REGISTERED NUMBER: OC334819 (England and Wales)

Report of the Members and

Financial Statements for the Year Ended 31 March 2025

for

Sweetwoods Park LLP

Page

General Information

1

Report of the Members

2

Report of the Independent Auditors

4

Income Statement

6

Balance Sheet

7

Notes to the Financial Statements

8

DESIGNATED MEMBERS:

M Long

Sweetwoods Golf Ltd

Churchill Properties (Southern) Limited

Winston's Eagles Limited

REGISTERED OFFICE:

Sweetwoods Golf Club

Cowden

Edenbridge

Kent

TN8 7JN

REGISTERED NUMBER:

OC334819 (England and Wales)

AUDITORS:

Bentleys Accounting Limited (Statutory Auditor)

5 Hazelgrove Road

Haywards Heath

West Sussex

RH16 3PH

The members present their report with the financial statements of the LLP for the year ended 31 March 2025.

PRINCIPAL ACTIVITY

The principal activity of the LLP in the year under review was that of golf club.

DESIGNATED MEMBERS

The designated members during the year under review were:

M Long

Sweetwoods Golf Ltd

Churchill Properties (Southern) Limited

Winston's Eagles Limited

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS

The loss for the year before members' remuneration and profit shares was £89,999 (2024 - £115,975 profit).

MEMBERS' INTERESTS

STATEMENT OF MEMBERS' RESPONSIBILITIES

The members are responsible for preparing the Report of the Members and the financial statements in accordance with applicable law and regulations.

Legislation applicable to limited liability partnerships requires the members to prepare financial statements for each financial year. Under that law the members have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under legislation applicable to limited liability partnerships the members must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the LLP and of the profit or loss of the LLP for that period. In preparing these financial statements, the members are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the LLP will continue in business.

The members are responsible for keeping adequate accounting records that are sufficient to show and explain the LLP's transactions and disclose with reasonable accuracy at any time the financial position of the LLP and enable them to ensure that the financial statements comply with the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008. They are also responsible for safeguarding the assets of the LLP and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the members are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the LLP's auditors are unaware, and each member has taken all the steps that he ought to have taken as a member in order to make himself aware of any relevant audit information and to establish that the LLP's auditors are aware of that information.

AUDITORS

The auditors, Bentleys Accounting Limited (Statutory Auditor), will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE MEMBERS:

M Long - Designated member

29 September 2025

Opinion

We have audited the financial statements of Sweetwoods Park LLP (the 'LLP') for the year ended 31 March 2025 which comprise the Income Statement, Balance Sheet and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-	give a true and fair view of the state of the LLP's affairs as at 31 March 2025 and of its loss for the year then ended;

-	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

-	have been prepared in accordance 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.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the LLP in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the members' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the LLP's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the members with respect to going concern are described in the relevant sections of this report.

Other information

The members are responsible for the other information. The other information comprises the information in the Report of the Members, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters where the Companies Act 2006 as applied to LLPs requires us to report to you if, in our opinion:

-	adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

-	the financial statements are not in agreement with the accounting records and returns; or

-	we have not received all the information and explanations we require for our audit; or

-	the members were not entitled to prepare the financial statements in accordance with the small LLPs regime.

Responsibilities of members

As explained more fully in the Statement of Members' Responsibilities set out on page two, the members are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the members determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the members are responsible for assessing the LLP's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the members either intend to liquidate the LLP or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:"

" obtaining an understanding of the legal and regulatory framework that the company operates in, focusing on those laws and regulations that had a direct effect on the financial statements and operations:

" Obtaining an understanding of the company's policies and procedures on fraud risk, including knowledge of any actual, suspected or alleged fraud:

" Discussing among the Directors of the Company how and where fraud might occur in the Financial Statements and any potential indicators of fraud through our knowledge and understanding of the company within their industry sector.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report

This report is made solely to the LLP's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008. Our audit work has been undertaken so that we might state to the LLP's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the LLP and the LLP's members as a body, for our audit work, for this report, or for the opinions we have formed.

Steven Richard Bentley (Senior Statutory Auditor)

for and on behalf of Bentleys Accounting Limited (Statutory Auditor)

5 Hazelgrove Road

Haywards Heath

West Sussex

RH16 3PH

29 September 2025

TURNOVER

1,246,835

1,267,217

Cost of sales

968,326

932,298

GROSS PROFIT

278,509

334,919

Administrative expenses

291,334

260,572

(12,825

)

74,347

Other operating income

(41,186

)

62,704

OPERATING (LOSS)/PROFIT

4

(54,011

)

137,051

Interest receivable and similar income

2,291

2,555

(51,720

)

139,606

Interest payable and similar expenses

38,279

23,631

(LOSS)/PROFIT FOR THE FINANCIAL YEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS

(89,999

)

115,975

FIXED ASSETS

Intangible assets

5

2

2

Tangible assets

6

5,793,754

5,660,402

5,793,756

5,660,404

CURRENT ASSETS

Stocks

7

63,054

74,947

Debtors

8

1,354

867

Cash at bank

29,685

18,646

94,093

94,460

CREDITORS

Amounts falling due within one year

9

277,779

194,545

NET CURRENT LIABILITIES

(183,686

)

(100,085

)

TOTAL ASSETS LESS CURRENT LIABILITIES

5,610,070

5,560,319

CREDITORS

Amounts falling due after more than one year

10

197,168

103,028

NET ASSETS ATTRIBUTABLE TO MEMBERS

5,412,902

5,457,291

LOANS AND OTHER DEBTS DUE TO MEMBERS

11

1,312,902

1,357,291

MEMBERS' OTHER INTERESTS

Capital accounts

4,100,000

4,100,000

5,412,902

5,457,291

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

11

1,312,902

1,357,291

Members' other interests

4,100,000

4,100,000

5,412,902

5,457,291

The financial statements have been prepared in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The financial statements were approved by the members of the LLP and authorised for issue on 29 September 2025 and were signed by:

M Long - Designated member

1.	STATUTORY INFORMATION

Sweetwoods Park 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.

Goodwill

Goodwill has been held at cost and not depreciated due to value of payment made being just £2.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

No depreciation has been applied to Freehold building and improvements to Freehold buildings totalling £5,457,067 due to the nature of the asset as Agricultural Land and commercial buildings used within the trade of the business. This value is deemed to be Fair value of the asset held in the partnership.

The other Tangible Fixed Assets are depreciated as follows,

Plant & Machinery 20% reducing balance

Fixtures & Fittings 15% Straight Line

Computer Equipment 33% Straight Line

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

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 16 (2024 - 16 ) .

4.	OPERATING (LOSS)/PROFIT

The operating loss (2024 - operating profit) is stated after charging:

31.3.25

31.3.24

£

£

Depreciation - owned assets

55,298

45,041

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

2

NET BOOK VALUE

At 31 March 2025

2

At 31 March 2024

2

6.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Plant and

property

property

machinery

£

£

£

COST

At 1 April 2024

3,299,931

2,157,136

766,813

Additions

-

-

192,046

Disposals

-

-

(158,040

)

At 31 March 2025

3,299,931

2,157,136

800,819

DEPRECIATION

At 1 April 2024

-

-

587,999

Charge for year

-

-

47,257

Eliminated on disposal

-

-

(154,644

)

At 31 March 2025

-

-

480,612

NET BOOK VALUE

At 31 March 2025

3,299,931

2,157,136

320,207

At 31 March 2024

3,299,931

2,157,136

178,814

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2024

163,061

39,709

6,426,650

Additions

-

-

192,046

Disposals

-

-

(158,040

)

At 31 March 2025

163,061

39,709

6,460,656

DEPRECIATION

At 1 April 2024

142,803

35,446

766,248

Charge for year

7,965

76

55,298

Eliminated on disposal

-

-

(154,644

)

At 31 March 2025

150,768

35,522

666,902

NET BOOK VALUE

At 31 March 2025

12,293

4,187

5,793,754

At 31 March 2024

20,258

4,263

5,660,402

Included within the NBV of Tangible Fixed Assets is £ 252,338 (2024 - £ 130,605) relating to assets held under hire purchase agreements. The depreciation charge to the financial statements in the year in respect of such assets amounts to £ 20,114 (2024 - £ 19,673).

7.

STOCKS

31.3.25

31.3.24

£

£

Stocks

63,054

74,947

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

487

-

Other debtors

827

827

Prepayments

40

40

1,354

867

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

6,210

6,210

Hire purchase contracts

89,009

35,804

Trade creditors

65,482

101,709

Social security and other taxes

17,726

8,159

VAT

36,687

2,106

Members and Society Account

10,988

15,471

Accrued expenses

8,800

8,856

Members fee's paid in advance

42,877

16,230

277,779

194,545

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans - 1-2 years

23,447

28,782

Hire purchase contracts

173,721

74,246

197,168

103,028

11.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Members' other interest rank after unsecured creditors, and loans and other debts due to members rank pari passu with unsecured creditors in the event of winding up.