Dorset Nectar LLP - Filleted accounts

Registered number

OC415106

Dorset Nectar LLP

Balance Sheet

31 March 2025

Dorset Nectar LLP
Registered number:		OC415106
Balance Sheet
as at 31 March 2025

Notes		2025		2024
£			£
Fixed assets
Tangible assets	3	607,385		605,080
Current assets
Stocks		65,000		80,000
Debtors	4	24,589		13,576
Cash at bank and in hand		11,314		16,753
		100,903		110,329

Creditors: amounts falling due within one year	5	(51,292)		(57,727)

Net current assets		49,611		52,602

Total assets less current liabilities		656,996		657,682

Creditors: amounts falling due after more than one year	6	(403,011)		(444,732)


Net assets attributable to members		253,985		212,950

Represented by:

Members' other interests
Members' capital classified as equity		253,985		212,950

		253,985		212,950

Total members' interests
Members' other interests		253,985		212,950

		253,985		212,950

For the year ended 31 March 2025 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied to LLPs).
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The profit and loss account has not been delivered to the Registrar of Companies.
These accounts were approved by the members on 29 December 2025 and signed on their behalf by:


Mr O N Strong
Designated member

Dorset Nectar LLP
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships.
	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
	Division of profits
	Profits are treated as being available for discretionary division only if the LLP has an unconditional right to refuse payment of the profits of a particular year unless and until the members agree to divide them. Profits are otherwise automatically divided and included under Members’ remuneration charged as an expense in the profit and loss account.
	Taxation
	Taxation is not provided for in the accounts as taxation is the personal liability of the members. Any amounts held by the LLP on behalf of members in respect of their tax liabilities are treated as debts due to members.
	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
	Freehold buildings	over 50 years
	Plant and machinery	at varying rates from 5 to 15% reducing balance
	Motor vehicles	10 or 25% reducing balance
	Fixtures, fittings, tools and equipment			over 5 years

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
	Members' capital
	Members' capital is classified as debt and not equity if there is a contractual obligation for the LLP to repay the capital to members, even if that obligation is conditional.
	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the LLP's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

2	Employees					2025		2024
Number							Number

	Average number of persons employed by the LLP					-		-


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 April 2024	266,328		429,535		72,245		768,108
	Additions	27,294		3,025		-		30,319
	At 31 March 2025	293,622		432,560		72,245		798,427

	Depreciation
	At 1 April 2024	20,970		109,017		33,041		163,028
	Charge for the year	5,367		18,068		4,579		28,014
	At 31 March 2025	26,337		127,085		37,620		191,042

	Net book value
	At 31 March 2025	267,285		305,475		34,625		607,385
	At 31 March 2024	245,358		320,518		39,204		605,080


4	Debtors					2025		2024
£							£

	Trade debtors					24,589		13,576


5	Creditors: amounts falling due within one year					2025		2024
£							£

	Bank loans and overdrafts					597		1,301
	Obligations under finance lease and hire purchase contracts					40,780		45,580
	Other taxes and social security costs					1,508		2,451
	Other creditors					8,407		8,395
						51,292		57,727


6	Creditors: amounts falling due after one year					2025		2024
£							£

	Bank loans					370,098		396,090
	Other creditors					32,913		48,642
						403,011		444,732


7	Other information

	Dorset Nectar LLP is a limited liability partnership incorporated in England. Its registered office is:
	Strong Orchard
	Pineapple Lane
	Waytown
	Bridport
	DT6 5HZ