Silverfin false 31/03/2023 01/04/2022 31/03/2023 A W Fowler 28/09/2020 Professor L C G Rogers 28/09/2020 25 October 2023 OC433510 2023-03-31 OC433510 bus:Director1 2023-03-31 OC433510 bus:Director2 2023-03-31 OC433510 2022-03-31 OC433510 core:CurrentFinancialInstruments 2023-03-31 OC433510 core:CurrentFinancialInstruments 2022-03-31 OC433510 core:LandBuildings 2022-03-31 OC433510 core:LandBuildings 2023-03-31 OC433510 2022-04-01 2023-03-31 OC433510 bus:FullAccounts 2022-04-01 2023-03-31 OC433510 bus:SmallEntities 2022-04-01 2023-03-31 OC433510 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 OC433510 bus:LimitedLiabilityPartnershipLLP 2022-04-01 2023-03-31 OC433510 bus:Director1 2022-04-01 2023-03-31 OC433510 bus:Director2 2022-04-01 2023-03-31 OC433510 2021-04-01 2022-03-31 iso4217:GBP xbrli:pure

Company No: OC433510 (England and Wales)

ENYS FARMS PARTNERSHIP LLP

Unaudited Financial Statements
For the financial year ended 31 March 2023
Pages for filing with the registrar

ENYS FARMS PARTNERSHIP LLP

Unaudited Financial Statements

For the financial year ended 31 March 2023

Contents

ENYS FARMS PARTNERSHIP LLP

LIMITED LIABILITY PARTNERSHIP INFORMATION

For the financial year ended 31 March 2023
ENYS FARMS PARTNERSHIP LLP

LIMITED LIABILITY PARTNERSHIP INFORMATION (continued)

For the financial year ended 31 March 2023
DESIGNATED MEMBERS A W Fowler
Professor L C G Rogers
REGISTERED OFFICE Goodwood House
Blackbrook Park Avenue
Taunton
TA1 2PX
Somerset
United Kingdom
REGISTERED NUMBER OC433510 (England and Wales)
CHARTERED ACCOUNTANTS Albert Goodman LLP
Goodwood House
Blackbrook Park Avenue
Taunton
Somerset
TA1 2PX
ENYS FARMS PARTNERSHIP LLP

BALANCE SHEET

As at 31 March 2023
ENYS FARMS PARTNERSHIP LLP

BALANCE SHEET (continued)

As at 31 March 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 4 2,088,788 2,088,788
2,088,788 2,088,788
Current assets
Debtors 5 3,012 1,772
Cash at bank and in hand 6 89,992 72,984
93,004 74,756
Creditors: amounts falling due within one year 7 ( 6,169) ( 7,614)
Net current assets 86,835 67,142
Total assets less current liabilities 2,175,623 2,155,930
Net assets attributable to members 2,175,623 2,155,930
Represented by
Loans and other debts due to members within one year
Other amounts 86,473 66,780
86,473 66,780
Members' other interests
Members' capital classified as equity 2,089,150 2,089,150
2,089,150 2,089,150
2,175,623 2,155,930
Total members' interests
Loans and other debts due to members 86,473 66,780
Members' other interests 2,089,150 2,089,150
2,175,623 2,155,930

For the financial year ending 31 March 2023 the LLP 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.

Members' responsibilities:

The financial statements of Enys Farms Partnership LLP (registered number: OC433510) were approved and authorised for issue by the Board of Directors on 25 October 2023. They were signed on its behalf by:

A W Fowler
Designated member
ENYS FARMS PARTNERSHIP LLP

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
ENYS FARMS PARTNERSHIP LLP

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Enys Farms Partnership LLP is a limited liability partnership, incorporated in the United Kingdom under the Limited Liability Partnerships Act 2000 and is registered in England and Wales. The address of the LLP's registered office is Goodwood House, Blackbrook Park Avenue, Taunton, TA1 2PX, Somerset, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Limited Liability Partnerships Act 2000 as applicable to companies subject to the small companies regime and the requirements of the Statement of Recommended Practice Accounting by Limited Liability Partnerships issued in December 2021 (SORP 2022).

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for rent of property and is shown net of VAT and other sales related taxes.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings not depreciated

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

2. Employees

2023 2022
Number Number
The average number of persons employed by the limited liability partnership during the year 0 0

3. Members' remuneration

Profits are shared among the members in accordance with agreed profit sharing arrangements. The average number of members includes both the designated and non-designated members.

2023 2022
Number Number
Average number of members during the financial year 6 6

4. Tangible assets

Land and buildings Total
£ £
Cost
At 01 April 2022 2,088,788 2,088,788
At 31 March 2023 2,088,788 2,088,788
Accumulated depreciation
At 01 April 2022 0 0
At 31 March 2023 0 0
Net book value
At 31 March 2023 2,088,788 2,088,788
At 31 March 2022 2,088,788 2,088,788

5. Debtors

2023 2022
£ £
Trade debtors 643 75
Other debtors 2,369 1,697
3,012 1,772

6. Cash and cash equivalents

2023 2022
£ £
Cash at bank and in hand 89,992 72,984

7. Creditors: amounts falling due within one year

2023 2022
£ £
Trade creditors 0 3,521
Other taxation and social security 500 0
Other creditors 5,669 4,093
6,169 7,614