Hunt Drappier LLP

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: OC388868

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		-		650
Investment Properties	5		385,000		265,000

			385,000		265,650
CURRENT ASSETS
Cash at bank and in hand		1,168		210

		1,168		210
Creditors: Amounts Falling Due Within One Year	7	(4,550 )		(3,505 )

NET CURRENT ASSETS (LIABILITIES)			(3,382 )		(3,295 )

TOTAL ASSETS LESS CURRENT LIABILITIES			381,618		262,355

Creditors: Amounts Falling Due After More Than One Year	8		(35,737 )		(41,090 )

NET ASSETS ATTRIBUTABLE TO MEMBERS			345,881		221,265

REPRESENTED BY:
Loans and other debts due to members within one year
Other amounts		128,311		-

			128,311		-

Equity
Members' other interests
Members' capital		(21,240)		152,455
Other reserves		238,810		68,810

			217,570		221,265

			345,881		221,265

TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year			128,311		-
Members' other interests			217,570		221,265

			345,881		221,265

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Hunt Drappier LLP

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 2025 the LLP 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 applicable to LLPs subject to the small LLPs regime.)

The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The LLP has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account.

On behalf of the members

Mr Gareth Hunt Partner	Mrs Georgina Hunt Partner
24/12/2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Hunt Drappier LLP is a limited liability partnership, incorporated in England & Wales, registered number OC388868 . The Registered Office is 2 Sea View Terrace, Higher Hill View, Sidmouth, EX10 9DQ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP) and the Companies Act 2006 (as applied to LLPs).

The financial statements are prepared in sterling which is the functional currency of the LLP.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings

25% Reducing balance

2.4. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

3. Average Number of Employees

Average number of employees, including members with contracts of employment, during the year was: 2 (2024: 2)

4. Tangible Assets

	Fixtures & Fittings
	£
Cost or Valuation
As at 1 April 2024	1,600
Disposals	(1,600 )

As at 31 March 2025	-

...CONTINUED

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Hunt Drappier LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

Depreciation
As at 1 April 2024	950
Disposals	(950 )

As at 31 March 2025	-

Net Book Value
As at 31 March 2025	-

As at 1 April 2024	650

5. Investment Property

	2025
	£
Fair Value
As at 1 April 2024	265,000
Fair value adjustments	120,000

As at 31 March 2025	385,000

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	-	(1 )
Bank loans and overdrafts	2,772	1,386
Other creditors	1,778	2,120

	4,550	3,505

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	35,737	41,090

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