Dunwood Farm LLP - Accounts to registrar (filleted)

REGISTERED NUMBER: OC400596 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Dunwood Farm LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

W A J Pearson

A W P N Pearson

Mrs C Pearson

REGISTERED OFFICE:

Dunwood Farm

Longsdon

Stoke on Trent

Staffordshire

ST9 9QW

REGISTERED NUMBER:

OC400596 (England and Wales)

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

179,050

174,531

179,050

174,531

CURRENT ASSETS

Stocks

62,534

55,272

Debtors

6

171,827

149,155

Cash at bank

-

1,899

234,361

206,326

CREDITORS

Amounts falling due within one year

7

177,520

179,070

NET CURRENT ASSETS

56,841

27,256

TOTAL ASSETS LESS CURRENT

LIABILITIES

235,891

201,787

CREDITORS

Amounts falling due after more than one

year

8

31,594

41,027

NET ASSETS ATTRIBUTABLE TO

MEMBERS

204,297

160,760

LOANS AND OTHER DEBTS DUE TO

MEMBERS

10

77,799

82,368

MEMBERS' OTHER INTERESTS

Capital accounts

126,498

78,392

204,297

160,760

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

10

77,799

82,368

Members' other interests

126,498

78,392

204,297

160,760

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 6 November 2025 and were signed by:

W A J Pearson - Designated member

1.	STATUTORY INFORMATION

Dunwood 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

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.

Website are being amortised evenly over their estimated useful life of three years.

Tangible fixed assets

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

Plant and machinery etc

-

25% on reducing balance and 15% 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.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangement entered into. An equity instrument in any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non- current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 15 (2024 - 11 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 April 2024

and 31 March 2025

3,102

AMORTISATION

At 1 April 2024

and 31 March 2025

3,102

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

301,310

Additions

52,721

Disposals

(18,215

)

At 31 March 2025

335,816

DEPRECIATION

At 1 April 2024

126,779

Charge for year

38,694

Eliminated on disposal

(8,707

)

At 31 March 2025

156,766

NET BOOK VALUE

At 31 March 2025

179,050

At 31 March 2024

174,531

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

Trade debtors

169,347

137,617

Other debtors

2,480

11,538

171,827

149,155

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

Bank loans and overdrafts

24,108

19,111

Hire purchase contracts

10,432

44,439

Trade creditors

141,980

114,520

Other creditors

1,000

177,520

179,070

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE

YEAR

31/3/25

31/3/24

£

Bank loans

31,594

41,027

9.	SECURED DEBTS

The following secured debts are included within creditors:

31/3/25

31/3/24

£

Bank loans

42,109

51,689

Bank Loans are secured on members private freehold property and guaranteed by them.

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 limiations on the ability of the members to reduce the amount of Members 'other interests'.