Silverfin false false 29/03/2025 01/04/2024 29/03/2025 Lady C G Bamford 31/08/2020 Gray Property Investments Limited 31/08/2020 19 March 2026 The principal activity of the LLP during the financial period was that of running and managing The Fox at Oddington and The Bell at Charlbury, as well as the management of various holiday cottages in the Cotswolds and surrounding areas. OC433190 2025-03-29 OC433190 bus:Director1 2025-03-29 OC433190 bus:Director2 2025-03-29 OC433190 2024-03-31 OC433190 core:CurrentFinancialInstruments 2025-03-29 OC433190 core:CurrentFinancialInstruments 2024-03-31 OC433190 core:LandBuildings 2024-03-31 OC433190 core:LeaseholdImprovements 2024-03-31 OC433190 core:PlantMachinery 2024-03-31 OC433190 core:FurnitureFittings 2024-03-31 OC433190 core:ComputerEquipment 2024-03-31 OC433190 core:LandBuildings 2025-03-29 OC433190 core:LeaseholdImprovements 2025-03-29 OC433190 core:PlantMachinery 2025-03-29 OC433190 core:FurnitureFittings 2025-03-29 OC433190 core:ComputerEquipment 2025-03-29 OC433190 2024-04-01 2025-03-29 OC433190 bus:FilletedAccounts 2024-04-01 2025-03-29 OC433190 bus:SmallEntities 2024-04-01 2025-03-29 OC433190 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-29 OC433190 bus:LimitedLiabilityPartnershipLLP 2024-04-01 2025-03-29 OC433190 bus:Director1 2024-04-01 2025-03-29 OC433190 bus:Director2 2024-04-01 2025-03-29 OC433190 core:LandBuildings core:TopRangeValue 2024-04-01 2025-03-29 OC433190 core:LeaseholdImprovements core:TopRangeValue 2024-04-01 2025-03-29 OC433190 core:PlantMachinery core:TopRangeValue 2024-04-01 2025-03-29 OC433190 core:FurnitureFittings core:TopRangeValue 2024-04-01 2025-03-29 OC433190 core:ComputerEquipment core:TopRangeValue 2024-04-01 2025-03-29 OC433190 2023-04-01 2024-03-31 OC433190 core:LandBuildings 2024-04-01 2025-03-29 OC433190 core:LeaseholdImprovements 2024-04-01 2025-03-29 OC433190 core:PlantMachinery 2024-04-01 2025-03-29 OC433190 core:FurnitureFittings 2024-04-01 2025-03-29 OC433190 core:ComputerEquipment 2024-04-01 2025-03-29 OC433190 1 2024-04-01 2025-03-29 iso4217:GBP xbrli:pure

Company No: OC433190 (England and Wales)

# DAYLESFORD STAYS LLP

### Unaudited Financial Statements
For the financial period from 01 April 2024 to 29 March 2025
Pages for filing with the registrar

DAYLESFORD STAYS LLP

## Unaudited Financial Statements

For the financial period from 01 April 2024 to 29 March 2025

Contents

DAYLESFORD STAYS LLP

## LIMITED LIABILITY PARTNERSHIP INFORMATION

For the financial period from 01 April 2024 to 29 March 2025
DAYLESFORD STAYS LLP

## LIMITED LIABILITY PARTNERSHIP INFORMATION (continued)

For the financial period from 01 April 2024 to 29 March 2025

DESIGNATED MEMBERS | Lady C G Bamford
| Gray Property Investments Limited

REGISTERED OFFICE | The Hive
| Daylesford Farm
| Moreton-In-Marsh
| GL56 0YG
| United Kingdom

REGISTERED NUMBER | OC433190 (England and Wales)

ACCOUNTANT | S&W Partners LLP
| 4th Floor EQ Building
| 111 Victoria Street
| Redcliffe
| Bristol
| BS1 6AX

DAYLESFORD STAYS LLP

## BALANCE SHEET

As at 29 March 2025
DAYLESFORD STAYS LLP

## BALANCE SHEET (continued)

As at 29 March 2025

| Note | 29.03.2025 |  | 31.03.2024
|  | £ |  | £
|  |  |  | Restated - note 2
Fixed assets |  |  |  |
Tangible assets | 4 | 1,593,684 |  | 1,833,816
|  | 1,593,684 |  | 1,833,816
Current assets |  |  |  |
Stocks |  | 54,085 |  | 50,672
Debtors | 5 | 4,593,829 |  | 1,443,365
Cash at bank and in hand |  | 596,748 |  | 723,784
|  | 5,244,662 |  | 2,217,821
Creditors: amounts falling due within one year | 6 | ( 8,159,779) |  | ( 5,160,984)
Net current liabilities |  | (2,915,117) |  | (2,943,163)
Total assets less current liabilities |  | (1,321,433) |  | (1,109,347)
Net liabilities attributable to members |  | ( 1,321,433) |  | ( 1,109,347)
Represented by |  |  |  |
Loans and other debts due to members after more than one year |  |  |  |
Members' capital classified as a liability |  | 3,275,000 |  | 3,275,000
|  | 3,275,000 |  | 3,275,000
Members' other interests |  |  |  |
Other reserves |  | (4,596,433) |  | (4,384,347)
|  | (4,596,433) |  | (4,384,347)
|  | (1,321,433) |  | (1,109,347)
Total members' interests |  |  |  |
Loans and other debts due to members |  | 3,275,000 |  | 3,275,000
Members' other interests |  | (4,596,433) |  | (4,384,347)
|  | (1,321,433) |  | (1,109,347)

Daylesford Stays 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.

For the financial period ending 29 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 Daylesford Stays LLP (registered number: OC433190) were approved and authorised for issue by the Board of Directors on 19 March 2026. They were signed on its behalf by:

Lady C G Bamford Designated member |

DAYLESFORD STAYS LLP

## RECONCILIATION OF MEMBERS' INTERESTS

For the financial period from 01 April 2024 to 29 March 2025
DAYLESFORD STAYS LLP

## RECONCILIATION OF MEMBERS' INTERESTS (continued)

For the financial period from 01 April 2024 to 29 March 2025

| EQUITY Members' other interests | DEBT Loans and other debts due to members less any amounts due from members in debtors | Total members' interests
--- | --- | --- | ---
| Other reserves | Members' capital (classified as debt) | Total
| £ | £ | £
Amounts due to members |  | 3,275,000 |
Balance at 01 April 2023 | (579,804) | 3,275,000 | 2,695,196
Loss for the financial period/year available for discretionary division among members | (3,804,543) | 0 | (3,804,543)
Members' interest after loss for the financial period/year | (4,384,347) | 3,275,000 | (1,109,347)
Amounts due to members |  | 3,275,000 |
Balance at 31 March 2024 (restated - note 2) | (4,384,347) | 3,275,000 | (1,109,347)
Loss for the financial period/year available for discretionary division among members | (212,086) | 0 | (212,086)
Members' interest after loss for the financial period/year | (4,596,433) | 3,275,000 | (1,321,433)
Amounts due to members |  | 3,275,000 |
Balance at 29 March 2025 | (4,596,433) | 3,275,000 | (1,321,433)

There are no existing restrictions or limitations which impact the ability of the members of the LLP to reduce the amount of Members' other interests

DAYLESFORD STAYS LLP

## NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 01 April 2024 to 29 March 2025
DAYLESFORD STAYS LLP

## NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 01 April 2024 to 29 March 2025

##### 1. Accounting policies

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

##### General information and basis of accounting

Daylesford Stays 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 Hive, Daylesford Farm, Moreton-In-Marsh, GL56 0YG, 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 Daylesford Stays 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.

##### Going concern

The financial statements have been prepared on a going concern basis.
In making their going concern assessment, the members have given consideration to market conditions, future profit and loss forecasts and its reliance on a written letter of support provided from Lady Bamford to the LLP.
In this letter, Lady Bamford has confirmed she will continue to provide support to the LLP for the foreseeable future to enable it to continue in operational existence and to settle its liabilities as they fall due, being for a period of no less than 12 months from the date of the authorisation of the financial statements. For this reason, the designated members are confident the LLP can continue to operate as a going concern for this period and therefore the accounts have been prepared on the going concern basis. The accounts do not include any adjustments that would be required in the event of the withdrawal of this support.

##### Reporting period length

The Company has shortened its financial year by 1 day, with the year-end moving from 30 March 2025 to 29 March 2025 to align to the end of the last commercial working week of March 2025. The directors consider that this minor change does not materially affect the comparability of the financial information presented.

##### Change in accounting estimate

During the year management determined that the depreciation rate for Plant and Machinery would be more appropriate as straight line over 2.5 years, Land and Buildings over 5 years, Fixtures and Fittings over 5 years and Computer Equipment over 2 years. This has been updated retrospectively and the impact in the prior year is that the depreciation charge in the profit and loss and the balance sheet is £1,057,304 higher than previously stated.

##### 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 arising from the provision of services is recognised by reference to the stage of completion as follows:
Revenue arising from the provision of holiday rental services is recognised when the Company has satisfied its performance obligations by providing access to the rental property for the agreed rental period. When the stage of completion cannot be measured reliably revenue is recognised up to the extent of recoverable expenses and accordingly no profit is recognised.

##### Employee benefits

Defined contribution schemes
The LLP operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial period. Differences between contributions payable in the financial period and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

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

Land and buildings | 5 years straight line
Leasehold improvements | 10 years straight line
Plant and machinery | 2.5 years straight line
Fixtures and fittings | 5 years straight line
Computer equipment | 2 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.
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.
The freehold property is disclosed at the current market value as determined by the designated members. The revalued freehold property is depreciated over its estimated useful life of 50 years, however in the opinion of the designated members the residual value of the freehold property after 50 years is not materially different to the current value, and therefore no depreciation has been provided.
Please see the 'Change in Accounting Estimate' policy and note 2 for details about changes made to this policy in the year.

##### Leases

The LLP as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

##### Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

##### Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

##### Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

##### Trade and other creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

##### Financial instruments

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

#### 2. Prior period adjustment

During the current financial year, the Group undertook a review of the estimated useful economic lives applied to certain classes of property, plant and equipment. This review identified that the depreciation rates applied in prior periods were no longer appropriate, resulting in an understatement of accumulated depreciation and depreciation expense in those periods.

A restatement adjustment of £2,643,262 has been recorded in reserves. The revised depreciation rates more accurately reflect the expected useful lives of the relevant assets, and the corresponding adjustment has been recognised through reserves to correct prior‑period balances.
The change also resulted in a £2,643,262 reduction in prior‑year profit, reflecting the additional depreciation that would have been charged had the updated rates been applied previously.

|  | As previously reported |  | Adjustment |  | As restated
Period ended 31 March 2024 |  | £ |  | £ |  | £
Land and buildings |  | 971,204 |  | (162,723) |  | 808,481
Leasehold improvements |  | 1,488,860 |  | (1,468,676) |  | 20,184
Plant and machinery |  | 250,742 |  | 321,536 |  | 572,278
Fixtures and fittings |  | 1,578,285 |  | (1,211,553) |  | 366,732
Computer equipment |  | 187,987 |  | (121,846) |  | 66,141

The table above demonstrates the change in net book value.

#### 3. Employees

| Period from 01.04.2024 to 29.03.2025 |  | Year ended 31.03.2024
| Number |  | Number
Monthly average number of persons employed by the LLP during the period | 90 |  | 75

#### 4. Tangible assets

| Land and buildings |  | Leasehold improve- ments |  | Plant and machinery |  | Fixtures and fittings |  | Computer equipment |  | Total
| £ |  | £ |  | £ |  | £ |  | £ |  | £
Cost |  |  |  |  |  |  |  |  |  |  |
At 01 April 2024 | 971,204 |  | 20,324 |  | 1,057,256 |  | 961,417 |  | 350,675 |  | 3,360,876
Additions | 0 |  | 13,590 |  | 132,414 |  | 135,609 |  | 46,238 |  | 327,851
At 29 March 2025 | 971,204 |  | 33,914 |  | 1,189,670 |  | 1,097,026 |  | 396,913 |  | 3,688,727
Accumulated depreciation |  |  |  |  |  |  |  |  |  |  |
At 01 April 2024 | 162,723 |  | 140 |  | 484,978 |  | 594,685 |  | 284,534 |  | 1,527,060
Charge for the financial period | 54,240 |  | 2,585 |  | 335,008 |  | 104,065 |  | 72,085 |  | 567,983
At 29 March 2025 | 216,963 |  | 2,725 |  | 819,986 |  | 698,750 |  | 356,619 |  | 2,095,043
Net book value |  |  |  |  |  |  |  |  |  |  |
At 29 March 2025 | 754,241 |  | 31,189 |  | 369,684 |  | 398,276 |  | 40,294 |  | 1,593,684
At 31 March 2024 | 808,481 |  | 20,184 |  | 572,278 |  | 366,732 |  | 66,141 |  | 1,833,816

Brought forward balances have been restated in line with note 2 and depreciation rates have been changed as stated in note 1: change in accounting estimates and note 2: prior period adjustment.

#### 5. Debtors

| 29.03.2025 |  | 31.03.2024
| £ |  | £
Trade debtors | 11,444 |  | 70,625
Prepayments | 39,703 |  | 4,776
Other debtors | 4,542,682 |  | 1,367,964
| 4,593,829 |  | 1,443,365

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

| 29.03.2025 |  | 31.03.2024
| £ |  | £
Trade creditors | 4,763,233 |  | 572,055
Accruals and deferred income | 960,504 |  | 552,097
Other taxation and social security | 80,037 |  | 122,046
Other creditors | 2,356,005 |  | 3,914,786
| 8,159,779 |  | 5,160,984

Within trade creditors is £4,642,692 owed to related parties, these amounts are interest free and repayable on demand.

#### 7. Related party transactions

Other related party transactions

| 29.03.2025 |  | 31.03.2024
| £ |  | £
Group provision | 35,964 |  | 0
Thrip Enterprises LLP | 2,602,830 |  | 399,641
Windrush Taverns | 211,796 |  | 72,407
The Mill at Kingham | 1,408,355 |  | 723,001
Bamford Limited | 502 |  | (14,076)
JCB World Brands | (1,311,160) |  | (938,535)
JCB Excavators | (1,027,793) |  | (2,744,563)
Daylesford Organic Limited | (24,752) |  | (217,613)

The above amounts are interest free and repayable on demand.

#### 8. Ultimate controlling party

The ultimate controlling party is Lady C G Bamford.