Registered No. OC422682 (England and Wales)
HCM Farm Holdings LLP
Unaudited accounts
for the year ended 31 May 2023
HCM Farm Holdings LLP
LLP Information
for the year ended 31 May 2023
Designated members
Mr Carl Arthur Mirauer
Mrs Hayley Louise Mirauer
Registered Number
OC422682 (England and Wales)
Registered Office
Hazelhurst Farm
Flexford Lane
Sway
Hampshire
SO41 6DN
UK
HCM Farm Holdings LLP
Statement of financial position
as at 31 May 2023
Tangible assets
2,878,003
2,413,804
Cash at bank and in hand
884
236
Creditors: amounts falling due within one year
(923,037)
(984,727)
Net current liabilities
(922,153)
(984,491)
Total assets less current liabilities
1,955,850
1,429,313
Creditors: amounts falling due after more than one year
(1,921,591)
(1,857,937)
Net assets/(liabilities) attributable to members
34,259
(428,624)
Members' capital classified as equity
(192,996)
(192,996)
Revaluation reserve
586,196
-
Other reserves
(358,941)
(235,628)
Members' other interests
34,259
(428,624)
For the year ending 31 May 2023 the LLP was entitled to exemption under section 477 of the Companies Act 2006 (as applied to LLPs) relating to small 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.
These 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.
Approved by the members on 2 October 2023.
Mr Carl Arthur Mirauer
Designated member
Limited Liability Partnership Registration No. OC422682
HCM Farm Holdings LLP
Notes to the Accounts
for the year ended 31 May 2023
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.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% on cost
HCM Farm Holdings LLP is a limited liability partnership, incorporated in England and Wales, registration number OC422682. Its registered office is Hazelhurst Farm, Flexford Lane, Sway, Hampshire, SO41 6DN, UK.
3
Tangible fixed assets
Land & buildings
Plant & machinery
Total
Cost or valuation
At valuation
At cost
At 1 June 2022
2,211,638
609,986
2,821,624
Revaluations
586,196
-
586,196
At 31 May 2023
2,797,834
609,986
3,407,820
At 1 June 2022
-
407,820
407,820
Charge for the year
-
121,997
121,997
At 31 May 2023
-
529,817
529,817
At 31 May 2023
2,797,834
80,169
2,878,003
At 31 May 2022
2,211,638
202,166
2,413,804
The Land & Buildings were professionally revalued in May 2022 by Andrew Forbes (Chartered Surveyors).
4
Creditors: amounts falling due within one year
2023
2022
Other creditors
923,037
984,727
HCM Farm Holdings LLP
Notes to the Accounts
for the year ended 31 May 2023
5
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
1,921,591
1,641,937
A fixed and floating charge in favour of Cumberland Building Society was registered on 14 July 2022. This covers all the property and undertaking of the business.
Loans and other debts due to members rank equally with debts due to other unsecured creditors in the event of a winding up.
7
Average number of employees
During the year the average number of employees was 2 (2022: 2).