REGISTERED NUMBER: OC392094 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

EARLDOMS FARM LLP

Page

General Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

Mrs K M Wormington

M J Wormington

REGISTERED OFFICE:

Berrow Hill Farm

Berrow Hill Lane

Feckenham

Redditch

B96 6QL

REGISTERED NUMBER:

OC392094 (England and Wales)

ACCOUNTANTS:

Fawcetts LLP

Chartered Accountants

Windover House

St. Ann Street

Salisbury

SP1 2DR

FIXED ASSETS

Intangible assets

4

803

1,607

Tangible assets

5

63,698

251,924

64,501

253,531

CURRENT ASSETS

Debtors

6

200,825

15,657

Cash at bank

16,526

21,368

217,351

37,025

CREDITORS

Amounts falling due within one year

7

10,965

10,864

NET CURRENT ASSETS

206,386

26,161

TOTAL ASSETS LESS CURRENT LIABILITIES

270,887

279,692

CREDITORS

Amounts falling due after more than one year

8

41,869

48,581

NET ASSETS ATTRIBUTABLE TO MEMBERS

229,018

231,111

LOANS AND OTHER DEBTS DUE TO MEMBERS

9

158,242

160,335

MEMBERS' OTHER INTERESTS

Capital accounts

70,776

70,776

229,018

231,111

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

9

158,242

160,335

Members' other interests

70,776

70,776

Amounts due from members

6

(200,213

)

(15,471

)

28,805

215,640

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 22 December 2025 and were signed by:

Mrs K M Wormington - Designated member

1.	STATUTORY INFORMATION

Earldoms 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.

The financial statements have been prepared on a going concern basis and are presented in Sterling (£) which is the functional currency of the company.

The significant accounting policies 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.

Turnover

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

Goodwill

Goodwill represents the acquisition of entitlement to Single Farm Payments. Goodwill was acquired in 2016 and is being written off over 10 years on a straight line basis.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

-

Not depreciated

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Expenditure on fixed assets is capitalised except for expenditure incurred on the replacement of assets of low value with a short life. Repair, renovation and replacement expenditure is written off as expenditure in the profit and loss account. The cost of fixed assets is their purchase cost, together with any incidental costs of acquisition.

Debtors

Debtors are measured at their recoverable amount.

Creditors and provisions

Creditors and provisions are recognised where the company has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 2 (2024 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

8,039

AMORTISATION

At 1 April 2024

6,432

Amortisation for year

804

At 31 March 2025

7,236

NET BOOK VALUE

At 31 March 2025

803

At 31 March 2024

1,607

5.	TANGIBLE FIXED ASSETS

Improvements

to

Plant and

Motor

property

machinery

vehicles

Totals

£

£

£

£

COST

At 1 April 2024

221,605

11,002

35,431

268,038

Additions

-

19,350

-

19,350

Disposals

(197,468

)

-

-

(197,468

)

At 31 March 2025

24,137

30,352

35,431

89,920

DEPRECIATION

At 1 April 2024

-

7,256

8,858

16,114

Charge for year

-

3,465

6,643

10,108

At 31 March 2025

-

10,721

15,501

26,222

NET BOOK VALUE

At 31 March 2025

24,137

19,631

19,930

63,698

At 31 March 2024

221,605

3,746

26,573

251,924

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

200,825

15,657

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

8,750

8,750

Taxation and social security

449

420

Other creditors

1,766

1,694

10,965

10,864

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

41,869

48,581

9.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Loan and other debts due to members are unsecured and would rank pari passu with other unsecured creditors in the event of a winding up.

10.	ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party of the LLP.