REGISTERED NUMBER: OC398948 (England and Wales)

REPORT OF THE MEMBERS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

DEERVIEW FINE FOODS LLP

Page

General Information

1

Report of the Members

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

6

DESIGNATED MEMBERS:

M J Colombotti

C Colombotti

L A Colombotti

REGISTERED OFFICE:

20 Havelock Road

Hastings

United Kingdom

East Sussex

TN34 1BP

REGISTERED NUMBER:

OC398948 (England and Wales)

ACCOUNTANTS:

Ashdown Hurrey

Chartered Accountants & Business Advisers

20 Havelock Road

Hastings

East Sussex

TN34 1BP

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 fine food producers.

DESIGNATED MEMBERS

The designated members during the year under review were:

M J Colombotti

C Colombotti

L A Colombotti

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS

The profit for the year before members' remuneration and profit shares was £43,781 (2024 - £32,579 profit).

MEMBERS' INTERESTS

The policies regarding the allocation of profits, drawings and the subscription and repayment of members' capital are disclosed in the accounting policies.

The members' interests are disclosed in the notes of the financial statements.

ON BEHALF OF THE MEMBERS:

M J Colombotti - Designated member

31 July 2025

TURNOVER

263,531

171,817

Cost of sales

(112,232

)

(82,899

)

GROSS PROFIT

151,299

88,918

Administrative expenses

(107,189

)

(55,787

)

OPERATING PROFIT

4

44,110

33,131

Interest payable and similar expenses

(329

)

(552

)

PROFIT FOR THE FINANCIAL YEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS

43,781

32,579

FIXED ASSETS

Intangible assets

5

3,429

8,185

Tangible assets

6

14,254

19,304

17,683

27,489

CURRENT ASSETS

Stocks

20,000

21,191

Debtors

7

35,600

27,394

55,600

48,585

CREDITORS

Amounts falling due within one year

8

43,681

41,974

NET CURRENT ASSETS

11,919

6,611

TOTAL ASSETS LESS CURRENT LIABILITIES

29,602

34,100

CREDITORS

Amounts falling due after more than one year

9

906

5,274

NET ASSETS ATTRIBUTABLE TO MEMBERS

28,696

28,826

LOANS AND OTHER DEBTS DUE TO MEMBERS

10

28,696

28,826

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

10

28,696

28,826

Amounts due from members

7

(12,137

)

(4,533

)

16,559

24,293

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 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 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 31 July 2025 and were signed by:

M J Colombotti - Designated member

1.	STATUTORY INFORMATION

Deerview Fine Foods 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.

The members have made an assessment about the company's ability to continue as a going concern and they do not consider there to be any material uncertainties. As a result they have adopted the going concern basis of accounting.

Turnover

Turnover represents net invoiced sale of goods, excluding value added tax and is recognised at the point that an order is placed.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of ten 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

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

33% 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.

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.

Capital subscription and repayment

The capital requirements of the partnership are determined from time to time by the Designated Members. No interest is paid on capital. On leaving the partnership, a member's capital is reviewed and repaid as agreed, taking the partnership needs into account.

Allocation of profits and drawings

The allocation of profits to those who were members during the year is made by unanimous vote of the

Designated Members.

During the year partners receive monthly drawings, and, from time to time additional sums as agreed by the

Designated Members, taking into account the partnership's cash requirements for operating and investing

activities.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 4 (2024 - 1 ) .

4.	OPERATING PROFIT

The operating profit is stated after charging:

31.3.25

31.3.24

£

£

Depreciation - owned assets

5,050

2,425

Goodwill amortisation

4,756

6,598

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

42,418

AMORTISATION

At 1 April 2024

34,233

Amortisation for year

4,756

At 31 March 2025

38,989

NET BOOK VALUE

At 31 March 2025

3,429

At 31 March 2024

8,185

6.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 April 2024

and 31 March 2025

25,531

3,888

3,169

32,588

DEPRECIATION

At 1 April 2024

12,136

253

895

13,284

Charge for year

3,349

908

793

5,050

At 31 March 2025

15,485

1,161

1,688

18,334

NET BOOK VALUE

At 31 March 2025

10,046

2,727

1,481

14,254

At 31 March 2024

13,395

3,635

2,274

19,304

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

17,016

16,823

Amounts due from members

12,137

4,533

VAT

6,447

6,038

35,600

27,394

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

19,440

22,954

Trade creditors

21,865

16,862

Social security and other taxes

76

58

Accrued expenses

2,300

2,100

43,681

41,974

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans - 1-2 years

906

4,287

Bank loans - 2-5 years

-

987

906

5,274

10.

LOANS AND OTHER DEBTS DUE TO MEMBERS

The amounts shown in 'Loans and other debts due to members' would rank after other unsecured creditors in the event of a winding up.