Caseware UK (AP4) 2024.0.164 2024.0.164 2025-04-05 2025-04-05 3 2024-04-06 The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 3 No description of principal activity true true false OC449693 2024-04-06 2025-04-05 OC449693 2023-10-27 2024-04-05 OC449693 2025-04-05 OC449693 2024-04-05 OC449693 c:Buildings 2024-04-06 2025-04-05 OC449693 c:Buildings 2025-04-05 OC449693 c:Buildings 2024-04-05 OC449693 c:Buildings c:OwnedOrFreeholdAssets 2024-04-06 2025-04-05 OC449693 c:Buildings c:LongLeaseholdAssets 2024-04-06 2025-04-05 OC449693 c:Buildings c:LongLeaseholdAssets 2025-04-05 OC449693 c:Buildings c:LongLeaseholdAssets 2024-04-05 OC449693 c:PlantMachinery 2024-04-06 2025-04-05 OC449693 c:PlantMachinery 2025-04-05 OC449693 c:PlantMachinery 2024-04-05 OC449693 c:PlantMachinery c:OwnedOrFreeholdAssets 2024-04-06 2025-04-05 OC449693 c:MotorVehicles 2024-04-06 2025-04-05 OC449693 c:MotorVehicles 2025-04-05 OC449693 c:MotorVehicles 2024-04-05 OC449693 c:MotorVehicles c:OwnedOrFreeholdAssets 2024-04-06 2025-04-05 OC449693 c:OtherPropertyPlantEquipment 2024-04-06 2025-04-05 OC449693 c:OtherPropertyPlantEquipment 2025-04-05 OC449693 c:OtherPropertyPlantEquipment 2024-04-05 OC449693 c:OtherPropertyPlantEquipment c:OwnedOrFreeholdAssets 2024-04-06 2025-04-05 OC449693 c:OwnedOrFreeholdAssets 2024-04-06 2025-04-05 OC449693 c:CurrentFinancialInstruments 2025-04-05 OC449693 c:CurrentFinancialInstruments 2024-04-05 OC449693 c:Non-currentFinancialInstruments 2025-04-05 OC449693 c:Non-currentFinancialInstruments 2024-04-05 OC449693 c:CurrentFinancialInstruments c:WithinOneYear 2025-04-05 OC449693 c:CurrentFinancialInstruments c:WithinOneYear 2024-04-05 OC449693 c:Non-currentFinancialInstruments c:AfterOneYear 2025-04-05 OC449693 c:Non-currentFinancialInstruments c:AfterOneYear 2024-04-05 OC449693 c:Non-currentFinancialInstruments c:MoreThanFiveYears 2025-04-05 OC449693 c:Non-currentFinancialInstruments c:MoreThanFiveYears 2024-04-05 OC449693 d:FRS102 2024-04-06 2025-04-05 OC449693 d:AuditExempt-NoAccountantsReport 2024-04-06 2025-04-05 OC449693 d:FullAccounts 2024-04-06 2025-04-05 OC449693 d:LimitedLiabilityPartnershipLLP 2024-04-06 2025-04-05 OC449693 c:HirePurchaseContracts c:WithinOneYear 2025-04-05 OC449693 c:HirePurchaseContracts c:WithinOneYear 2024-04-05 OC449693 c:HirePurchaseContracts c:BetweenOneFiveYears 2025-04-05 OC449693 c:HirePurchaseContracts c:BetweenOneFiveYears 2024-04-05 OC449693 d:PartnerLLP1 2024-04-06 2025-04-05 OC449693 c:OtherCapitalInstrumentsClassifiedAsEquity 2025-04-05 OC449693 c:OtherCapitalInstrumentsClassifiedAsEquity 2024-04-05 OC449693 c:FurtherSpecificReserve3ComponentTotalEquity 2025-04-05 OC449693 c:FurtherSpecificReserve3ComponentTotalEquity 2024-04-05 OC449693 e:PoundSterling 2024-04-06 2025-04-05 iso4217:GBP xbrli:pure

Registered number: OC449693 LOWER STANWAY FARM LLP UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD ENDED 5 APRIL 2025
LOWER STANWAY FARM LLP REGISTERED NUMBER: OC449693 BALANCE SHEET AS AT 5 APRIL 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
FIXED ASSETS |  |  |  |  |
Tangible assets | 4 |  | 4,409,014 |  | 4,363,165
|  |  | 4,409,014 |  | 4,363,165
CURRENT ASSETS |  |  |  |  |
Stocks | 5 | 536,065 |  | 427,669 |
Debtors: amounts falling due within one year | 6 | 248,535 |  | 156,109 |
|  | 784,600 |  | 583,778 |
Creditors: Amounts Falling Due Within One Year | 7 | (592,215) |  | (902,996) |
NET CURRENT ASSETS/(LIABILITIES) |  |  | 192,385 |  | (319,218)
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 4,601,399 |  | 4,043,947
Creditors: amounts falling due after more than one year | 8 |  | (1,221,883) |  | (1,237,000)
|  |  | 3,379,516 |  | 2,806,947
NET ASSETS |  |  | 3,379,516 |  | 2,806,947
Page 1
LOWER STANWAY FARM LLP REGISTERED NUMBER: OC449693 BALANCE SHEET (CONTINUED) AS AT 5 APRIL 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
REPRESENTED BY: |  |  |  |  |
LOANS AND OTHER DEBTS DUE TO MEMBERS WITHIN ONE YEAR |  |  |  |  |
Other amounts | 11 |  | (683,547) |  | (1,256,116)
|  |  | (683,547) |  | (1,256,116)
MEMBERS' OTHER INTERESTS |  |  |  |  |
Members' capital classified as equity |  | 4,063,063 |  | 4,063,063 |
|  |  | 4,063,063 |  | 4,063,063
|  |  | 3,379,516 |  | 2,806,947
TOTAL MEMBERS' INTERESTS |  |  |  |  |
Loans and other debts due to members | 11 |  | (683,547) |  | (1,256,116)
Members' other interests |  |  | 4,063,063 |  | 4,063,063
|  |  | 3,379,516 |  | 2,806,947
Page 2
LOWER STANWAY FARM LLP REGISTERED NUMBER: OC449693 BALANCE SHEET (CONTINUED) AS AT 5 APRIL 2025 The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small LLPs regime. The entity 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. 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. The financial statements have been delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The entity has opted not to file the profit and loss account in accordance with the provisions applicable to entities subject to the small LLPs regime. The financial statements were approved and authorised for issue by the members and were signed on their behalf by:
Mr J G Y Radcliffe
Designated member
Date: 18 December 2025
The notes on pages 4 to 11 form part of these financial statements. Lower Stanway Farm LLP has no equity and, in accordance with the provisions contained within the Statement of Recommended Practice "Accounting by Limited Liability Partnerships", has not presented a Statement of changes in equity. Page 3
LOWER STANWAY FARM LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 5 APRIL 2025
1. | GENERAL INFORMATION
Lower Stanway Farm LLP (number OC449693), is a limited liability partnership, incorporated in England and Wales, with its registered office at Lower Stanway Farm Shipton, Much Wenlock, Shrewsbury, Shropshire, TF13 6LD and principal place of business at Lower Stanway Farm, Much Wenlock, Shrewsbury, Shropshire, TF13 6LD. 2.ACCOUNTING POLICIES
| 2.1 | BASIS OF PREPARATION OF FINANCIAL STATEMENTS
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the requirements and the Companies Act 2006 and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liabilities Partnerships'. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
| 2.2 | GOING CONCERN
After making enquiries, the Members of the LLP have reasonable expectations the LLP has adequate reserves to continue to trade for the foreseeable future. Therefore, the LLP continues to adopt the going concern basis in preparing the Accounts. Page 4
LOWER STANWAY FARM LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 5 APRIL 2025 2.ACCOUNTING POLICIES (CONTINUED)
| 2.3 | REVENUE
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the LLP and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised: Sale of goods Revenue from the sale of goods is recognised when all of the following conditions are satisfied: ∙the LLP has transferred the significant risks and rewards of ownership to the buyer; ∙the LLP retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; ∙the amount of revenue can be measured reliably; ∙it is probable that the LLP will receive the consideration due under the transaction; and ∙the costs incurred or to be incurred in respect of the transaction can be measured reliably. Rendering of services Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied: ∙the amount of revenue can be measured reliably; ∙it is probable that the LLP will receive the consideration due under the contract; ∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and ∙the costs incurred and the costs to complete the contract can be measured reliably.
| 2.4 | FINANCE COSTS
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
| 2.5 | BORROWING COSTS
All borrowing costs are recognised in profit or loss in the Period in which they are incurred. Page 5
LOWER STANWAY FARM LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 5 APRIL 2025 2.ACCOUNTING POLICIES (CONTINUED)
| 2.6 | PENSIONS
Defined contribution pension plan The LLP operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the LLP pays fixed contributions into a separate entity. Once the contributions have been paid the LLP has no further payment obligations. The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the LLP in independently administered funds.
| 2.7 | DIVISION AND DISTRIBUTION OF PROFITS
A division of profits is the mechanism by which the profits of an LLP become a debt due to members. A division may be automatic or discretionary, may relate to some or all of the profits for a financial period and may take place during or after the end of a financial period. An automatic division of profits is one where the LLP does not have an unconditional right to avoid making a division of an amount of profits based on the members' agreement in force at the time, whereas a discretionary division of profits requires a decision to be made by the LLP, which it has the unconditional right to avoid making. The LLP divides profits discretionarily. Discretionary divisions of profits are recognised as amounts due to members, although may be used to offset amounts which have been drawn by members, which are recognised as loan assets repayable. In the event of the LLP making losses, the loss is recognised as a credit amount of 'Members' remuneration charged as an expense where it is automatically divided or as a debit within equity under 'Other reserves' if not divided automatically.
| 2.8 | INTANGIBLE ASSETS
Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.
| 2.9 | TANGIBLE FIXED ASSETS
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Page 6
LOWER STANWAY FARM LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 5 APRIL 2025 2.ACCOUNTING POLICIES (CONTINUED)
| 2.9 | TANGIBLE FIXED ASSETS (continued)
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis. Depreciation is provided on the following basis:
|  |  |  | Freehold property | - |  | not depreciated
|  |  |  | Property improvements | - |  | not depreciated
|  |  |  | Implements | - | 25% | reducing balance
|  |  |  | Motor vehicles | - | 25% | reducing balance
|  |  |  | Tractors | - | 25% | reducing balance
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
| 2.10 | STOCKS
Farming stocks are valued in accordance with the HM Revenue & Customs help sheet HS232.
| 2.11 | DEBTORS
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
| 2.12 | CREDITORS
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method. Page 7
LOWER STANWAY FARM LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 5 APRIL 2025
3. | EMPLOYEES
| The average monthly number of employees, including directors, during the Period was 3 (2024 - 3).
4. | TANGIBLE FIXED ASSETS
|  | Freehold property | Property improvem't | Plant and machinery | Motor vehicles | Tractors
|  | £ | £ | £ | £ | £
| Cost or valuation |  |  |  |  |
| At 6 April 2024 | 4,063,063 | 120,132 | 93,405 | 45,686 | 100,878
| Additions | - | 56,789 | 26,592 | - | 20,200
| Disposals | - | - | (350) | - | (1,477)
| At 5 April 2025 | 4,063,063 | 176,921 | 119,647 | 45,686 | 119,601
| Depreciation |  |  |  |  |
| At 6 April 2024 | - | - | 23,357 | 11,421 | 25,221
| Charge for the Period on owned assets | - | - | 23,830 | 8,567 | 23,965
| Disposals | - | - | (88) | - | (369)
| At 5 April 2025 | - | - | 47,099 | 19,988 | 48,817
| Net book value |  |  |  |  |
| At 5 April 2025 | 4,063,063 | 176,921 | 72,548 | 25,698 | 70,784
| At 5 April 2024 | 4,063,063 | 120,132 | 70,048 | 34,265 | 75,657
Page 8
LOWER STANWAY FARM LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 5 APRIL 2025 4.TANGIBLE FIXED ASSETS (CONTINUED)
|  | Total
|  | £
| Cost or valuation |
| At 6 April 2024 | 4,423,164
| Additions | 103,581
| Disposals | (1,827)
| At 5 April 2025 | 4,524,918
| Depreciation |
| At 6 April 2024 | 59,999
| Charge for the Period on owned assets | 56,362
| Disposals | (457)
| At 5 April 2025 | 115,904
| Net book value |
| At 5 April 2025 | 4,409,014
| At 5 April 2024 | 4,363,165
5. | STOCKS
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Farming stock | 536,065 | 427,669
|  | 536,065 | 427,669
Page 9
LOWER STANWAY FARM LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 5 APRIL 2025
6. | DEBTORS
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | 5,001 | 1,931
| Other debtors | 20,160 | 18,682
| Prepayments and accrued income | 223,374 | 135,496
|  | 248,535 | 156,109
7. | CREDITORS: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank overdrafts | 513,745 | 808,685
| Trade creditors | 47,036 | 55,696
| Obligations under finance lease and hire purchase contracts | 21,884 | 29,700
| Accruals and deferred income | 9,550 | 8,915
|  | 592,215 | 902,996
8. | CREDITORS: Amounts falling due after more than one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loans | 1,200,000 | 1,200,000
| Net obligations under finance leases and hire purchase contracts | 21,883 | 37,000
|  | 1,221,883 | 1,237,000
9. | LOANS
| Analysis of the maturity of loans is given below:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Amounts falling due after more than 5 years |  |
| Bank loans | 1,200,000 | 1,200,000
|  | 1,200,000 | 1,200,000
Page 10
LOWER STANWAY FARM LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 5 APRIL 2025
10. | HIRE PURCHASE AND FINANCE LEASES
| Minimum lease payments under hire purchase fall due as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Within one year | 21,884 | 29,700
| Between 1-5 years | 21,883 | 37,000
|  | 43,767 | 66,700
11. | LOANS AND OTHER DEBTS DUE TO MEMBERS
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Other amounts due to members | (683,547) | (1,256,116)
|  | (683,547) | (1,256,116)
Loans and other debts due to members may be further analysed as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Falling due within one year | (683,547) | (1,256,116)
|  | (683,547) | (1,256,116)
Loans and other debts due to members rank equally with debts due to ordinary creditors in the event of a winding up.
Page 11