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REGISTERED NUMBER: OC426010 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Ellergreen Group LLP

Ellergreen Group LLP (Registered number: OC426010)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ellergreen Group LLP

General Information
for the Year Ended 31 March 2023







DESIGNATED MEMBERS: M A J Cropper
Sir J A Cropper
J A Cropper Settlement 3.7.89
J A Cropper 2021 Settlement





REGISTERED OFFICE: Cunswick Hall Farm
Crook
Kendal
Cumbria
LA8 8JS





REGISTERED NUMBER: OC426010 (England and Wales)





ACCOUNTANTS: Stables Thompson & Briscoe Ltd
Chartered Accountants & Business Advisors
Lowther House
Lowther Street
Kendal
LA9 4DX

Ellergreen Group LLP (Registered number: OC426010)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 17,155 24,308
Tangible assets 5 5,686,926 5,737,089
Investments 6 4,634 -
Investment property 7 6,169,995 5,575,642
11,878,710 11,337,039

CURRENT ASSETS
Stocks 48,813 20,026
Debtors 8 3,433,251 2,511,413
Cash at bank and in hand 65,513 75,399
3,547,577 2,606,838
CREDITORS
Amounts falling due within one year 9 1,171,586 222,577
NET CURRENT ASSETS 2,375,991 2,384,261
TOTAL ASSETS LESS CURRENT
LIABILITIES

14,254,701

13,721,300

CREDITORS
Amounts falling due after more than one
year

10

2,797,572

2,825,079
NET ASSETS ATTRIBUTABLE TO
MEMBERS

11,457,129

10,896,221

Ellergreen Group LLP (Registered number: OC426010)

Balance Sheet - continued
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
LOANS AND OTHER DEBTS DUE TO
MEMBERS

-

-

MEMBERS' OTHER INTERESTS
Capital accounts 11,457,129 10,896,221
11,457,129 10,896,221

TOTAL MEMBERS' INTERESTS
Members' other interests 11,457,129 10,896,221
Amounts due from members 8 (2,233,260 ) (2,259,417 )
9,223,869 8,636,804

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 31 March 2023.

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 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 13 October 2023 and were signed by:




Sir J A Cropper - Designated member




M A J Cropper - Designated member


Ellergreen Group LLP (Registered number: OC426010)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Ellergreen Group 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 as modified by the revaluation of certain assets.

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - in accordance with the property
Plant and machinery etc - 20% on cost, 4% on cost and 2% Straight line

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
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 items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 5 (2022 - 7 ) .

Ellergreen Group LLP (Registered number: OC426010)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2022
and 31 March 2023 37,083
AMORTISATION
At 1 April 2022 12,775
Charge for year 7,153
At 31 March 2023 19,928
NET BOOK VALUE
At 31 March 2023 17,155
At 31 March 2022 24,308

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2022 5,361,870 535,584 5,897,454
Additions - 650 650
At 31 March 2023 5,361,870 536,234 5,898,104
DEPRECIATION
At 1 April 2022 68,783 91,582 160,365
Charge for year 19,077 31,736 50,813
At 31 March 2023 87,860 123,318 211,178
NET BOOK VALUE
At 31 March 2023 5,274,010 412,916 5,686,926
At 31 March 2022 5,293,087 444,002 5,737,089

The land and buildings at Cunswick Hall Farm are included as part of the LLP assets with a £nil cost.

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
Additions 4,634
At 31 March 2023 4,634
NET BOOK VALUE
At 31 March 2023 4,634

Ellergreen Group LLP (Registered number: OC426010)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

7. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022 5,575,642
Additions 33,445
Revaluations 560,908
At 31 March 2023 6,169,995
NET BOOK VALUE
At 31 March 2023 6,169,995
At 31 March 2022 5,575,642

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2022 5,575,642
Valuation in 2023 594,353
6,169,995

If investment properties had not been revalued they would have been included at the following historical cost:

31.3.23 31.3.22
£    £   
Cost 1,339,468 1,306,023

Investment properties were valued on an open market basis on 31 March 2023 by the members .

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 134,630 70,224
Other debtors 3,298,621 2,441,189
3,433,251 2,511,413

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 264,171 88,505
Taxation and social security 2,486 4,026
Other creditors 904,929 130,046
1,171,586 222,577

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans 2,797,572 2,825,079

Ellergreen Group LLP (Registered number: OC426010)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.3.23 31.3.22
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 2,797,572 2,825,079