REGISTERED NUMBER: OC443589 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

KENCOT HILL FARM LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

T Czapski

K Czapski

REGISTERED OFFICE:

Kencot Hill Farm

Kencot

Lechlade

United Kingdom

GL7 3QY

REGISTERED NUMBER:

OC443589 (England and Wales)

ACCOUNTANTS:

Martin and Company

Two Brewers House

50 North Street

Thame

Oxfordshire

OX9 3BH

FIXED ASSETS

Tangible assets

4

44,346

48,168

CURRENT ASSETS

Stocks

112,217

111,792

Debtors

5

466,268

457,369

Cash at bank

3,709

510

582,194

569,671

CREDITORS

Amounts falling due within one year

6

2,913

2,470

NET CURRENT ASSETS

579,281

567,201

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

623,627

615,369

LOANS AND OTHER DEBTS DUE TO MEMBERS

623,627

615,369

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

623,627

615,369

Amounts due from members

5

(80,564

)

(73,968

)

543,063

541,401

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 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 12 December 2025 and were signed by:

T Czapski - Designated member

K Czapski - Designated member

1.	STATUTORY INFORMATION

Kencot Hill Farm 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.

Turnover

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

Tangible fixed assets

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

Improvements to property

-

nil

Plant and machinery

-

20% 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.

Stocks include costs incurred to date, with regards to a Truffle field.

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.

3.	EMPLOYEE INFORMATION

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

4.	TANGIBLE FIXED ASSETS

Improvements

to

Plant and

Motor

Computer

property

machinery

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

20,987

26,248

48,422

13,150

108,807

Additions

-

1,900

-

1,297

3,197

At 31 March 2025

20,987

28,148

48,422

14,447

112,004

DEPRECIATION

At 1 April 2024

-

16,671

35,678

8,290

60,639

Charge for year

-

2,295

3,185

1,539

7,019

At 31 March 2025

-

18,966

38,863

9,829

67,658

NET BOOK VALUE

At 31 March 2025

20,987

9,182

9,559

4,618

44,346

At 31 March 2024

20,987

9,577

12,744

4,860

48,168

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

190

-

Amounts due from members

80,564

73,968

VAT

1,398

2,671

Prepayments and accrued income

384,116

380,730

466,268

457,369

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

292

-

Other creditors

170

170

Accruals and deferred income

2,451

2,300

2,913

2,470