REGISTERED NUMBER: OC338946 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

H G HEATH & SONS LLP

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

5,090,914

4,670,467

CURRENT ASSETS

Stocks

1,905,722

1,763,382

Debtors

5

1,932,108

2,211,230

Cash at bank and in hand

324,852

188,763

4,162,682

4,163,375

CREDITORS

Amounts falling due within one year

6

1,347,882

1,413,224

NET CURRENT ASSETS

2,814,800

2,750,151

TOTAL ASSETS LESS CURRENT LIABILITIES

7,905,714

7,420,618

CREDITORS

Amounts falling due after more than one year

7

1,419,236

723,307

NET ASSETS ATTRIBUTABLE TO MEMBERS

6,486,478

6,697,311

LOANS AND OTHER DEBTS DUE TO MEMBERS

9

1,545,408

1,803,078

MEMBERS' OTHER INTERESTS

Capital accounts

4,941,070

4,894,233

6,486,478

6,697,311

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

9

1,545,408

1,803,078

Members' other interests

4,941,070

4,894,233

Amounts due from members

5

(1,130,467

)

(1,484,818

)

5,356,011

5,212,493

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 10 October 2025 and were signed by:

R J Heath - Designated member

1.	STATUTORY INFORMATION

H G Heath & Sons LLP is a limited liability partnership. The limited liability partnership is registered in England under number OC338946 and the address of the registered office is Newbridges Farm, Blackwell, Shipston on Stour, Warwickshire, CV36 4JX.

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.

Turnover

Turnover represents net invoiced sales of goods and services, 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Land and buildings

-

10% on reducing balance and 2% on cost where provided

Implements & machinery

-

10% on reducing balance

Tractors

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Other assets

-

20% on reducing balance

Stocks

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

Crops in store and home bred animals are valued at deemed cost in accordance with H M Revenue and Customs guidance.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 20 (2024 - 18 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2024

3,707,802

3,926,534

7,634,336

Additions

-

886,839

886,839

Disposals

-

(152,735

)

(152,735

)

At 31 March 2025

3,707,802

4,660,638

8,368,440

DEPRECIATION

At 1 April 2024

664,478

2,299,391

2,963,869

Charge for year

38,470

330,044

368,514

Eliminated on disposal

-

(54,857

)

(54,857

)

At 31 March 2025

702,948

2,574,578

3,277,526

NET BOOK VALUE

At 31 March 2025

3,004,854

2,086,060

5,090,914

At 31 March 2024

3,043,324

1,627,143

4,670,467

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 April 2024

1,289,970

Additions

173,196

Disposals

(79,000

)

Transfer to ownership

(297,744

)

At 31 March 2025

1,086,422

DEPRECIATION

At 1 April 2024

416,090

Charge for year

136,122

Transfer to ownership

(139,111

)

At 31 March 2025

413,101

NET BOOK VALUE

At 31 March 2025

673,321

At 31 March 2024

873,880

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

553,173

446,533

Other debtors

1,378,935

1,764,697

1,932,108

2,211,230

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

380,759

119,285

Hire purchase contracts

187,912

227,578

Trade creditors

522,687

691,729

Other creditors

256,524

374,632

1,347,882

1,413,224

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

1,239,019

437,866

Hire purchase contracts

166,325

268,076

Other creditors

13,892

17,365

1,419,236

723,307

Amounts falling due in more than five years:

Repayable by instalments

Bank loans

926,011

245,039

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank overdrafts

265,911

33,345

Bank loans

1,353,867

523,806

Hire purchase contracts

354,237

495,654

1,974,015

1,052,805

Bank loans are secured by a fixed and floating charge over all assets and a mortgage over freehold property. Bank loans are also secured on freehold land of approximately 384 acres owned personally by the members Mr J W, Mrs D E, Mr M G, Mr R J and Mr C G Heath.

9.

LOANS AND OTHER DEBTS DUE TO MEMBERS

2025

2024

£

£

Amounts owed to members in respect of profits

1,545,408

1,803,078

Falling due within one year

1,545,408

1,803,078

In the event of a winding up the amounts included in ' Loans and other debts due to members' will rank equally with unsecured creditors.