REGISTERED NUMBER: OC304554 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

A R Gorringe & Partners LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

A R Gorringe

P W Gorringe

REGISTERED OFFICE:

2 Wyevale Business Park

Kings Acre

Hereford

Herefordshire

HR4 7BS

REGISTERED NUMBER:

OC304554 (England and Wales)

ACCOUNTANTS:

Thorne Widgery Accountancy Ltd

Chartered Accountants

2 Wyevale Business Park

Kings Acre

Hereford

Herefordshire

HR4 7BS

FIXED ASSETS

Tangible assets

4

387,809

461,788

Investments

5

2,371

2,371

390,180

464,159

CURRENT ASSETS

Stocks

6

300,586

284,452

Debtors

7

521,922

508,909

822,508

793,361

CREDITORS

Amounts falling due within one year

8

(501,586

)

(569,649

)

NET CURRENT ASSETS

320,922

223,712

TOTAL ASSETS LESS CURRENT LIABILITIES

711,102

687,871

CREDITORS

Amounts falling due after more than one year

9

(39,223

)

(87,688

)

NET ASSETS ATTRIBUTABLE TO MEMBERS

671,879

600,183

LOANS AND OTHER DEBTS DUE TO MEMBERS

10

112,483

40,787

MEMBERS' OTHER INTERESTS

Capital accounts

559,396

559,396

671,879

600,183

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

10

112,483

40,787

Members' other interests

559,396

559,396

Amounts due from members

7

(256,724

)

(281,910

)

415,155

318,273

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 4 December 2025 and were signed by:

P W Gorringe - Designated member

1.	STATUTORY INFORMATION

A R Gorringe & Partners 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property

-

2% on cost

Plant and machinery

-

15 to 20% on cost

Equipment

-

15 to 20% on cost

Motor vehicles

-

25% on cost

Tractors and combines

-

25% on cost

Stocks

Stocks (and work in progress) have been valued at the lower of cost and net realisable value; in respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacture/completion.

Leasing

Tangible fixed assets acquired under finance leases or hire purchase contracts are capitalised and depreciated in the same manner as other tangible fixed assets. The related obligations, net of future finance charges, are included in creditors.

Rentals payable under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

Retirement benefits and amounts due to former members

The expected liabilities of the limited liability partnership for future payments in respect of retirement benefits and amounts due to former members are recognised in the accounts at the date of the members' retirement, where the member concerned ceases to be a member.

In the year in which a member retires, a transfer is made from members' interests to the liabilities of the limited liability partnership, representing the expected liability due by the limited liability partnership in respect of the former member. This transfer is reflected in the statement of total recognised gains and losses.

Remuneration

Salaried remuneration of members and related employment costs are treated as a charge against profits, as these costs represent an obligation of the limited liability partnership under an employment contract or they represent a debt of the limited liability partnership not arising from a division of profits.

3.	EMPLOYEE INFORMATION

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

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

property

machinery

Equipment

£

£

£

COST

At 1 April 2024

328,798

530,080

2,096

Additions

-

-

-

At 31 March 2025

328,798

530,080

2,096

DEPRECIATION

At 1 April 2024

52,585

367,904

2,096

Charge for year

-

76,735

-

At 31 March 2025

52,585

444,639

2,096

NET BOOK VALUE

At 31 March 2025

276,213

85,441

-

At 31 March 2024

276,213

162,176

-

Tractors

Motor

and

vehicles

combines

Totals

£

£

£

COST

At 1 April 2024

58,769

428,050

1,347,793

Additions

14,075

-

14,075

At 31 March 2025

72,844

428,050

1,361,868

DEPRECIATION

At 1 April 2024

35,369

428,051

886,005

Charge for year

11,319

-

88,054

At 31 March 2025

46,688

428,051

974,059

NET BOOK VALUE

At 31 March 2025

26,156

(1

)

387,809

At 31 March 2024

23,400

(1

)

461,788

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Tractors

Plant and

and

machinery

combines

Totals

£

£

£

COST

At 1 April 2024

and 31 March 2025

35,250

105,000

140,250

DEPRECIATION

At 1 April 2024

and 31 March 2025

35,250

105,000

140,250

NET BOOK VALUE

At 31 March 2025

-

-

-

At 31 March 2024

-

-

-

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 April 2024

and 31 March 2025

2,371

NET BOOK VALUE

At 31 March 2025

2,371

At 31 March 2024

2,371

6.

STOCKS

31.3.25

31.3.24

£

£

Stocks

300,586

284,452

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

122,858

93,026

Other debtors

399,064

415,883

521,922

508,909

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

216,434

302,366

Hire purchase contracts

42,508

42,448

Trade creditors

235,848

210,660

Taxation and social security

3,699

1,254

Other creditors

3,097

12,921

501,586

569,649

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Hire purchase contracts

8,448

50,956

Other creditors

30,775

36,732

39,223

87,688

10.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank equally with debts due to unsecured creditors in the event of a winding up.

There is no provision for specific legally enforceable protection afforded to creditors in such an event.

There are no restrictions or limitations on the ability of the members to reduce the amount of ‘Members’ other interests.