REGISTERED NUMBER: OC352744 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

FOR

COBHAM FARMS LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

5

DESIGNATED MEMBERS:

Mrs C J Boileau

J A Trafford

Lady Cobham

REGISTERED OFFICE:

25 St Thomas Street

Winchester

Hampshire

SO23 9HJ

REGISTERED NUMBER:

OC352744 (England and Wales)

ACCOUNTANTS:

Martin and Company

25 St Thomas Street

Winchester

Hampshire

SO23 9HJ

BANKERS:

Coutts and Company

440 Strand

London

WC2R 0QS

SOLICITORS:

Charles Russell Speechlys LLP

5 Fleet Place

London

EC4M 7RD

FIXED ASSETS

Intangible assets

4

16,940

16,940

Tangible assets

5

47,968,899

44,104,573

47,985,839

44,121,513

CURRENT ASSETS

Stocks

455,496

502,473

Debtors

6

444,554

456,084

Cash at bank

3,198,041

2,731,846

4,098,091

3,690,403

CREDITORS

Amounts falling due within one year

7

407,884

709,993

NET CURRENT ASSETS

3,690,207

2,980,410

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

51,676,046

47,101,923

LOANS AND OTHER DEBTS DUE TO MEMBERS

8

3,668,647

2,933,496

MEMBERS' OTHER INTERESTS

Capital accounts

48,007,399

44,168,427

51,676,046

47,101,923

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

8

3,668,647

2,933,496

Members' other interests

48,007,399

44,168,427

51,676,046

47,101,923

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 31st March 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.

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 31st December 2025 and were signed by:

Lady Cobham - Designated member

1.	STATUTORY INFORMATION

Cobham Farms 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Basic payment scheme entitlements are being amortised evenly over their estimated useful life of seven years.

Tangible fixed assets

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

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

The value of freehold buildings is not separately identified from land on the LLP's in-hand farming properties as this is not considered to provide any additional value to the members. No depreciation is therefore provided in respect of these buildings.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Pension costs and other post-retirement benefits

The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 4 (2024 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1st April 2024

and 31st March 2025

106,728

AMORTISATION

At 1st April 2024

and 31st March 2025

89,788

NET BOOK VALUE

At 31st March 2025

16,940

At 31st March 2024

16,940

5.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Plant and

Motor

property

property

machinery

vehicles

Totals

£

£

£

£

£

COST

At 1st April 2024

34,317,627

9,744,046

214,900

31,450

44,308,023

Additions

3,405,777

433,196

24,125

18,889

3,881,987

At 31st March 2025

37,723,404

10,177,242

239,025

50,339

48,190,010

DEPRECIATION

At 1st April 2024

-

17,087

156,564

29,798

203,449

Charge for year

-

-

12,527

5,135

17,662

At 31st March 2025

-

17,087

169,091

34,933

221,111

NET BOOK VALUE

At 31st March 2025

37,723,404

10,160,155

69,934

15,406

47,968,899

At 31st March 2024

34,317,627

9,726,959

58,336

1,652

44,104,574

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

292,460

230,702

VAT

69,433

36,692

Prepayments and accrued income

82,661

188,690

444,554

456,084

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

278,620

522,297

Accruals and deferred income

129,264

187,696

407,884

709,993

8.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank equally with debts due to ordinary creditors on winding up.