REGISTERED NUMBER: OC301182 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

STRATTONS FARMS LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

The Rt Hon Sir T Sainsbury

Lady S M Sainsbury

J T Sainsbury

Mrs C D Woodward

A J Sainsbury

Mrs J M Frankopan

REGISTERED OFFICE:

Scarletts Farm Office

Plastow Green

Headley

Thatcham

RG19 8LP

REGISTERED NUMBER:

OC301182 (England and Wales)

ACCOUNTANTS:

Martin and Company

25 St Thomas Street

Winchester

Hampshire

SO23 9HJ

FIXED ASSETS

Tangible assets

4

20,091,523

20,068,267

CURRENT ASSETS

Stocks

1,413,164

1,056,955

Debtors

5

224,615

150,931

Cash at bank

68,473

45,877

1,706,252

1,253,763

CREDITORS

Amounts falling due within one year

6

173,877

521,604

NET CURRENT ASSETS

1,532,375

732,159

TOTAL ASSETS LESS CURRENT LIABILITIES

21,623,898

20,800,426

CREDITORS

Amounts falling due after more than one year

7

217,675

93,380

NET ASSETS ATTRIBUTABLE TO MEMBERS

21,406,223

20,707,046

LOANS AND OTHER DEBTS DUE TO MEMBERS

21,406,223

20,707,046

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

21,406,223

20,707,046

Amounts due from members

5

(28,527

)

-

21,377,696

20,707,046

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 12 November 2025 and were signed by:

The Rt Hon Sir T Sainsbury - Designated member

1.	STATUTORY INFORMATION

Strattons 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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property

-

2% on cost

Plant and machinery

-

15% on reducing balance

Tractors and combines

-

15% on reducing balance

Motor vehicles

-

15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 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 profit or loss on a straight line basis over the period of the lease.

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.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 6 (2024 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Plant and

property

property

machinery

£

£

£

COST

At 1 April 2024

19,124,820

454,154

825,356

Additions

-

-

163,105

Disposals

-

-

(81,468

)

At 31 March 2025

19,124,820

454,154

906,993

DEPRECIATION

At 1 April 2024

624,820

-

470,063

Charge for year

39,450

-

61,424

Eliminated on disposal

-

-

(43,329

)

At 31 March 2025

664,270

-

488,158

NET BOOK VALUE

At 31 March 2025

18,460,550

454,154

418,835

At 31 March 2024

18,500,000

454,154

355,293

Tractors

and

Motor

combines

vehicles

Totals

£

£

£

COST

At 1 April 2024

962,394

118,430

21,485,154

Additions

281,535

6,795

451,435

Disposals

(240,000

)

-

(321,468

)

At 31 March 2025

1,003,929

125,225

21,615,121

DEPRECIATION

At 1 April 2024

295,000

27,004

1,416,887

Charge for year

109,204

14,054

224,132

Eliminated on disposal

(74,092

)

-

(117,421

)

At 31 March 2025

330,112

41,058

1,523,598

NET BOOK VALUE

At 31 March 2025

673,817

84,167

20,091,523

At 31 March 2024

667,394

91,426

20,068,267

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Tractors

and

combines

£

COST

At 1 April 2024

657,000

Additions

274,410

Disposals

(235,000

)

At 31 March 2025

696,410

DEPRECIATION

At 1 April 2024

134,872

Charge for year

87,255

Eliminated on disposal

(73,483

)

At 31 March 2025

148,644

NET BOOK VALUE

At 31 March 2025

547,766

At 31 March 2024

522,128

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

28,002

26,014

Amounts due from members

28,527

-

VAT

4,899

8,245

Prepayments and accrued income

163,187

116,672

224,615

150,931

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Hire purchase contracts

40,462

143,849

Trade creditors

109,577

175,241

Other creditors

382

188,038

Accruals and deferred income

23,456

14,476

173,877

521,604

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Hire purchase contracts

217,675

93,380