REGISTERED NUMBER: OC364954 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

29TH MARCH 2024 TO 31ST MARCH 2025

FOR

GRANGE ESTATE VINE LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

Lord M F R Ashburton

The Hon A N J Baring

The Hon L M L Vaughan

The Hon R T Baring

REGISTERED OFFICE:

The Winery

Alresford Road

Itchen Stoke

Alresford

Hampshire

SO24 0QW

REGISTERED NUMBER:

OC364954 (England and Wales)

ACCOUNTANTS:

Martin and Company

25 St Thomas Street

Winchester

Hampshire

SO23 9HJ

FIXED ASSETS

Tangible assets

4

-

1,095,915

CURRENT ASSETS

Stocks

-

1,246,310

Debtors

5

-

155,913

Cash at bank and in hand

-

101,716

-

1,503,939

CREDITORS

Amounts falling due within one year

6

-

100,837

NET CURRENT ASSETS

-

1,403,102

TOTAL ASSETS LESS CURRENT LIABILITIES

-

2,499,017

CREDITORS

Amounts falling due after more than one year

7

-

1,442,606

NET ASSETS ATTRIBUTABLE TO MEMBERS

-

1,056,411

LOANS AND OTHER DEBTS DUE TO MEMBERS

-

1,056,411

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

-

1,056,411

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 period ended 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 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 10th December 2025 and were signed by:

The Hon A N J Baring - Designated member

1.	STATUTORY INFORMATION

Grange Estate Vine 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.

Plant and machinery etc

-

20% on cost, 10% on cost and 2% on cost

Stocks

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

Stocks of consumables and packing materials are consistently valued at the lower of cost and net realisable value.

Work in progress comprises wine in various stages of production. The initial valuation uses an average costing method which allocates the actual costs incurred in bringing the harvest to tank. Additional costs incurred in bringing the wine through the further stages of production are added on an actual cost basis.

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 period was NIL (2024 - 5 ).

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 29th March 2024

950,000

459,487

1,409,487

Disposals

(950,000

)

(459,487

)

(1,409,487

)

At 31st March 2025

-

-

-

DEPRECIATION

At 29th March 2024

-

313,572

313,572

Eliminated on disposal

-

(313,572

)

(313,572

)

At 31st March 2025

-

-

-

NET BOOK VALUE

At 31st March 2025

-

-

-

At 28th March 2024

950,000

145,915

1,095,915

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

-

95,971

Other debtors

-

59,942

-

155,913

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

-

84,342

Taxation and social security

-

4,402

Other creditors

-

12,093

-

100,837

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other creditors

-

1,442,606