REGISTERED NUMBER: OC451625 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 28 MARCH 2024 TO 31 MARCH 2025

FOR

W EMMETT FARMING LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

L E J Craig

D A Jenkins

C S Quinn

W H Emmett

REGISTERED OFFICE:

Hornbuckle Farm Drift Road

Hawthorn Hill

Maidenhead

Berkshire

SL6 3TZ

REGISTERED NUMBER:

OC451625 (England and Wales)

ACCOUNTANTS:

Oury Clark Chartered Accountants

Herschel House

58 Herschel Street

Slough

Berkshire

SL1 1PG

FIXED ASSETS

Tangible assets

4

7,632,845

CURRENT ASSETS

Stocks

307,000

Debtors

5

321,958

Cash at bank

710,135

1,339,093

CREDITORS

Amounts falling due within one year

6

868,754

NET CURRENT ASSETS

470,339

TOTAL ASSETS LESS CURRENT LIABILITIES

8,103,184

CREDITORS

Amounts falling due after more than one year

7

117,030

NET ASSETS ATTRIBUTABLE TO MEMBERS

7,986,154

LOANS AND OTHER DEBTS DUE TO MEMBERS

8

106,751

MEMBERS' OTHER INTERESTS

Capital accounts

7,879,403

7,986,154

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

8

106,751

Members' other interests

7,879,403

Amounts due from members

5

(123,525

)

7,862,629

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 period 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 9 November 2025 and were signed by:

W Emmett - Designated member

1.	STATUTORY INFORMATION

W Emmett Farming 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 the going concern basis.

Turnover

Turnover for the year is attributable to the principal activity of the LLP, the cultivation of crops. Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses. Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property: 20 years straight line

Improvement to property: 20 years straight line

Plant and machinery: 25% reducing balance

Fixtures and fittings: 20% reducing balance

Motor vehicles: 25% 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

Pension costs and other post-retirement benefits

The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEE INFORMATION

The average number of employees during the period was 3 .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

Additions

6,792,327

1,309,583

8,101,910

At 31 March 2025

6,792,327

1,309,583

8,101,910

DEPRECIATION

Charge for period

205,371

263,694

469,065

At 31 March 2025

205,371

263,694

469,065

NET BOOK VALUE

At 31 March 2025

6,586,956

1,045,889

7,632,845

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

Additions

557,362

At 31 March 2025

557,362

DEPRECIATION

Charge for period

118,278

At 31 March 2025

118,278

NET BOOK VALUE

At 31 March 2025

439,084

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

170,900

Other debtors

151,058

321,958

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Hire purchase contracts

66,833

Trade creditors

758,292

Other creditors

43,629

868,754

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

£

Hire purchase contracts

117,030

8.

LOANS AND OTHER DEBTS DUE TO MEMBERS

£

Amounts owed to members in respect of profits

106,751

Falling due within one year

106,751