Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-31 2025-03-31 12 2024-04-01 false The principal activity of the LLP during the year was that of a pharmacy.10 true true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false OC368604 2024-04-01 2025-03-31 OC368604 2023-04-01 2024-03-31 OC368604 2025-03-31 OC368604 2024-03-31 OC368604 c:Buildings c:LongLeaseholdAssets 2024-04-01 2025-03-31 OC368604 c:Buildings c:LongLeaseholdAssets 2025-03-31 OC368604 c:Buildings c:LongLeaseholdAssets 2024-03-31 OC368604 c:PlantMachinery 2024-04-01 2025-03-31 OC368604 c:PlantMachinery 2025-03-31 OC368604 c:PlantMachinery 2024-03-31 OC368604 c:PlantMachinery c:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 OC368604 c:FurnitureFittings 2024-04-01 2025-03-31 OC368604 c:ComputerEquipment 2024-04-01 2025-03-31 OC368604 c:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 OC368604 c:PatentsTrademarksLicencesConcessionsSimilar 2025-03-31 OC368604 c:PatentsTrademarksLicencesConcessionsSimilar 2024-03-31 OC368604 c:CurrentFinancialInstruments 2025-03-31 OC368604 c:CurrentFinancialInstruments 2024-03-31 OC368604 c:Non-currentFinancialInstruments 2025-03-31 OC368604 c:Non-currentFinancialInstruments 2024-03-31 OC368604 c:CurrentFinancialInstruments c:WithinOneYear 2025-03-31 OC368604 c:CurrentFinancialInstruments c:WithinOneYear 2024-03-31 OC368604 c:Non-currentFinancialInstruments c:AfterOneYear 2025-03-31 OC368604 c:Non-currentFinancialInstruments c:AfterOneYear 2024-03-31 OC368604 c:Non-currentFinancialInstruments c:BetweenOneTwoYears 2025-03-31 OC368604 c:Non-currentFinancialInstruments c:BetweenOneTwoYears 2024-03-31 OC368604 c:Non-currentFinancialInstruments c:BetweenTwoFiveYears 2025-03-31 OC368604 c:Non-currentFinancialInstruments c:BetweenTwoFiveYears 2024-03-31 OC368604 c:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2025-03-31 OC368604 c:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2024-03-31 OC368604 c:FinancialLiabilitiesFairValueThroughProfitOrLoss c:UnlistedNon-exchangeTraded 2025-03-31 OC368604 c:FinancialLiabilitiesFairValueThroughProfitOrLoss c:UnlistedNon-exchangeTraded 2024-03-31 OC368604 d:FRS102 2024-04-01 2025-03-31 OC368604 d:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 OC368604 d:FullAccounts 2024-04-01 2025-03-31 OC368604 d:LimitedLiabilityPartnershipLLP 2024-04-01 2025-03-31 OC368604 c:WithinOneYear 2025-03-31 OC368604 c:WithinOneYear 2024-03-31 OC368604 c:BetweenOneFiveYears 2025-03-31 OC368604 c:BetweenOneFiveYears 2024-03-31 OC368604 c:MoreThanFiveYears 2025-03-31 OC368604 c:MoreThanFiveYears 2024-03-31 OC368604 c:PatentsTrademarksLicencesConcessionsSimilar c:OwnedIntangibleAssets 2024-04-01 2025-03-31 OC368604 d:PartnerLLP1 2024-04-01 2025-03-31 OC368604 c:OtherCapitalInstrumentsClassifiedAsEquity 2025-03-31 OC368604 c:OtherCapitalInstrumentsClassifiedAsEquity 2024-03-31 OC368604 c:FurtherSpecificReserve2ComponentTotalEquity 2025-03-31 OC368604 c:FurtherSpecificReserve2ComponentTotalEquity 2024-03-31 OC368604 c:FurtherSpecificReserve3ComponentTotalEquity 2025-03-31 OC368604 c:FurtherSpecificReserve3ComponentTotalEquity 2024-03-31 OC368604 e:PoundSterling 2024-04-01 2025-03-31 iso4217:GBP xbrli:pure

Registered number: OC368604 HOPE FARM HEALTHCARE LLP UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 31 MARCH 2025
HOPE FARM HEALTHCARE LLP CONTENTS
| Page
Members' Report | 1
Statement of Financial Position | 2 - 4
Reconciliation of Members' Interests | 5
Notes to the Financial Statements | 6 - 16
HOPE FARM HEALTHCARE LLP MEMBERS' REPORT FOR THE YEAR ENDED 31 MARCH 2025 The Members present their annual report together with the financial statements of Hope Farm Healthcare LLP ("the LLP") for the year ended 31 March 2025. Principal activities The principal activity of the LLP during the year was that of a pharmacy. Designated Members The Designated Members who held office during the year and up to the date of signature of the financial statements were as follows: Community Pharmacies (UK) Limited Hope Farm Services Ltd Members' capital and interests Each Member's subscription to the capital of the LLP is determined in accordance with the terms of the LLP Agreement. Details of changes in Members' capital in the year ended 31 March 2025 are set out in the Reconciliation of Members' Interests. Members are remunerated from the profits of the LLP and are required to make their own provision for tax, pensions and other benefits. Profits are allocated and divided between Members after finalisation of the financial statements. Members may draw a proportion of their profit share monthly during the year in which it is made, with the balance of profits being distributed after the year, subject to the cash requirements of the business. This report was approved by the Members and signed on their behalf by:
................................................ Community Pharmacies (UK) Limited Designated Member
Date: 14 October 2025
Page 1
HOPE FARM HEALTHCARE LLP REGISTERED NUMBER: OC368604 STATEMENT OF FINANCIAL POSITION AS AT 31 MARCH 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Intangible assets | 4 |  | 684,791 |  | 691,846
Tangible assets | 5 |  | 26,852 |  | 36,332
|  |  | 711,643 |  | 728,178
Current assets |  |  |  |  |
Stocks | 6 | 54,543 |  | 55,851 |
Debtors: amounts falling due within one year | 7 | 176,380 |  | 179,617 |
Cash at bank and in hand | 8 | 918 |  | 1,912 |
|  | 231,841 |  | 237,380 |
Creditors: amounts falling due within one year | 9 | (348,096) |  | (369,958) |
Net current liabilities |  |  | (116,255) |  | (132,578)
Total assets less current liabilities |  |  | 595,388 |  | 595,600
Creditors: amounts falling due after more than one year | 10 |  | (530,538) |  | (587,198)
|  |  | 64,850 |  | 8,402
Net assets |  |  | 64,850 |  | 8,402
Page 2
HOPE FARM HEALTHCARE LLP REGISTERED NUMBER: OC368604 STATEMENT OF FINANCIAL POSITION (CONTINUED) AS AT 31 MARCH 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Represented by: |  |  |  |  |
Loans and other debts due to members within one year |  |  |  |  |
Amounts due in respect of profits |  |  | 87,046 |  | 31,060
Other amounts |  |  | 6,806 |  | 6,344
|  |  | 93,852 |  | 37,404
Members' other interests |  |  |  |  |
Members' capital classified as equity |  | 2 |  | 2 |
Other reserves |  | (29,004) |  | (29,004) |
|  |  | (29,002) |  | (29,002)
|  |  | 64,850 |  | 8,402
Total members' interests |  |  |  |  |
Loans and other debts due to Members |  |  | 93,852 |  | 37,404
Members' other interests |  |  | (29,002) |  | (29,002)
|  |  | 64,850 |  | 8,402
The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small LLPs regime. The entity 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. 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. The financial statements have been delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The entity has opted not to file the statement of comprehensive income in accordance with the provisions applicable to entities subject to the small LLPs regime. The financial statements were approved and authorised for issue by the Members and were signed on their behalf by:
................................................ Community Pharmacies (UK) Limited
Designated Member
Date:14 October 2025
Page 3
HOPE FARM HEALTHCARE LLP REGISTERED NUMBER: OC368604 STATEMENT OF FINANCIAL POSITION (CONTINUED) AS AT 31 MARCH 2025 The notes on pages 6 to 16 form part of these financial statements. Page 4
HOPE FARM HEALTHCARE LLP RECONCILIATION OF MEMBERS' INTERESTS FOR THE YEAR ENDED 31 MARCH 2025
| EQUITY Members' other interests | DEBT Loans and other debts due to members less any amounts due from members in debtors | Total members' interests
| Members' capital (classified as equity) | Other reserves | Total | Amounts due in respect of profits | Other amounts | Total | Total
| £ | £ | £ | £ | £ | £ | £
Amounts due to/(from) Members |  |  |  | 78,709 | 4,562 | 83,271 |
Balance at 1 April 2023 | 2 | (29,004) | (29,002) | 78,709 | 4,562 | 83,271 | 54,269
Members' remuneration charged as an expense | - | - | - | 48,351 | 15,993 | 64,344 | 64,344
Drawings | - | - | - | (96,000) | (15,993) | (111,993) | (111,993)
Introduced by members | - | - | - | - | 1,782 | 1,782 | 1,782
Amounts due to/(from) Members |  |  |  | 31,060 | 6,344 | 37,404 |
Balance at 31 March 2024 | 2 | (29,004) | (29,002) | 31,060 | 6,344 | 37,404 | 8,402
Members' remuneration charged as an expense | - | - | - | 87,986 | 17,191 | 105,177 | 105,177
Drawings | - | - | - | (32,000) | (17,191) | (49,191) | (49,191)
Introduced by Members | - | - | - | - | 462 | 462 | 462
Amounts due to Members |  |  |  | 87,046 | 6,806 | 93,852 |
Balance at 31 March 2025 | 2 | (29,004) | (29,002) | 87,046 | 6,806 | 93,852 | 64,850
The notes on pages 6 to 16 form part of these financial statements.
There are no existing restrictions or limitations which impact the ability of the Members of the LLP to reduce the amount of Members' other interests.
Page 5
HOPE FARM HEALTHCARE LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
1. | General information
Hope Farm Healthcare LLP ("the LLP") is a limited liability partnership incorporated in England and Wales. The registered office is 2 Peterwood Way, Croydon, Surrey, United Kingdom, CR0 4UQ. The LLP's principal activities and nature of its operations are disclosed in the Members' Report. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006 and the requirements of the Statement of Recommended Practice "Accounting by Limited Liability Partnerships". The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the LLP's accounting policies. The financial statements are prepared in sterling, which is the functional currency of the limited liability partnership. Monetary amounts in these financial statements are rounded to the nearest £. The following principal accounting policies have been applied:
| 2.2 | Going concern
The financial statements have been prepared on a going concern basis which assumes the LLP will continue to be able to meet its financial obligations as they fall due. The pharmacy continues to trade in line with expectations both financially and operationally. The Members believe the LLP has sufficient current and future cash reserves and facilities available for it to meet its liabilities including financing obligations. THe Members will continue to provide additional financial support to the business, if required, to ensure that it is able to meet its financial obligations as they fall due.
| 2.3 | Turnover
Turnover is shown, net of Value Added Tax, for goods and services provided to customers. Page 6
HOPE FARM HEALTHCARE LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.4 | Members' participation rights
Members' participation rights are the rights of a Member against the LLP that arise under the Members' agreement (for example, in respect of amounts subscribed or otherwise contributed, remuneration and profits). Members' participation rights in the earnings or assets of the LLP are analysed between those that are, from the LLP's perspective, either a financial liability or equity, in accordance with section 22 of FRS 102. Members' participation rights, including amounts subscribed or otherwise contributed by members, for example Members' capital, are classed as liabilities unless the LLP has an unconditional right to refuse payment to Members, in which case they are classified as equity. All amounts due to Members that are classified as liabilities are presented within 'Loans and other debtsdue to Members' and, where such an amount relates to current year profits, they are recognised within ‘Members' remuneration charged as an expense’ in arriving at the relevant year’s result. Unallocated amounts that are classified as equity are shown within ‘Members' other interests’. Amounts recoverable from Members are presented as debtors and shown as amounts due from Members within Members’ interests. Where there exists an asset and liability component in respect of an individual Member’s participation rights, they are presented on a gross basis unless the LLP has both a legally enforceable right to set off the recognised amounts and it intends either to settle on a net basis or to settle and realise these amounts simultaneously, in which case they are presented net. Whilst the Members’ agreement does not differentiate between profits and losses for profit sharing purposes, it does stipulate that the LLP cannot demand additional contributions from Members and as a result the LLP does not have an unconditional right to demand payment from Members for losses. Therefore, they are not recognised as a recoverable asset and so remain within equity as other reserves. Other amounts applied to Members, for example remuneration paid under an employment contract and interest on capital balances, are treated in the same way as all other divisions of profits, as described above, according to whether the LLP has, in each case, an unconditional right to refuse payment. Amounts payable to Members under employment contracts and unavoidable interest on Members capital are charged to “Members remuneration charged as an expense” in the relevant year.
| 2.5 | Operating leases: the LLP as lessee
Rentals paid under operating leases are charged to the Statement of Comprehensive Income on a straight-line basis over the lease term.
| 2.6 | Finance costs
Finance costs are charged to the Statement of Comprehensive Income over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument. Page 7
HOPE FARM HEALTHCARE LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.7 | Borrowing costs
All borrowing costs are recognised in the Statement of Comprehensive Income in the year in which they are incurred.
| 2.8 | Pensions
Defined contribution pension plan The LLP operates a defined contribution pension plan for its employees. A defined contribution pension 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 Statement of Comprehensive Income when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the LLP in independently administered funds.
| 2.9 | Intangible assets
Intangible assets comprise a licence to trade as a pharmacy. Intangible assets are stated at cost less amortisation and are reviewed for impairment whenever there is an indication that the carrying value may be impaired. All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years. The estimated useful lives range as follows: Licence - 100 years
| 2.10 | Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives. Depreciation is provided on the following basis:
|  |  |  | Leasehold property | - | 6.67% straight-line
|  |  |  | Plant and machinery | - | 33.33% straight-line
|  |  |  | Fixtures and fittings | - | 20% straight-line/15% reducing balance
|  |  |  | Computer equipment | - | 33% straight-line
The assets' residual values, useful lives and depreciation methods are reviewed and, if appropriate, adjusted prospectively if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Comprehensive Income. Page 8
HOPE FARM HEALTHCARE LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.11 | Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads. At each reporting date, an assessment is made for impairment. Any excess of the carrying amounts of stocks over their estimated selling price less costs to complete and sell is recognised as an impairment loss in the Statement of Comprehensive Income. Reversals of impairment losses are also recognised in the Statement of Comprehensive Income.
| 2.12 | Debtors
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
| 2.13 | Cash and cash equivalents
Cash and cash equivalents include cash in hand and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
| 2.14 | Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
| 2.15 | Financial instruments
The LLP only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares. Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income. For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract. For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the LLP would receive for the asset if it were to be sold at the reporting date. Financial assets and liabilities are offset and the net amount reported in the Statement of Financial Position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Page 9
HOPE FARM HEALTHCARE LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.16 | Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense unless those costs are required to be recognised as part of the cost of stock or fixed assets. The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received. Termination benefits are recognised immediately as an expense when the LLP is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
3. | Employees
| The average monthly number of persons (including Members with contracts of employment) employed during the year was as follows:
|  |  | 2025 | 2024
|  |  | No. | No.
|  | Pharmacy staff | 10 | 12
Page 10
HOPE FARM HEALTHCARE LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
4. | Intangible assets
|  | Licence
|  | £
| Cost |
| At 1 April 2024 | 705,508
| At 31 March 2025 | 705,508
| Amortisation |
| At 1 April 2024 | 13,661
| Charge for the year on owned assets | 7,056
| At 31 March 2025 | 20,717
| Net book value |
| At 31 March 2025 | 684,791
| At 31 March 2024 | 691,846
Page 11
HOPE FARM HEALTHCARE LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
5. | Tangible fixed assets
|  | Leasehold property | Fixtures and fittings and Computer equipment | Total
|  | £ | £ | £
| Cost |  |  |
| At 1 April 2024 | 105,148 | 31,009 | 136,157
| At 31 March 2025 | 105,148 | 31,009 | 136,157
| Depreciation |  |  |
| At 1 April 2024 | 84,053 | 15,772 | 99,825
| Charge for the year on owned assets | 7,024 | 2,456 | 9,480
| At 31 March 2025 | 91,077 | 18,228 | 109,305
| Net book value |  |  |
| At 31 March 2025 | 14,071 | 12,781 | 26,852
| At 31 March 2024 | 21,095 | 15,237 | 36,332
Page 12
HOPE FARM HEALTHCARE LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
6. | Stocks
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Finished goods and goods for resale | 54,543 | 55,851
|  | 54,543 | 55,851
| Stock recognised as an expense in cost of sales during the year was £1,186,372 (2024 - £1,103,378).
7. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | 136,213 | 140,996
| Other debtors | 34,423 | 35,001
| Prepayments and accrued income | 5,744 | 3,620
|  | 176,380 | 179,617
8. | Cash and cash equivalents
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Cash at bank and in hand | 918 | 1,912
| Less: bank overdrafts | (7,765) | (32,150)
|  | (6,847) | (30,238)
Page 13
HOPE FARM HEALTHCARE LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
9. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank overdrafts | 7,765 | 32,150
| Bank loans | 86,794 | 86,794
| Trade creditors | 212,368 | 226,506
| Other taxation and social security | - | 3,594
| Other creditors | 13,840 | 10,714
| Accruals and deferred income | 27,329 | 10,200
|  | 348,096 | 369,958
| Bank loans and overdrafts for which security has been given amounted to £94,559 (2024 - £118,944).
10. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loans | 530,538 | 587,198
|  | 530,538 | 587,198
| Included in the above are the following: The aggregate amount of creditors, falling due after more than one year, for which security has been given amounted to £530,538 (2024 - £587,198). The bank loan is repayable by equal monthly installments. Interest will be charged at 3% per annum over the base rate. The following securitites have been given over the bank loan: a) Debenture comprising fixed and floating charges over all the assets and undertaking of the LLP b) A guarantee in favour of the lender from Simon Powell for an amount limited to £247,000 c) A guarantee in favour of the lender from Susan Kingston for an amount limited to £123,000 b) A guarantee in favour of the lender from Day Lewis PLC for an amount limited to £370,000
11. | Loans and other debts due to Members
In the event of a winding up the amounts included in "Loans and other debts due to Members" will rank equally with unsecured creditors. Page 14
HOPE FARM HEALTHCARE LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
12. | Loans
| Analysis of the maturity of loans is given below:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Amounts falling due within one year |  |
| Bank loans | 86,794 | 86,794
|  | 86,794 | 86,794
| Amounts falling due 1-2 years |  |
| Bank loans | 86,794 | 86,794
|  | 86,794 | 86,794
| Amounts falling due 2-5 years |  |
| Bank loans | 443,744 | 500,404
|  | 443,744 | 500,404
|  | 617,332 | 673,992
13. | Financial instruments
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Financial assets |  |
| Financial assets measured at fair value through profit or loss | 918 | 1,912
| Financial assets measured at amortised cost | 165,361 | 179,617
|  | 166,279 | 181,529
| Financial liabilities |  |
| Financial liabilities measured at fair value | (625,097) | (706,142)
| Financial liabilities measured at amortised cost | (253,537) | (247,419)
|  | (878,634) | (953,561)
Page 15
HOPE FARM HEALTHCARE LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
14. | Pension commitments
The LLP operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the LLP in an independently administered fund. The pension cost charge represents contributions payable by the LLP to the fund and amounted to £3,815 (2024 - £4,571). Contributions totalling £nil (2024 - £713) were payable to the fund at the Balance Sheet date and are included in creditors.
15. | Commitments under operating leases
| At 31 March 2025 the LLP had future minimum lease payments due under non-cancellable operating leases for each of the following periods:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Not later than 1 year | 14,316 | 14,316
| Later than 1 year and not later than 5 years | 57,264 | 57,264
| Later than 5 years | 43,301 | 57,617
|  | 114,881 | 129,197
16. | Related party transactions
| Community Pharmacies (UK) Limited is a designated Member. During the year management charges payable to Community Pharmacies (UK) Limited amounted to £17,191 (2024 - £15,993). During the year expenses totalling £55,683 (2024 - £23,187) were paid by Community Pharmacies (UK) Limited. As at 31 March 2025 the LLP owed £6,805 (2024 - £6,344) to Community Pharmacies (UK) Limited. Hope Farm Services Ltd is a designated Member. The LLP rents the pharmacy property from certain directors and shareholders of Hope Farm Services Ltd. The total expense during the period was £14,316 (2024 - £14,316). During the year the LLP made purchases totalling £533,008 (2024 - £522,464) from Day Lewis Medical Limited, a fellow subsidiary of the parent company of Community Pharmacies (UK) Limited, Day Lewis Plc. As at 31 March 2025, the LLP owed £114,721 (2024 - £97,375) to Day Lewis Medical Limited.
Page 16