Cooper Parry Advisory Limited, Sky View, Argosy Road, East Midlands Airport, Castle Donington, Derby, DE74 2SA
Bankers
C Hoare & Co, 37 Fleet Street, London, EC4P 4DQ
Solicitors
Macfarlanes, 20 Cursitor Street, London, EC4A 1LT
Land agents
Fisher German, Ivanhoe Office Park, Ivanhoe Park Way, Ashby-de-la-Zouch, Leicestershire, LE65 2AB
Page 1
STANDONE LLP
ACCOUNTANTS' REPORT TO THE MEMBERS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF STANDONE LLP FOR THE YEAR ENDED 31 MARCH 2026
In order to assist you to fulfil your duties under the Companies Act 2006 (as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008), we have prepared for your approval the financial statements of Standone LLPfor the year ended 31 March 2026 which comprise the income statement, the balance sheet, the reconciliation of members' interests and the related notes from the LLP'saccounting recordsand from information and explanations you have given us.
This report is made solely to the members, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Standone LLP and state those matters that we have agreed to state to the Standone LLP's members in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Standone LLP and its members for our work or for this report.
It is your duty to ensure that Standone LLP has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and result of Standone LLP. You consider that Standone LLP is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or review of the financial statements of Standone LLP. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Cooper Parry Advisory Limited
Sky View Argosy Road
East Midlands Airport
Castle Donington
Derby
DE74 2SA
2 July 2026
Page 2
STANDONE LLP
REGISTERED NUMBER: OC394452
BALANCE SHEET
AS AT 31 MARCH 2026
2026
2025
Note
£
£
Fixed assets
Intangible assets
4
-
-
Tangible assets
5
13,444,252
13,428,227
13,444,252
13,428,227
Current assets
Stocks
101,717
92,259
Debtors: amounts falling due within one year
6
173,559
367,735
Cash at bank and in hand
1,390,796
1,538,508
1,666,072
1,998,502
Creditors: amounts falling due within one year
7
(365,921)
(359,680)
Net current assets
1,300,151
1,638,822
Total assets less current liabilities
14,744,403
15,067,049
Represented by:
Members' other interests
Members' capital classified as equity
23,987,802
23,487,802
Other reserves classified as equity
(9,243,399)
(8,420,753)
14,744,403
15,067,049
Total members' interests
Members' other interests
14,744,403
15,067,049
Page 3
STANDONE LLP
REGISTERED NUMBER: OC394452
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2026
The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small LLPs regime.
The entity 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.
The membersacknowledgetheirresponsibilities 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.
The entity has opted not to file the profit and loss account in accordance with the provisions applicable to entities subject to the small LLPs regime.
The financial statements were approved and authorised for issue by the members and were signed on their behalf by:
MCC Samworth
For and on behalf of Chetwode Trustees 1 Limited & Chetwode Trustees 2 Limited
Designated member
Date: 2 July 2026
Registration number OC394452
The notes on pages 5 to 9 form part of these financial statements.
Standone 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.
Page 4
STANDONE LLP
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
1.Accounting policies
1.1
Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006 and the requirements of the Statement of Recommended Practice "Accounting by Limited Liability Partnerships".
1.2
Going concern
The members believe that the LLP has sufficient resources to continue in operational existence for the foreseeable future. Therefore, the members consider it appropriate to adopt the going concern basis in preparing the financial statements.
1.3
Turnover
Turnover comprises revenue recognised by the LLP in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts.
1.4
Intangible fixed assets and amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value,
over the useful economic life of that asset as follows:
Amortisation is provided on the following bases:
Entitlements
-
20%
per annum
1.5
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is not charged on freehold land. Depreciation on other tangible fixed assets is provided at rates calculated to write off the cost of those assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold property - 1% per annum
Property improvement - 2% - 10% per annum
Plant and machinery - 25% reducing balance
Motor vehicles - 25% reducing balance
Fixtures and fittings - 25% reducing balance
1.6
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Page 5
STANDONE LLP
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
1.Accounting policies (continued)
1.7
Government grants
Basic Payment Scheme and Countryside Stewardship Scheme payments are receivable on a calendar year basis having begun on 1 January. The income is recognised pro-rata over the calendar year.
Other grants of a revenue nature are credited to the profit and loss account in the period in which they are receivable.
Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
1.8
Taxation
Taxation on any profit generated by the LLP is solely the personal liability of the individual members. Consequently, neither taxation nor related deferred taxation arising in respect of the LLP is accounted for in these financial statements.
2.
Staff numbers and costs
The average number of persons employed by the LLP during the year, analysed by category, was as follows:
2026
2025
No.
No.
Estate management
5
3
Ancillary staff
2
2
7
5
3.
Information in relation to members
2026
2025
No.
No.
The average number of members during the year was
3
3
No members received any emoluments during the year ended 31 March 2026 (2025: £nil).
Page 6
STANDONE LLP
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
4.
Intangible assets
Patents
£
Cost
At 1 April 2025 and 31 March 2026
42,662
Amortisation
At 1 April 2025 and 31 March 2026
42,662
Net book value
At 31 March 2026
-
At 31 March 2025
-
Page 7
STANDONE LLP
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
5.
Tangible fixed assets
Freehold property
Property improvement
Plant and machinery
Motor vehicles
Fixtures and fittings
Total
£
£
£
£
£
£
Cost
At 1 April 2025
9,901,834
4,418,973
771,701
57,446
46,052
15,196,006
Additions
-
251,557
78,461
-
-
330,018
Disposals
-
-
(44,019)
-
-
(44,019)
At 31 March 2026
9,901,834
4,670,530
806,143
57,446
46,052
15,482,005
Depreciation
At 1 April 2025
283,505
977,993
423,401
43,564
39,316
1,767,779
Charge for the year
28,250
166,864
101,102
3,471
1,684
301,371
Disposals
-
-
(31,397)
-
-
(31,397)
At 31 March 2026
311,755
1,144,857
493,106
47,035
41,000
2,037,753
Net book value
At 31 March 2026
9,590,079
3,525,673
313,037
10,411
5,052
13,444,252
At 31 March 2025
9,618,329
3,440,980
348,300
13,882
6,736
13,428,227
Included in freehold property is land at cost of £7,076,835 (2025: £7,076,835) which is not depreciated.
Page 8
STANDONE LLP
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
6.
Debtors
2026
2025
£
£
Trade debtors
67,376
42,404
Other debtors
106,183
325,331
173,559
367,735
7.
Creditors: Amounts falling due within one year
2026
2025
£
£
Trade creditors
69,332
24,616
Other creditors (including deferred income)
296,589
335,064
365,921
359,680
8.
Related party transactions
The members and controlling persons of the LLP are related parties. The following transactions have taken place between the LLP and the members and controlling persons:
A controlling person paid property rent to the LLP in the year of £11,352 (2025: £11,296). The LLP made miscellaneous sales to this controlling person of £8,550 (2025: £8,050), £9,120 of which were outstanding at the year end (2025: £nil).
A controlling person reimbursed the LLP for expenses and ancillary staff costs paid on their behalf of £114,824 (2025: £105,896). There was £25,837 outstanding at the year end (2025: £57,953).
The Samworth Family Settlements owed £49,090 (2025: £nil) at 31 March 2026 in relation to the reimbursement of ancillary staff costs paid on their behalf. The Samworth Family Settlements paid property rent in the year to the LLP of £21,600 (2025: £21,600), none of which was outstanding at the year end (2025: £nil).
A company under common control charged £81,927 (2025: £100,043) for administrative costs and office rent incurred on behalf of the LLP. There was £nil outstanding as at 31 March 2026 (2025: £nil outstanding).
A second company under common control charged £15,000 (2025: £15,000) in relation to land rent in the year. At 31 March 2026 £nil had been invoiced in advance (2025: £nil invoiced in advance).
A third company under common control charged £30,294 (2025: £18,000) in relation to land rent in the year. At 31 March 2026 £19,643 had been invoiced in advance (2025: £3,000 invoiced in advance).