REGISTERED NUMBER: SO303236 (Scotland)

Financial Statements for the Year Ended 31st March 2026

for

Forestry Purposes LLP

Page

General Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

J Hurren

Mrs E M T Hurren

REGISTERED OFFICE:

Farries, Kirk & McVean

Dumfries Enterprise Park

Heathhall

Dumfries

DUMFRIESSHIRE

DG1 3SJ

REGISTERED NUMBER:

SO303236 (Scotland)

ACCOUNTANTS:

Farries Kirk & McVean

Dumfries Enterprise Park

Heathhall

Dumfries

DUMFRIESSHIRE

DG1 3SJ

FIXED ASSETS

Property, plant and equipment

4

228,127

229,747

Investments

5

118,001

118,001

346,128

347,748

CURRENT ASSETS

Debtors

6

389,774

281,209

Cash at bank and in hand

60,967

78,832

450,741

360,041

CREDITORS

Amounts falling due within one year

7

13,285

13,246

NET CURRENT ASSETS

437,456

346,795

TOTAL ASSETS LESS CURRENT LIABILITIES

783,584

694,543

CREDITORS

Amounts falling due after more than one year

8

-

4,282

NET ASSETS ATTRIBUTABLE TO MEMBERS

783,584

690,261

LOANS AND OTHER DEBTS DUE TO MEMBERS

9

783,584

690,261

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

9

783,584

690,261

Amounts due from members

6

(389,167

)

(281,209

)

394,417

409,052

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 March 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 1st July 2026 and were signed by:

J Hurren - Designated member

Mrs E M T Hurren - Designated member

1.	STATUTORY INFORMATION

Forestry Purposes LLP is registered in Scotland. 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

not provided

Plant and machinery etc

-

15% on reducing balance

The assets' residual values and useful lives are reviewed, and adjusted, if appropriate, at the end of each reporting period.

Financial instruments

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for the sale of goods and services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price and represent the full value of the goods and services charged to customers, including any amounts charged on for third parties.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date they are presented as non current liabilities.

Borrowings

Interest bearing borrowings are initially recorded at fair value, net of transaction costs. Interest bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transactions costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Provisions and contingencies

Provisions are recognised when the company has a present legal or constructive obligation as a result of past events; it is probable that an outflow of resources will be required to settle the obligation; and the amount of the obligation can be estimated reliably.

3.	EMPLOYEE INFORMATION

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

4.	PROPERTY, PLANT AND EQUIPMENT

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1st April 2025

and 31st March 2026

182,479

115,898

298,377

DEPRECIATION

At 1st April 2025

-

68,630

68,630

Charge for year

-

1,620

1,620

At 31st March 2026

-

70,250

70,250

NET BOOK VALUE

At 31st March 2026

182,479

45,648

228,127

At 31st March 2025

182,479

47,268

229,747

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1st April 2025

and 31st March 2026

118,001

NET BOOK VALUE

At 31st March 2026

118,001

At 31st March 2025

118,001

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Other debtors

389,774

281,209

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

35

10

Trade creditors

2,501

2,480

Taxation and social security

10,749

10,756

13,285

13,246

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans

-

4,282

Amounts falling due in more than five years:

Repayable by instalments

Bounce Back Loan

-

4,282

9.

LOANS AND OTHER DEBTS DUE TO MEMBERS

2026

2025

£

£

Amounts owed to members in respect of profits

783,584

690,261

Falling due within one year

783,584

690,261

J Hurren £391,670

Mrs E M T Hurren £391,670