| REGISTERED NUMBER: |
| A & H Farming LLP |
| Financial Statements |
| for the Year Ended 31st March 2025 |
| REGISTERED NUMBER: |
| A & H Farming LLP |
| Financial Statements |
| for the Year Ended 31st March 2025 |
| A & H Farming LLP (Registered number: OC321810) |
| Contents of the Financial Statements |
| for the year ended 31st March 2025 |
| Page |
| General information | 1 |
| Balance sheet | 2 | to | 3 |
| Notes to the financial statements | 4 | to | 6 |
| A & H Farming LLP |
| General Information |
| for the year ended 31st March 2025 |
| Designated members: |
| Registered office: |
| Registered number: |
| Accountants: |
| Academy House |
| Shedden Park Road |
| Kelso |
| Roxburghshire |
| TD5 7AL |
| A & H Farming LLP (Registered number: OC321810) |
| Balance Sheet |
| 31st March 2025 |
| 2025 | 2024 |
| Notes | £ | £ | £ | £ |
| Fixed assets |
| Tangible assets | 4 |
| Current assets |
| Stocks |
| Debtors | 5 |
| Investments | 6 |
| Creditors |
| Amounts falling due within one year | 7 |
| Net current liabilities | ( |
) | ( |
) |
| Total assets less current liabilities |
| Creditors |
| Amounts falling due after more than one year |
8 |
| Net assets attributable to members | 453,588 | 455,820 |
| Loans and other debts due to members |
10 |
453,588 |
455,820 |
| Total members' interests |
| Loans and other debts due to members | 10 | 453,588 | 455,820 |
| A & H Farming LLP (Registered number: OC321810) |
| Balance Sheet - continued |
| 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 were approved by the members of the LLP and authorised for issue on |
| A & H Farming LLP (Registered number: OC321810) |
| Notes to the Financial Statements |
| for the year ended 31st March 2025 |
| 1. | Statutory information |
| A & H Farming 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 |
| Turnover |
| Turnover represents the total invoice value, excluding value added tax, of sales invoiced during the year, or the fair value of services provided for amounts not invoiced at the year end. |
| Turnover arising from the sale of goods is recognised when the significant risks and rewards of ownership have passed to the buyer. Turnover arising from the provision of services is recognised as contract activity progresses and the right to consideration is earned. Unbilled turnover is included in debtors as amounts recoverable on contracts. |
| Tangible fixed assets |
| Implements, plant & machinery | - |
| Tractors | - |
| Combines | - |
| Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. |
| Stocks |
| Stock is valued at the lower of cost and net realisable value. Cost includes all direct expenditure and appropriate proportion of fixed and variable overheads. Net realisable value is based on estimated selling prices. |
| Financial instruments |
| The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, accruals, bank overdraft, other loans and hire purchase contracts. |
| Hire purchase contracts are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method. |
| Trade debtors, trade creditors, accruals, bank overdraft and other loans are measured at the undiscounted amount of the cash or other consideration expected to be paid or received. |
| Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Income Statement. |
| Members remuneration |
| Profits and losses are automatically divided between members in accordance with the terms of the LLP agreement, and hence there are no unallocated profits or losses. |
| A & H Farming LLP (Registered number: OC321810) |
| Notes to the Financial Statements - continued |
| for the year ended 31st March 2025 |
| 2. | Accounting policies - continued |
| Hire purchase and leasing commitments |
| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
| The interest element of these obligations is charged to the profit or loss over the relevant period. The capital element of the future payments is treated as a liability. |
| Rentals paid under operating leases are charged to the profit or loss on a straight line basis over the period of the lease. |
| Provisions |
| Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably. Where material, provisions are calculated on a discounted basis. |
| Going Concern |
| The members have considered the company's financial position for a minimum period of 12 months and beyond from the date of signing these financial statements and they have an expectation that the company should be in a position to continue trading in the current format for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing these financial statements. |
| 3. | Employee information |
| The average number of employees during the year was NIL (2024 - NIL). |
| 4. | Tangible fixed assets |
| Implements, |
| plant & |
| machinery | Tractors | Combines | Totals |
| £ | £ | £ | £ |
| Cost |
| At 1st April 2024 |
| Disposals | ( |
) | ( |
) |
| At 31st March 2025 |
| Depreciation |
| At 1st April 2024 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 31st March 2025 |
| Net book value |
| At 31st March 2025 |
| At 31st March 2024 |
| A & H Farming LLP (Registered number: OC321810) |
| Notes to the Financial Statements - continued |
| for the year ended 31st March 2025 |
| 5. | Debtors: amounts falling due within one year |
| 2025 | 2024 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 6. | Current asset investments |
| 2025 | 2024 |
| £ | £ |
| Unlisted investments | 3,002 | 3,002 |
| 7. | Creditors: amounts falling due within one year |
| 2025 | 2024 |
| £ | £ |
| Bank loans and overdrafts |
| Hire purchase contracts |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 8. | Creditors: amounts falling due after more than one year |
| 2025 | 2024 |
| £ | £ |
| Hire purchase contracts |
| Amounts falling due in more than five years: |
| Repayable by instalments |
| Hire purchase | 14,887 | 61,145 |
| 9. | Secured debts |
| The following secured debts are included within creditors: |
| 2025 | 2024 |
| £ | £ |
| Hire purchase contracts | 509,514 | 648,907 |
| Hire purchase contracts are secured against the assets in which they relate. |
| 10. | Loans and other debts due to members |
| In the event of a winding up, any amounts owed to the LLP's bankers are secured by charges on the assets of the LLP. |
| Capital loans and other debts due to members rank behind creditors, in accordance with the members' agreement. |