Company No: OC404364 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2024		2023
		£		£
				Restated
Fixed assets
Tangible assets	3	6,676,373		14,378,372
		6,676,373		14,378,372
Current assets
Stocks		4,298,306		3,898,097
Debtors	4	230,543		68,476
Cash at bank and in hand		13,615		100,737
		4,542,464		4,067,310
Creditors: amounts falling due within one year	5	( 532,860)		( 554,354)
Net current assets		4,009,604		3,512,956
Total assets less current liabilities		10,685,977		17,891,328
Creditors: amounts falling due after more than one year	6	( 3,833,604)		( 2,503,368)
Net assets attributable to members		6,852,373		15,387,960
Represented by
Members' other interests
Members' capital classified as equity		12,604,326		20,026,677
Other reserves		(5,751,953)		(4,638,717)
		6,852,373		15,387,960
		6,852,373		15,387,960
Total members' interests
Members' other interests		6,852,373		15,387,960
		6,852,373		15,387,960

For the financial year ending 31 December 2024 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 members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Exton Park Vineyard LLP (registered number: OC404364) were approved and authorised for issue by the Board of Directors on 29 September 2025. They were signed on its behalf by:

Mr F A Y Langdale Designated member

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 year, unless otherwise stated.

General information and basis of accounting

Exton Park Vineyard 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 Abbey House, Warnford Road, Warnford, SO32 3LB, United Kingdom.

The financial statements have been prepared under the historical cost convention and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The functional currency of Exton Park Vineyard LLP is considered to be pounds sterling because that is the currency of the primary economic environment in which the LLP operates.

These financial statements are separate financial statements.

Prior year adjustment

A loan from a member between 2022 and 2023 of £2,033,210 was previously included within the accounts as members capital classified as equity. The reclassification of the amount has been included as a prior year adjustment to creditors: amounts falling due after more than one year. The introduction of interest of £97,895 on the loan has been included as a prior year adjustment to other reserves totalling £2,797 at 31 December 2022 and £95,098 at 31 December 2023.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Profit and Loss Account in the period in which they arise on monetary items.

Turnover

Turnover represents vineyard produce sold during the year, rental income and feed in tariffs which are recognised on an accruals basis.

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Pensions

Defined contribution pension plan

The LLP operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the LLP pays fixed contributions into a separate entity. Once the contributions have been paid the LLP has no further payment obligations.

The contributions are recognised as an expense in the profit and loss account when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the LLP in independently administered funds.

Tangible fixed assets

Tangible fixed assets are stated at cost, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings	not depreciated
	50 years straight line
Plant and machinery	4 - 20 years straight line
Vehicles	25 % reducing balance
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.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Leases

The LLP as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Stocks

Stock has been valued by the members at the lower of cost and net realisable value.

Financial instruments

Financial assets and financial liabilities are recognised on the balance sheet when the LLP becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and are measured at transaction price. A provision is established when there is objective evidence that the LLP will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank.

2. Employees

	2024		2023
	Number		Number
Monthly average number of persons employed by the LLP during the year	13		12

3. Tangible assets

	Land and buildings		Plant and machinery		Vehicles		Office equipment		Total
	£		£		£		£		£
Cost
At 01 January 2024	15,001,883		1,274,689		48,800		4,986		16,330,358
Additions	0		51,520		0		6,071		57,591
Revaluations	( 7,422,351)		0		0		0		( 7,422,351)
Disposals	0		( 8,640)		0		0		( 8,640)
At 31 December 2024	7,579,532		1,317,569		48,800		11,057		8,956,958
Accumulated depreciation
At 01 January 2024	1,105,520		820,729		21,350		4,387		1,951,986
Charge for the financial year	224,012		100,218		6,863		1,826		332,919
Disposals	0		( 4,320)		0		0		( 4,320)
At 31 December 2024	1,329,532		916,627		28,213		6,213		2,280,585
Net book value
At 31 December 2024	6,250,000		400,942		20,587		4,844		6,676,373
At 31 December 2023	13,896,363		453,960		27,450		599		14,378,372

4. Debtors

	2024		2023
	£		£
Trade debtors	62,529		62,462
Prepayments	59,510		1,305
VAT recoverable	8,504		4,709
Other debtors	100,000		0
	230,543		68,476

5. Creditors: amounts falling due within one year

	2024		2023
	£		£
Bank loans and overdrafts	396,515		439,992
Trade creditors	44,577		22,846
Accruals	54,320		70,340
Other taxation and social security	12,703		11,750
Obligations under finance leases and hire purchase contracts	22,823		8,724
Other creditors	1,922		702
	532,860		554,354

6. Creditors: amounts falling due after more than one year

	2024		2023
	£		£
Bank loans	296,996		350,207
Other loans	3,536,608		2,131,105
Obligations under finance leases and hire purchase contracts	0		22,056
	3,833,604		2,503,368

The bank loan is repayable by 29 July 2031 and is subject to interest at 2.86%. The loan is secured over land at Exton Park.

7. Pension commitments

The entity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the entity in an independently administered fund. The pension cost charge represents contributions payable by the entity to the fund and amounted to £10,843 (2023 - £10,024). Contributions totalling £nil (2023 - £nil) were payable to the fund at the balance sheet date and are included in other taxation and social security.