Caseware UK (AP4) 2021.0.152 2021.0.152 112020-10-01falseNo description of principal activity13truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. OC331423 2020-10-01 2021-09-30 OC331423 2019-10-01 2020-09-30 OC331423 2021-09-30 OC331423 2020-09-30 OC331423 c:Buildings 2020-10-01 2021-09-30 OC331423 c:Buildings 2021-09-30 OC331423 c:Buildings 2020-09-30 OC331423 c:Buildings c:OwnedOrFreeholdAssets 2020-10-01 2021-09-30 OC331423 c:Buildings c:LeasedAssetsHeldAsLessee 2020-10-01 2021-09-30 OC331423 c:PlantMachinery 2020-10-01 2021-09-30 OC331423 c:PlantMachinery 2021-09-30 OC331423 c:PlantMachinery 2020-09-30 OC331423 c:PlantMachinery c:OwnedOrFreeholdAssets 2020-10-01 2021-09-30 OC331423 c:PlantMachinery c:LeasedAssetsHeldAsLessee 2020-10-01 2021-09-30 OC331423 c:MotorVehicles 2020-10-01 2021-09-30 OC331423 c:MotorVehicles 2021-09-30 OC331423 c:MotorVehicles 2020-09-30 OC331423 c:MotorVehicles c:OwnedOrFreeholdAssets 2020-10-01 2021-09-30 OC331423 c:MotorVehicles c:LeasedAssetsHeldAsLessee 2020-10-01 2021-09-30 OC331423 c:OwnedOrFreeholdAssets 2020-10-01 2021-09-30 OC331423 c:LeasedAssetsHeldAsLessee 2020-10-01 2021-09-30 OC331423 c:CurrentFinancialInstruments 2021-09-30 OC331423 c:CurrentFinancialInstruments 2020-09-30 OC331423 c:Non-currentFinancialInstruments 2021-09-30 OC331423 c:Non-currentFinancialInstruments 2020-09-30 OC331423 c:CurrentFinancialInstruments c:WithinOneYear 2021-09-30 OC331423 c:CurrentFinancialInstruments c:WithinOneYear 2020-09-30 OC331423 c:Non-currentFinancialInstruments c:AfterOneYear 2021-09-30 OC331423 c:Non-currentFinancialInstruments c:AfterOneYear 2020-09-30 OC331423 c:Non-currentFinancialInstruments c:BetweenTwoFiveYears 2021-09-30 OC331423 c:Non-currentFinancialInstruments c:BetweenTwoFiveYears 2020-09-30 OC331423 d:FRS102 2020-10-01 2021-09-30 OC331423 d:AuditExemptWithAccountantsReport 2020-10-01 2021-09-30 OC331423 d:FullAccounts 2020-10-01 2021-09-30 OC331423 d:LimitedLiabilityPartnershipLLP 2020-10-01 2021-09-30 OC331423 c:HirePurchaseContracts c:WithinOneYear 2021-09-30 OC331423 c:HirePurchaseContracts c:WithinOneYear 2020-09-30 OC331423 c:HirePurchaseContracts c:BetweenOneFiveYears 2021-09-30 OC331423 c:HirePurchaseContracts c:BetweenOneFiveYears 2020-09-30 OC331423 c:HirePurchaseContracts c:MoreThanFiveYears 2021-09-30 OC331423 c:HirePurchaseContracts c:MoreThanFiveYears 2020-09-30 OC331423 c:PlantMachinery c:LeasedAssetsHeldAsLessee 2021-09-30 OC331423 c:PlantMachinery c:LeasedAssetsHeldAsLessee 2020-09-30 OC331423 c:MotorVehicles c:LeasedAssetsHeldAsLessee 2021-09-30 OC331423 c:MotorVehicles c:LeasedAssetsHeldAsLessee 2020-09-30 OC331423 c:LeasedAssetsHeldAsLessee 2021-09-30 OC331423 c:LeasedAssetsHeldAsLessee 2020-09-30 OC331423 d:PartnerLLP3 2020-10-01 2021-09-30 OC331423 c:OtherCapitalInstrumentsClassifiedAsEquity 2021-09-30 OC331423 c:OtherCapitalInstrumentsClassifiedAsEquity 2020-09-30 iso4217:GBP xbrli:pure
Registered number: OC331423














Robert Montgomery LLP




Financial statements
Information for filing with the registrar
for the year ended 30 September 2021



 
Robert Montgomery LLP
 
  
Chartered accountants' report to the members on the preparation of the unaudited statutory financial statements of Robert Montgomery LLP
 for the year ended 30 September 2021

In order to assist you to fulfil your duties under the Companies Act 2006 (as applied 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 Robert Montgomery LLP for the year ended 30 September 2021 which comprise profit and loss account, balance sheet, reconciliation of members' interestsand 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 at https://www.icaew.com/regulation.

This report is made solely to the members in accordance with the terms of our engagement letter dated 5 April 2018Our work has been undertaken solely to prepare for your approval the financial statements of Robert Montgomery LLP  and state those matters that we have agreed to state to the Robert Montgomery LLP's members in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Robert Montgomery LLP and its members for our work or for this report. 

It is your duty to ensure that Robert Montgomery 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 Robert Montgomery LLP. You consider that Robert Montgomery LLP is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Robert Montgomery 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.

  




Chavereys
Faversham
4 August 2022
Page 1


 
Robert Montgomery LLP
Registered number: OC331423

Balance sheet
as at 30 September 2021

2021
2020
Note
£
£

Fixed assets
  

Tangible assets
 4 
2,930,306
2,599,238

  
2,930,306
2,599,238

Current assets
  

Stocks
 5 
16,429
39,199

Debtors: amounts falling due within one year
 6 
723,937
312,694

Bank and cash balances
  
40,529
20,861

  
780,895
372,754

Creditors: Amounts falling due within one year
 7 
(768,006)
(451,524)

Net current assets/(liabilities)
  
 
 
12,889
 
 
(78,770)

Total assets less current liabilities
  
2,943,195
2,520,468

Creditors: amounts falling due after more than one year
 8 
(731,130)
(586,450)

  
2,212,065
1,934,018

  

Net assets
  
2,212,065
1,934,018


Represented by:
  

Loans and other debts due to members within one year
  

Members' other interests
  

Members' capital classified as equity
  
2,212,065
1,934,018

  
 
2,212,065
 
1,934,018

  
2,212,065
1,934,018


Total members' interests
  

Members' other interests
  
2,212,065
1,934,018

  
2,212,065
1,934,018


Page 2


 
Robert Montgomery LLP
Registered number: OC331423

Balance sheet (continued)
as at 30 September 2021

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small LLPs regime.

The entity 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.

The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, with respect to accounting records and the preparation of financial statements.

The financial statements have been delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The entity has opted not to file the statement of comprehensive income in accordance with the provisions applicable to entities subject to the small LLPs regime.

The financial statements were approved and authorised for issue by the members and were signed on their behalf by: 




Archie Montgomery
Designated member

Date: 21 July 2022

The notes on pages 5 to 9 form part of these financial statements.

Robert Montgomery LLP has no equity and, in accordance with the provisions contained within the Statement of Recommended Practice "Accounting by Limited Liability Partnerships", has not presented a statement of changes in equity.

Page 3


 
Robert Montgomery LLP
 

Reconciliation of members' interests
for the year ended 30 September 2021





EQUITY
Members' other interests

Members' capital (classified as equity)
£
Other reserves
£
Total
£

Loss for the year available for discretionary division among members
 
-
(40,796)
(40,796)

Members' interests after profit for the year
1,931,730
(40,796)
1,890,934

Division of profits
(40,796)
40,796
-

Amounts introduced by members
130,204
-
130,204

Repayment of capital
(87,121)
-
(87,121)

Balance at 30 September 2020
1,934,018
-
1,934,018

Profit for the year available for discretionary division among members
 
-
354,817
354,817

Members' interests after profit for the year
1,934,018
354,817
2,288,835

Division of profits
354,817
(354,817)
-

Amounts introduced by members
6,000
-
6,000

Repayment of capital
(82,770)
-
(82,770)

Balance at 30 September 2021 
2,212,065
-
2,212,065

The notes on pages 5 to 9 form part of these financial statements.

There are no existing restrictions or limitations which impact the ability of the members of the LLP to reduce the amount of members' other interests.

Page 4


 
Robert Montgomery LLP
 
 
Notes to the financial statements
for the year ended 30 September 2021

1.


General information

Robert Montgomery LLP is a limited liability partnership, incorporated in England and Wales.
The partnership incorporation number is OC331423, the registered office and trading address is Monkton Road Farm, Seamark Road, Birchington, Kent CT7 0JL.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006 and the requirements of the Statement of Recommended Practice "Accounting by Limited Liability Partnerships".

The financial statements are presented in pound sterling and all values are rounded to the nearest pound (£) except where otherwise indicated.

 
2.2

Revenue recognition

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the LLP and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Solar panels
-
10% reducing balance
Plant and machinery
-
10 - 25% reducing balance
Motor vehicles
-
10 - 20% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.4

Stocks

Consumable stocks in store are stated at their purchase price.  Livestock are valued using the deemed cost method.  Crops in store are valued using the deemed cost method where the cost of production cannot be readily ascertained.

Page 5


 
Robert Montgomery LLP
 

Notes to the financial statements
for the year ended 30 September 2021

2.Accounting policies (continued)

 
2.5

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the profit and loss account in the same period as the related expenditure.

  
2.6

Agricultural support schemes

Payments received under EU agricultural support schemes are recognised as income when the business has met all criteria which entitle it to the payments.
Amounts received under the Basic Payment schemes are recognised on 31 December in the year of claim.
No provision has been made for penalties arising from the failure to comply with 'cross compliance' conditions, as defined by the RPA, except for where notification has been received.

 
2.7

Operating leases: the LLP as lessor

Rental income from operating leases is credited to profit or loss on a straight line basis over the lease term.

 
2.8

Operating leases: the LLP as lessee

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the lease term.

 
2.9

Leased assets: the LLP as lessee

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to profit or loss so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.


3.


Employees

The average monthly number of employees, including directors, during the year was 13 (2020 - 11).

Page 6


 
Robert Montgomery LLP
 
 
Notes to the financial statements
for the year ended 30 September 2021

4.


Tangible fixed assets





Freehold property
Plant and machinery
Motor vehicles
Total

£
£
£
£



Cost or valuation


At 1 October 2020
1,768,979
1,206,633
209,630
3,185,242


Additions
-
633,916
-
633,916


Disposals
-
(181,570)
-
(181,570)



At 30 September 2021

1,768,979
1,658,979
209,630
3,637,588



Depreciation


At 1 October 2020
69,981
453,696
62,327
586,004


Charge for the year on owned assets
2,382
32,145
1,493
36,020


Charge for the year on financed assets
-
166,265
27,668
193,933


Disposals
-
(108,675)
-
(108,675)



At 30 September 2021

72,363
543,431
91,488
707,282



Net book value



At 30 September 2021
1,696,616
1,115,548
118,142
2,930,306



At 30 September 2020
1,698,998
752,937
147,303
2,599,238

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2021
2020
£
£



Plant and machinery
935,256
627,745

Motor vehicles
112,171
139,840

1,047,427
767,585


5.


Stocks

2021
2020
£
£

Crop in store
4,649
29,661

Consumables
4,280
1,738

Livestock
7,500
7,800

16,429
39,199


Page 7


 
Robert Montgomery LLP
 
 
Notes to the financial statements
for the year ended 30 September 2021

6.


Debtors

2021
2020
£
£


Trade debtors
491,973
279,100

Other debtors
124,901
17,173

Prepayments and accrued income
107,063
16,421

723,937
312,694



7.


Creditors: Amounts falling due within one year

2021
2020
£
£

Bank overdrafts
-
36,414

Bank loans
20,279
10,190

Trade creditors
267,386
147,614

Obligations under finance lease and hire purchase contracts
305,218
208,587

Other creditors
37,595
-

Accruals and deferred income
137,528
48,719

768,006
451,524



8.


Creditors: Amounts falling due after more than one year

2021
2020
£
£

Bank loans
234,192
167,058

Net obligations under finance leases and hire purchase contracts
496,939
419,392

731,131
586,450



9.


Loans


Analysis of the maturity of loans is given below:


2021
2020
£
£

Amounts falling due within one year

Bank loans
20,279
10,190


Amounts falling due 2-5 years

Bank loans
234,192
167,058


254,471
177,248


Page 8


 
Robert Montgomery LLP
 
 
Notes to the financial statements
for the year ended 30 September 2021

10.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2021
2020
£
£


Within one year
305,218
201,574

Between 1-5 years
496,939
414,998

Over 5 years
-
3,686

802,157
620,258


Page 9