Silverfin false false 31/03/2025 12/10/2024 31/03/2025 Mrs J C Lascelles 03/07/2024 H G Lascelles 03/07/2024 17 March 2026 The principal activity of the LLP during the financial period was the sale of arable crops and the breeding, management, and trading of bloodstock. OC452922 2025-03-31 OC452922 bus:Director1 2025-03-31 OC452922 bus:Director2 2025-03-31 OC452922 core:CurrentFinancialInstruments 2025-03-31 OC452922 core:LandBuildings 2024-10-11 OC452922 core:PlantMachinery 2024-10-11 OC452922 core:Vehicles 2024-10-11 OC452922 core:ToolsEquipment 2024-10-11 OC452922 core:OtherPropertyPlantEquipment 2024-10-11 OC452922 2024-10-11 OC452922 core:LandBuildings 2025-03-31 OC452922 core:PlantMachinery 2025-03-31 OC452922 core:Vehicles 2025-03-31 OC452922 core:ToolsEquipment 2025-03-31 OC452922 core:OtherPropertyPlantEquipment 2025-03-31 OC452922 2024-10-12 2025-03-31 OC452922 bus:FilletedAccounts 2024-10-12 2025-03-31 OC452922 bus:SmallEntities 2024-10-12 2025-03-31 OC452922 bus:AuditExemptWithAccountantsReport 2024-10-12 2025-03-31 OC452922 bus:LimitedLiabilityPartnershipLLP 2024-10-12 2025-03-31 OC452922 bus:Director1 2024-10-12 2025-03-31 OC452922 bus:Director2 2024-10-12 2025-03-31 OC452922 core:LandBuildings core:TopRangeValue 2024-10-12 2025-03-31 OC452922 core:PlantMachinery 2024-10-12 2025-03-31 OC452922 core:Vehicles 2024-10-12 2025-03-31 OC452922 core:ToolsEquipment 2024-10-12 2025-03-31 OC452922 core:OtherPropertyPlantEquipment 2024-10-12 2025-03-31 OC452922 core:LandBuildings 2024-10-12 2025-03-31 iso4217:GBP xbrli:pure

Company No: OC452922 (England and Wales)

# LOFTS HALL FARM AND STUD LLP

### Unaudited Financial Statements
For the financial period from 12 October 2024 to 31 March 2025
Pages for filing with the registrar

LOFTS HALL FARM AND STUD LLP

## Unaudited Financial Statements

For the financial period from 12 October 2024 to 31 March 2025

Contents

LOFTS HALL FARM AND STUD LLP

## BALANCE SHEET

As at 31 March 2025
LOFTS HALL FARM AND STUD LLP

## BALANCE SHEET (continued)

As at 31 March 2025

| Note | 31.03.2025
|  | £
Fixed assets |  |
Tangible assets | 3 | 18,758,396
|  | 18,758,396
Current assets |  |
Stocks |  | 1,798,567
Debtors | 4 | 318,673
Cash at bank and in hand |  | 694,257
|  | 2,811,497
Creditors: amounts falling due within one year | 5 | ( 472,169)
Net current assets |  | 2,339,328
Total assets less current liabilities |  | 21,097,724
Net assets attributable to members |  | 21,097,724
Represented by |  |
Loans and other debts due to members within one year |  |
Other amounts |  | 177,942
|  | 177,942
Members' other interests |  |
Members' capital classified as equity |  | 20,919,782
|  | 20,919,782
|  | 21,097,724
Total members' interests |  |
Loans and other debts due to members |  | 177,942
Members' other interests |  | 20,919,782
|  | 21,097,724

For the financial period 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 Lofts Hall Farm and Stud LLP (registered number: OC452922) were approved and authorised for issue by the Board of Directors on 17 March 2026. They were signed on its behalf by:

Mrs J C Lascelles Designated member |  | H G Lascelles Designated member

LOFTS HALL FARM AND STUD LLP

## NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 12 October 2024 to 31 March 2025
LOFTS HALL FARM AND STUD LLP

## NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 12 October 2024 to 31 March 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.

##### General information and basis of accounting

Lofts Hall Farm and Stud 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 Lofts Hall, Elmdon, Saffron Walden, CB11 4UN, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The functional currency of Lofts Hall Farm and Stud LLP is considered to be pounds sterling because that is the currency of the primary economic environment in which the LLP operates.
These financial statements are separate financial statements.

##### Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.
Exchange differences are recognised in the Profit and Loss Account in the period in which they arise on monetary items.

##### Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.
Revenue represents the amounts receivable from the sale of bloodstock and arable crops, together with income from the keep of outside horses, recharged expenses and Basic Payment entitlements.

##### Tangible fixed assets

Tangible fixed assets are stated at cost, net of depreciation and any provision for impairment. 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 on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings | not depreciated
| 25 years straight line
Plant and machinery | 20 % reducing balance
Vehicles | 20 % reducing balance
Tools and equipment | 15 % reducing balance
Other property, plant and equipment | 20 % reducing balance

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.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

##### Stocks

Stock comprises bloodstock (mares, foals and breeding rights) held for the purposes of breeding and racing. Such assets are stated at the lower of cost and net realisable value (selling price less cost to sell). Where a write down is identified, the value of is reduced and the reduction is immediately charged in the profit and loss.
A transfer is made between breeding and racing when the purpose of holding the bloodstock changes. The transfer value is based on the net realisable value of the bloodstock as at the date of transfer.

##### 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.

#### 2. Employees

| Period from 12.10.2024 to 31.03.2025
| Number
Monthly average number of persons employed by the LLP during the period, including the members | 9

#### 3. Tangible assets

| Land and buildings |  | Plant and machinery |  | Vehicles |  | Tools and equipment |  | Other property, plant and equipment |  | Total
| £ |  | £ |  | £ |  | £ |  | £ |  | £
Cost |  |  |  |  |  |  |  |  |  |  |
At 12 October 2024 | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0
Additions | 18,696,480 |  | 26,263 |  | 461 |  | 40,815 |  | 122 |  | 18,764,141
At 31 March 2025 | 18,696,480 |  | 26,263 |  | 461 |  | 40,815 |  | 122 |  | 18,764,141
Accumulated depreciation |  |  |  |  |  |  |  |  |  |  |
At 12 October 2024 | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0
Charge for the financial period | 0 |  | 2,626 |  | 46 |  | 3,061 |  | 12 |  | 5,745
At 31 March 2025 | 0 |  | 2,626 |  | 46 |  | 3,061 |  | 12 |  | 5,745
Net book value |  |  |  |  |  |  |  |  |  |  |
At 31 March 2025 | 18,696,480 |  | 23,637 |  | 415 |  | 37,754 |  | 110 |  | 18,758,396

#### 4. Debtors

| 31.03.2025
| £
Trade debtors | 115,286
Prepayments | 59,605
VAT recoverable | 36,472
Other debtors | 107,310
| 318,673

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

| 31.03.2025
| £
Bank overdrafts | 178,211
Trade creditors | 275,250
Other taxation and social security | 3,945
Other creditors | 14,763
| 472,169