REGISTERED NUMBER: OC379185 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Anstey Estate LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

Mr R T A Hadden

Mrs H J Hadden

REGISTERED OFFICE:

69 High Street

Bideford

Devon

EX39 2AT

REGISTERED NUMBER:

OC379185 (England and Wales)

ACCOUNTANTS:

R T Marke & Co Ltd

Chartered Accountants

69 High Street

Bideford

Devon

EX39 2AT

FIXED ASSETS

Tangible assets

5

300,769

569,822

CURRENT ASSETS

Debtors

6

556,009

474,410

Cash at bank

131,753

346,424

687,762

820,834

CREDITORS

Amounts falling due within one year

7

452,177

505,333

NET CURRENT ASSETS

235,585

315,501

TOTAL ASSETS LESS CURRENT LIABILITIES

536,354

885,323

CREDITORS

Amounts falling due after more than one year

8

259,215

267,845

NET ASSETS ATTRIBUTABLE TO MEMBERS

277,139

617,478

LOANS AND OTHER DEBTS DUE TO MEMBERS

11

15,647

-

MEMBERS' OTHER INTERESTS

Capital accounts

261,492

617,478

277,139

617,478

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

11

15,647

-

Members' other interests

261,492

617,478

Amounts due from members

6

(542,067

)

(467,726

)

(264,928

)

149,752

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 March 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 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 23 September 2026 and were signed by:

Mrs H J Hadden - Designated member

Mr R T A Hadden - Designated member

1.	STATUTORY INFORMATION

Anstey Estate LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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. There were no material departures from that standard.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

The principal accounting policies adopted in the preparation of the financial statements are set out below and remain unchanged from the previous period, and also have been consistently applied within the same accounts.

Turnover

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

Tangible fixed assets

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

Long leasehold

-

2% straight line

Improvements to property

-

10% straight line

Plant and machinery

-

10% straight line

Fixtures and fittings

-

33% straight line

Computer equipment

-

33% straight line

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended by management.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold. No depreciation is provided in respect of investment properties.

Financial instruments

Basic financial instruments with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs.

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.

Going concern

Having regard to the LLP's anticipated future revenues and costs including repayment of debt where appropriate, together with the expected availability of working capital, the members consider that it is appropriate to prepare the financial statements on the going concern basis.

Members' participation rights

Members' participation rights are the rights of a member against the LLP that arise under the members' agreement (for example, in respect of amounts subscribed or otherwise contributed, remuneration and profits).

Members' participation rights in the earnings or assets of the LLP are analysed between those that are, from the LLP's perspective, either a financial liability or equity, in accordance with FRS 25 (IAS 32) Financial Instruments: Disclosure and Presentation and UITF abstract 39 Members' shares in co-operative entities and similar instruments. A Members' participation right results in a liability unless the right to any payment is discretionary on the part of the LLP.

Accounts subscribed or otherwise contributed by members, for example members' capital, are classed as equity if the LLP has an unconditional right to refuse payment to members. If the LLP does not have such an unconditional right, such amounts are classified as liabilities.

Where profits are automatically divided as they arise, so the LLP does not have an unconditional right to refuse payment, the amounts arising that are due to members are in the nature of liabilities. They are therefore treated as an expense in the Profit and Loss Account in the relevant year. To the extent that they remain unpaid at the year end, they are shown as liabilities in the Balance Sheet.

Conversely, where profits are divided only after a decision by the LLP or its representative, so that the LLP has an unconditional right to refuse payment, such profits are classed as an appropriation of equity rather than as an expense. They are therefore shown as a residual amount available for discretionary division among members in the Profit and Loss Account and are equity appropriations in the Balance Sheet.

Other amounts applied to members, for example remuneration paid under an employment contract and interest on capital balances, are treated in the same way as all other divisions of profits, as described above, according to whether the LLP has, in each case, an unconditional right to refuse payment.

All amounts due to members that are classified as liabilities are presented in the Balance Sheet within 'Loans and other debts due to members' and are charged to the Profit and Loss Account within 'Members' remuneration charged as an expense'. Amounts due to members that are classified as equity are shown in the Balance Sheet within 'Members' other interests'.

Exceptional items

The LLP discloses as exceptional items material items which derive from events or transactions that fall within the ordinary activities of the reporting entity and which individually, or, if of a similar type, in aggregate, it is considered need to be disclosed by virtue of their size or incidence if the financial statements are to give a true and fair view.

4.	EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2024 - 1 ).

5.	TANGIBLE FIXED ASSETS

Improvements

Long

to

Plant and

leasehold

property

machinery

£

£

£

COST

At 1 April 2024

645,986

8,293

58,097

Additions

-

-

26,106

Disposals

(355,986

)

-

-

At 31 March 2025

290,000

8,293

84,203

DEPRECIATION

At 1 April 2024

142,150

-

6,110

Charge for year

5,800

-

8,913

Eliminated on disposal

(78,350

)

-

-

At 31 March 2025

69,600

-

15,023

NET BOOK VALUE

At 31 March 2025

220,400

8,293

69,180

At 31 March 2024

503,836

8,293

51,987

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2024

22,732

653

735,761

Additions

-

-

26,106

Disposals

-

-

(355,986

)

At 31 March 2025

22,732

653

405,881

DEPRECIATION

At 1 April 2024

17,026

653

165,939

Charge for year

2,810

-

17,523

Eliminated on disposal

-

-

(78,350

)

At 31 March 2025

19,836

653

105,112

NET BOOK VALUE

At 31 March 2025

2,896

-

300,769

At 31 March 2024

5,706

-

569,822

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

2,121

2,121

Amounts due from members

542,067

467,726

Other debtors

6,976

-

VAT

4,594

4,339

Prepayments

251

224

556,009

474,410

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

10,000

12,285

Other loans

274,427

255,429

Trade creditors

16,578

22,800

Other creditors

138,982

203,586

Accruals and deferred income

12,190

11,233

452,177

505,333

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans due in 1-2 years

10,000

10,000

Bank loans due in 2-5 years

30,000

30,000

Bank loans due after 5 years

203,587

209,617

Bounce back loan

15,628

18,228

259,215

267,845

Amounts falling due in more than five years:

Repayable by instalments

Bank loans due after 5 years

203,587

209,617

9.	LEASING AGREEMENTS

During an earlier period the LLP accepted the assignments of an existing lease from the beneficiaries of Anstey Estate Trust at peppercorn rentals (if demanded).

At 31 March 2024 the LLP still had in place the existing lease from the beneficiaries of Anstey Estate Trust relating to Sages.

The original lease relating to Pewson was partially surrendered during an earlier year and a new overriding lease for this property was assigned by the same beneficiaries. All leases are held under peppercorn rentals (if demanded).

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

253,587

261,902

Bank loans and overdrafts are secured by fixed and floating charges over the LLP's assets.

11.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank pari passu with unsecured creditors. The legal opinion given in an appendix to the SORP, Accounting by Limited Liability Partnerships, is that members' other interests, represented above by other reserves, rank after unsecured creditors.

12.	RELATED PARTY DISCLOSURES

Included in creditors is a loan repayable on demand of £274,427 (2024 - £255,429) from Anstey Estate Trust, a trust controlled by Mr R T A Hadden and Mrs H J Hadden.

During the year the LLP members have withdrawn from the LLP the beneficial interest in long leasehold property at a valuation of £1,292,500 (2024 - £nil).