M H Poskitt LLP - LLP accounts 24.3

REGISTERED NUMBER: OC358296 (England and Wales)

REPORT OF THE MEMBERS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

M H POSKITT LLP

Page

General Information

1

Report of the Members

2

Income Statement

3

Balance Sheet

4

Reconciliation of Members' Interests

6

Notes to the Financial Statements

8

DESIGNATED MEMBERS:

S G Poskitt

Mark H Poskitt Limited

REGISTERED OFFICE:

The Firs

Kellington

Goole

East Yorkshire

DN14 0FL

REGISTERED NUMBER:

OC358296 (England and Wales)

ACCOUNTANTS:

Lloyd Dowson Limited

Medina House

2 Station Avenue

Bridlington

East Yorkshire

YO16 4LZ

The members present their report with the financial statements of the LLP for the year ended 31 December 2025.

PRINCIPAL ACTIVITY

The principal activity of the LLP in the year under review was that of farming.

DESIGNATED MEMBERS

The designated members during the year under review were:

S G Poskitt

Mark H Poskitt Limited

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS

The profit for the year before members' remuneration and profit shares was £239,231 (2024 - £164,122 profit).

MEMBERS' INTERESTS

The profits and losses of the LLP (including profits of a capital nature) shall be payable by the LLP to the Members or by the Members to the LLP (as the case may be) in the following order of priority:

- the profit shall be applied in the first instance towards the repayment (on a pro rata basis) of capital contributions.

- the surplus profits (after repayment in full of all capital contributions) and losses of the LLP shall be allocated in such proportions as the Members decide by simple majority, from time to time.

ON BEHALF OF THE MEMBERS:

S G Poskitt - Designated member

7 September 2026

TURNOVER

537,926

498,725

Cost of sales

308,506

315,694

GROSS PROFIT

229,420

183,031

Administrative expenses

34,283

33,643

195,137

149,388

Other operating income

55,680

24,805

OPERATING PROFIT

4

250,817

174,193

Interest payable and similar expenses

11,586

10,071

PROFIT FOR THE FINANCIAL YEAR
BEFORE MEMBERS' REMUNERATION
AND PROFIT SHARES

239,231

164,122

PROFIT FOR THE FINANCIAL YEAR
BEFORE MEMBERS' REMUNERATION
AND PROFIT SHARES

239,231

164,122

Members' remuneration charged as an
expense

5

(239,231

)

(164,122

)

PROFIT FOR THE FINANCIAL YEAR
AVAILABLE FOR DISCRETIONARY
DIVISION AMONG MEMBERS

-

FIXED ASSETS

Tangible assets

6

6,350,171

6,362,043

CURRENT ASSETS

Stocks

237,000

186,949

Debtors

7

649,782

561,011

Cash at bank

41,327

13,414

928,109

761,374

CREDITORS

Amounts falling due within one year

8

521,277

308,970

NET CURRENT ASSETS

406,832

452,404

TOTAL ASSETS LESS CURRENT
LIABILITIES

6,757,003

6,814,447

CREDITORS

Amounts falling due after more than one
year

9

368,546

408,475

NET ASSETS ATTRIBUTABLE TO
MEMBERS

6,388,457

6,405,972

LOANS AND OTHER DEBTS DUE TO
MEMBERS

11

6,388,457

6,405,972

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

11

6,388,457

6,405,972

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 31 December 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 in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The financial statements were approved by the members of the LLP and authorised for issue on 7 September 2026 and were signed by:

S G Poskitt - Designated member

EQUITY

DEBT

TOTAL

Members'

Loans and other debts due to

MEMBERS'

other

members less any amounts due

INTERESTS

interests

from members in debtors

Other

reserves

amounts

Total

£

Amount due to members

6,405,972

Amount due from members

-

Balance at 1 January 2025

-

6,405,972

Members' remuneration charged as
an expense, including employment
and retirement benefit costs

-

239,231

Profit for the financial year
available for discretionary division
among members

-

Members' interests after profit for
the year

-

6,645,203

Introduced by members

-

77,009

Drawings on account and
distributions of profit

-

(333,755

)

(333,755

)

Amount due to members

6,388,457

Amount due from members

-

Balance at 31 December 2025

-

6,388,457

EQUITY

DEBT

TOTAL

Members'

Loans and other debts due to

MEMBERS'

other

members less any amounts due

INTERESTS

interests

from members in debtors

Other

reserves

amounts

Total

£

Amount due to members

5,779,441

Amount due from members

-

Balance at 1 January 2024

-

5,779,441

Members' remuneration charged as
an expense, including employment
and retirement benefit costs

-

164,122

Profit for the financial year
available for discretionary division
among members

-

Members' interests after profit for
the year

-

5,943,563

Introduced by members

-

687,534

Drawings on account and
distributions of profit

-

(225,125

)

(225,125

)

Amount due to members

6,405,972

Amount due from members

-

Balance at 31 December 2024

-

6,405,972

1.	STATUTORY INFORMATION

M H Poskitt 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

Income is derived from the sale of vegetables, seeds and grains, and is recognised when the customer is in receipt of the relevant goods and the rewards of ownership have transferred to the customer.

Tangible fixed assets

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

Freehold property

-

Nil

Plant and machinery

-

10% on cost

Motor vehicles

-

25% 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.

3.	EMPLOYEE INFORMATION

The LLP had no employees during the current or previous year.

4.	OPERATING PROFIT

The operating profit is stated after charging:

31.12.25

31.12.24

£

Depreciation - owned assets

12,995

16,544

5.	INFORMATION IN RELATION TO MEMBERS

31.12.25

31.12.24

£

Members' remuneration charged as an expense

Partners' profit allocation

239,231

164,122

6.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Motor

property

machinery

vehicles

Totals

£

COST

At 1 January 2025

6,304,777

29,554

66,341

6,400,672

Additions

-

6,600

Disposals

-

(10,800

)

(10,800

)

At 31 December 2025

6,304,777

29,554

62,141

6,396,472

DEPRECIATION

At 1 January 2025

-

13,052

25,577

38,629

Charge for year

-

2,955

10,040

12,995

Eliminated on disposal

-

(5,323

)

(5,323

)

At 31 December 2025

-

16,007

30,294

46,301

NET BOOK VALUE

At 31 December 2025

6,304,777

13,547

31,847

6,350,171

At 31 December 2024

6,304,777

16,502

40,764

6,362,043

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

Trade debtors

593,327

523,252

Other debtors

56,455

37,759

649,782

561,011

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

Bank loans and overdrafts

40,493

Trade creditors

412,614

264,497

Other creditors

68,170

3,980

521,277

308,970

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.12.25

31.12.24

£

Bank loans

368,546

408,475

Amounts falling due in more than five years:

Repayable by instalments

Bank loans - over 5 years

206,573

246,502

10.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.25

31.12.24

£

Bank loans

409,039

448,968

The bank loan is secured by a legal charge over freehold land owned by the LLP, and a guarantee given by Mark H Poskitt Limited, one of the LLP members.

11.

LOANS AND OTHER DEBTS DUE TO MEMBERS

31.12.25

31.12.24

£

Amounts owed to members in respect of profits

6,388,457

6,405,972

Falling due within one year

6,388,457

6,405,972

In the event of a winding up of the LLP the amounts included in 'loans and other debts due to members' would rank equally with unsecured creditors.