| The Ibberton LLP |
| Registered number: |
OC404006 |
| Balance Sheet |
| as at 31 January 2026 |
| Notes |
|
2026 |
|
2025 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
8,155 |
|
10,865 |
| Current assets |
|
|
|
|
|
| Stocks |
|
|
3,250 |
|
3,050 |
| Debtors |
4 |
|
140,035 |
|
136,323 |
| Cash at bank and in hand |
|
|
4,097 |
|
1,648 |
|
|
|
147,382 |
|
141,021 |
|
| Creditors: amounts falling due within one year |
5 |
|
(31,761) |
|
(32,361) |
|
| Net current assets |
|
|
115,621 |
|
108,660 |
|
|
|
|
|
|
| Total assets less current liabilities |
|
|
123,776 |
|
119,525 |
|
|
| Net assets attributable to members |
123,776 |
|
119,525 |
|
|
|
|
|
|
| Represented by: |
| Loans and other debts due to members |
6 |
|
123,776 |
|
119,525 |
|
|
|
|
|
|
|
|
|
|
|
|
| Total members' interests |
| Amounts due from members included in debtors |
4 |
|
(139,233) |
|
(135,521) |
| Loans and other debts due to members |
6 |
|
123,776 |
|
119,525 |
|
|
|
(15,457) |
|
(15,996) |
|
|
|
|
(15,457) |
|
(15,996) |
|
|
|
|
|
|
| For the year ended 31 January 2026 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied to LLPs). |
| The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
| These accounts were approved by the members on 31 October 2026 and signed on their behalf by: |
|
|
| Cornerways (Ringwood) Ltd |
| Designated member |
|
| The Ibberton LLP |
| Notes to the Accounts |
| for the year ended 31 January 2026 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships. |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. |
|
|
Taxation |
|
Taxation is not provided for in the accounts as taxation is the personal liability of the members. Any amounts held by the LLP on behalf of members in respect of their tax liabilities are treated as debts due to members. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Plant and machinery etc |
15% reducing balance and 10% on cost |
|
|
Stocks |
|
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised. |
|
|
|
|
| 2 |
Employees |
2026 |
|
2025 |
| Number |
Number |
|
|
Average number of persons employed by the LLP |
3 |
|
3 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Plant and machinery etc |
| £ |
|
Cost |
|
At 1 February 2025 |
49,836 |
|
At 31 January 2026 |
49,836 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 February 2025 |
38,971 |
|
Charge for the year |
2,710 |
|
At 31 January 2026 |
41,681 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 January 2026 |
8,155 |
|
At 31 January 2025 |
10,865 |
|
|
| 4 |
Debtors |
2026 |
|
2025 |
| £ |
£ |
|
|
Amounts due from members |
|
|
|
|
139,233 |
|
135,521 |
|
Other debtors |
802 |
|
802 |
|
|
|
|
|
|
140,035 |
|
136,323 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2026 |
|
2025 |
| £ |
£ |
|
|
Other creditors |
31,761 |
|
32,361 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Loans and other debts due to members |
2026 |
|
2025 |
| £ |
£ |
|
|
Loans from members |
123,776 |
|
119,525 |
|
|
|
|
|
|
|
|
|
|
Amounts falling due within one year |
123,776 |
|
119,525 |
|
|
|
|
|
|
|
|
|
|
Cornerways (Ringwood) Ltd has loaned the partnership £123,776 which is secured by a floating debenture. No provision has been made for £12,185 of interest which has been deferred subject to future criteria. |
|
|
|
|
| 7 |
Other information |
|
|
The Ibberton LLP is a limited liability partnership incorporated in England. Its registered office is: |
|
Vicarage Farm |
|
Daggons Road |
|
Alderholt, Fordingbridge |
|
Hampshire |
|
SP6 3DN |