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REGISTERED NUMBER: OC411702 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2023

for

Oakchurch Farm Shop LLP

Oakchurch Farm Shop LLP (Registered number: OC411702)

Contents of the Financial Statements
for the year ended 30 April 2023










Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Oakchurch Farm Shop LLP

General Information
for the year ended 30 April 2023







Designated members: N E Price
Mrs R A Price





Registered office: Staunton On Wye
Herefordshire
HR4 7NH





Registered number: OC411702 (England and Wales)





Accountants: Acre Accountancy Limited
Unit 2 Foley Works
Foley Industrial Estate
Hereford
Herefordshire
HR1 2SF

Oakchurch Farm Shop LLP (Registered number: OC411702)

Balance Sheet
30 April 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 175,241 152,184

CURRENT ASSETS
Stocks 579,298 631,800
Debtors 5 17,792 17,448
Cash at bank and in hand 55,203 194,830
652,293 844,078
CREDITORS
Amounts falling due within one year 6 (403,992 ) (547,247 )
NET CURRENT ASSETS 248,301 296,831
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

423,542

449,015

LOANS AND OTHER DEBTS DUE TO
MEMBERS

423,542

449,015

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 423,542 449,015

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 April 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.

Oakchurch Farm Shop LLP (Registered number: OC411702)

Balance Sheet - continued
30 April 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 7 November 2023 and were signed by:




Mrs R A Price - Designated member




N E Price - Designated member


Oakchurch Farm Shop LLP (Registered number: OC411702)

Notes to the Financial Statements
for the year ended 30 April 2023


1. STATUTORY INFORMATION

Oakchurch Farm Shop 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.
Plant and machinery etc - 33% on cost, 25% on cost, 15% on reducing balance and 15% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Oakchurch Farm Shop LLP (Registered number: OC411702)

Notes to the Financial Statements - continued
for the year ended 30 April 2023


2. ACCOUNTING POLICIES - continued

Members' participation rights
Members' participation rights are the rights of a member against the LLP that arise under the members' agreement (for example, in respect of amounts subscribed or otherwise contributed, remuneration and profits).

Members' participation rights in the earnings or assets of the LLP are analysed between those that are, from the LLP's perspective, either a financial liability or equity, in accordance with FRS 25 (IAS 32) Financial Instruments: Disclosure and Presentation and UITF abstract 39 Members' shares in co-operative entities and similar instruments. A member's participation rights results in a liability unless the right to any payment is discretionary on the part of the LLP.

Amounts subscribed or otherwise contributed by members, for example members' capital, are classed as equity if the LLP has an unconditional right to refuse payment to members. If the LLP does not have such an unconditional right, such amounts are classified as liabilities.

Where profits are automatically divided as they arise, so the LLP does not have an unconditional right to refuse payment, the amounts arising that are due to members are in the nature of liabilities. They are therefore treated as an expense in the Profit and Loss Account in the relevant year. To the extent that they remain unpaid at the year end, they are shown as liabilities in the Balance Sheet.

Conversely, where profits are divided only after a decision by the LLP or its representative, so that the LLP has an unconditional right to refuse payment, such profits are classed as an appropriation of equity rather than as an expense. They are therefore shown as a residual amount available for discretionary division among members in the Profit and Loss Account and are equity appropriations in the Balance Sheet.

Other amounts applied to members, for example remuneration paid under an employment contract and interest on capital balances, are treated in the same way as all other divisions of profits, as described above, according to whether the LLP has, in each case, an unconditional right to refuse payment.

All amounts due to members that are classified as liabilities are presented in the Balance Sheet within 'Loans and other debts due to members' and are charged to the Profit and Loss Account within 'Members' remuneration charged as an expense'. Amounts due to members that are classified as equity are shown in the Balance Sheet within 'Members' other interests'.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 48 (2022 - 49 ) .

Oakchurch Farm Shop LLP (Registered number: OC411702)

Notes to the Financial Statements - continued
for the year ended 30 April 2023


4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
Cost
At 1 May 2022 - 197,354 15,532
Additions 21,490 31,579 297
At 30 April 2023 21,490 228,933 15,829
Depreciation
At 1 May 2022 - 51,771 9,902
Charge for year 269 30,157 1,755
At 30 April 2023 269 81,928 11,657
Net book value
At 30 April 2023 21,221 147,005 4,172
At 30 April 2022 - 145,583 5,630

Motor Computer
vehicles equipment Totals
£    £    £   
Cost
At 1 May 2022 37,782 3,237 253,905
Additions - 3,052 56,418
At 30 April 2023 37,782 6,289 310,323
Depreciation
At 1 May 2022 37,780 2,268 101,721
Charge for year - 1,180 33,361
At 30 April 2023 37,780 3,448 135,082
Net book value
At 30 April 2023 2 2,841 175,241
At 30 April 2022 2 969 152,184

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 6,348 2,642
Other debtors 11,444 14,806
17,792 17,448

Oakchurch Farm Shop LLP (Registered number: OC411702)

Notes to the Financial Statements - continued
for the year ended 30 April 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 291,144 412,473
Taxation and social security 17,385 17,110
Other creditors 95,463 117,664
403,992 547,247