Company No: OC307548 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	4	1,204,083		1,207,068
Investments	5	230,763		230,763
		1,434,846		1,437,831
Current assets
Debtors	6	7,756		2,937
Cash at bank and in hand		4,783		3,987
		12,539		6,924
Creditors: amounts falling due within one year	7	( 8,738)		( 10,853)
Net current assets/(liabilities)		3,801		(3,929)
Total assets less current liabilities		1,438,647		1,433,902
Net assets attributable to members		1,438,647		1,433,902
Represented by
Loans and other debts due to members within one year
Members' capital classified as a liability		473,390		397,834
Other amounts		1,102,474		1,106,464
		1,575,864		1,504,298
Members' other interests
Other reserves		(137,217)		(70,396)
		(137,217)		(70,396)
		1,438,647		1,433,902
Total members' interests
Loans and other debts due to members		1,575,864		1,504,298
Members' other interests		(137,217)		(70,396)
		1,438,647		1,433,902

For the financial year ending 31 March 2025 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

Members' responsibilities:

• The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Catherine Harwood Bell LLP (registered number: OC307548) were approved and authorised for issue by the Board of Directors on 23 December 2025. They were signed on its behalf by:

Timothy James Hobbs Designated member

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

The limited liability partnership is incorporated in the United Kingdom under the Limited Liability Partnership Act 2000. The address of the registered office is given on the limited liability partnership information page. The nature of the limited liability partnership’s operations and its principal activities are given in the members’ report.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Financial Reporting Standard 102 (FRS 102) issued by the Financial Reporting Council and the requirements of the Statement of Recommended Practice Accounting by Limited Liability Partnerships (issued January 2017).

The functional currency of Catherine Harwood Bell LLP is considered to be pounds sterling because that is the currency of the primary economic environment in which the limited liability partnership operates.

Going concern

The members of the LLP are currently reviewing the various alternative options on what basis to proceed with the LLP. Currently work is being undertaken to a property owned by the LLP, with a view to the provision of holiday accommodation and the development of trading activities on site. The members of the LLP are able to access funds to enable this venture to proceed. The financial statements have therefore been prepared on a going concern basis.

Turnover

Other revenue included in the turnover represents an interest income. The wayleaves income is included within other operating income.

Members' remuneration and division of profits

Profits for the year are allocated in accordance with the LLP agreement. Profits or losses in respect of any accounting year shall be allocated to the members' account automatically and immediately on the approval of the accounts.

Unallocated profits and losses are included within 'other reserves'.

Tangible fixed assets

Tangible fixed assets are stated at cost, net of depreciation and any provision for impairment.

It is the Members' policy to maintain the buildings included within the freehold property in a state of sound repair, with such costs being written off to the profit and loss account when incurred. Accordingly the Members believe that the useful economic life of the buildings is so long and that the residual value, estimated at prices prevailing at the year end, is so high that any depreciation charge is not material to the accounts. Any impairment in the value of the freehold property is recognised in the profit and loss account when incurred.

The members consider that a substantial element of the value of freehold property is represented by the land value of the site, which has not been depreciated.
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Investment property	not depreciated
Plant and machinery	15 % reducing balance
Vehicles	25 % reducing balance
Other property, plant and equipment	20 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Fixed asset investments

Fixed asset investments are stated at historical cost less provision for any diminution in value.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the LLP after deducting all of its liabilities.

The LLP holds the following financial instruments, all of which meet the conditions to be classified as basic instruments:
- Short term debtors and creditors

Such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment judgements.

Loans which meet the criteria under FRS 102 to be classed as 'basic financial instruments' are initially recorded at transaction price and subsequently measured at amortised cost using the effective interest method.

Provisions

Provisions are recognised when the LLP has a present obligation (legal or constructive) as a result of a past event, it is probable that the LLP will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Judgements

The members have considered the judgements and estimation uncertainties included in these financial statements and the accounting policies applied.

The items in the financial statements where these judgements and estimates have been made include:

• Estimation of the useful life of buildings
• Estimation of the residual value of property at the year end

These are revised at each year end.

2. Critical accounting judgements and key sources of estimation uncertainty

In the application of the LLP’s accounting policies, the members are required to make judgements that have a significant impact on the amounts recognised. The following are the critical judgements that the members have made in the process of applying the LLP’s accounting policies and that have the most significant effect on the amounts recognised in the financial statements.

3. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the LLP during the year	1		1

4. Tangible assets

	Investment property		Plant and machinery		Vehicles		Other property, plant and equipment		Total
	£		£		£		£		£
Cost
At 01 April 2024	2,168,363		64,199		82,033		587		2,315,182
Additions	1,402		0		0		0		1,402
At 31 March 2025	2,169,765		64,199		82,033		587		2,316,584
Accumulated depreciation
At 01 April 2024	987,003		43,927		76,636		548		1,108,114
Charge for the financial year	0		2,998		1,350		39		4,387
At 31 March 2025	987,003		46,925		77,986		587		1,112,501
Net book value
At 31 March 2025	1,182,762		17,274		4,047		0		1,204,083
At 31 March 2024	1,181,360		20,272		5,397		39		1,207,068

5. Fixed asset investments

	Listed investments		Total
	£		£
Cost or valuation before impairment
At 01 April 2024	230,763		230,763
At 31 March 2025	230,763		230,763
Carrying value at 31 March 2025	230,763		230,763
Carrying value at 31 March 2024	230,763		230,763

6. Debtors

	2025		2024
	£		£
Trade debtors	350		350
Other debtors	7,406		2,587
	7,756		2,937

7. Creditors: amounts falling due within one year

	2025		2024
	£		£
Other taxation and social security	243		192
Other creditors	8,495		10,661
	8,738		10,853