Stubby Leas Farm LLP

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: OC391168

		31 March 2025		31 March 2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		633,469		633,469

			633,469		633,469
CURRENT ASSETS
Debtors	5	496,218		482,119
Cash at bank and in hand		51,184		36,065

		547,402		518,184
Creditors: Amounts Falling Due Within One Year	6	(7,827 )		(20,148 )

NET CURRENT ASSETS (LIABILITIES)			539,575		498,036

TOTAL ASSETS LESS CURRENT LIABILITIES			1,173,044		1,131,505

NET ASSETS ATTRIBUTABLE TO MEMBERS			1,173,044		1,131,505

REPRESENTED BY:
Equity
Members' other interests
Loans and other debts due to members		1,173,044		1,131,505

			1,173,044		1,131,505

TOTAL MEMBERS' INTEREST
Members' other interests			1,173,044		1,131,505

			1,173,044		1,131,505

Page 1

Page 2

Stubby Leas Farm LLP

Balance Sheet (continued)

As At 31 March 2025

For the 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 applicable to LLPs subject to the small LLPs regime.)

The members acknowledge their responsibilities for complying with the requirements of the Act (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 LLP has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account.

On behalf of the members

Mrs V Gray

Designated Member

22 December 2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Stubby Leas Farm LLP is a private company, limited by shares, registered in England & Wales. The company's registered number and registered office address can be found on the Company Information page.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

The financial statements are presented in sterling which is the functional currency of the LLP and rounded to the nearest £.

The significant accounting polocies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Rent

Rental income is recognised using the accrual model.

Contracting

Turnover from contracting is recognised by reference to the stage off 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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less accumulated depreciation. Cost includes costs directly attributeable to making the asset capable of operating as intended. Depreciation is provided at the following rates in order to write off each asset over its estimated useful life.

Freehold

Not provided

2.4. Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. Average Number of Employees

Average number of employees, including members with contracts of employment, during the year was: 2 (2024: 2)

4. Tangible Assets

	Land & Property
	Freehold
	£
Cost
As at 1 April 2024	633,469

As at 31 March 2025	633,469

Net Book Value
As at 31 March 2025	633,469

As at 1 April 2024	633,469

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Page 4

Stubby Leas Farm LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

5. Debtors

	31 March 2025	31 March 2024
	£	£
Due within one year
Prepayments and accrued income	4,964	4,972
Other debtors	491,254	477,147

	496,218	482,119

6. Creditors: Amounts Falling Due Within One Year

	31 March 2025	31 March 2024
	£	£
Other creditors	6,189	6,189
Accruals and deferred income	1,638	13,959

	7,827	20,148

7. Related Party Transactions

At the period end, a partnership in which Mr F R J Gray and Mrs V Gray are parners owed the LLP £491,254 (£477,147).

8. Loans and other debts due to members

Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up.

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