REGISTERED NUMBER: OC439434 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

FOR

THE GRANGE HAMPSHIRE LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

Lord M F R Ashburton

The Hon A N J Baring

REGISTERED OFFICE:

Estate Office Folly Hill

Itchen Stoke

Alresford

Hampshire

SO24 9TF

REGISTERED NUMBER:

OC439434 (England and Wales)

ACCOUNTANTS:

Martin and Company

25 St Thomas Street

Winchester

Hampshire

SO23 9HJ

FIXED ASSETS

Tangible assets

4

62,624,304

64,112,742

CURRENT ASSETS

Stocks

598,158

660,562

Debtors

5

6,874,717

5,157,023

Cash at bank and in hand

9,660

562

7,482,535

5,818,147

CREDITORS

Amounts falling due within one year

6

2,712,022

3,051,626

NET CURRENT ASSETS

4,770,513

2,766,521

TOTAL ASSETS LESS CURRENT LIABILITIES

67,394,817

66,879,263

CREDITORS

Amounts falling due after more than one year

7

10,930,228

12,102,832

NET ASSETS ATTRIBUTABLE TO MEMBERS

56,464,589

54,776,431

LOANS AND OTHER DEBTS DUE TO MEMBERS

56,464,589

54,776,431

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

56,464,589

54,776,431

Amounts due from members

5

(2,711,032

)

(1,936,576

)

53,753,557

52,839,855

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 31st 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 5th November 2025 and were signed by:

Lord M F R Ashburton - Designated member

The Hon A N J Baring - Designated member

1.	STATUTORY INFORMATION

The Grange Hampshire 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 etc

-

33% on cost, 25% on reducing balance, 25% on cost and 20% on cost

Stocks

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

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 9 (2024 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1st April 2024

63,177,317

1,094,503

64,271,820

Additions

-

581,678

581,678

Disposals

(1,625,000

)

(372,908

)

(1,997,908

)

At 31st March 2025

61,552,317

1,303,273

62,855,590

DEPRECIATION

At 1st April 2024

29,395

129,683

159,078

Charge for year

14,711

58,436

73,147

Eliminated on disposal

-

(939

)

(939

)

At 31st March 2025

44,106

187,180

231,286

NET BOOK VALUE

At 31st March 2025

61,508,211

1,116,093

62,624,304

At 31st March 2024

63,147,922

964,820

64,112,742

5.

DEBTORS

2025

2024

£

£

Amounts falling due within one year:

Trade debtors

174,564

377,821

Other debtors

2,793,079

2,075,916

2,967,643

2,453,737

Amounts falling due after more than one year:

Other debtors

3,907,074

2,703,286

Aggregate amounts

6,874,717

5,157,023

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

450,489

974,199

Trade creditors

285,932

157,723

Other creditors

1,975,601

1,919,704

2,712,022

3,051,626

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

10,930,228

12,083,698

Hire purchase contracts

-

19,134

10,930,228

12,102,832

Amounts falling due in more than five years:

Repayable by instalments

Barclays Loans

10,930,228

8,635,897

NatWest Loans

-

3,447,801

10,930,228

12,083,698

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

10,930,228

12,083,698