Registered No. OC438882 (England and Wales)
Belfield Sandford LLP
Unaudited accounts
for the year ended 31 March 2025
Belfield Sandford LLP
LLP Information
for the year ended 31 March 2025
Designated members
Belfield Developments Limited
Belfield Sandford Investment Limited
Registered Number
OC438882 (England and Wales)
Registered Office
Orchard House Orchard House
Clyst St Mary
Exeter
EX5 1BR
England
Accountants
The Fresh Accountancy Company Limited
Orchard House
Clyst St. Mary
Exeter
DEvon
EX5 1BR
Belfield Sandford LLP
Statement of financial position
as at 31 March 2025
Inventories
348,171
3,873,688
Cash at bank and in hand
1,923
25,933
Creditors: amounts falling due within one year
(649,248)
(3,797,911)
Net current assets
145,455
529,071
Net assets attributable to members
145,455
529,071
Members' capital classified as equity
659,500
805,000
Other reserves
(514,045)
(275,929)
Members' other interests
145,455
529,071
For the year ending 31 March 2025 the LLP was entitled to exemption under section 477 of the Companies Act 2006 (as applied to LLPs) relating to small LLPs.
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (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 profit and loss account has not been delivered to the Registrar of Companies.
Approved by the members on 17 December 2025.
Belfield Developments Limited
Designated member
Limited Liability Partnership Registration No. OC438882
Belfield Sandford LLP
Notes to the Accounts
for the year ended 31 March 2025
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Remuneration paid to members under a contract of employment is included as an expense in the profit and loss account. Other fixed amounts paid to members are also included within members' remuneration treated as an expense.
Members' shares in the profit or loss for the year available for discretionary division among the members are accounted for as an allocation of that balance. Allocated balances are split between the members with any unallocated balances being included within 'Other reserves'.
Work in progress is valued on the basis of direct costs plus attributable overheads where appropriate. Directly attributable finance costs are also included in the valuation of work in progress. Provision is made for any foreseeable losses where appropriate. No element of profit is included n the valuation of work in progress.
Taxation is not provided for in the accounts as taxation is the personal liability of the members. Any amounts held by the LLP on behalf of members in respect of their tax liabilities are treated as debts due to members.
Belfield Sandford LLP is a limited liability partnership, incorporated in England and Wales, registration number OC438882. Its registered office is Orchard House Orchard House, Clyst St Mary, Exeter, EX5 1BR, England.
3
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
286,597
3,062,337
Trade creditors
38,924
116,588
Amounts owed to group undertakings and other participating interests
245,000
516,400
Taxes and social security costs
2,746
-
Loans and other debts due to members rank equally with debts due to other unsecured creditors in the event of a winding up.
Belfield Sandford LLP
Notes to the Accounts
for the year ended 31 March 2025
The members are the controlling party by virtue of their controlling interest in the limited liability partnership. The ultimate controlling party is the same as the controlling party.
6
Average number of employees
During the year the average number of employees was 0 (2024: 1).