Half the Story LLP

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: OC448940

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		152,138		32,118

			152,138		32,118
CURRENT ASSETS
Stocks	5	48,267		23,613
Debtors	6	24,025		70,603
Cash at bank and in hand		13,188		11,241

		85,480		105,457
Creditors: Amounts Falling Due Within One Year	7	(26,683 )		(43,680 )

NET CURRENT ASSETS (LIABILITIES)			58,797		61,777

TOTAL ASSETS LESS CURRENT LIABILITIES			210,935		93,895

Creditors: Amounts Falling Due After More Than One Year	8		(613,859 )		(369,603 )

NET LIABILITIES ATTRIBUTABLE TO MEMBERS			(402,924 )		(275,708 )

REPRESENTED BY:
Equity
Members' other interests
Other reserves		(402,924)		(275,708)

			(402,924)		(275,708)

TOTAL MEMBERS' INTEREST
Members' other interests			(402,924)		(275,708)

			(402,924)		(275,708)

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Half the Story LLP

Balance Sheet (continued)

As At 31 March 2026

For the year ending 31 March 2026 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 applicable to LLPs subject to the small LLPs regime.)

The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The LLP has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account.

On behalf of the members

GP Biscuits Ltd

Designated Member

28 October 2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Half the Story LLP is a limited liability partnership, incorporated in England & Wales, registered number OC448940 . The Registered Office is 1 Castle Boulevard, Nottingham, NG7 1FT.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in May 2024 (SORP) and the Companies Act 2006 (as applied to LLPs).

The financial statements are prepared in sterling which is the functional currency of the LLP.

2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

Donations

Donations are recognised when received. No amounts are included in the financial statements for services donated by volunteers.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery

20% reducing balance

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

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Half the Story LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

2.5. Grants received

Grants received for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants received towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.

Grants received towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income, held in creditors: amounts falling due after more than one year and released to the profit and loss account over the useful life of the asset concerned.

All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.

3. Average Number of Employees

Average number of employees, including members with contracts of employment, during the year was: 18 (2025: 18)

4. Tangible Assets

	Plant & Machinery
	£
Cost
As at 1 April 2025	35,595
Additions	144,566
Disposals	(1,200 )

As at 31 March 2026	178,961

Depreciation
As at 1 April 2025	3,477
Provided during the period	23,826
Disposals	(480 )

As at 31 March 2026	26,823

Net Book Value
As at 31 March 2026	152,138

As at 1 April 2025	32,118

5. Stocks

	2026	2025
	£	£
Stock	48,267	23,613

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Half the Story LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

6. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	15,585	45,407
Other debtors	8,440	25,196

	24,025	70,603

7. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	4,870	11,570
Other creditors	19,358	27,960
Taxation and social security	2,455	4,150

	26,683	43,680

8. Creditors: Amounts Falling Due After More Than One Year

	2026	2025
	£	£
Amounts owed to participating interests	490,192	369,603
Other creditors	123,667	-

	613,859	369,603

9. Related Party Transactions

During the year the LLP was charged a total of £61,442 (2025 - £65,546) in management fees from Grace Enterprises Nottingham Limited, a designated member.

During the year, Green Pastures CBS Limited, the ultimate parent company of designated member GP Biscuits Limited, provided net funding totalling £90,000 (2025 - £218,300). In addition, a total of £21,382 (2025 - £12,462) in interest on this funding was charged by Green Pastures CBS Limited and management, staffing, support and marketing costs of £9,207 (2025 - £35,881) were charged to the LLP. As at the year end date a total balance of £490,192 (2025 - £369,603) was owed to Green Pastures CBS Limited.

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