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REGISTERED NUMBER: OC439351 (England and Wales)

Unaudited Financial Statements for the Year Ended 31st March 2025

for

Lagafater Enterprises LLP

| Lagafater Enterprises LLP (Registered number: OC439351) |

Contents of the Financial Statements

for the Year Ended 31st March 2025

Page |

| General Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 3 |

| Lagafater Enterprises LLP |

General Information

for the Year Ended 31st March 2025

| DESIGNATED MEMBERS: | Dr N A A Spicer

| J Spicer

| A N K Spicer

| REGISTERED OFFICE: | Tower House

| Bache

| Craven Arms

| Shropshire

| SY7 9LN

| REGISTERED NUMBER: | OC439351 (England and Wales)

| ACCOUNTANTS: | Farries Kirk & McVean

| Dumfries Enterprise Park

| Heathhall

| Dumfries

| DUMFRIESSHIRE

| DG1 3SJ

| Lagafater Enterprises LLP (Registered number: OC439351) |

Balance Sheet

31st March 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 397,680 |  | 274,360 |  |

CURRENT ASSETS

Debtors | 5 | 106,861 |  | 31,697 |  |

Cash at bank | 32,480 |  | 10,807 |  |

139,341 |  | 42,504 |  |

CREDITORS

Amounts falling due within one year | 6 | 309,434 |  | 126,551 |  |

NET CURRENT LIABILITIES | (170,093 | ) | (84,047 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS | 227,587 |  | 190,313 |  |

LOANS AND OTHER DEBTS DUE TO MEMBERS | 7 | 227,587 |  | 190,313 |  |

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members | 7 | 227,587 |  | 190,313 |  |

Amounts due from members | 5 | (68,854 | ) | (4,404 | ) |

158,733 |  | 185,909 |  |

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 17th December 2025 and were signed by:

Dr N A A Spicer - Designated member

| Lagafater Enterprises LLP (Registered number: OC439351) |

Notes to the Financial Statements

for the Year Ended 31st March 2025

1. | STATUTORY INFORMATION

| Lagafater Enterprises 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.

| 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 etc | - | 15% on reducing balance and 10% on reducing balance

| Financial instruments

| Cash and cash equivalents

| Cash and cash equivalents comprise cash on hand and call deposits, and other short term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

| Trade debtors

| Trade debtors are amounts due from customers for the sale of goods and services performed in the ordinary course of business.

| Trade debtors are recognised initially at the transaction price and represent the full value of the goods and services charged to customers, including any amounts charged on for third parties.

| Trade creditors

| Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

| Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date they are presented as non current liabilities.

| Borrowings

| Interest bearing borrowings are initially recorded at fair value, net of transaction costs. Interest bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transactions costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

| Provisions and contingencies

| Provisions are recognised when the company has a present legal or constructive obligation as a result of past events; it is probable that an outflow of resources will be required to settle the obligation; and the amount of the obligation can be estimated reliably.

3. | EMPLOYEE INFORMATION

| The average number of employees during the year was 2 (2024 - 2 ) .

| Lagafater Enterprises LLP (Registered number: OC439351) |

Notes to the Financial Statements - continued

for the Year Ended 31st March 2025

4. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

| etc

£ |

| COST

| At 1st April 2024 | 311,423 |  |

| Additions | 130,468 |  |

| At 31st March 2025 | 441,891 |  |

| DEPRECIATION

| At 1st April 2024 | 37,063 |  |

| Charge for year | 7,148 |  |

| At 31st March 2025 | 44,211 |  |

| NET BOOK VALUE

| At 31st March 2025 | 397,680 |  |

| At 31st March 2024 | 274,360 |  |

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Other debtors | 106,861 |  | 31,697 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts | 246,702 |  | 89,231 |  |

| Trade creditors | 62,432 |  | 37,320 |  |

| Other creditors | 300 |  | - |  |

309,434 |  | 126,551 |  |

7. | LOANS AND OTHER DEBTS DUE TO MEMBERS |

| Trade and other creditors rank over loans and other debts due to members.