Farnley Estates (No 1) LLP - LLP accounts 24.3

REGISTERED NUMBER: OC398486 (England and Wales)

Report of the Members and

Unaudited Financial Statements for the Year Ended 28 February 2026

for

Farnley Estates (No 1) LLP

Page

General Information

1

Report of the Members

2

Chartered Accountants' Report

3

Profit and Loss Account

4

Balance Sheet

5

Reconciliation of Members' Interests

7

Notes to the Financial Statements

9

DESIGNATED MEMBERS:

Mr T P Sykes

Mr J D Sykes

REGISTERED OFFICE:

Marland House

13 Huddersfield Road

Barnsley

South Yorkshire

S70 2LW

REGISTERED NUMBER:

OC398486 (England and Wales)

ACCOUNTANTS:

Harris & Co Limited

Chartered Accountants

Marland House

13 Huddersfield Road

Barnsley

South Yorkshire

S70 2LW

The members present their report with the financial statements of the LLP for the year ended 29 February 2024.

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:

Mr T P Sykes

Mr J D Sykes

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS

The profit for the year before members' remuneration and profit shares was £25,675 (2025 - £12,751 profit).

MEMBERS' INTERESTS

Members are permitted to make drawings in anticipation of profits which will be allocated to them taking into account the anticipated cash needs of the LLP. Members' capital will be repaid to members on retirement of a member or on cessation of the LLP's business.

ON BEHALF OF THE MEMBERS:

Mr T P Sykes - Designated member

14 October 2026

In order to assist you to fulfil your duties under the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, we have prepared for your approval the financial statements of Farnley Estates (No 1) LLP for the year ended 28 February 2026 which comprise the Profit and Loss Account, Balance Sheet, Reconciliation of Members' Interests and the related notes from the Llp's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the members of Farnley Estates (No 1) LLP, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Farnley Estates (No 1) LLP and state those matters that we have agreed to state to the members of Farnley Estates (No 1) LLP, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Farnley Estates (No 1) LLP and its members, as a body, for our work or for this report.

It is your duty to ensure that Farnley Estates (No 1) LLP has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Farnley Estates (No 1) LLP. You consider that Farnley Estates (No 1) LLP is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Farnley Estates (No 1) LLP. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Harris & Co Limited

Chartered Accountants

Marland House

13 Huddersfield Road

Barnsley

South Yorkshire

S70 2LW

14 October 2026

TURNOVER

10,514

11,065

Administrative expenses

11,768

6,617

(1,254

)

4,448

Other operating income

26,357

-

OPERATING PROFIT

25,103

4,448

Interest receivable and similar income

794

8,303

25,897

12,751

Interest payable and similar expenses

222

-

PROFIT FOR THE FINANCIAL YEAR
BEFORE MEMBERS' REMUNERATION
AND PROFIT SHARES AVAILABLE
FOR DISCRETIONARY DIVISION
AMONG MEMBERS

25,675

12,751

FIXED ASSETS

Tangible assets

5

204,928

CURRENT ASSETS

Debtors

6

1,415

1,242

Cash at bank

55,662

30,177

57,077

31,419

CREDITORS

Amounts falling due within one year

7

2,883

2,900

NET CURRENT ASSETS

54,194

28,519

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO
MEMBERS

259,122

233,447

LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

176,639

150,964

MEMBERS' OTHER INTERESTS

Capital accounts

82,483

259,122

233,447

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

8

176,639

150,964

Members' other interests

82,483

259,122

233,447

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 28 February 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 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 14 October 2026 and were signed by:

Mr T P Sykes - Designated member

EQUITY

Members' other interests

Members'

capital

(classified

Other

as equity)

reserves

Total

£

Balance at 1 March 2025

82,483

-

82,483

Profit for the financial year available for
discretionary division among members

-

25,675

Members' interests after profit for the year

82,483

25,675

108,158

Other divisions of profit

-

(25,675

)

(25,675

)

Balance at 28 February 2026

82,483

-

82,483

DEBT

TOTAL

Loans and other debts due to

MEMBERS'

members less any amounts due

INTERESTS

from members in debtors

Other

amounts

Total

£

Amount due to members

150,964

Amount due from members

-

Balance at 1 March 2025

150,964

233,447

Profit for the financial year available for
discretionary division among members

-

25,675

Members' interests after profit for the year

150,964

259,122

Other divisions of profit

25,675

-

Amount due to members

176,639

Amount due from members

-

Balance at 28 February 2026

176,639

259,122

EQUITY

Members' other interests

Members'

capital

(classified

Other

as equity)

reserves

Total

£

Balance at 1 March 2024

82,483

-

82,483

Profit for the financial year available for
discretionary division among members

-

12,751

Members' interests after profit for the year

82,483

12,751

95,234

Other divisions of profit

-

(12,751

)

(12,751

)

Drawings on account and distributions of profit

-

Balance at 28 February 2025

82,483

-

82,483

DEBT

TOTAL

Loans and other debts due to

MEMBERS'

members less any amounts due

INTERESTS

from members in debtors

Other

amounts

Total

£

Amount due to members

258,213

Amount due from members

-

Balance at 1 March 2024

258,213

340,696

Profit for the financial year available for
discretionary division among members

-

12,751

Members' interests after profit for the year

258,213

353,447

Other divisions of profit

12,751

-

Drawings on account and distributions of profit

(120,000

)

(120,000

)

Amount due to members

150,964

Amount due from members

-

Balance at 28 February 2025

150,964

233,447

1.	STATUTORY INFORMATION

Farnley Estates (No 1) 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 and functional 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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared on a going concern basis under the historical cost convention.

Turnover

Turnover represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets

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

Freehold land - land is not depreciated

4.	EMPLOYEE INFORMATION

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

5.	TANGIBLE FIXED ASSETS

Freehold

land

£

COST

At 1 March 2025

and 28 February 2026

204,928

NET BOOK VALUE

At 28 February 2026

204,928

At 28 February 2025

204,928

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Trade debtors

1,201

Other debtors

214

41

1,415

1,242

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Taxation and social security

883

-

Other creditors

2,000

2,900

2,883

2,900

8.

LOANS AND OTHER DEBTS DUE TO MEMBERS

2026

2025

£

Amounts owed to members in respect of profits

176,639

150,964

Falling due within one year

176,639

150,964

The loans and other debts due to members' (other than members' capital classified as debt) rank equal in relation to other creditors.