Henshaws Farming LLP iXBRL

Limited Liability Partnership Number: OC396245

Henshaws Farming LLP

Unaudited Financial Statements

for the financial year ended 31 March 2025

Henshaws Farming LLP

MEMBERS AND OTHER INFORMATION

Members	Miss Lisa Henshaw
	Mr Lee Henshaw


Limited Liability Partnership Number	OC396245


Registered Office	8-10 Gatley Road
	Cheadle
	Cheshire
	SK8 1PY


Accountants	Langers
	Chartered Certified Accountants
	8-10 Gatley Road
	Cheadle
	Cheshire
	SK8 1PY

Henshaws Farming LLP

STATEMENT OF MEMBERS' RESPONSIBILITIES IN RESPECT OF THE MEMBERS’ REPORT AND THE FINANCIAL STATEMENTS

for the financial year ended 31 March 2025

General responsibilities

The members are responsible for preparing the Members’ Report and the financial statements in accordance with applicable law and regulations.

Legislation applicable to limited liability partnerships requires the members to prepare financial statements for each financial year. Under that law the members have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law), including FRS102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland", applying Section 1A of that Standard. Under company law as applied to Limited Liability Partnerships the members must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Limited Liability Partnership and of the profit or loss of the Limited Liability Partnership for that period.

The members are responsible for keeping adequate accounting records that are sufficient to show and explain the Limited Liability Partnership's transactions and disclose with reasonable accuracy at any time the financial position of the Limited Liability Partnership and enable them to ensure that the financial statements comply with the Companies Act 2006 as applied to limited liability partnerships by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008. The members are also responsible for safeguarding the assets of the Limited Liability Partnership and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The members are responsible for the maintenance and integrity of the corporate and financial information included on the limited liability partnership website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Members' declaration on unaudited financial statements

In relation to the financial statements comprising the Statement of Financial Position and related notes, including a summary of significant accounting policies set out in note 2.

The members approve these financial statements and confirm that they are responsible for them, including selecting the appropriate accounting policies, applying them consistently and making, on a reasonable and prudent basis, the judgements underlying them. They have been prepared on the going concern basis on the grounds that the Limited Liability Partnership will continue in business.

The members confirm that they have made available to Langers, Chartered Certified Accountants, all the Limited Liability Partnership's accounting records and provided all the information, books and documents necessary for the compilation of the financial statements.

The members confirm that to the best of their knowledge and belief, the accounting records reflect all the transactions of the Limited Liability Partnership for the financial year ended 31 March 2025.

Approved by the members on 24 December 2025

and signed on behalf of the members



__________________________________
Miss Lisa Henshaw
Designated Member

Henshaws Farming LLP

Limited Liability Partnership Number: OC396245

STATEMENT OF FINANCIAL POSITION

as at 31 March 2025


		2025	2024
	Notes	£	£

Current Assets

Debtors

7,000

7,000

Cash at bank and in hand

4,727,283

5,080,325

─────────

4,734,283

5,087,325

Creditors: Amounts falling due within one year

(3,260,492)

(8,980)

─────────

Net Current Assets

1,473,791

5,078,345

─────────

Net assets attributable to members

1,473,791

5,078,345

═════════

Represented By:

Loans and other debts due to members within one year

Members' capital classified as a liability

1,473,791

5,078,345

═════════

Total Members' Interests

Loans and other debts due to members

1,473,791

5,078,345

═════════

The Limited Liability Partnership has taken advantage of the exemption under section 444 not to file the Income Statement.

For the financial year ended 31 March 2025 the Limited Liability Partnership was entitled to exemption from audit under section 477 of the Companies Act 2006, as modified by Regulation 34 of the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

The members confirm that the members have not required the Limited Liability Partnership to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the companies act 2006.

The members acknowledge their responsibilities for ensuring that the Limited Liability Partnership keeps accounting records which comply with Section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the Limited Liability Partnership as at the end of the financial year and of its profit and loss for the financial year then ended in accordance with Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the Limited Liability Partnership.

These financial statements have been prepared in accordance with the special provisions relating to small Limited Liability Partnership within Part 15 of the Companies Act 2006 (as applied to Limited Liability Partnerships by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008) as amended.

These unaudited financial statements were approved by the members.

These financial statements were approved by the members and authorised for issue on 24 December 2025, and signed on their behalf by:

________________________________

Miss Lisa Henshaw

Designated Member

LLP No. OC396245

Henshaws Farming LLP

NOTES TO THE FINANCIAL STATEMENTS

for the financial year ended 31 March 2025

GENERAL INFORMATION

Henshaws Farming LLP is an LLP incorporated in England 8-10 Gatley Road, Cheadle, Cheshire, SK8 1PY, is the registered office, which is also the principal place of business of the LLP. The nature of the LLP’s operations and its principal activities are set out in the Members' Report. The financial statements have been presented in Pound (£) which is also the functional currency of the company.

ACCOUNTING POLICIES

Statement of compliance

The financial statements of the Limited Liability Partnership for the financial year ended 31 March 2025 have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland", applying Section 1A of the Standard, issued by the Financial Reporting Council and in accordance with the Companies Act 2006 as applied to limited liability partnerships by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, as amended.

Basis of preparation

The financial statements have been prepared under the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets. The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the Limited Liability Partnership's financial statements.

Cash flow statement

The Limited Liability Partnership has availed of the exemption in Section 1A, FRS 102 from the requirement to prepare a Statement of Cash Flows because it is classified as a small entity.

Members' remuneration

Members' remuneration is treated as a charge against profits. It includes profits that are automatically divided between members by virtue of the members' agreement.

A member's share in the profit and loss for the financial year is accounted for as an allocation of profits.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the Statement of Financial Position bank overdrafts are shown within Creditors.

Borrowing costs

Borrowing costs relating to the acquisition of assets are capitalised at the appropriate rate by adding them to the cost of assets being acquired. Investment income earned on the temporary investment of specific borrowings pending their expenditure on the assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

SIGNIFICANT ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY

Preparation of the financial statements requires management to make significant judgements and estimates. The items in the financial statements where these judgments and estimates have been made include:

EMPLOYEES

The average monthly number of persons (including members with contracts of employment) employed during the financial year, was nil.


5.	DEBTORS	2025	2024
		£	£

	Trade debtors	7,000	7,000
		═════════	═════════


6.	CREDITORS	2025	2024
	Amounts falling due within one year	£	£

	Provisions short term	3,251,932	-
	Trade creditors	7,000	7,420
	Accruals	1,560	1,560
		─────────	─────────
		3,260,492	8,980
		═════════	═════════

CAPITAL COMMITMENTS

The Limited Liability Partnership had no material capital commitments at the financial year-ended 31 March 2025.

RANKING IN THE EVENT OF WINDING UP

No protection is affordable in respect of items shown in the Balance Sheet as Members' Other Interests.

EVENTS AFTER END OF REPORTING PERIOD

Settlement of Dispute - Adjusting Event

During the November 2022 year Henshaws Farming LLP sold land and this resulted in a legal dispute.

On 22 October 2025 an agreement was reached to settle the dispute between the members and DLA Piper UK LLP regarding the legal claim relating to overage on the land sale. The provision provided for at 31 March 2025 is £3,251,931.51, in full and final settlement of the liability of Lisa Henshaw and Lee Henshaw within the dispute. Settlement is expected within one year of this period of account.