Home Forestry LLP

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: OC349624

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		569,944		534,254

			569,944		534,254
CURRENT ASSETS
Stocks	5	1,500		1,500
Debtors	6	169,362		51,320
Cash at bank and in hand		133,171		73,145

		304,033		125,965
Creditors: Amounts Falling Due Within One Year	7	(370,457 )		(214,748 )

NET CURRENT ASSETS (LIABILITIES)			(66,424 )		(88,783 )

TOTAL ASSETS LESS CURRENT LIABILITIES			503,520		445,471

Creditors: Amounts Falling Due After More Than One Year	8		(145,046 )		(150,030 )

NET ASSETS ATTRIBUTABLE TO MEMBERS			358,474		295,441

REPRESENTED BY:
Loans and other debts due to members within one year
Other amounts		263,346		152,810

			263,346		152,810

Equity
Members' other interests
Members' capital		95,128		142,631

			95,128		142,631

			358,474		295,441

TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year			263,346		152,810
Members' other interests			95,128		142,631

			358,474		295,441

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Home Forestry LLP

Balance Sheet (continued)

As At 5 April 2025

For the year ending 5 April 2025 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 applicable to LLPs subject to the small LLPs regime.)

The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The LLP has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account.

On behalf of the members

Mr N J Home

Designated Member

18 November 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Home Forestry LLP is a limited liability partnership, incorporated in England & Wales, registered number OC349624 . The Registered Office is Hales Court, Stourbridge Road, Halesowen, West Midlands, B63 3TT.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP) and the Companies Act 2006 (as applied to LLPs).

The financial statements are prepared in sterling which is the functional currency of the LLP.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	1% Straight line
Plant & Machinery	15-25% Reducing balance
Motor Vehicles	25% Reducing balance
Computer Equipment	33% Straight line

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the LLP. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including members with contracts of employment, during the year was: NIL (2024: NIL)

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Home Forestry LLP

Notes to the Financial Statements (continued)

For The Year Ended 5 April 2025

4. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Motor Vehicles	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 6 April 2024	20,326	952,246	48,118	1,094	1,021,784
Additions	30,195	108,904	-	645	139,744

As at 5 April 2025	50,521	1,061,150	48,118	1,739	1,161,528

Depreciation
As at 6 April 2024	2,352	443,107	41,487	584	487,530
Provided during the period	203	101,828	1,658	365	104,054

As at 5 April 2025	2,555	544,935	43,145	949	591,584

Net Book Value
As at 5 April 2025	47,966	516,215	4,973	790	569,944

As at 6 April 2024	17,974	509,139	6,631	510	534,254

5. Stocks

	2025	2024
	£	£
Stock	1,500	1,500

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	167,643	49,601
Other debtors	1,719	1,719

	169,362	51,320

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	36,500	30,400
Trade creditors	279,821	149,596
Bank loans and overdrafts	6,000	6,000
Other creditors	11,714	11,222
Taxation and social security	36,422	17,530

	370,457	214,748

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Home Forestry LLP

Notes to the Financial Statements (continued)

For The Year Ended 5 April 2025

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	41,667	40,666
Bank loans	2,942	8,927
Other creditors	100,437	100,437

	145,046	150,030

9. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	36,500	30,400
Later than one year and not later than five years	41,667	40,666

	78,167	71,066

	78,167	71,066

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