REGISTERED NUMBER: OC444976 (England and Wales)

Unaudited Financial Statements

for the Period 1 January 2024 to 31 March 2025

for

Leonards Ingredients LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

J G Lelliott

Miss E Lelliott

Mrs E Y Lelliott

REGISTERED OFFICE:

Woodpeckers

Clockhouse Lane

Nutley

East Sussex

TN22 3NZ

REGISTERED NUMBER:

OC444976 (England and Wales)

ACCOUNTANTS:

Swindells LLP

Chartered Accountants

Atlantic House

8 Bell Lane

Bellbrook Industrial Estate

Uckfield

East Sussex

TN22 1QL

FIXED ASSETS

Intangible assets

4

1

-

Tangible assets

5

226,595

-

226,596

-

CURRENT ASSETS

Stocks

96,636

-

Debtors

6

157,689

-

Cash at bank

11,014

-

265,339

-

CREDITORS

Amounts falling due within one year

7

105,627

-

NET CURRENT ASSETS

159,712

-

TOTAL ASSETS LESS CURRENT LIABILITIES

386,308

-

CREDITORS

Amounts falling due after more than one year

8

59,183

-

NET ASSETS ATTRIBUTABLE TO MEMBERS

327,125

-

LOANS AND OTHER DEBTS DUE TO MEMBERS

10

327,125

-

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

10

327,125

-

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 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 Profit and Loss account has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 28 November 2025 and were signed by:

J G Lelliott - Designated member

1.	STATUTORY INFORMATION

Leonards Ingredients LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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 represents revenue, net of VAT, from commercial transactions under which the company supplies customers the goods and services that it is in business to provide and it is recognised when it obtains, through performance under contract, the right to consideration for those goods and services.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2024, is being amortised evenly over its estimated useful life of nil years.

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

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% 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

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.

Members

A member's share of the profit or loss for the year is accounted for as an allocation of profits. Unallocated profits and losses are included within 'other reserves'.

3.	EMPLOYEE INFORMATION

The average number of employees during the period was 11 (2023 - NIL ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

Additions

1

At 31 March 2025

1

NET BOOK VALUE

At 31 March 2025

1

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

Additions

200,745

44,757

60,194

5,489

311,185

Disposals

(22,185

)

-

-

-

(22,185

)

At 31 March 2025

178,560

44,757

60,194

5,489

289,000

DEPRECIATION

Charge for period

33,483

8,393

18,813

1,716

62,405

At 31 March 2025

33,483

8,393

18,813

1,716

62,405

NET BOOK VALUE

At 31 March 2025

145,077

36,364

41,381

3,773

226,595

At the balance sheet date there were tangible fixed assets under hire purchase agreements with the net book value of £87,212 (2023: £nil). Depreciation for the year on those assets was £28,591 (2023: £nil).

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2023

£

£

Trade debtors

137,641

-

Other debtors

20,048

-

157,689

-

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2023

£

£

Hire purchase contracts

42,790

-

Trade creditors

41,728

-

Taxation and social security

3,898

-

Other creditors

17,211

-

105,627

-

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2023

£

£

Hire purchase contracts

57,847

-

Other creditors

1,336

-

59,183

-

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2023

£

£

Hire purchase contracts

100,637

-

Borrowings under hire purchase agreements are secured upon the asset concerned.

10.

LOANS AND OTHER DEBTS DUE TO MEMBERS

In the event of a winding up, the amounts included in loans and other debts due to members will rank equally with unsecured creditors.

11.	OTHER FINANCIAL COMMITMENTS

At the balance sheet date the company had outstanding operating lease commitments of £8,640 (2023: £nil).