REGISTERED NUMBER: OC392042 (England and Wales)

HUTTON WANDESLEY ESTATE LLP

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2025

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

5,606,417

5,264,887

Investments

5

376,969

504,119

Investment property

6

9,507,139

9,507,139

15,490,525

15,276,145

CURRENT ASSETS

Stocks

872,834

1,054,843

Debtors

7

290,904

446,496

Cash at bank and in hand

1,041,026

806,880

2,204,764

2,308,219

CREDITORS

Amounts falling due within one year

8

601,707

469,139

NET CURRENT ASSETS

1,603,057

1,839,080

TOTAL ASSETS LESS CURRENT LIABILITIES

17,093,582

17,115,225

CREDITORS

Amounts falling due after more than one year

9

828,593

680,733

NET ASSETS ATTRIBUTABLE TO MEMBERS

16,264,989

16,434,492

LOANS AND OTHER DEBTS DUE TO MEMBERS

11

9,909,165

9,713,035

MEMBERS' OTHER INTERESTS

Capital accounts

5,867,233

5,867,233

Other reserves

488,591

854,224

16,264,989

16,434,492

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

11

9,909,165

9,713,035

Members' other interests

6,355,824

6,721,457

16,264,989

16,434,492

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 5 April 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 29 October 2025 and were signed by:

Mr C York - Designated member

1.	STATUTORY INFORMATION

Hutton Wandesley Estate LLP is registered in England and Wales. The LLP's registered number and registered office address are as below:

Registered number:

OC392042

Registered office:

Heritage House

Murton Way

Osbaldwick

York

North Yorkshire

YO19 5UW

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 as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue is recognised to the extent that the limited liability partnership obtains the right to consideration in exchange for its performance.

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% reducing balance

Motor vehicles - 15% to 25% reducing balance

Buildings - 10% reducing balance

Holiday letting properties - 2% straight line

Land which generally has an unlimited useful life is not depreciated.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real

estate determined annually by external valuers. The valuers use observable market prices, adjusted if

necessary for any difference in the nature, location or condition of the specific asset. Changes in fair

value are recognised in profit or loss.

Stocks

Stock and agricultural valuation are valued in accordance with HMRC Helpsheet HS232 "Farm stock

valuation" (previously BEN19). Stocks are valued at the lower of cost and net realisable value using

accepted conventions to arrive at deemed cost where actual costs are not accurately ascertainable.

Harvested crops are valued using the deemed costs of production method.

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' remuneration and division of profits

The SORP recognises that the basis of calculating profits for allocation may differ from the profits

reflected through the financial statements prepared in compliance with recommended practice, given

the established need to seek to focus profit allocation on ensuring equity between different

generations and populations of members.

Members' fixed shares of profits (excluding discretionary fixed share bonuses) and interest earned on

members' balances are automatically allocated and, are treated as members' remuneration charged

as an expense to the profit and loss account in arriving at profit available for discretionary division

among members.

The remainder of profit shares, which have not been allocated until after the balance sheet date, are

treated in these financial statements as unallocated at the balance sheet date and included within

other reserves.

Fixed asset investments

Fixed asset investments are carried at fair value, derived from the current market valuation for listed investments, as provided by the stockbroker. Changes in fair value are recognised in profit or loss.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 11 (2024 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 6 April 2024

5,150,204

1,903,998

7,054,202

Additions

2,995

737,348

740,343

Disposals

(609

)

(413,099

)

(413,708

)

At 5 April 2025

5,152,590

2,228,247

7,380,837

DEPRECIATION

At 6 April 2024

619,048

1,170,267

1,789,315

Charge for year

78,174

176,883

255,057

Eliminated on disposal

(417

)

(269,535

)

(269,952

)

At 5 April 2025

696,805

1,077,615

1,774,420

NET BOOK VALUE

At 5 April 2025

4,455,785

1,150,632

5,606,417

At 5 April 2024

4,531,156

733,731

5,264,887

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 6 April 2024

504,119

Additions

74,555

Disposals

(203,832

)

Revaluations

2,127

At 5 April 2025

376,969

NET BOOK VALUE

At 5 April 2025

376,969

At 5 April 2024

504,119

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 6 April 2024

and 5 April 2025

9,507,139

NET BOOK VALUE

At 5 April 2025

9,507,139

At 5 April 2024

9,507,139

Investment properties have been valued at £9,507,139 in April 2025 (2024 - £9,507,139). The basis of

the valuation is open market value. The properties have a carrying amount at historic cost of

£904,957.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

179,606

362,422

Other debtors

111,298

84,074

290,904

446,496

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

96,094

94,842

Hire purchase contracts

100,106

22,320

Trade creditors

132,568

116,192

Taxation and social security

6,388

10,694

Other creditors

266,551

225,091

601,707

469,139

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

523,138

611,970

Hire purchase contracts

305,455

68,763

828,593

680,733

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

619,232

706,812

Hire purchase contracts

405,561

91,083

1,024,793

797,895

The bank loan and hire purchases are secured against agricultural land and other relevant assets.

11.

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 other unsecured creditors.