade creditors 41,447 72,440
Other taxation and social security 64,679 49,109
Other creditors 22,153 21,910
128,279 143,459