REGISTERED NUMBER: OC403709 (England and Wales)

Report of the Members and

Financial Statements

for the Year Ended 31 March 2025

for

Birch Farms (C & N) LLP

Page

General Information

1

Report of the Members

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

6

DESIGNATED MEMBERS:

N R R Cottrell

Mrs C Cottrell

REGISTERED OFFICE:

Hellens

Hardy's Green

Birch

Colchester

Essex

CO2 0NY

REGISTERED NUMBER:

OC403709 (England and Wales)

ACCOUNTANTS:

Strutt & Parker

Coval Hall

Rainsford Road

Chelmsford

Essex

CM1 2QF

The members present their report with the financial statements of the LLP for the year ended 31 March 2025.

PRINCIPAL ACTIVITY

The principal activity of the LLP in the year under review was that of farming

DESIGNATED MEMBERS

The designated members during the year under review were:

N R R Cottrell

Mrs C Cottrell

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS

The profit for the year before members' remuneration and profit shares was £200,674 (2024 - £162,145 profit).

MEMBERS' INTERESTS

ON BEHALF OF THE MEMBERS:

N R R Cottrell - Designated member

7 November 2025

REVENUE

437,495

483,868

Cost of sales

(198,081

)

(243,107

)

GROSS PROFIT

239,414

240,761

Distribution costs

(40,935

)

(41,495

)

Administrative expenses

(220,294

)

(223,389

)

(21,815

)

(24,123

)

Other operating income

265,851

233,669

OPERATING PROFIT

4

244,036

209,546

Interest payable and similar expenses

(43,362

)

(47,401

)

PROFIT FOR THE FINANCIAL YEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS

200,674

162,145

FIXED ASSETS

Intangible assets

5

-

-

Property, plant and equipment

6

10,518,551

10,519,105

Investment property

7

8,460,000

8,460,000

18,978,551

18,979,105

CURRENT ASSETS

Inventories

71,413

108,073

Debtors

8

338,319

138,575

Cash at bank

-

1,500

409,732

248,148

CREDITORS

Amounts falling due within one year

9

434,527

267,792

NET CURRENT LIABILITIES

(24,795

)

(19,644

)

TOTAL ASSETS LESS CURRENT LIABILITIES

18,953,756

18,959,461

CREDITORS

Amounts falling due after more than one year

10

998,754

1,062,081

NET ASSETS ATTRIBUTABLE TO MEMBERS

17,955,002

17,897,380

LOANS AND OTHER DEBTS DUE TO MEMBERS

13

74,346

16,724

MEMBERS' OTHER INTERESTS

Capital accounts

17,880,656

17,880,656

17,955,002

17,897,380

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

13

74,346

16,724

Members' other interests

17,880,656

17,880,656

Amounts due from members

8

(265,987

)

(74,495

)

17,689,015

17,822,885

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 in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The financial statements were approved by the members of the LLP and authorised for issue on 7 November 2025 and were signed by:

N R R Cottrell - Designated member

Mrs C Cottrell - Designated member

1.	STATUTORY INFORMATION

Birch Farms (C & N) 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 as modified by the revaluation of certain assets.

Turnover

Revenue 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.

Entitlements are being amortised evenly over their estimated useful life of six years.

Tangible fixed assets

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

Land and buildings

-

0%

Plant and machinery etc

-

15% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks

Stocks are held at valuation prepared in accordance with the conventions set out in the CAAV/RICS Stocktaking Guidance Notes.

The valuation has been prepared in accordance with the Inland Revenue Guidance Notes, BEN19, amended in accordance with ICAEW guidance on Basic Payment treatment for accounting purposes.

Consumable stores of seeds, fertiliser, chemicals, fuel and sundry stores are valued at invoice price or market value if lower.

Crops in store have been valued on a deemed cost basis, which has been calculated at 75% of market value.

Hire purchase and leasing commitments

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

3.	EMPLOYEE INFORMATION

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

4.	OPERATING PROFIT

The operating profit is stated after charging:

Period

1.5.23

Year Ended

to

31.3.25

31.3.24

£

£

Depreciation - owned assets

41,057

32,337

5.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 April 2024

and 31 March 2025

86,562

AMORTISATION

At 1 April 2024

and 31 March 2025

86,562

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

6.	PROPERTY, PLANT AND EQUIPMENT

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2024

10,265,000

517,261

10,782,261

Additions

-

48,535

48,535

Disposals

-

(8,032

)

(8,032

)

At 31 March 2025

10,265,000

557,764

10,822,764

DEPRECIATION

At 1 April 2024

-

263,156

263,156

Charge for year

-

41,057

41,057

At 31 March 2025

-

304,213

304,213

NET BOOK VALUE

At 31 March 2025

10,265,000

253,551

10,518,551

At 31 March 2024

10,265,000

254,105

10,519,105

Plant and machinery etc of £227,483 was transferred at net book value from Birch Farms Partnership ("BFP") on 01 February 2016.

7.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

8,460,000

NET BOOK VALUE

At 31 March 2025

8,460,000

At 31 March 2024

8,460,000

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

70,545

63,145

Amounts due from members

265,987

74,495

Prepayments and accrued income

1,787

935

338,319

138,575

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts (see note 11)

329,656

181,034

Trade creditors

23,719

43,817

VAT

14,294

11,728

Other creditors

37,689

1,285

Accruals and deferred income

29,169

29,928

434,527

267,792

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans (see note 11)

961,601

994,265

Other creditors

37,153

67,816

998,754

1,062,081

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

961,601

994,265

11.

LOANS

An analysis of the maturity of loans is given below:

2025

2024

£

£

Amounts falling due within one year or on demand:

Bank overdrafts

297,030

149,986

Bank loans - less than 1 yr

32,626

31,048

329,656

181,034

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

961,601

994,265

12.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

994,227

1,025,313

The three AMC loans totalling £1,157,182 are secured against freehold property of an LLP member. The loans are at fixed rates between 4.89% and 5.03% and repayable over the period until 2044.

13.

LOANS AND OTHER DEBTS DUE TO MEMBERS

2025

2024

£

£

Amounts owed to members in respect of profits

74,346

16,724

Falling due within one year

74,346

16,724

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'.

14.	RELATED PARTY DISCLOSURES

Round 69 Settlement - Cottrell Fund is a related party as two members of Birch Farms (C & N) LLP are also trustees of Round 69 Settlement.

The balance owed to Round 69 Settlement - Cottrell Fund at the year end was £749.

All related party transactions were entered into on a commercial basis.