REGISTERED NUMBER: OC448189 (England and Wales)

Unaudited Financial Statements for the Year Ended 5 April 2026

for

JHM Hare & Daughters (Farming) LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Designated members:

Miss L C Hare

Miss K V Hare

Mr J H Hare

Registered office:

Summerfield Farm

Summerfield

Docking

King's Lynn

Norfolk

PE31 8PH

Registered number:

OC448189 (England and Wales)

Accountants:

Stephenson Smart (East Anglia) Limited

Chartered Accountants

22-26 King Street

King's Lynn

Norfolk

PE30 1HJ

Fixed assets

Tangible assets

5

507,707

504,644

Current assets

Stocks

439,799

444,391

Debtors

6

39,578

43,807

Cash at bank

556,536

611,119

1,035,913

1,099,317

Creditors

Amounts falling due within one year

7

(4,183

)

(4,651

)

Net current assets

1,031,730

1,094,666

Total assets less current liabilities

and

Net assets attributable to members

1,539,437

1,599,310

Loans and other debts due to members

8

1,539,437

1,599,310

Total members' interests

Loans and other debts due to members

8

1,539,437

1,599,310

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 5 April 2026.

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 18 June 2026 and were signed by:

Mr J H Hare - Designated member

1.	Statutory information

JHM Hare & Daughters (Farming) 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.	Statement of compliance

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.

3.	Accounting policies

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Critical accounting judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. The key assumptions and other sources of estimation uncertainty that have a significant effect upon the figures reported in the financial statements are in respect of the rates applied for depreciation, as described below.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue is recognised at the point of delivery of produce to customers.

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

-

4% on reducing balance

Plant and machinery

-

15% p.a. reducing balance

Computer equipment

-

15% p.a. reducing balance

Tangible assets are initially recorded at cost and subsequently stated at cost less any accumulated depreciation and impairment losses.

Stocks

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

Financial instruments

The company classifies its financial instruments in the following categories: measured at amortised cost; and measured at fair value through profit and loss. The classification is determined at initial recognition and depends on the purpose for which the financial instruments are required.

Measured at amortised cost includes non-derivative financial assets and liabilities with fixed or determinable payments that are not quoted in an active market. Financial assets are included in current assets, except where the maturity date is more than 12 months after the end of the reporting period. They are initially recorded at fair value and subsequently recorded at amortised cost. Financial liabilities are included in current liabilities, except where the maturity date is more than 12 months after the end of the reporting period. They are initially measured at original cost, less amortisation or provisions raised.

Measured at fair value through profit and loss includes financial assets and liabilities. They are classified according to maturity date, within current and non-current assets and liabilities respectively.

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.

4.	Employee information

The average number of employees during the year was 1 (2025 - 2 ) .

5.	Tangible fixed assets

Improvements

Plant and

Computer

to property

machinery

equipment

Totals

£

£

£

£

Cost

At 6 April 2025

67,940

516,621

801

585,362

Additions

-

128,500

-

128,500

Disposals

-

(52,093

)

-

(52,093

)

At 5 April 2026

67,940

593,028

801

661,769

Depreciation

At 6 April 2025

2,718

77,880

120

80,718

Charge for year

2,609

78,447

102

81,158

Eliminated on disposal

-

(7,814

)

-

(7,814

)

At 5 April 2026

5,327

148,513

222

154,062

Net book value

At 5 April 2026

62,613

444,515

579

507,707

At 5 April 2025

65,222

438,741

681

504,644

6.

Debtors: amounts falling due within one year

5.4.26

5.4.25

£

£

Trade debtors

18,139

24,556

Other debtors

21,439

19,251

39,578

43,807

7.

Creditors: amounts falling due within one year

5.4.26

5.4.25

£

£

Taxation and social security

594

986

Other creditors

3,589

3,665

4,183

4,651

8.

Loans and other debts due to members

The loans and other debts due to members rank after other creditors for repayment.