ACCOUNTS - Final Accounts preparation

Registered number: OC423401

HINXHILL ESTATE LLP

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2025


HINXHILL ESTATE LLP REGISTERED NUMBER:OC423401

BALANCE SHEET

AS AT 31 MARCH 2025

		2025		2024
Note

FIXED ASSETS
Tangible assets	4		14,431,753		14,392,502
CURRENT ASSETS
Stocks		589,602		387,175
Debtors: amounts falling due within one year	5	327,297		144,816
Cash at bank and in hand		731,902		1,099,615
		1,648,801		1,631,606
Creditors: Amounts Falling Due Within One Year	6	(219,571)		(246,462)
NET CURRENT ASSETS			1,429,230		1,385,144
TOTAL ASSETS LESS CURRENT LIABILITIES			15,860,983		15,777,646

NET ASSETS			£15,860,983		£15,777,646

REPRESENTED BY:
LOANS AND OTHER DEBTS DUE TO MEMBERS WITHIN ONE YEAR
Members' capital classified as a liability			12,317,351		12,317,351
Other amounts	8		3,543,632		3,460,295
			15,860,983		15,777,646

			£15,860,983		£15,777,646

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members	8		15,860,983		15,777,646
			£15,860,983		£15,777,646

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HINXHILL ESTATE LLP REGISTERED NUMBER:OC423401

BALANCE SHEET (CONTINUED)

AS AT 31 MARCH 2025

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small LLPs regime.

The entity 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.

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.

The financial statements have been delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The entity has opted not to file the profit and loss account in accordance with the provisions applicable to entities subject to the small LLPs regime.

The financial statements were approved and authorised for issue by the members and were signed on their behalf on 22 December 2025.

___________________________ P R Houchin	___________________________ J R Houchin
Designated member	Designated member
___________________________ J L Houchin Designated member

The notes on pages 4 to 8 form part of these financial statements.

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		HINXHILL ESTATE LLP

RECONCILIATION OF MEMBERS' INTERESTS

FOR THE YEAR ENDED 31 MARCH 2025


	DEBT Loans and other debts due to members less any amounts due from members in debtors
	Members' capital (classified as debt)	Other amounts	Total
Members' interests after profit for the year	12,317,351	-	12,317,351
Amounts introduced by members	-	4,634,448	4,634,448
Drawings	-	(1,174,152)	(1,174,152)
Amounts due to members	12,317,351	3,460,295	15,777,646
Balance at 31 March 2024	12,317,351	-	12,317,351
Members' interests after profit for the year	12,317,351	-	12,317,351
Amounts introduced by members	-	4,462,890	4,462,890
Drawings	-	(919,258)	(919,258)
Amounts due to members	12,317,351	3,543,632	15,860,983
Balance at 31 March 2025	£12,317,351	£3,543,632	£15,860,983

The notes on pages 4 to 8 form part of these financial statements.

There are no existing restrictions or limitations which impact the ability of the members of the LLP to reduce the amount of Members' other interests.

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HINXHILL ESTATE LLP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1.	General information

Hinxhill Estate LLP is a limited liability partnership incorporated in England and Wales. The registered office is Henwood House, Henwood, Ashford, Kent, TN24 8DH.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the requirements and the Companies Act 2006 and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liabilities Partnerships'. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the LLP and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

∙the LLP has transferred the significant risks and rewards of ownership to the buyer;

∙the LLP retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

∙the amount of revenue can be measured reliably;

∙it is probable that the LLP will receive the consideration due under the transaction; and

∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the LLP will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

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HINXHILL ESTATE LLP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.4

Division and distribution of profits

A division of profits is the mechanism by which the profits of an LLP become a debt due to members. A division may be automatic or discretionary, may relate to some or all of the profits for a financial period and may take place during or after the end of a financial period.

An automatic division of profits is one where the LLP does not have an unconditional right to avoid making a division of an amount of profits based on the members' agreement in force at the time, whereas a discretionary division of profits requires a decision to be made by the LLP, which it has the unconditional right to avoid making.

The LLP divides profits automatically. Automatic divisions of profits are recognised as 'Members' remuneration charged as an expense in .

2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

				Hinxhill freehold property	-	Not depreciated
				Plant and machinery	-	15-25% reducing balance
				Motor vehicles	-	25% reducing balance
				Fixtures and fittings	-	15-25% reducing balance
				Office equipment	-	15-25% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.6

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

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HINXHILL ESTATE LLP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3.

Employees

The average monthly number of employees, including directors, during the year was 3 (2024 - 3).

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HINXHILL ESTATE LLP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

4.	Tangible fixed assets

		Freehold property	Plant and machinery	Motor vehicles	Fixtures and fittings	Office equipment	Total
	Cost or valuation
	At 1 April 2024	12,535,682	1,594,601	666,436	930,840	3,927	15,731,486
	Additions	-	234,734	99,502	-	11,157	345,393
	Disposals	-	(15,462)	(67,103)	-	-	(82,565)
	At 31 March 2025	12,535,682	1,813,873	698,835	930,840	15,084	15,994,314
	Depreciation
	At 1 April 2024	-	553,831	259,909	524,513	732	1,338,985
	Charge for the year on owned assets	-	129,815	86,412	62,056	1,666	279,949
	Disposals	-	(8,929)	(47,444)	-	-	(56,373)
	At 31 March 2025	-	674,717	298,877	586,569	2,398	1,562,561
	Net book value
	At 31 March 2025	£12,535,682	£1,139,156	£399,958	£344,271	£12,686	£14,431,753
	At 31 March 2024	£12,535,682	£1,040,771	£406,527	£406,327	£3,195	£14,392,502

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HINXHILL ESTATE LLP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

5.

Debtors

2025

2024


	Trade debtors	225,307	64,898
	Other debtors	415	2,642
	Prepayments and accrued income	101,575	77,276
		£327,297	£144,816

6.	Creditors: Amounts falling due within one year
					2025	2024

	Trade creditors	85,026	66,209
	Other taxation and social security	9,433	6,559
	Other creditors	1,459	1,807
	Accruals and deferred income	123,653	171,887
		£219,571	£246,462

7.	Financial instruments
					2025	2024

	Financial assets
	Financial assets measured at fair value through profit or loss	£731,902	£1,099,615

Financial assets measured at fair value through profit or loss comprise cash at bank and in hand.

8.	Loans and other debts due to members

					2025	2024


	Members' capital treated as debt	12,317,351	12,317,351
	Other amounts due to members	3,543,632	3,460,295
		£15,860,983	£15,777,646

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

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