R&S Payton Farms LLP - Accounts to registrar (filleted)

REGISTERED NUMBER: OC387918 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST AUGUST 2025

FOR

R&S PAYTON FARMS LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

S P Payton

R P Payton

REGISTERED OFFICE:

25 St Thomas Street

Winchester

Hampshire

SO23 9HJ

REGISTERED NUMBER:

OC387918 (England and Wales)

ACCOUNTANTS:

Martin and Company

25 St Thomas Street

Winchester

Hampshire

SO23 9HJ

FIXED ASSETS

Tangible assets

4

485,064

484,193

Investments

5

219

485,283

484,412

CURRENT ASSETS

Stocks

626,681

526,850

Debtors

6

105,259

172,298

Cash at bank and in hand

210

732,150

699,358

CREDITORS

Amounts falling due within one year

7

324,872

332,704

NET CURRENT ASSETS

407,278

366,654

TOTAL ASSETS LESS CURRENT
LIABILITIES

892,561

851,066

CREDITORS

Amounts falling due after more than one
year

8

62,666

40,211

NET ASSETS ATTRIBUTABLE TO
MEMBERS

829,895

810,855

LOANS AND OTHER DEBTS DUE TO
MEMBERS

9

829,895

810,855

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

9

829,895

810,855

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 August 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 21st April 2026 and were signed by:

S P Payton - Designated member

R P Payton - Designated member

1.	STATUTORY INFORMATION

R&S Payton Farms 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

-

at variable rates 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 5 (2024 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Tractors

Plant and

and

Motor

machinery

vehicles

Totals

£

COST

At 1st September 2024

116,326

744,521

49,132

909,979

Additions

14,260

123,150

9,740

147,150

Disposals

(3,497

)

(144,626

)

(15,483

)

(163,606

)

At 31st August 2025

127,089

723,045

43,389

893,523

DEPRECIATION

At 1st September 2024

69,134

322,431

34,221

425,786

Charge for year

9,543

74,501

2,523

86,567

Eliminated on disposal

(2,928

)

(93,316

)

(7,650

)

(103,894

)

At 31st August 2025

75,749

303,616

29,094

408,459

NET BOOK VALUE

At 31st August 2025

51,340

419,429

14,295

485,064

At 31st August 2024

47,192

422,090

14,911

484,193

5.	FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:

2025

2024

£

Investments

219

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

82,676

135,999

Other debtors

22,583

36,299

105,259

172,298

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

95,968

62,726

Hire purchase contracts

32,500

71,784

Trade creditors

150,118

149,441

Other creditors

46,286

48,753

324,872

332,704

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2025

2024

£

Bank loans

-

8,794

Hire purchase contracts

35,416

4,167

Other creditors

27,250

62,666

40,211

9.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank equally with debts due to unsecured creditors in the event of a winding up.