REGISTERED NUMBER: OC368372 (England and Wales)

Unaudited Financial Statements for the Year Ended 5 April 2025

for

Deal Land LLP

Page

General Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

Mrs Ann Constance Titcomb Estate

S J Titcomb Will Trust

Mr Mark Christopher Titcomb

REGISTERED OFFICE:

Third Floor

20 Old Bailey

London

EC4M 7AN

REGISTERED NUMBER:

OC368372 (England and Wales)

ACCOUNTANTS:

Hardcastle Burton LLP

Lake House

Market Hill

Royston

Hertfordshire

SG8 9JN

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

8,717,508

8,184,668

Investments

6

120

120

8,717,628

8,184,788

CURRENT ASSETS

Biological assets

190,575

190,694

Debtors

151,671

525,236

Cash at bank

286,587

251,221

628,833

967,151

CREDITORS

Amounts falling due within one year

371,212

205,721

NET CURRENT ASSETS

257,621

761,430

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

8,975,249

8,946,218

MEMBERS' EQUITY

7

8,975,249

8,946,218

TOTAL MEMBERS' INTERESTS

Members' equity

7

8,975,249

8,946,218

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 year ended 5 April 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 5 April 2025 in accordance with Section 444(2A) of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

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 11 December 2025 and were signed by:

S J Titcomb Will Trust - Designated member

1.	STATUTORY INFORMATION

Deal Land 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 as modified by the revaluation of certain assets.

Turnover

Turnover represents net invoiced crop income & farming subsidy.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold Property

Not depreciated

Improvements to property

4% at cost

Plant & machinery

20% on reducing balance

Biological assets

Biological assets represent the value of growing and harvested crop. These are valued at the lower of cost and net realisable value less costs to sell after making due allowance for obsolete or slow moving items.

Quota & entitlements

Sugar beet quota and farming entitlements both purchased along with the freehold property are held as intangible fixed assets. Due to the CAP reform, old single farm payment entitlements ceased to exist on 31/12/2014. The directors therefore decided to amortise the cost of these entitlements and the beet quota on a 50% straight line basis, so as to fully amortise these as at 5 April 2015.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 1 (2024 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 6 April 2024

and 5 April 2025

46,675

AMORTISATION

At 6 April 2024

and 5 April 2025

46,675

NET BOOK VALUE

At 5 April 2025

-

At 5 April 2024

-

5.	TANGIBLE FIXED ASSETS

Totals

£

COST OR VALUATION

At 6 April 2024

8,476,170

Additions

534,872

At 5 April 2025

9,011,042

DEPRECIATION

At 6 April 2024

291,502

Charge for year

2,032

At 5 April 2025

293,534

NET BOOK VALUE

At 5 April 2025

8,717,508

At 5 April 2024

8,184,668

Cost or valuation at 5 April 2025 is represented by:

Totals

£

Valuation in 2025

2,622,881

Cost

6,388,161

9,011,042

6.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST

At 6 April 2024

and 5 April 2025

120

NET BOOK VALUE

At 5 April 2025

120

At 5 April 2024

120

7.	MEMBERS' EQUITY

If present, repayment of Members debt will take preference over equity due to Members but not before all other creditors have been settled.