0 false false false false false false false false false false false false false false false false false No description of principal activity 2024-02-18 Sage Accounts Production Advanced 2024 - FRS102_2024 11,500 11,500 259,175 259,175 259,175 xbrli:pure xbrli:shares iso4217:GBP OC451094 2024-02-18 2025-06-30 OC451094 2025-06-30 OC451094 2024-02-17 OC451094 bus:Director4 2024-02-18 2025-06-30 OC451094 core:PlantMachinery 2024-02-18 2025-06-30 OC451094 core:WithinOneYear 2025-06-30 OC451094 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2025-06-30 OC451094 core:CostValuation core:Non-currentFinancialInstruments 2025-06-30 OC451094 core:Non-currentFinancialInstruments 2025-06-30 OC451094 bus:Director1 2024-02-18 2025-06-30 OC451094 bus:SmallEntities 2024-02-18 2025-06-30 OC451094 bus:AuditExemptWithAccountantsReport 2024-02-18 2025-06-30 OC451094 bus:SmallCompaniesRegimeForAccounts 2024-02-18 2025-06-30 OC451094 bus:LimitedLiabilityPartnershipLLP 2024-02-18 2025-06-30 OC451094 bus:FullAccounts 2024-02-18 2025-06-30 OC451094 core:EntitiesControlledByKeyManagementPersonnel 2024-02-18 2025-06-30
REGISTERED NUMBER: OC451094

DRUMHILL LLP

FILLETED UNAUDITED FINANCIAL STATEMENTS

30 June 2025

DRUMHILL LLP

STATEMENT OF FINANCIAL POSITION

30 June 2025

| 30 Jun 25
Note | £ | £

FIXED ASSETS

Investments | 5 |  | 259,175

CURRENT ASSETS

Stocks | 723,438 |
Debtors | 6 | 55,636 |
Cash at bank and in hand | 3,626 |
| ---------- |
| 782,700 |

CREDITORS: amounts falling due within one year | 7 | 497,754 |
| ---------- |
NET CURRENT ASSETS |  | 284,946
|  | ----------
TOTAL ASSETS LESS CURRENT LIABILITIES |  | 544,121
|  | ----------
NET ASSETS |  | 544,121
|  | ----------

REPRESENTED BY:
LOANS AND OTHER DEBTS DUE TO MEMBERS

Members' capital classified as a liability | 8 |  | 494,121
Other amounts | 8 |  | 50,000
|  | ----------
|  | 544,121
|  | ----------

MEMBERS' OTHER INTERESTS

Other reserves |  | –
|  | ----------
|  | 544,121
|  | ----------

TOTAL MEMBERS' INTERESTS

Amounts due from members |  | (54,590)
Loans and other debts due to members | 8 |  | 544,121
Members' other interests |  | –
|  | ----------
|  | 489,531
|  | ----------

These financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006 (as applied to LLPs), the statement of income and retained earnings has not been delivered.

DRUMHILL LLP

STATEMENT OF FINANCIAL POSITION (continued)

30 June 2025
For the period ending 30 June 2025 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) relating to small LLPs.
The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the members and authorised for issue on 14 November 2025 , and are signed on their behalf by:

CES Patchett
Designated Member

Registered number: OC451094

DRUMHILL LLP

NOTES TO THE FINANCIAL STATEMENTS

PERIOD FROM 18 FEBRUARY 2024 TO 30 JUNE 2025

1. | GENERAL INFORMATION

The LLP is registered in England and Wales. The address of the registered office is Ryefield House, 180 Highgate Road, Queensbury, Bradford, BD13 1DS, West Yorkshire.

2. | STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP 2021).

3. | ACCOUNTING POLICIES

Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. There are not considered to be any judgements or accounting estimates or assumptions that have a significant impact on the financial statements.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Members' participation rights
The profits of the LLP are automatically divided among the members in accordance with the agreed profit share arrangements.
A member's share of the profit or loss for the year is accounted for as an allocation of profits.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Investment property
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

4. | TANGIBLE ASSETS

| Plant and machinery
| £
Cost |
At 18 February 2024 | –
Additions | 11,500
Disposals | ( 11,500)
| ---------
At 30 June 2025 | –
| ---------
Depreciation |
At 18 February 2024 and 30 June 2025 | –
| ---------
Carrying amount |
At 30 June 2025 | –
| ---------

5. | INVESTMENTS

| Other investments other than loans
| £
Cost |
At 18 February 2024 | –
Additions | 259,175
| ----------
At 30 June 2025 | 259,175
| ----------
Impairment |
At 18 February 2024 and 30 June 2025 | –
| ----------

Carrying amount |
At 30 June 2025 | 259,175
| ----------

There has been no significant change in value during the period.

6. | DEBTORS

| 30 Jun 25
| £
Other debtors | 55,636
| ---------

7. CREDITORS: amounts falling due within one year

| 30 Jun 25
| £
Trade creditors | 44,133
Property loan | 300,970
Other loans | 89,000
Other creditors | 63,651
| ----------
| 497,754
| ----------

8. | LOANS AND OTHER DEBTS DUE TO MEMBERS

| 30 Jun 25
| £
Loans from members | 50,000
Other amounts | 494,121
| ----------
| 544,121
| ----------

9. | RELATED PARTY TRANSACTIONS

The LLP used the services of Patchett Homes Ltd during the period with purchases of £453,764. The amount outstanding at 30 June 2025 was £48,713. C E S Patchett and J E Patchett are also a director of Patchett Homes Limited.