IRIS Accounts Production v25.4.0.155 OC369230 designated member 1.4.24 31.3.25 31.3.25 false true false false true false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh OC369230 2024-03-31 OC369230 2025-03-31 OC369230 2024-04-01 2025-03-31 OC369230 2023-03-31 OC369230 2023-04-01 2024-03-31 OC369230 2024-03-31 OC369230 ns15:EnglandWales 2024-04-01 2025-03-31 OC369230 ns14:PoundSterling 2024-04-01 2025-03-31 OC369230 ns10:PartnerLLP1 2024-04-01 2025-03-31 OC369230 ns10:LimitedLiabilityPartnershipLLP 2024-04-01 2025-03-31 OC369230 ns10:SmallEntities 2024-04-01 2025-03-31 OC369230 ns10:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 OC369230 ns10:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 OC369230 ns10:LimitedLiabilityPartnershipsSORP 2024-04-01 2025-03-31 OC369230 ns10:FullAccounts 2024-04-01 2025-03-31 OC369230 ns10:PartnerLLP2 2024-04-01 2025-03-31 OC369230 ns10:PartnerLLP3 2024-04-01 2025-03-31 OC369230 ns10:RegisteredOffice 2024-04-01 2025-03-31 OC369230 ns5:CurrentFinancialInstruments 2025-03-31 OC369230 ns5:CurrentFinancialInstruments 2024-03-31 OC369230 ns5:LandBuildings 2024-04-01 2025-03-31 OC369230 ns5:PlantMachinery 2024-04-01 2025-03-31 OC369230 ns5:LandBuildings 2024-03-31 OC369230 ns5:PlantMachinery 2024-03-31 OC369230 ns5:LandBuildings 2025-03-31 OC369230 ns5:PlantMachinery 2025-03-31 OC369230 ns5:LandBuildings 2024-03-31 OC369230 ns5:PlantMachinery 2024-03-31 OC369230 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-03-31 OC369230 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-03-31

REGISTERED NUMBER: OC369230 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

H.w. Martin (Farms) LLP

| H.w. Martin (Farms) LLP (Registered number: OC369230) |

Contents of the Financial Statements

for the Year Ended 31 March 2025

Page |

| General Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| H.w. Martin (Farms) LLP |

General Information

for the Year Ended 31 March 2025

| DESIGNATED MEMBERS: | H W Martin

| K Martin

| Mrs L A Morley

| REGISTERED OFFICE: | Fordbridge Lane

| Blackwell

| Alfreton

| Derbyshire

| DE55 5JY

| REGISTERED NUMBER: | OC369230 (England and Wales)

| ACCOUNTANTS: | Mellor Oxland LLP

| Hine House

| 25 Regent Street

| Nottingham

| Nottinghamshire

| NG1 5BS

| BANKERS: | Barclays Bank PLC

| PO Box 493

| Sir Frank Whittle Road

| Derby

| DE1 9UU

| H.w. Martin (Farms) LLP (Registered number: OC369230) |

Balance Sheet

31 March 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 36,669,713 |  | 36,861,364 |  |

CURRENT ASSETS

Stocks | 1,086,122 |  | 1,096,312 |  |

Debtors | 5 | 257,810 |  | 1,599,461 |  |

Prepayments and accrued income | 26,431 |  | 159,376 |  |

Cash at bank | 3,825,454 |  | 1,739,022 |  |

5,195,817 |  | 4,594,171 |  |

CREDITORS

Amounts falling due within one year | 6 | 297,447 |  | 294,943 |  |

NET CURRENT ASSETS | 4,898,370 |  | 4,299,228 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS | 41,568,083 |  | 41,160,592 |  |

LOANS AND OTHER DEBTS DUE TO MEMBERS | 7 | 6,582 |  | - |  |

MEMBERS' OTHER INTERESTS

Capital accounts | 41,561,501 |  | 41,160,592 |  |

41,568,083 |  | 41,160,592 |  |

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members | 7 | 6,582 |  | - |  |

Members' other interests | 41,561,501 |  | 41,160,592 |  |

Amounts due from members | 5 | (80,561 | ) | (1,178,168 | ) |

41,487,522 |  | 39,982,424 |  |

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.

| H.w. Martin (Farms) LLP (Registered number: OC369230) |

Balance Sheet - continued

31 March 2025

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 18 November 2025 and were signed by:

H W Martin - Designated member

| H.w. Martin (Farms) LLP (Registered number: OC369230) |

Notes to the Financial Statements

for the Year Ended 31 March 2025

1. | STATUTORY INFORMATION

| H.w. Martin (Farms) 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.

| The accounts have been prepared on a going concern basis. The members have assessed the position of the LLP and have no reason to believe that it will not continue as a going concern for the forseeable future.

| Revenue

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

| Revenue from the sale of livestock and crops is recognised when the significant risks and rewards of ownership have been passed to the buyer, and it is probably that the LLP will receive the consideration due.

| Revenue from the Rural Payments Agency is recognised at the time the right to receive the payment is established, usually upon receipt of funds.

| Other income is in respect of services supplied by the LLP and recognised upon performance of those services.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Land and buildings | - | 2% on cost

| Plant and machinery etc | - | 10% - 20% straight line

| Stocks

| Stocks are represented by livestock, crops and other farming supplies. Stocks are stated at the lower of cost or net realisable value, being the estimated selling price after deduction of sale costs.

| Costs of livestock and other farming supplies includes all costs of purchase and other costs incurred in bringing the stocks to their present location and condition,

| Cost of crops represents the industry standard rate, which the majority of farmers use and is readily available, multiplied by the number of hecatares of land being worked.

| At the date of the statement of financial position, stocks are assessed for impairment, and the carrying amount reduced as appropriate to reflect the expected selling price, after deducting the direct costs of sale if this is less than the cost. Any impairment is recognised in the statement of financial position.

| 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.

| The contributions are recognised as an expense when they fall due. Amounts due but not paid at the year end are accrued as liabilities in the Statement of financial position. The assets of the pension plan are entirely separate from the LLP and administered independently.

3. | EMPLOYEE INFORMATION

| The average number of employees during the year was 2 (2024 - 2 ) .

| H.w. Martin (Farms) LLP (Registered number: OC369230) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

4. | TANGIBLE FIXED ASSETS

| Plant and |

| Land and |  | machinery |

| buildings |  | etc |  | Totals

£ | £ | £ |

| COST

| At 1 April 2024 | 36,216,945 |  | 1,953,785 |  | 38,170,730 |  |

| Additions | - |  | 226,073 |  | 226,073 |  |

| Disposals | (18,507 | ) | (187,320 | ) | (205,827 | ) |

| At 31 March 2025 | 36,198,438 |  | 1,992,538 |  | 38,190,976 |  |

| DEPRECIATION

| At 1 April 2024 | 48,656 |  | 1,260,710 |  | 1,309,366 |  |

| Charge for year | 104,862 |  | 215,209 |  | 320,071 |  |

| Eliminated on disposal | - |  | (108,174 | ) | (108,174 | ) |

| At 31 March 2025 | 153,518 |  | 1,367,745 |  | 1,521,263 |  |

| NET BOOK VALUE

| At 31 March 2025 | 36,044,920 |  | 624,793 |  | 36,669,713 |  |

| At 31 March 2024 | 36,168,289 |  | 693,075 |  | 36,861,364 |  |

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | 150,443 |  | 279,671 |  |

| Amounts owed by group undertakings | - |  | 2,268 |  |

| Other debtors | 107,367 |  | 1,317,522 |  |

257,810 |  | 1,599,461 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade creditors | 236,811 |  | 253,742 |  |

| Amounts owed to group undertakings | 6,565 |  | - |  |

| Taxation and social security | 1,851 |  | 2,878 |  |

| Other creditors | 52,220 |  | 38,323 |  |

297,447 |  | 294,943 |  |

7. | LOANS AND OTHER DEBTS DUE TO MEMBERS |

| Loans and other debts due to members rank equally with debts due to ordinary creditors in the event of a winding up.