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REGISTERED NUMBER: OC361678 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

LEDDRA FARMS LLP

LEDDRA FARMS LLP (REGISTERED NUMBER: OC361678)






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

Accountants' Report 6

LEDDRA FARMS LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DESIGNATED MEMBERS: A L Leddra
T J P Leddra
J L Leddra
J M J Leddra





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





REGISTERED NUMBER: OC361678 (England and Wales)





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

LEDDRA FARMS LLP (REGISTERED NUMBER: OC361678)

BALANCE SHEET
31 MARCH 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 48,940 65,255

CURRENT ASSETS
Stocks 5 209,424 206,888
Debtors 6 81,898 95,146
Cash at bank 7 -
291,329 302,034
CREDITORS
Amounts falling due within one year 7 136,162 187,819
NET CURRENT ASSETS 155,167 114,215
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO MEMBERS 204,107 179,470

LOANS AND OTHER DEBTS DUE TO
MEMBERS

9

204,107

179,470

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 9 204,107 179,470
Amounts due from members 6 (23,614 ) (33,016 )
180,493 146,454

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.

LEDDRA FARMS LLP (REGISTERED NUMBER: OC361678)

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 20 November 2023 and were signed by:




A L Leddra - Designated member




T J P Leddra - Designated member


LEDDRA FARMS LLP (REGISTERED NUMBER: OC361678)

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

1. STATUTORY INFORMATION

Leddra Farms 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 members have made an assessment about the partnerships 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 the sale of livestock, excluding value added tax.

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
Piggery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stock is measured at fair value of the total herd maintained as at the year end in accordance with H M Revenue & Customs guidance HS232 Farm Stock Valuation (2017).

3. EMPLOYEE INFORMATION

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery Piggery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2022
and 31 March 2023 167,062 2,894 11,545 691 182,192
DEPRECIATION
At 1 April 2022 106,362 2,765 7,119 691 116,937
Charge for year 15,176 32 1,107 - 16,315
At 31 March 2023 121,538 2,797 8,226 691 133,252
NET BOOK VALUE
At 31 March 2023 45,524 97 3,319 - 48,940
At 31 March 2022 60,700 129 4,426 - 65,255

LEDDRA FARMS LLP (REGISTERED NUMBER: OC361678)

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

5. STOCKS
31.3.23 31.3.22
£    £   
Stocks 209,424 206,888

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 47,392 59,050
Amounts due from members 23,614 33,016
Social security and other tax 10,022 3,080
Prepayments 870 -
81,898 95,146

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 92,280 102,064
Hire purchase contracts - 11,371
Trade creditors 39,373 71,330
Social security and other taxes 1,034 80
Other creditors 525 574
Accrued expenses 2,950 2,400
136,162 187,819

8. SECURED DEBTS

The following secured debts are included within creditors:

31.3.23 31.3.22
£    £   
Bank overdrafts 92,280 102,064

Barclays Bank plc hold a charge given by the LLP for all monies due or to become due from the LLP to the chargee on any account whatsoever. The charge is a fixed and floating charge over all of the assets present and future as owned by the LLP.

9. LOANS AND OTHER DEBTS DUE TO MEMBERS

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

10. RELATED PARTY DISCLOSURES

During the period the LLP paid rent of £25,000 to T J P Leddra and A L Leddra for the use of the land at Steyning. The business is operated on this land.

In addition, the LLP paid T J P Leddra and A L Leddra £312 for the use of their residence as an office.

ACCOUNTANTS' REPORT TO THE MEMBERS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
LEDDRA FARMS LLP

The following reproduces the text of the report prepared for the members in respect of the LLP's annual unaudited financial statements. In accordance with the Companies Act 2006, the LLP is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Members are not required to be filed with the Registrar of Companies.

In accordance with our terms of engagement we have prepared for your approval the attached financial statements from the business accounting records and from information and explanations you have given to us.

The financial statements have been compiled using the going concern and historical cost basis. It is not intended to achieve full compliance with the provisions of UK Generally Accepted Accounting Principles.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to you, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the financial information and state those matters that we have agreed to state to you in this report in accordance with the guidance of ICAEW as detailed at icaew.com/compilation and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the person to whom this report is addressed for our work or for this report.

You have approved the financial statements for the period described above, and have acknowledged your responsibility for them, for the appropriateness of the financial reporting framework adopted and for providing all information and explanations necessary for their compilation.

We have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.






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


20 November 2023