Hollis Mead Farms LLP - Filleted accounts

Registered number

OC423458

Hollis Mead Farms LLP

Filleted Accounts

31 March 2026

Hollis Mead Farms LLP
Registered number:		OC423458
Balance Sheet
as at 31 March 2026
Notes		2026		2025
£			£
Fixed assets
Intangible assets	3	408		510
Tangible assets and Herd Account	4	17,185,799		17,369,029
Investments	5	3,305,528		3,305,528
		20,491,735		20,675,067
Current assets
Biological Assets and Stocks		5,750		483,820
Debtors	6	271,181		131,294
Cash at bank and in hand		192,551		24,837
		469,482		639,951

Creditors: amounts falling due within one year	7	(92,752)		(211,358)

Net current assets		376,730		428,593

Total assets less current liabilities		20,868,465		21,103,660

Creditors: amounts falling due after more than one year	8	-		(52,389)


Net assets attributable to members		20,868,465		21,051,271

Represented by:

Members' other interests
Members' capital classified as equity		20,928,492		21,144,369
Other reserves		(60,027)		(93,098)
		20,868,465		21,051,271

		20,868,465		21,051,271

Total members' interests
Members' other interests		20,868,465		21,051,271

		20,868,465		21,051,271

For the year ended 31 March 2026 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied to LLPs).
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The profit and loss account has not been delivered to the Registrar of Companies.

These accounts were approved by the members on 5 June 2026 and signed on their behalf by:


Mr O Hemsley
Designated member

Hollis Mead Farms LLP
Notes to the Accounts
for the year ended 31 March 2026

1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships.The disclosure requirements of section 1A of FRS102 have been applied other than where the additional disclosure is required to show a true and fair view.

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Division of profits
	Profits are treated as being available for discretionary division only if the LLP has an unconditional right to refuse payment of the profits of a particular year unless and until the members agree to divide them. Profits are otherwise automatically divided and included under Members’ remuneration charged as an expense in the profit and loss account.

	Taxation
	Taxation is not provided for in the accounts as taxation is the personal liability of the members. Any amounts held by the LLP on behalf of members in respect of their tax liabilities are treated as debts due to members.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. 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 evenly over its expected useful life, as follows:

	Freehold buildings			Not depreciated
	Plant and Equipment			20% reducing balance basis
	Fixtures and Fittings			20% reducing balance basis
	Computers			25% straight line

	Investment Property
	Investment property which is property held to earn rentals and /or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.
	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Members' capital
	Members' capital is classified as debt and not equity if there is a contractual obligation for the LLP to repay the capital to members, even if that obligation is conditional.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the LLP's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2026		2025
Number							Number

	Average number of persons employed by the LLP					3		12


3	Intangible fixed assets							£
	Trademarks:

	Cost
	At 1 April 2025							714
	At 31 March 2026							714

	Amortisation
	At 1 April 2025							204
	Provided during the year							102
	At 31 March 2026							306

	Net book value
	At 31 March 2026							408
	At 31 March 2025							510

	Trademarks are being written off in equal annual instalments over its estimated economic life of 10 years.


4	Tangible fixed assets
		Land and buildings		Plant and Equipment		Herd Account		Total
£			£		£		£
	Cost
	At 1 April 2025	16,505,833		1,617,529		174,788		18,298,150
	Additions	456,858		77,910		-		534,768
	Disposals	-		(1,167,569)		(174,788)		(1,342,357)
	At 31 March 2026	16,962,691		527,870		-		17,490,561

	Depreciation
	At 1 April 2025	-		929,121		-		929,121
	Charge for the year	-		48,658		-		48,658
	On disposals	-		(673,017)		-		(673,017)
	At 31 March 2026	-		304,762		-		304,762

	Net book value
	At 31 March 2026	16,962,691		223,108		-		17,185,799
	At 31 March 2025	16,505,833		688,408		174,788		17,369,029


5	Fixed asset investments

Investment
Property
£
	Fair Value
	At 1 April 2025							3,305,528

	At 31 March 2026							3,305,528


6	Debtors					2026		2025
£							£

	Trade debtors					245,413		107,091
	Other debtors					25,768		24,203
						271,181		131,294


7	Creditors: amounts falling due within one year					2026		2025
£							£

	Bank loans and overdrafts					13,973		62,924
	Obligations under finance lease and hire purchase contracts					-		29,917
	Trade creditors					63,991		94,200
	Other taxes and social security costs					2,471		11,873
	Other creditors					12,317		12,444
						92,752		211,358


8	Creditors: amounts falling due after one year					2026		2025
£							£

	Bank loans					-		12,500
	Obligations under finance lease and hire purchase contracts					-		39,889
						-		52,389


9	Loans					2026		2025
£							£
	Creditors include:

	Secured bank loans					-		62,500

	The Limited Liability Partnership has a bank facility which is secured by a fixed charge over certain properties and a floating charge over assets of the LLP.


10	Other information

	Hollis Mead Farms LLP is a limited liability partnership incorporated in England. Its registered office is:
	Urless Farm
	Corscombe
	Dorchester
	Dorset
	DT2 0NP