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REGISTERED NUMBER: OC347421 (England and Wales)








Unaudited Financial Statements

for the Year Ended 30 September 2021

for

Langtons Farm Partnership LLP

Langtons Farm Partnership LLP (Registered number: OC347421)






Contents of the Financial Statements
for the Year Ended 30 September 2021




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Langtons Farm Partnership LLP

General Information
for the Year Ended 30 September 2021







DESIGNATED MEMBERS: R J Pearson
N Pearson O.B.E





REGISTERED OFFICE: Old Tannery
Ladywell Lane
Alresford
Hampshire
SO24 9DF





REGISTERED NUMBER: OC347421 (England and Wales)





ACCOUNTANTS: Behegan Lynes
Accountancy & Taxation Advisers
Bank Chambers
Brook Street
Bishops Waltham
Hampshire
SO32 1AX

Langtons Farm Partnership LLP (Registered number: OC347421)

Balance Sheet
30 September 2021

30.9.21 30.9.20
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 160,000

CURRENT ASSETS
Debtors 5 59,580 18,359
Cash at bank 63,855 25,433
123,435 43,792
CREDITORS
Amounts falling due within one year 6 27,215 15,120
NET CURRENT ASSETS 96,220 28,672
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

96,220

188,672

LOANS AND OTHER DEBTS DUE TO
MEMBERS

7

96,220

188,672

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 7 96,220 188,672

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 30 September 2021.

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.

Langtons Farm Partnership LLP (Registered number: OC347421)

Balance Sheet - continued
30 September 2021


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 20 August 2022 and were signed by:




A R Pearson - Designated member




N Pearson O.B.E - Designated member


Langtons Farm Partnership LLP (Registered number: OC347421)

Notes to the Financial Statements
for the Year Ended 30 September 2021

1. STATUTORY INFORMATION

Langtons Farm 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.

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.

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

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

Financial instruments
The limited liability partnership only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Debtors
Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors
Short term creditors are measured at the transaction price.

Employee benefits
Short term employee benefits, including holiday pay and other similar non monetary benefits, are recognised as an expense in the period in which they are incurred.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 1 (2020 - 1 ) .

Langtons Farm Partnership LLP (Registered number: OC347421)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2021

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1 October 2020 160,000
Disposals (160,000 )
At 30 September 2021 -
NET BOOK VALUE
At 30 September 2021 -
At 30 September 2020 160,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.21 30.9.20
£    £   
Other debtors 59,580 18,359

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.21 30.9.20
£    £   
Bank loans and overdrafts - 7,250
Trade creditors - 2,512
Taxation and social security 9,945 -
Other creditors 17,270 5,358
27,215 15,120

7. LOANS AND OTHER DEBTS DUE TO MEMBERS
30.9.21 30.9.20
£    £   
Amounts owed to members in respect of profits 96,220 188,672

Falling due within one year 96,220 188,672

Unsecured debt due to members will rank equally with debts due to other unsecured creditors in the event of a winding up.