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REGISTERED NUMBER: OC398948 (England and Wales)















REPORT OF THE MEMBERS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

DEERVIEW FINE FOODS LLP

DEERVIEW FINE FOODS LLP (REGISTERED NUMBER: OC398948)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

General Information 1

Report of the Members 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 6


DEERVIEW FINE FOODS LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DESIGNATED MEMBERS: M J Colombotti
C Colombotti
L A Colombotti





REGISTERED OFFICE: 20 Havelock Road
Hastings
United Kingdom
East Sussex
TN34 1BP





REGISTERED NUMBER: OC398948 (England and Wales)





ACCOUNTANTS: Ashdown Hurrey
Chartered Accountants & Business Advisers
20 Havelock Road
Hastings
East Sussex
TN34 1BP

DEERVIEW FINE FOODS LLP (REGISTERED NUMBER: OC398948)

REPORT OF THE MEMBERS
FOR THE YEAR ENDED 31 MARCH 2023

The members present their report with the financial statements of the LLP for the year ended 31 March 2023.

PRINCIPAL ACTIVITY
The principal activity of the LLP in the year under review was that of fine food producers.

DESIGNATED MEMBERS
The designated members during the year under review were:

M J Colombotti
C Colombotti
L A Colombotti

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS
The profit for the year before members' remuneration and profit shares was £25,412 (2022 - £30,085 profit).

MEMBERS' INTERESTS
The policies regarding the allocation of profits, drawings and the subscription and repayment of members' capital are disclosed in the accounting policies.

The members' interests are disclosed in the notes of the financial statements.

ON BEHALF OF THE MEMBERS:





M J Colombotti - Designated member


8 November 2023

DEERVIEW FINE FOODS LLP (REGISTERED NUMBER: OC398948)

INCOME STATEMENT
FOR THE YEAR ENDED 31 MARCH 2023

31.3.23 31.3.22
Notes £    £   

TURNOVER 133,954 133,704

Cost of sales (56,542 ) (62,851 )
GROSS PROFIT 77,412 70,853

Administrative expenses (51,160 ) (39,793 )
26,252 31,060

Other operating income - 83
OPERATING PROFIT 4 26,252 31,143


Interest payable and similar expenses (840 ) (1,058 )
PROFIT FOR THE FINANCIAL YEAR
BEFORE MEMBERS' REMUNERATION
AND PROFIT SHARES AVAILABLE FOR
DISCRETIONARY DIVISION AMONG
MEMBERS




25,412




30,085

DEERVIEW FINE FOODS LLP (REGISTERED NUMBER: OC398948)

BALANCE SHEET
31 MARCH 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 14,783 17,824
Tangible assets 6 7,161 9,022
21,944 26,846

CURRENT ASSETS
Stocks 15,000 15,000
Debtors 7 90,680 65,116
105,680 80,116
CREDITORS
Amounts falling due within one year 8 49,711 39,326
NET CURRENT ASSETS 55,969 40,790
TOTAL ASSETS LESS CURRENT
LIABILITIES

77,913

67,636

CREDITORS
Amounts falling due after more than one
year

9

9,262

14,926
NET ASSETS ATTRIBUTABLE TO
MEMBERS

68,651

52,710

LOANS AND OTHER DEBTS DUE TO
MEMBERS

10

68,651

52,710

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 10 68,651 52,710
Amounts due from members 7 (74,885 ) (52,477 )
(6,234 ) 233

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.

DEERVIEW FINE FOODS LLP (REGISTERED NUMBER: OC398948)

BALANCE SHEET - continued
31 MARCH 2023


The financial statements have been prepared in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The financial statements were approved by the members of the LLP and authorised for issue on 8 November 2023 and were signed by:





M J Colombotti - Designated member

DEERVIEW FINE FOODS LLP (REGISTERED NUMBER: OC398948)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Deerview Fine Foods 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.

The directors have made an assessment about the company's ability to continue as a going concern and they do not consider there to be any material uncertainties. As a result they have adopted the going concern basis of accounting.

Turnover
Turnover represents net invoiced sale of goods, excluding value added tax and is recognised at the point that an order is placed.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of ten years.

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.

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 - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% 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.

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.

Capital subscription and repayment
The capital requirements of the partnership are determined from time to time by the Designated Members. No interest is paid on capital. On leaving the partnership, a member's capital is reviewed and repaid as agreed, taking the partnership needs into account.

Allocation of profits and drawings
The allocation of profits to those who were members during the year is made by unanimous vote of the
Designated Members.

During the year partners receive monthly drawings, and, from time to time additional sums as agreed by the
Designated Members, taking into account the partnership's cash requirements for operating and investing
activities.

3. EMPLOYEE INFORMATION

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

DEERVIEW FINE FOODS LLP (REGISTERED NUMBER: OC398948)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

4. OPERATING PROFIT

The operating profit is stated after charging:

31.3.23 31.3.22
£    £   
Depreciation - owned assets 2,636 3,173
Goodwill amortisation 3,041 4,757

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 42,418
AMORTISATION
At 1 April 2022 24,594
Amortisation for year 3,041
At 31 March 2023 27,635
NET BOOK VALUE
At 31 March 2023 14,783
At 31 March 2022 17,824

6. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 April 2022 16,351 129 765 17,245
Additions 775 - - 775
At 31 March 2023 17,126 129 765 18,020
DEPRECIATION
At 1 April 2022 7,643 75 505 8,223
Charge for year 2,370 13 253 2,636
At 31 March 2023 10,013 88 758 10,859
NET BOOK VALUE
At 31 March 2023 7,113 41 7 7,161
At 31 March 2022 8,708 54 260 9,022

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 12,096 9,893
Amounts due from members 74,885 52,477
VAT 2,865 2,746
Prepayments 834 -
90,680 65,116

DEERVIEW FINE FOODS LLP (REGISTERED NUMBER: OC398948)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 14,816 19,749
Trade creditors 6,353 5,333
Other creditors 3,149 3,149
Deferred income 23,493 9,195
Accrued expenses 1,900 1,900
49,711 39,326

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans - 1-2 years 4,125 5,777
Bank loans - 2-5 years 5,137 9,149
9,262 14,926

10. LOANS AND OTHER DEBTS DUE TO MEMBERS

The amounts shown in 'Loans and other debts due to members' would rank after other unsecured creditors in the event of a winding up.