REGISTERED NUMBER: OC361678 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

LEDDRA FARMS LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Accountants' Report

7

DESIGNATED MEMBERS:

A L Leddra

T J P Leddra

J L Leddra

J M J Leddra

REGISTERED OFFICE:

20 Havelock Road

Hastings

East Sussex

TN34 1BP

REGISTERED NUMBER:

OC361678 (England and Wales)

ACCOUNTANTS:

Ashdown Hurrey

Chartered Accountants & Business Advisers

20 Havelock Road

Hastings

East Sussex

TN34 1BP

FIXED ASSETS

Tangible assets

4

129,822

117,117

CURRENT ASSETS

Stocks

5

273,551

289,654

Debtors

6

101,027

71,795

Cash at bank

65,300

10,088

439,878

371,537

CREDITORS

Amounts falling due within one year

7

117,768

86,150

NET CURRENT ASSETS

322,110

285,387

TOTAL ASSETS LESS CURRENT LIABILITIES

451,932

402,504

CREDITORS

Amounts falling due after more than one year

8

11,404

-

NET ASSETS ATTRIBUTABLE TO MEMBERS

440,528

402,504

LOANS AND OTHER DEBTS DUE TO MEMBERS

10

440,528

402,504

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

10

440,528

402,504

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.

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 23 September 2025 and were signed by:

A L Leddra - Designated member

T J P Leddra - Designated member

1.	STATUTORY INFORMATION

Leddra 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.

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.

The members have made an assessment about the partnerships ability to continue as a going concern and they do not consider there to be any material uncertainties. As a result they have adopted the going concern basis of accounting.

Turnover

Turnover represents the sale of livestock, excluding value added tax.

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

Piggery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stock is measured at fair value of the total herd maintained as at the year end in accordance with H M Revenue & Customs guidance HS232 Farm Stock Valuation (2017).

Pension costs and other post-retirement benefits

The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 5 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

Piggery

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

254,305

2,893

13,740

691

271,629

Additions

56,779

1,557

2,495

-

60,831

Disposals

(40,607

)

-

-

(691

)

(41,298

)

Reclassification/transfer

(51,036

)

51,036

-

-

-

At 31 March 2025

219,441

55,486

16,235

-

291,162

DEPRECIATION

At 1 April 2024

141,718

2,820

9,283

691

154,512

Charge for year

33,527

8,010

1,738

-

43,275

Eliminated on disposal

(35,675

)

-

-

(691

)

(36,366

)

Reclassification/transfer

(20,708

)

20,627

-

-

(81

)

At 31 March 2025

118,862

31,457

11,021

-

161,340

NET BOOK VALUE

At 31 March 2025

100,579

24,029

5,214

-

129,822

At 31 March 2024

112,587

73

4,457

-

117,117

5.

STOCKS

31.3.25

31.3.24

£

£

Stocks

273,551

289,654

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

81,885

45,541

Social security and other tax

18,091

25,338

Prepayments

1,051

916

101,027

71,795

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

10,224

38,210

Trade creditors

98,287

40,601

Social security and other taxes

4,901

3,064

Other creditors

739

658

Accrued expenses

3,617

3,617

117,768

86,150

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans - 1-2 years

3,465

-

Bank loans - 2-5 years

7,939

-

11,404

-

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Bank overdraft

-

38,210

Bank loans

21,628

-

21,628

38,210

Barclays Bank plc hold a charge given by the LLP for all monies due or to become due from the LLP to the chargee on any account whatsoever. The charge is a fixed and floating charge over all of the assets present and future as owned by the LLP.

10.

LOANS AND OTHER DEBTS DUE TO MEMBERS

The amounts shown in 'Loans and other debts due to member's' would rank after other unsecured creditors in the event of a winding up.

11.	RELATED PARTY DISCLOSURES

During the period the LLP paid rent of £25,000 to T J P Leddra and A L Leddra for the use of the land at Steyning. The business is operated on this land.

In addition, the LLP paid T J P Leddra and A L Leddra £312 for the use of their residence as an office.

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 accordance with our terms of engagement we have prepared for your approval the attached financial statements from the business accounting records and from information and explanations you have given to us.

The financial statements have been compiled using the going concern and historical cost basis. It is not intended to achieve full compliance with the provisions of UK Generally Accepted Accounting Principles.

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 at icaew.com/membershandbook.

This report is made solely to you, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the financial information and state those matters that we have agreed to state to you in this report in accordance with the guidance of ICAEW as detailed at icaew.com/compilation and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the person to whom this report is addressed for our work or for this report.

You have approved the financial statements for the period described above, and have acknowledged your responsibility for them, for the appropriateness of the financial reporting framework adopted and for providing all information and explanations necessary for their compilation.

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 financial statements.

Ashdown Hurrey

Chartered Accountants & Business Advisers

20 Havelock Road

Hastings

East Sussex

TN34 1BP

24 September 2025