Registered number
OC308623
Fragrant Finds LLP
Unaudited Filleted Accounts
31 March 2025

Fragrant Finds LLP
Registered number: | OC308623
Balance Sheet
as at 31 March 2025
Notes |  | 2025 |  | 2024
£ | £
Fixed assets
Tangible assets | 3 |  | 416,005 |  | 437,440
Current assets |  |  |  |  |
Stocks |  |  | 35,000 |  | 50,000
Debtors and prepayments | 4 |  | 164,480 |  | 89,042
Cash at bank and in hand |  |  | 48,594 |  | 84,300
|  |  | 248,074 |  | 223,342
Creditors: amounts falling due within one year | 5 |  | (91,497) |  | (40,553)
Net current assets |  |  | 156,577 |  | 182,789
Total assets less current liabilities |  |  | 572,582 |  | 620,229
Creditors: amounts falling due after more than one year | 6 |  | (68,451) |  | (92,685)
Net assets attributable to members | 504,131 |  | 527,544
Represented by:
Loans and other debts due to members | 7 |  | 504,131 |  | 527,544
|  |  | 504,131 |  | 527,544
Total members' interests
Loans and other debts due to members | 7 |  | 504,131 |  | 527,544
|  |  | 504,131 |  | 527,544
For the year ended 31 March 2025 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied to LLPs).
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The profit and loss account has not been delivered to the Registrar of Companies.
These accounts were approved by the members on 30 April 2025 and signed on their behalf by:
A J Dore
Designated member

Fragrant Finds LLP
Notes to the Accounts
for the year ended 31 March 2025
1 | Accounting policies
| Basis of preparation
| The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships.
| Turnover
| Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
| Division of profits
| Each member shared, by mutual agreement, in the profits and losses for the year available for division among members, after an agreed annual salary to AJ Dore and Mrs A Dore.
| Taxation
| Taxation is not provided for in the accounts as taxation is the personal liability of the members. Any amounts held by the LLP on behalf of members in respect of their tax liabilities are treated as debts due to members.
| Tangible fixed assets
| Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. 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 evenly over its expected useful life, as follows:
| Freehold buildings | over 50 years
| Leasehold land and buildings | over the lease term
| Plant and machinery | 10% reducing balance basis
| Motor vehicles | 25% reducing balance basis
| Stocks
| Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
| Provisions
| Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
| Members' capital
| Members' capital is classified as debt and not equity if there is a contractual obligation for the LLP to repay the capital to members, even if that obligation is conditional.
| Pensions
| Contributions to defined contribution plans are expensed in the period to which they relate.
2 | Employees | 2025 |  | 2024
Number | Number
| Average number of persons employed by the LLP | 5 |  | 7
3 | Tangible fixed assets
|  | Property and improvements |  | Solar Panels |  | Plant and machinery etc |  | Motor vehicles |  | Total
£ | £ | £ | £ | £
| Cost
| At 1 April 2024 | 330,088 |  | 33,051 |  | 186,541 |  | 81,472 |  | 631,152
| Additions | - |  | - |  | 2,815 |  | - |  | 2,815
| At 31 March 2025 | 330,088 |  | 33,051 |  | 189,356 |  | 81,472 |  | 633,967
| Depreciation
| At 1 April 2024 | 52,070 |  | - |  | 91,694 |  | 49,948 |  | 193,712
| Charge for the year | 6,601 |  | - |  | 9,768 |  | 7,881 |  | 24,250
| At 31 March 2025 | 58,671 |  | - |  | 101,462 |  | 57,829 |  | 217,962
| Net book value
| At 31 March 2025 | 271,417 |  | 33,051 |  | 87,894 |  | 23,643 |  | 416,005
| At 31 March 2024 | 278,018 |  | 33,051 |  | 94,847 |  | 31,524 |  | 437,440
| Freehold land and buildings: | 2025 |  | 2024
£ | £
| Historical cost | 330,088 |  | 330,088
| Cumulative depreciation based on historical cost | 58,671 |  | 52,070
|  |  |  |  |  | 271,417 |  | 278,018
4 | Debtors | 2025 |  | 2024
£ | £
| Trade debtors | 103,273 |  | 75,430
| Other debtors and prepayments | 61,207 |  | 13,612
|  |  |  |  |  | 164,480 |  | 89,042
5 | Creditors: amounts falling due within one year | 2025 |  | 2024
£ | £
| Bank loans and overdrafts | 22,685 |  | 22,039
| Obligations under finance lease and hire purchase contracts | - |  | 1,450
| Trade creditors | 53,802 |  | 12,217
| Other taxes and social security costs | 2,181 |  | 1,612
| Other creditors | 12,829 |  | 3,235
|  |  |  |  |  | 91,497 |  | 40,553
6 | Creditors: amounts falling due after one year | 2025 |  | 2024
£ | £
| Bank loans | 68,451 |  | 91,135
| Obligations under finance lease and hire purchase contracts | - |  | 1,550
|  |  |  |  |  | 68,451 |  | 92,685
7 | Loans and other debts due to members | 2025 |  | 2024
£ | £
| Loans from members | 527,544 |  | 488,023
| Amounts due to members in respect of profits | (23,413) |  | 39,521
|  |  |  |  |  | 504,131 |  | 527,544
| Amounts falling due within one year | 504,131 |  | 527,544
| Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up.
8 | Controlling party
| The LLP is under the control of AFW Dore, Mrs MJ Dore, AJ Dore and Mrs A Dore who are the only four members of the LLP.
9 | Other information
| Fragrant Finds LLP is a limited liability partnership incorporated in England. Its registered office is:
| Farthingmead
| Lower Union Road
| Kingsbridge
| Devon
| TQ7 1EF

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