1 October 2021 false No description of principal activity Taxfiler 2023.10 true OC400775business:LimitedLiabilityPartnershipLLP2021-10-012022-09-30 OC4007752021-09-30 OC4007752021-10-012022-09-30 OC400775business:AuditExemptWithAccountantsReport2021-10-012022-09-30 OC400775business:FullAccounts2021-10-012022-09-30 OC4007752022-09-30 OC400775business:PartnerLLP12021-10-012022-09-30 OC400775business:PartnerLLP22021-10-012022-09-30 OC400775business:RegisteredOffice2021-10-012022-09-30 OC4007752021-09-30 OC400775core:WithinOneYear2022-09-30 OC400775core:WithinOneYear2021-09-30 OC400775core:AfterOneYear2022-09-30 OC400775core:AfterOneYear2021-09-30 OC400775core:RetainedEarningsAccumulatedLosses2022-09-30 OC400775core:RetainedEarningsAccumulatedLosses2021-09-30 OC400775business:SmallEntities2021-10-012022-09-30 OC400775core:PlantMachinery2021-10-012022-09-30 OC400775countries:EnglandWales2021-10-012022-09-30 OC400775core:PlantMachinery2021-09-30 OC400775core:PlantMachinery2022-09-30 OC400775core:WithinOneYear2021-10-012022-09-30 OC4007752020-10-012021-09-30 iso4217:GBP xbrli:pure
Registered No. OC400775 (England and Wales)
Willand Biogas LLP Unaudited accounts for the year ended 30 September 2022
Willand Biogas LLP LLP Information for the year ended 30 September 2022
Designated members
GFLE Topco 11 Ltd
Privilege Investments Ltd
Registered Number
OC400775 (England and Wales)
Registered Office
Cleave Farm Templeton Tiverton Devon EX16 8ER
Accountants
EllamWalker Accountants Ltd Sydeham Farm Rackenford Tiverton Devon EX16 8ER
- 2 -
Willand Biogas LLP Statement of financial position as at 30 September 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
16,498,523 
17,682,417 
Current assets
Inventories
233,920 
225,958 
Debtors
1,063,330 
1,290,075 
Cash at bank and in hand
(20,497)
3,042 
1,276,753 
1,519,075 
Creditors: amounts falling due within one year
(40,962,402)
(36,042,178)
Net current liabilities
(39,685,649)
(34,523,103)
Total assets less current liabilities
(23,187,126)
(16,840,686)
Creditors: amounts falling due after more than one year
- 
(7,580)
Net liabilities attributable to members
(23,187,126)
(16,848,266)
Represented by:
Members' other interests
Other reserves
(23,187,126)
(16,848,266)
(23,187,126)
(16,848,266)
Total members' interests
Members' other interests
(23,187,126)
(16,848,266)
(23,187,126)
(16,848,266)
For the year ending 30 September 2022 the LLP was entitled to exemption under section 477 of the Companies Act 2006 (as applied to LLPs) relating to small LLPs.
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the members on 12 November 2023.
GFLE Topco 11 Ltd Designated member Limited Liability Partnership Registration No. OC400775
- 3 -
Willand Biogas LLP Notes to the Accounts for the year ended 30 September 2022
1
Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships.
Presentation currency
The accounts are presented in £ sterling.
Going concern
The financial statements have been prepared on a going concern basis, which assumes that the company will continue in operation existence for the foreseeable future. The LLP is reliant on the continued support of its members. The members have prepared the financial statements on a going concern basis on the understanding that, although no guarantees are in place, they will continue to provide financial support if it is required. Accordingly, the financial statements do not include adjustments that would result if the support were not forthcoming.
Turnover
Turnover represents amounts chargeable, net of value added tax, in respect of the sale of electricity to customers.
Members' remuneration
Remuneration paid to members under a contract of employment is included as an expense in the profit and loss account. Other fixed amounts paid to members are also included within members' remuneration treated as an expense. Members' shares in the profit or loss for the year are accounted for as an allocation of profits. Unallocated profits and losses are included within 'other reserves'.
Foreign currencies
Transactions in foreign currencies are recorded using the rate of exchange ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated using the rate of exchange ruling at the balance sheet date and the gains or losses on translation are included in the profit and loss account.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
5% - 20% straight line
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
- 4 -
Willand Biogas LLP Notes to the Accounts for the year ended 30 September 2022
Financial instruments
The LLP holds the following financial instruments: - Short term debtors and creditors - Other loans - Cash and bank balances All financial instruments are classified as basic. Financial instruments are recognised when the LLP becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the LLP's obligations are discharged, expire or are cancelled. Except for loans, such instruments are initially measured at transactions price, including transaction cost, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid ro received, after taking account of impairment adjustments. Loans are initially measured at transactions price, including transactions costs, and are subsequently carried at amortised cost using the effective interest method.
2
Statutory information
Willand Biogas LLP is a limited liability partnership, incorporated in England and Wales, registration number OC400775. Its registered office is Cleave Farm, Templeton, Tiverton, Devon, EX16 8ER.
3
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 October 2021
20,926,378 
Additions
60,069 
Disposals
(161,644)
At 30 September 2022
20,824,803 
Depreciation
At 1 October 2021
3,243,961 
Charge for the year
1,082,319 
At 30 September 2022
4,326,280 
Net book value
At 30 September 2022
16,498,523 
At 30 September 2021
17,682,417 
- 5 -
Willand Biogas LLP Notes to the Accounts for the year ended 30 September 2022
4
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Obligations under finance leases and hire purchase contracts
9,715 
20,082 
Trade creditors
1,926,743 
1,758,022 
Other creditors
38,752,057 
33,203,400 
Accruals
273,887 
1,060,674 
40,962,402 
36,042,178 
Other Creditors of £38,752,057 (2021: £33,202,819) is a loan facility provided by Privilege Project Finance Limited. The security provided is as follows: Guarantee by GFLE Topco 11 Limited. Charge over all freehold and leasehold property. Fixed and floating charge over the entity's assets.
5
Creditors: amounts falling due after more than one year
2022 
2021 
£ 
£ 
Obligations under finance leases and hire purchase contracts
- 
7,580 
Loans and other debts due to members rank equally with debts due to other unsecured creditors in the event of a winding up.
7
Average number of employees
During the year the average number of employees was 0 (2021: 0).
- 6 -