REGISTERED NUMBER: OC314414 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

10 Ant Trust LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

P I H Pressland

J E Pressland

REGISTERED OFFICE:

14 Church Street

Whitchurch

Hampshire

RG28 7AB

REGISTERED NUMBER:

OC314414 (England and Wales)

ACCOUNTANTS:

Wheeler & Co Ltd

Chartered Accountants

The Shrubbery

14 Church Street

Whitchurch

Hampshire

RG28 7AB

FIXED ASSETS

Tangible assets

4

5,000

805,000

CURRENT ASSETS

Debtors

5

302,372

178,450

Cash at bank

3,174

125,181

305,546

303,631

CREDITORS

Amounts falling due within one year

6

10,524

77,647

NET CURRENT ASSETS

295,022

225,984

TOTAL ASSETS LESS CURRENT LIABILITIES

300,022

1,030,984

CREDITORS

Amounts falling due after more than one year

7

-

608,900

NET ASSETS ATTRIBUTABLE TO MEMBERS

300,022

422,084

LOANS AND OTHER DEBTS DUE TO MEMBERS

8

290,127

814,338

MEMBERS' OTHER INTERESTS

Capital accounts

4,895

4,895

Fair value reserve

9

5,000

(397,149

)

300,022

422,084

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

8

290,127

814,338

Members' other interests

9,895

(392,254

)

Amounts due from members

5

(280,753

)

(155,016

)

19,269

267,068

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 Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 1 July 2025 and were signed by:

J E Pressland - Designated member

1.	STATUTORY INFORMATION

10 Ant Trust 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 as modified by the revaluation of certain assets.

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.

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.

3.	EMPLOYEE INFORMATION

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

4.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST OR VALUATION

At 1 April 2024

805,000

Disposals

(800,000

)

At 31 March 2025

5,000

NET BOOK VALUE

At 31 March 2025

5,000

At 31 March 2024

805,000

Cost or valuation at 31 March 2025 is represented by:

Land and

buildings

£

Valuation in 2017

1,626,023

Valuation in 2018

(727,697

)

Valuation in 2021

100,000

Valuation in 2024

(1,395,474

)

Valuation in 2025

402,148

5,000

Freehold property were valued on an open market basis on 31 March 2025 by the partners .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts due from members

280,753

155,016

Other debtors

21,619

23,434

302,372

178,450

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

VAT

-

54,522

Other creditors

3,974

4,000

Accruals and deferred income

6,550

19,125

10,524

77,647

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 2-5 years

-

608,900

8.

LOANS AND OTHER DEBTS DUE TO MEMBERS

other creditors take priority over any loans and other debts due to members.

9.

RESERVES

Fair

value

reserve

£

At 1 April 2024

(397,149

)

Freehold property

402,149

At 31 March 2025

5,000