IRIS Accounts Production v25.4.0.155 OC330471 designated member designated member 30.3.24 29.3.25 29.3.25 Medium entities 207 181 true false true true false false true false These accounts have been prepared in accordance with the provisions applicable to LLPs subject to the medium-sized LLPs regime. Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhOC3304712024-03-29OC3304712025-03-29OC3304712024-03-302025-03-29OC3304712022-09-29OC3304712022-09-302024-03-29OC3304712024-03-29OC330471ns15:EnglandWales2024-03-302025-03-29OC330471ns14:PoundSterling2024-03-302025-03-29OC330471ns10:PartnerLLP12024-03-302025-03-29OC330471ns10:PartnerLLP22024-03-302025-03-29OC330471ns10:LimitedLiabilityPartnershipLLP2024-03-302025-03-29OC330471ns10:MediumEntities2024-03-302025-03-29OC330471ns10:Audited2024-03-302025-03-29OC330471ns10:Medium-sizedCompaniesRegimeForDirectorsReport2024-03-302025-03-29OC330471ns10:Medium-sizedCompaniesRegimeForAccounts2024-03-302025-03-29OC330471ns10:LimitedLiabilityPartnershipsSORP2024-03-302025-03-29OC330471ns10:FullAccounts2024-03-302025-03-29OC330471ns10:RegisteredOffice2024-03-302025-03-29OC330471ns5:CurrentFinancialInstruments2025-03-29OC330471ns5:CurrentFinancialInstruments2024-03-29OC330471ns5:Non-currentFinancialInstruments2025-03-29OC330471ns5:Non-currentFinancialInstruments2024-03-29OC330471ns5:RevaluationReserve2025-03-29OC330471ns5:RevaluationReserve2024-03-29OC330471ns5:CapitalRedemptionReserve2025-03-29OC330471ns5:CapitalRedemptionReserve2024-03-29OC330471ns5:PlantEquipmentOtherAssetsUnderOperatingLeases2024-03-302025-03-29OC330471ns5:PlantEquipmentOtherAssetsUnderOperatingLeases2022-09-302024-03-29OC330471ns5:OwnedAssets2024-03-302025-03-29OC330471ns5:OwnedAssets2022-09-302024-03-29OC330471ns5:LandBuildings2024-03-29OC330471ns5:PlantMachinery2024-03-29OC330471ns5:MotorVehicles2024-03-29OC330471ns5:LandBuildings2024-03-302025-03-29OC330471ns5:PlantMachinery2024-03-302025-03-29OC330471ns5:MotorVehicles2024-03-302025-03-29OC330471ns5:LandBuildings2025-03-29OC330471ns5:PlantMachinery2025-03-29OC330471ns5:MotorVehicles2025-03-29OC330471ns5:LandBuildings2024-03-29OC330471ns5:PlantMachinery2024-03-29OC330471ns5:MotorVehicles2024-03-29OC330471ns5:WithinOneYearns5:CurrentFinancialInstruments2025-03-29OC330471ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-29OC330471ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2025-03-29OC330471ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-03-29OC330471ns5:Secured2025-03-29OC330471ns5:Secured2024-03-29
REGISTERED NUMBER: OC330471 (England and Wales)















REPORT OF THE MEMBERS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 MARCH 2025

FOR

DODDINGTON FARMS LLP

DODDINGTON FARMS LLP (REGISTERED NUMBER: OC330471)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 MARCH 2025




Page

General Information 1

Report of the Members 2

Report of the Independent Auditors 3

Income Statement 6

Other Comprehensive Income 7

Statement of Financial Position 8

Reconciliation of Members' Interests 9

Statement of Cash Flows 11

Notes to the Statement of Cash Flows 12

Notes to the Financial Statements 14


DODDINGTON FARMS LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 29 MARCH 2025







DESIGNATED MEMBERS: Mrs C V Birch
J J C Birch
G C Birch



REGISTERED OFFICE: Doddington Hall
Lincoln
Lincolnshire
LN6 4RU



REGISTERED NUMBER: OC330471 (England and Wales)



SENIOR STATUTORY AUDITOR: Theo Banos BA FCA



AUDITORS: BHP LLP
3 Castlegate
Grantham
Lincolnshire
NG31 6SF

DODDINGTON FARMS LLP (REGISTERED NUMBER: OC330471)

REPORT OF THE MEMBERS
FOR THE YEAR ENDED 29 MARCH 2025

The members present their report with the financial statements of the LLP for the year ended 29 March 2025.

PRINCIPAL ACTIVITIES
The principal activities of the LLP in the year under review were those of running various retail outlets based on the Doddington Estate, including a farm shop and restaurant, country clothing and home interior design store, bike store and café, and a Christmas trees and decorations store. The LLP also provides services including weddings and other private functions and hosts corporate hospitality events. In addition, there is also a livestock farming venture, and the management of properties.

DESIGNATED MEMBERS
The designated members during the year under review were:

Mrs C V Birch
J J C Birch
G C Birch

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS
The loss for the year before members' remuneration and profit shares was £83,869 (2024 - £357,016 loss).

MEMBERS' INTERESTS
Any amounts contributed by the members to the LLP will be repaid by the LLP on the departure of a member from the LLP. These amounts are shown as liabilities on the statement of financial position.

Members can only withdraw profits to the extent that the LLP retains sufficient working capital to finance its ongoing operation.

STATEMENT OF MEMBERS' RESPONSIBILITIES
The members are responsible for preparing the Report of the Members 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). Under legislation applicable 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 LLP and of the profit or loss of the LLP for that period. In preparing these financial statements, the members are required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the LLP will continue in business.

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

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the members are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the LLP's auditors are unaware, and each member has taken all the steps that he or she ought to have taken as a member in order to make himself or herself aware of any relevant audit information and to establish that the LLP's auditors are aware of that information.

ON BEHALF OF THE MEMBERS:





J J C Birch - Designated member


24 December 2025

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
DODDINGTON FARMS LLP

Opinion
We have audited the financial statements of Doddington Farms LLP (the 'LLP') for the year ended 29 March 2025 which comprise the Income Statement, Other Comprehensive Income, Statement of Financial Position, Reconciliation of Members' Interests, Statement of Cash Flows and Notes to the Statement of Cash Flows, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the LLP's affairs as at 29 March 2025 and of its loss for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance 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.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the LLP in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the members' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the LLP's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the members with respect to going concern are described in the relevant sections of this report.

Other information
The members are responsible for the other information. The other information comprises the information in the Report of the Members, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Matters on which we are required to report by exception
We have nothing to report in respect of the following matters where the Companies Act 2006 as applied to LLPs requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of members
As explained more fully in the Statement of Members' Responsibilities set out on page two, the members are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the members determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the members are responsible for assessing the LLP's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the members either intend to liquidate the LLP or to cease operations, or have no realistic alternative but to do so.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
DODDINGTON FARMS LLP


Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We have identified areas of laws and regulations that could reasonably be expected to have a material effect on the financial statements from our general commercial experience, knowledge of the sector, a review of regulatory and legal correspondence and through discussions with members and other management obtained as part of the work required by auditing standards. We have also discussed with the members and other management the policies and procedures relating to compliance with laws and regulations. We communicated laws and regulations throughout the team and remained alert to any indications of non-compliance throughout the audit. The potential impact of different laws and regulations varies considerably.

Firstly, the LLP is subject to laws and regulations that directly impact the financial statements (for example financial reporting legislation) and we have assessed the extent of compliance with such laws as part of our financial statements audit. We evaluated management's incentives and opportunities for fraudulent manipulation of the financial statements (including risk of override of controls), and determined that the principal risks were related to posting inappropriate journal entries to increase reported profitability. Audit procedures performed by the engagement team included the identification and testing of unusual material journal entries .

Secondly, the LLP is subject to other laws and regulations where the consequence for non-compliance could have a material effect on the amounts or disclosures in the financial statements. We identified the following areas as those most likely to have such an effect: Health and Safety regulations, Employment laws and the LLP is required to adhere to Food Hygiene Regulations. The LLP is subject to external audits to ensure compliance with this area. Auditing standards limit the required audit procedures to identify non-compliance with these laws and regulations to enquiry of the members and other management and inspection. This inspection included a review of the external audits conducted within the year for any evidence of non-compliance, in addition to an assessment of the LLP's employment and health and safety controls. Through these procedures, if we became aware of any non-compliance, we considered the impact on the procedures performed on the related financial statement items.

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. The further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely the inherently limited procedures required by auditing standards would identify it. As with any audit, there is a greater risk of non-detection of irregularities as these may involve collusion, intentional omissions of the override of internal controls. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
DODDINGTON FARMS LLP


Use of our report
This report is made solely to the LLP's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008. Our audit work has been undertaken so that we might state to the LLP's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the LLP and the LLP's members as a body, for our audit work, for this report, or for the opinions we have formed.




Theo Banos BA FCA (Senior Statutory Auditor)
for and on behalf of BHP LLP
3 Castlegate
Grantham
Lincolnshire
NG31 6SF

29 December 2025

DODDINGTON FARMS LLP (REGISTERED NUMBER: OC330471)

INCOME STATEMENT
FOR THE YEAR ENDED 29 MARCH 2025

Period
30.9.22
Year Ended to
29.3.25 29.3.24
Notes £    £   

TURNOVER 9,813,043 11,799,606

Cost of sales 8,924,422 10,734,063
GROSS PROFIT 888,621 1,065,543

Administrative expenses 2,114,228 2,334,094
(1,225,607 ) (1,268,551 )

Other operating income 1,237,246 1,017,496
OPERATING PROFIT/(LOSS) 4 11,639 (251,055 )


Interest payable and similar expenses 5 95,508 105,961
LOSS FOR THE FINANCIAL YEAR BEFORE MEMBERS'
REMUNERATION AND PROFIT SHARES AVAILABLE FOR
DISCRETIONARY DIVISION AMONG MEMBERS


(83,869


)


(357,016


)

DODDINGTON FARMS LLP (REGISTERED NUMBER: OC330471)

OTHER COMPREHENSIVE INCOME
FOR THE YEAR ENDED 29 MARCH 2025

Period
30.9.22
Year Ended to
29.3.25 29.3.24
Notes £    £   

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


(83,869


)


(357,016


)


OTHER COMPREHENSIVE INCOME
Revaluation of investment properties
OTHER COMPREHENSIVE INCOME FOR THE YEAR - -
TOTAL COMPREHENSIVE INCOME FOR THE YEAR (83,869 ) (357,016 )

DODDINGTON FARMS LLP (REGISTERED NUMBER: OC330471)

STATEMENT OF FINANCIAL POSITION
29 MARCH 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 7 16,487,629 16,213,762
Investment property 8 3,825,000 3,825,000
20,312,629 20,038,762

CURRENT ASSETS
Stocks 9 1,034,741 1,089,997
Debtors 10 339,920 211,696
Cash at bank and in hand 160,333 19,136
1,534,994 1,320,829
CREDITORS
Amounts falling due within one year 11 1,918,674 1,941,073
NET CURRENT LIABILITIES (383,680 ) (620,244 )
TOTAL ASSETS LESS CURRENT LIABILITIES 19,928,949 19,418,518

CREDITORS
Amounts falling due after more than one year 12 3,125,925 2,631,008
NET ASSETS ATTRIBUTABLE TO MEMBERS 16,803,024 16,787,510

LOANS AND OTHER DEBTS DUE TO MEMBERS 16 15,918,894 16,176,526

MEMBERS' OTHER INTERESTS
Revaluation reserve 968,000 968,000
Other reserves (83,870 ) (357,016 )
16,803,024 16,787,510

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 16 15,918,894 16,176,526
Members' other interests 884,130 610,984
16,803,024 16,787,510

The financial statements were approved by the members of the LLP and authorised for issue on 24 December 2025 and were signed by:





J J C Birch - Designated member

DODDINGTON FARMS LLP (REGISTERED NUMBER: OC330471)

RECONCILIATION OF MEMBERS' INTERESTS
FOR THE YEAR ENDED 29 MARCH 2025


EQUITY
Members' other interests
Revaluation Other
reserve reserves Total
£    £    £   
Balance at 30 March 2024 968,000 (357,016 ) 610,984
Loss for the financial year available for discretionary division
among members

-

(83,869

)

(83,869

)
Members' interests after loss for the year 968,000 (440,885 ) 527,115
Allocation of prior year
profit - 357,015 357,015
Introduced by members - - -
Drawings on account and distributions of profit - - -
Balance at 29 March 2025 968,000 (83,870 ) 884,130

DEBT TOTAL
Loans and other debts due to MEMBERS'
members less any amounts due INTERESTS
from members in debtors
Other
amounts Total
£    £   
Amount due to members 16,176,525
Amount due from members -
Balance at 30 March 2024 16,176,525 16,787,509
Loss for the financial year available for discretionary division
among members

-

(83,869

)

Members' interests after loss for the year 16,176,525 16,703,640
Allocation of prior year
profit - 357,015
Introduced by members 31,960 31,960
Drawings on account and distributions of profit (289,591 ) (289,591 )
Amount due to members 15,918,894
Amount due from members -
Balance at 29 March 2025 15,918,894 16,803,024

DODDINGTON FARMS LLP (REGISTERED NUMBER: OC330471)

RECONCILIATION OF MEMBERS' INTERESTS
FOR THE YEAR ENDED 29 MARCH 2025

EQUITY
Members' other interests
Revaluation Other
reserve reserves Total
£    £    £   
Balance at 30 September 2022 968,000 458,260 1,426,260
Loss for the financial year available for discretionary division
among members

-

(357,016

)

(357,016

)
Members' interests after loss for the year 968,000 101,244 1,069,244
Allocation of prior year
profit - (458,260 ) (458,260 )
Introduced by members - - -
Drawings on account and distributions of profit - - -
Balance at 29 March 2024 968,000 (357,016 ) 610,984

DEBT TOTAL
Loans and other debts due to MEMBERS'
members less any amounts due INTERESTS
from members in debtors
Other
amounts Total
£    £   
Amount due to members 13,982,961
Amount due from members -
Balance at 30 September 2022 13,982,961 15,409,221
Loss for the financial year available for discretionary division
among members

-

(357,016

)

Members' interests after loss for the year 13,982,961 15,052,205
Allocation of prior year
profit - (458,260 )
Introduced by members 2,442,485 2,442,485
Drawings on account and distributions of profit (248,920 ) (248,920 )
Amount due to members 16,176,526
Amount due from members -
Balance at 29 March 2024 16,176,526 16,787,510

DODDINGTON FARMS LLP (REGISTERED NUMBER: OC330471)

STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 29 MARCH 2025

Period
30.9.22
Year Ended to
29.3.25 29.3.24
Notes £    £   
Cash flows from operating activities
Cash generated from operations 2 209,903 635,138
Interest paid (95,508 ) (105,961 )
Net cash from operating activities 114,395 529,177

Cash flows from investing activities
Purchase of tangible fixed assets (577,239 ) (2,507,701 )
Sale of tangible fixed assets 9,657 5,250
Net cash from investing activities (567,582 ) (2,502,451 )

Transactions with members and former members
Payments to members (289,591 ) (248,920 )
Contributions by members 388,975 1,984,226
99,384 1,735,306

Cash flows from other financing activities
New loans in year 505,000 -
Loan repayments in year (10,000 ) (15,000 )
495,000 (15,000 )
Net cash from financing activities 594,384 1,720,306

Increase/(decrease) in cash and cash equivalents 141,197 (252,968 )
Cash and cash equivalents at beginning of year 3 19,136 272,104

Cash and cash equivalents at end of year 3 160,333 19,136

DODDINGTON FARMS LLP (REGISTERED NUMBER: OC330471)

NOTES TO THE STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 29 MARCH 2025

1. CLASSIFICATION OF SHARE OF PROFITS IN THE CASH FLOW STATEMENT

Distributions of profits to members, as calculated per the members' agreement, are classified as operating cash flows under the heading Members' remuneration charged as an expense.

2. RECONCILIATION OF LOSS FOR THE FINANCIAL YEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES AVAILABLE FOR
DISCRETIONARY DIVISION AMONG MEMBERS TO CASH GENERATED FROM OPERATIONS

Period
30.9.22
Year Ended to
29.3.25 29.3.24
£    £   
Loss for the financial year before members' remuneration and profit shares available for
discretionary division among members

(83,869

)

(357,016

)
Depreciation charges 276,302 289,432
Profit on disposal of fixed assets (6,785 ) (4,401 )
Amortisation of entitlements 24,114 35,839
Finance costs 95,508 105,961
305,270 69,815
Decrease in stocks 55,256 289,712
(Increase)/decrease in trade and other debtors (128,224 ) 95,885
(Decrease)/increase in trade and other creditors (22,399 ) 179,726
Cash generated from operations 209,903 635,138

3. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Statement of Cash Flows in respect of cash and cash equivalents are in respect of these Statement of Financial Position amounts:

Year ended 29 March 2025
29.3.25 30.3.24
£    £   
Cash and cash equivalents 160,333 19,136
Period ended 29 March 2024
29.3.24 30.9.22
£    £   
Cash and cash equivalents 19,136 272,104


DODDINGTON FARMS LLP (REGISTERED NUMBER: OC330471)

NOTES TO THE STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 29 MARCH 2025

4. ANALYSIS OF CHANGES IN NET DEBT

At 30.3.24 Cash flow At 29.3.25
£    £    £   
Net cash
Cash at bank and in hand 19,136 141,197 160,333
19,136 141,197 160,333
Debt
Debts falling due within 1 year (10,000 ) - (10,000 )
Debts falling due after 1 year (2,631,008 ) (494,917 ) (3,125,925 )
(2,641,008 ) (494,917 ) (3,135,925 )
Net debt (before members' debt) (2,621,872 ) (353,720 ) (2,975,592 )

Loans and other debts
due to members
Other amounts due to members (16,176,525 ) 257,631 (15,918,894 )
Net debt (18,798,397 ) (96,089 ) (18,894,486 )

DODDINGTON FARMS LLP (REGISTERED NUMBER: OC330471)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 MARCH 2025

1. GENERAL INFORMATION

Doddington Farms LLP is a limited liability partnership incorporated in England and Wales. The address of the registered office is given in the general information on page one of these financial statements. The nature of the LLP's operations and principal activities are detailed in the report of the members on page two.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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" 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.

Revenue recognition
Revenue represents the fair value of sales at the Doddington Development which consists of the farm shop and restaurant, country clothing and home interior design store, bike store and café, corporate hospitality, weddings and other private functions, Christmas trees and decorations, produce and livestock, and rents receivable excluding value added tax. Sales of produce are recognised upon despatch, rents received are recognised over the period to which they relate, and all other turnover is recognised on the day of sale.

Tangible fixed assets
Tangible fixed assets are held at cost less accumulated depreciation. Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property- Nil
Plant, fixtures and equipment- 25% on reducing balance and at varying rates on cost

No depreciation is provided in respect of the freehold property, because members considers that this accounting policy results in a true and fair view, given the insignificance of depreciation.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in other comprehensive income and transferred to a non distributable revaluation reserve.

Stocks
Stocks are stated at the lower of cost and fair value less costs to sell, after making allowances for obsolete and slow moving items. Livestock is valued on a deemed cost basis. Produce is valued at the lower of cost of production and fair value less costs to sell.

Basic payment
The basic payment income is recognised in the financial statements in accordance with HM Revenue and Customs guidelines.

Government grants
Government grants relating to revenue are recognised using the accruals model. The revenue is recognised as income on a systematic basis over the period in which the related costs for which the grant is intended to compensate are recognised. Grants towards capital expenditure are released to the income statement over the expected useful life of the asset to which they relate, commencing on the date that the asset comes into use.

DODDINGTON FARMS LLP (REGISTERED NUMBER: OC330471)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 MARCH 2025

2. ACCOUNTING POLICIES - continued

Critical accounting judgements and estimation uncertainty
In the application of the LLP's accounting policies, management is required to make judgements, estimates and assumptions about the carrying value of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The key sources of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are the useful economic lives of tangible assets. The residual values, estimated useful lives and depreciation method of property, plant and equipment are reviewed, and adjusted as appropriate, at each statement of financial position date. The effects of any revision are recognised in profit or loss when the changes arise.

The investment properties are stated at fair value based on the valuations performed by Mundys Property Services LLP and updated by the members at the year end. The valuers use observable market prices adjusted as necessary for any differences in the future, location or condition of the specific asset. The directors are of the opinion that, based on available market evidence, there were no material changes to the property valuations.

3. EMPLOYEE INFORMATION

20252024
££
Wages and salaries3,781,7294,210,344
Social security costs270,651293,849
Other pension costs62,02368,982
4,114,4034,573,175

The average monthly number of employees during the year was as follows:
20252024
Retail and catering204178
Accounts and administration 33
207181

4. OPERATING PROFIT/(LOSS)

The operating profit (2024 - operating loss) is stated after charging/(crediting):

Period
30.9.22
Year Ended to
29.3.25 29.3.24
£    £   
Hire of plant and machinery 11,408 68,129
Other operating leases 50,609 14,021
Depreciation - owned assets 300,416 325,271
Profit on disposal of fixed assets (6,785 ) (4,401 )
Auditors' remuneration 7,100 6,825

DODDINGTON FARMS LLP (REGISTERED NUMBER: OC330471)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 MARCH 2025

5. INTEREST PAYABLE AND SIMILAR EXPENSES
Period
30.9.22
Year Ended to
29.3.25 29.3.24
£    £   
Bank interest - 75
Bank loan interest and fees 95,508 105,886
95,508 105,961

6. INFORMATION IN RELATION TO MEMBERS

2025 2024
£ £

Discretionary division of profit from the previous year (357,015 ) 434,947
Profit/(Loss) for the year for discretionary division (83,869 ) (357,015 )


2025 2024
The average number of members during the year was 3 3

7. TANGIBLE FIXED ASSETS
Plant,
fixtures
Freehold and Motor
property equipment vehicles Totals
£    £    £    £   
COST
At 30 March 2024 15,141,204 2,447,336 167,829 17,756,369
Additions 398,366 157,149 21,724 577,239
Disposals - (6,058 ) (17,956 ) (24,014 )
At 29 March 2025 15,539,570 2,598,427 171,597 18,309,594
DEPRECIATION
At 30 March 2024 - 1,442,176 100,431 1,542,607
Charge for year - 278,587 21,829 300,416
Eliminated on disposal - (3,899 ) (17,159 ) (21,058 )
At 29 March 2025 - 1,716,864 105,101 1,821,965
NET BOOK VALUE
At 29 March 2025 15,539,570 881,563 66,496 16,487,629
At 29 March 2024 15,141,204 1,005,160 67,398 16,213,762

DODDINGTON FARMS LLP (REGISTERED NUMBER: OC330471)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 MARCH 2025

8. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 30 March 2024
and 29 March 2025 3,825,000
NET BOOK VALUE
At 29 March 2025 3,825,000
At 29 March 2024 3,825,000

Fair value at 29 March 2025 is represented by:
£   
Valuation in 2022 968,000
Cost 2,857,000
3,825,000

If investment properties had not been revalued they would have been included at the following historical cost:

2025 2024
£    £   
Cost 2,857,000 2,857,000

Investment properties were valued on an open market basis on 18 June 2021 by Mundys Property Services LLP .

The members believe the market value of the properties as at 29 March 2025 are not materially different from the external valuation carried out on 18 June 2021.

9. STOCKS

20252024
££
Goods for resale906,871972,741
Produce, stores, tenantright and livestock127,870117,256
1,034,7411,089,997

10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 31,734 24,666
Other debtors 270,059 139,596
Prepayments and accrued income 38,127 47,434
339,920 211,696

DODDINGTON FARMS LLP (REGISTERED NUMBER: OC330471)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 MARCH 2025

11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts (see note 13) 10,000 10,000
Trade creditors 1,021,564 985,221
Social security and other taxes 141,638 187,263
Other creditors 158,706 131,403
Accruals and deferred income 586,766 627,186
1,918,674 1,941,073

12. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Bank loans (see note 13) 3,125,925 2,631,008

13. LOANS

An analysis of the maturity of loans is given below:

2025 2024
£    £   
Amounts falling due within one year or on demand:
Bank loans - less than 1 year 10,000 10,000

Amounts falling due between two and five years:
Bank loans - 2-5 years 1,667 11,667

Amounts falling due in more than five years:

Repayable by instalments
Bank loans - more than 5 years 3,124,258 2,619,341

Interest is charged on the loans, including those repayable in more than 5 years, at variable rates.

14. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
£    £   
Bank loans 3,135,925 2,641,008

The bank loans are secured against certain freehold land and properties which are included in the statement of financial position. Hire purchase contracts are secured on the asset to which they relate.

DODDINGTON FARMS LLP (REGISTERED NUMBER: OC330471)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 MARCH 2025

15. FINANCIAL INSTRUMENTS

The LLP has the following financial instruments:
2025 2024
£ £
Financial assets that are debt instruments measured at amortised cost
Trade debtors 31,734 24,666
Other debtors 270,059 139,596

Financial liabilities measured at amortised cost
Bank loans 3,135,925 2,641,008
Trade creditors 1,021,564 985,221
Other creditors 158,706 131,403

The total interest income and interest expense for financial assets and financial liabilities that are not measured at fair value through profit or loss was £nil (2024 - £nil) and £93,489 (2024 - £105,886) respectively.

16. LOANS AND OTHER DEBTS DUE TO MEMBERS
2025 2024
£    £   
Loans from members 4,968,200 4,968,201
Amounts owed to members in respect of profits 10,950,694 11,208,325
15,918,894 16,176,526

Falling due within one year 15,918,894 16,176,526

17. RELATED PARTY DISCLOSURES

The members own consumption of goods from the LLP was reimbursed in full throughout the year, via the members capital accounts.

Expenses totalling £302,563 (2024 - £195,552) were paid in the period on behalf of a charity, of which one of the members is a trustee. The LLP was owed £199,103 (2024 - £71,751) at the year-end.

Key management personnel compensation is considered to be the same as reported under "information in relation to members" disclosed in note 6.