Company No: OC429137 (England and Wales)

Contents

• Limited Liability Partnership Information
• Balance Sheet
• Reconciliation of Members' Interests
• Notes to the Financial Statements

DESIGNATED MEMBERS	R Fairey
	T Holmes
	M Titcomb

MEMBERS	T Banks
	G Cameron
	J McNeil
	W Topham

REGISTERED OFFICE	C/O Endurance Estates Ltd
	Unit 1 The Press
	Station Road
	Foxton
	CB22 6SA
	United Kingdom

REGISTERED NUMBER

OC429137 (England and Wales)

ACCOUNTANT	S&W Partners (East) LLP
	Stonecross
	Trumpington High Street
	Cambridge
	CB2 9SU

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	4	768,576		768,576
		768,576		768,576
Current assets
Stocks	5	4,243		2,910
Debtors	6	13,782		5,282
Cash at bank and in hand		176,598		217,549
		194,623		225,741
Creditors: amounts falling due within one year	7	( 5,435)		( 2,757)
Net current assets		189,188		222,984
Total assets less current liabilities		957,764		991,560
Net assets attributable to members		957,764		991,560
Represented by
Members' other interests
Members' capital classified as equity		991,560		1,011,132
Other reserves		(33,796)		(19,572)
		957,764		991,560
		957,764		991,560
Total members' interests
Members' other interests		957,764		991,560
		957,764		991,560

For the financial 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.

Members' responsibilities:

• 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; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Olde Farm LLP (registered number: OC429137) were approved and authorised for issue by the Board of Directors on 03 December 2025. They were signed on its behalf by:

M Titcomb Designated member

	EQUITY Members' other interests			Total members' interests
	Members' capital (classified as equity)	Other reserves	Total	Total
	£	£	£	£
Balance at 01 April 2023	552,895	(13)	552,882	552,882
Loss for the financial year available for discretionary division among members	0	(19,572)	(19,572)	(19,572)
Members' interest after loss for the financial year	552,895	(19,585)	533,310	533,310
Introduced by members	458,250	0	458,250	458,250
Other division of losses	(13)	13	0	0
Balance at 31 March 2024	1,011,132	(19,572)	991,560	991,560
Loss for the financial year available for discretionary division among members	0	(33,796)	(33,796)	(33,796)
Members' interest after loss for the financial year	1,011,132	(53,368)	957,764	957,764
Other division of losses	(19,572)	19,572	0	0
Balance at 31 March 2025	991,560	(33,796)	957,764	957,764

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

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Olde Farm LLP is a limited liability partnership, incorporated in the United Kingdom under the Limited Liability Partnerships Act 2000 and is registered in England and Wales. The address of the LLP's registered office is C/O Endurance Estates Ltd, Unit 1 The Press, Station Road,, Foxton, CB22 6SA, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The functional currency of Olde Farm LLP is considered to be pounds sterling because that is the currency of the primary economic environment in which the LLP operates.

These financial statements are separate financial statements.

Going concern

The financial statements have been prepared on a going concern basis.

The members have made an assessment in preparing these financial statements as to whether the LLP is a going concern and have concluded that there are no material uncertainties that may cast significant doubt on the LLP's ability to continue as a going concern for a period of at least 12 months from the date of approval of these financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Taxation

The taxation payable on the LLP's profits is the personal liability of the members, although payment of such liabilities is administered by the partnership on behalf of its members. Consequently, neither LLP taxation nor related deferred taxation is accounted for in these financial statements. Sums set aside in respect of members' tax obligations are included in the balance sheet within loans and other debts due to members, or are set against amounts due from members as appropriate.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Entitlements

3 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings

not depreciated

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Financial instruments

Financial assets and financial liabilities are recognised when the LLP becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the LLP after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the LLP intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group entities and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the LLP during the year	7		7

3. Intangible assets

	Entitlements		Total
	£		£
Cost
At 01 April 2024	3,733		3,733
Disposals	( 3,733)		( 3,733)
At 31 March 2025	0		0
Accumulated amortisation
At 01 April 2024	3,733		3,733
Disposals	( 3,733)		( 3,733)
At 31 March 2025	0		0
Net book value
At 31 March 2025	0		0
At 31 March 2024	0		0

4. Tangible assets

	Land and buildings		Total
	£		£
Cost
At 01 April 2024	768,576		768,576
At 31 March 2025	768,576		768,576
Accumulated depreciation
At 01 April 2024	0		0
At 31 March 2025	0		0
Net book value
At 31 March 2025	768,576		768,576
At 31 March 2024	768,576		768,576

5. Stocks

	2025		2024
	£		£
Stocks	4,243		2,910

6. Debtors

	2025		2024
	£		£
Prepayments and accrued income	10,383		261
VAT recoverable	3,399		5,021
	13,782		5,282

7. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	3,328		287
Accruals	2,107		2,470
	5,435		2,757