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REGISTERED NUMBER: OC440152 (England and Wales)










Financial Statements

for the Year Ended 31 March 2023

for

The Cabbage CO-OP Partnership LLP

The Cabbage CO-OP Partnership LLP (Registered number: OC440152)






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


The Cabbage CO-OP Partnership LLP

General Information
for the Year Ended 31 March 2023







DESIGNATED MEMBERS: R Samways
Mrs L K Samways
The Cabbage CO-OP Limited





REGISTERED OFFICE: 113 Archery Grove
Woolston
Southampton
Hampshire
SO19 9ET





REGISTERED NUMBER: OC440152 (England and Wales)





ACCOUNTANTS: SKS Bailey Group Limited
Suite 4, 10/12 The Grove,
Ilkley
West Yorkshire
LS29 9EG

The Cabbage CO-OP Partnership LLP (Registered number: OC440152)

Balance Sheet
31 March 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 2,156 2,875
Investment property 5 1,560,000 1,585,000
1,562,156 1,587,875

CURRENT ASSETS
Debtors 6 2,543 -

CREDITORS
Amounts falling due within one year 7 (1,199 ) (2,100 )
NET CURRENT ASSETS/(LIABILITIES) 1,344 (2,100 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,563,500

1,585,775

CREDITORS
Amounts falling due after more than one year 8 (565,074 ) (559,849 )
NET ASSETS ATTRIBUTABLE TO
MEMBERS

998,426

1,025,926

LOANS AND OTHER DEBTS DUE TO
MEMBERS

10

998,426

1,025,926

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 10 998,426 1,025,926

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 Cabbage CO-OP Partnership LLP (Registered number: OC440152)

Balance Sheet - continued
31 March 2023


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 19 October 2023 and were signed by:





Mrs L K Samways - Designated member

The Cabbage CO-OP Partnership LLP (Registered number: OC440152)

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

1. STATUTORY INFORMATION

The Cabbage CO-OP 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 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.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

3. EMPLOYEE INFORMATION

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 April 2022
and 31 March 2023 3,000
DEPRECIATION
At 1 April 2022 125
Charge for year 719
At 31 March 2023 844
NET BOOK VALUE
At 31 March 2023 2,156
At 31 March 2022 2,875

The Cabbage CO-OP Partnership LLP (Registered number: OC440152)

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

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022 1,585,000
Revaluations (25,000 )
At 31 March 2023 1,560,000
NET BOOK VALUE
At 31 March 2023 1,560,000
At 31 March 2022 1,585,000

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2023 (25,000 )
Cost 1,585,000
1,560,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Prepayments 2,543 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Accruals and deferred income 1,199 2,100

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans (see note 9) 565,074 559,849

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 565,074 559,849

The Cabbage CO-OP Partnership LLP (Registered number: OC440152)

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

9. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due in more than five years:
Repayable by instalments
Bank loans more 5 yr by instal 565,074 559,849

10. LOANS AND OTHER DEBTS DUE TO MEMBERS

Members rank ahead of other creditors in a liquidation.