REGISTERED NUMBER: OC355384 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 July 2025

for

Busfeild Arms LLP

Page

General information

1

Balance sheet

2

Notes to the financial statements

4

DESIGNATED MEMBERS:

Mrs S M Crosswaite

M S Crosswaite

REGISTERED OFFICE:

Main Road

East Morton

Keighley

West Yorkshire

BD20 5SP

REGISTERED NUMBER:

OC355384 (England and Wales)

ACCOUNTANTS:

DWilkinson&Company

No 1 Whitehall Riverside

1 Riverside Way

Leeds

West Yorkshire

LS1 4BN

FIXED ASSETS

Tangible assets

4

963,741

975,248

CURRENT ASSETS

Stocks

5

21,143

20,137

Debtors

6

21,452

14,856

Cash at bank and in hand

79,459

61,392

122,054

96,385

CREDITORS

Amounts falling due within one year

7

154,997

134,249

NET CURRENT LIABILITIES

(32,943

)

(37,864

)

TOTAL ASSETS LESS CURRENT LIABILITIES

930,798

937,384

CREDITORS

Amounts falling due after more than one year

8

79,579

114,931

NET ASSETS ATTRIBUTABLE TO MEMBERS

851,219

822,453

LOANS AND OTHER DEBTS DUE TO MEMBERS

11

851,219

822,453

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

11

851,219

822,453

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 31 July 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 22 April 2026 and were signed by:

M S Crosswaite - Designated member

1.	STATUTORY INFORMATION

Busfeild Arms 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.

Improvements to property

-

10% on cost

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 45 (2024 - 41 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

Freehold

to

and

property

property

fittings

£

£

£

COST

At 1 August 2024

704,838

414,971

260,960

Additions

-

22,846

8,269

At 31 July 2025

704,838

437,817

269,229

DEPRECIATION

At 1 August 2024

-

219,268

198,251

Charge for year

-

41,801

10,647

At 31 July 2025

-

261,069

208,898

NET BOOK VALUE

At 31 July 2025

704,838

176,748

60,331

At 31 July 2024

704,838

195,703

62,709

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 August 2024

19,800

5,182

1,405,751

Additions

17,100

-

48,215

At 31 July 2025

36,900

5,182

1,453,966

DEPRECIATION

At 1 August 2024

7,803

5,181

430,503

Charge for year

7,274

-

59,722

At 31 July 2025

15,077

5,181

490,225

NET BOOK VALUE

At 31 July 2025

21,823

1

963,741

At 31 July 2024

11,997

1

975,248

5.

STOCKS

31.7.25

31.7.24

£

£

Stocks

21,143

20,137

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.25

31.7.24

£

£

Other debtors

9,150

8,000

Prepayments

12,302

6,856

21,452

14,856

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.25

31.7.24

£

£

Bank loans and overdrafts (see note 9)

3,116

4,902

Trade creditors

94,514

79,094

Social security and other taxes

5,478

5,190

VAT

47,321

39,877

Other creditors

583

1,216

Accrued expenses

3,985

3,970

154,997

134,249

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.7.25

31.7.24

£

£

Other loans (see note 9)

79,579

114,931

9.

LOANS

An analysis of the maturity of loans is given below:

31.7.25

31.7.24

£

£

Amounts falling due within one year or on demand:

Bank overdrafts

3,116

4,902

Amounts falling due between one and two years:

Loans

79,579

114,931

10.	SECURED DEBTS

The following secured debts are included within creditors:

31.7.25

31.7.24

£

£

Loans

79,579

114,931

11.

LOANS AND OTHER DEBTS DUE TO MEMBERS

31.7.25

31.7.24

£

£

Amounts owed to members in respect of profits

851,219

822,453

Falling due within one year

851,219

822,453

In the event of a winding up the amounts included in "Loans and others debts due to members" will rank equally with unsecured creditors.