Silverfin false false 31/03/2025 01/04/2024 31/03/2025 Mr P J Gaffney 26/07/2016 Mr R C H Gaffney 26/07/2016 29 January 2026 The principal activity of the LLP during the financial year was that of the provision of residential care. OC412961 2025-03-31 OC412961 bus:Director1 2025-03-31 OC412961 bus:Director2 2025-03-31 OC412961 2024-03-31 OC412961 core:CurrentFinancialInstruments 2025-03-31 OC412961 core:CurrentFinancialInstruments 2024-03-31 OC412961 core:Non-currentFinancialInstruments 2025-03-31 OC412961 core:Non-currentFinancialInstruments 2024-03-31 OC412961 core:LandBuildings 2024-03-31 OC412961 core:Vehicles 2024-03-31 OC412961 core:FurnitureFittings 2024-03-31 OC412961 core:OfficeEquipment 2024-03-31 OC412961 core:LandBuildings 2025-03-31 OC412961 core:Vehicles 2025-03-31 OC412961 core:FurnitureFittings 2025-03-31 OC412961 core:OfficeEquipment 2025-03-31 OC412961 2024-04-01 2025-03-31 OC412961 bus:FilletedAccounts 2024-04-01 2025-03-31 OC412961 bus:SmallEntities 2024-04-01 2025-03-31 OC412961 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 OC412961 bus:LimitedLiabilityPartnershipLLP 2024-04-01 2025-03-31 OC412961 bus:Director1 2024-04-01 2025-03-31 OC412961 bus:Director2 2024-04-01 2025-03-31 OC412961 core:Vehicles 2024-04-01 2025-03-31 OC412961 core:FurnitureFittings 2024-04-01 2025-03-31 OC412961 core:OfficeEquipment core:TopRangeValue 2024-04-01 2025-03-31 OC412961 2023-08-01 2024-03-31 OC412961 core:LandBuildings 2024-04-01 2025-03-31 OC412961 core:OfficeEquipment 2024-04-01 2025-03-31 OC412961 core:CurrentFinancialInstruments 2024-04-01 2025-03-31 OC412961 core:Non-currentFinancialInstruments 2024-04-01 2025-03-31 iso4217:GBP xbrli:pure

Company No: OC412961 (England and Wales)

# YELVERTON CARE LLP

### Unaudited Financial Statements
For the financial year ended 31 March 2025
Pages for filing with the registrar

YELVERTON CARE LLP

## Unaudited Financial Statements

For the financial year ended 31 March 2025

Contents

YELVERTON CARE LLP

## BALANCE SHEET

As at 31 March 2025
YELVERTON CARE LLP

## BALANCE SHEET (continued)

As at 31 March 2025

| Note | 31.03.2025 |  | 31.03.2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 1,712,073 |  | 1,683,336
|  | 1,712,073 |  | 1,683,336
Current assets |  |  |  |
Stocks |  | 3,200 |  | 2,000
Debtors | 4 | 20,665 |  | 32,255
Cash at bank and in hand |  | 83,951 |  | 132,968
|  | 107,816 |  | 167,223
Creditors: amounts falling due within one year | 5 | ( 65,623) |  | ( 100,743)
Net current assets |  | 42,193 |  | 66,480
Total assets less current liabilities |  | 1,754,266 |  | 1,749,816
Creditors: amounts falling due after more than one year | 6 | ( 142,524) |  | ( 165,780)
Net assets attributable to members |  | 1,611,742 |  | 1,584,036
Represented by |  |  |  |
Loans and other debts due to members within one year |  |  |  |
Other amounts |  | 253,649 |  | 225,943
|  | 253,649 |  | 225,943
Members' other interests |  |  |  |
Members' capital classified as equity |  | 1,358,093 |  | 1,358,093
|  | 1,358,093 |  | 1,358,093
|  | 1,611,742 |  | 1,584,036
Total members' interests |  |  |  |
Loans and other debts due to members |  | 253,649 |  | 225,943
Members' other interests |  | 1,358,093 |  | 1,358,093
|  | 1,611,742 |  | 1,584,036

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 Yelverton Care LLP (registered number: OC412961) were approved and authorised for issue by the Board of Directors on 29 January 2026. They were signed on its behalf by:

Mr P J Gaffney Designated member |

YELVERTON CARE LLP

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
YELVERTON CARE LLP

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025

##### 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 period, unless otherwise stated.

##### General information and basis of accounting

Yelverton Care 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 The Yelverton Residential Home 2-4, Greenbank Terrace, Yelverton, PL20 6DR, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Limited Liability Partnerships Act 2000 as applicable to companies subject to the small companies regime and the requirements of the Statement of Recommended Practice Accounting by Limited Liability Partnerships issued in December 2021 (SORP 2022).
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Turnover

Revenue from services for the provision of care is recognised as an when those services are delivered. Revenue is measured at the fair value of the consideration received, excluding discounts and rebates. Revenue is stated net of VAT.

##### Employee benefits

Defined contribution schemes
The partnership operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

##### Members' remuneration and division of profits

The SORP recognises that the basis of calculating profits for allocation may differ from the profits reflected through the financial statements prepared in compliance with recommended practice, given the established need to seek to focus profit allocation on ensuring equity between different generations and populations of members.
Members' fixed shares of profits (excluding discretionary fixed share bonuses) and interest earned on members' balances are automatically allocated and, are treated as members' remuneration charged as an expense to the profit and loss account in arriving at profit available for discretionary division among members.
The remainder of profit shares, which have not been allocated until after the balance sheet date, are treated in these financial statements as unallocated at the balance sheet date and included within other reserves.

##### 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, reducing balance] basis over its expected useful life, as follows:

Land and buildings | not depreciated
Vehicles | 20 % reducing balance
Fixtures and fittings | 20 % reducing balance
Office equipment | 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

##### Stocks

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company 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 Company 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 Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.
Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

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 that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.
Other basic financial liabilities are measured at amortised cost.

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

#### 2. Employees

| Year ended 31.03.2025 |  | Period from 01.08.2023 to 31.03.2024
| Number |  | Number
Monthly average number of persons employed by the LLP during the year | 73 |  | 80

#### 3. Tangible assets

| Land and buildings |  | Vehicles |  | Fixtures and fittings |  | Office equipment |  | Total
| £ |  | £ |  | £ |  | £ |  | £
Cost |  |  |  |  |  |  |  |  |
At 01 April 2024 | 1,494,929 |  | 0 |  | 396,304 |  | 42,512 |  | 1,933,745
Additions | 28,922 |  | 18,539 |  | 21,688 |  | 4,440 |  | 73,589
At 31 March 2025 | 1,523,851 |  | 18,539 |  | 417,992 |  | 46,952 |  | 2,007,334
Accumulated depreciation |  |  |  |  |  |  |  |  |
At 01 April 2024 | 0 |  | 0 |  | 222,022 |  | 28,387 |  | 250,409
Charge for the financial year | 0 |  | 0 |  | 37,086 |  | 7,766 |  | 44,852
At 31 March 2025 | 0 |  | 0 |  | 259,108 |  | 36,153 |  | 295,261
Net book value |  |  |  |  |  |  |  |  |
At 31 March 2025 | 1,523,851 |  | 18,539 |  | 158,884 |  | 10,799 |  | 1,712,073
At 31 March 2024 | 1,494,929 |  | 0 |  | 174,282 |  | 14,125 |  | 1,683,336

#### 4. Debtors

| 31.03.2025 |  | 31.03.2024
| £ |  | £
Trade debtors | 12,472 |  | 18,062
Other debtors | 8,193 |  | 14,193
| 20,665 |  | 32,255

#### 5. Creditors: amounts falling due within one year

| 31.03.2025 |  | 31.03.2024
| £ |  | £
Bank loans | 25,084 |  | 27,091
Trade creditors | 12,434 |  | 26,220
Other taxation and social security | 0 |  | 21,038
Other creditors | 28,105 |  | 26,394
| 65,623 |  | 100,743

Security on bank loans has been provided against the assets to which they relate.
Capital loans and other debts due to members rank behind creditors, in accordance with the members' agreement.
There are no restrictions on the members' ability to reduce the amount of members' other interests.

#### 6. Creditors: amounts falling due after more than one year

| 31.03.2025 |  | 31.03.2024
| £ |  | £
Bank loans | 142,524 |  | 165,780

The bank loans are secured on the properties owned by the LLP to which they relate.