REGISTERED NUMBER: OC432690 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

FOR

NORTON POWER PARTNERSHIP LLP

Page

General Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

DESIGNATED MEMBERS:

A M Duguid

H R Hunter

REGISTERED OFFICE:

Norton Place

Bishop Norton

Market Rasen

Lincolnshire

LN8 2AX

REGISTERED NUMBER:

OC432690 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

14 London Road

Newark

Nottinghamshire

NG24 1TW

FIXED ASSETS

Investments

4

50

50

CURRENT ASSETS

Debtors

5

259,359

21,865

Cash at bank

23,770

16,835

283,129

38,700

CREDITORS

Amounts falling due within one year

6

25,304

9,886

NET CURRENT ASSETS

257,825

28,814

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

257,875

28,864

LOANS AND OTHER DEBTS DUE TO MEMBERS

7

257,825

28,814

MEMBERS' OTHER INTERESTS

Capital accounts

50

50

257,875

28,864

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

7

257,825

28,814

Members' other interests

50

50

257,875

28,864

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 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 25 September 2026 and were signed by:

A M Duguid - Designated member

1.	STATUTORY INFORMATION

Norton Power Partnership 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.	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.

Revenue

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

Revenue is recognised when the significant risks and rewards have passed to the customer, the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and that the costs incurred, or to be incurred, in respect of the transaction, can be measured reliably.

Members' participating interests

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 section 22 of FRS 102.A member's participation rights including amounts subscribed or otherwise contributed by members, for example members' capital, are classed as liabilities unless the LLP has an unconditional right to refuse payment to members, in which case they are classified as equity.

All amounts due to members that are classified as liabilities are presented within 'Loans and other debts, due to members' and, where such an amount relates to current year profits, they are recognised within ‘Members' remuneration charged as an expense’ in arriving at the relevant year’s result. Undivided amounts that are classified as equity are shown within ‘Members' other interests’. Amounts recoverable from members are presented as debtors and shown as amounts due from members within members’ interests.

Where there exists an asset and liability component in respect of an individual member’s participation rights,they are presented on a gross basis unless the LLP has both a legally enforceable right to set off the recognised amounts, and it intends either to settle on a net basis or to settle and realise these amounts simultaneously, in which case they are presented net.

Once an unavoidable obligation has been created in favour of members through allocation of profits or other

means, any undrawn profits remaining at the reporting date are shown as ‘Loans and other debts due to

members’ to the extent they exceed debts due from a specific member.

Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

Entities in which the limited liability partnership has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 4 (2025 - NIL ) .

4.	FIXED ASSET INVESTMENTS

Interest

in joint

venture

£

COST

At 1 April 2025

and 31 March 2026

50

NET BOOK VALUE

At 31 March 2026

50

At 31 March 2025

50

The LLP's investments at the Balance Sheet date in the share capital of companies include the following:

Joint venture

Hemswell Power Solutions Limited

Registered office: The Control Tower, Hemswell Cliff Industrial Estate, Hemswell Cliff, Gainsborough, Lincolnshire, UK, DN21 5TJ

Nature of business: Sale of electricity

%

Class of shares:

holding

Ordinary

50.00

The limited liability partnership holds a 50% equity shareholding (and voting rights) in Hemswell Power

Solutions Limited, a joint venture. The investment is held at a carrying amount of £50.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Other debtors

259,359

21,865

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Taxation and social security

23,984

-

Other creditors

1,320

9,886

25,304

9,886

7.

LOANS AND OTHER DEBTS DUE TO MEMBERS

In the event of a winding up the amounts included in "Loans and other debts due to members" will rank equally with unsecured creditors.

8.	RELATED PARTY TRANSACTIONS

During the period Hemswell Estates Limited received amounts from Norton Power Partnership LLP of £41,600 (2025: £nil). The amount outstanding from Hemswell Estates Limited at 31 March 2026 was £32,914 (2025: -£8,686). Mr A Duguid is a director and shareholder of Hemswell Estates Limited.

During the period Adam Duguid & Son received amounts from Norton Power Partnership LLP of £190,000 (2025: £20,000). The amount outstanding from Adam Duguid & Son at 31 March 2026 was £210,000 (2025: £20,000). Mr A Duguid is the proprietor of Adam Duguid & Son.

The loans are interest free, have no fixed terms for repayment, and are repayable on demand.