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REGISTERED NUMBER: OC398486 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2023

for

Farnley Estates (No 1) LLP

Farnley Estates (No 1) LLP (Registered number: OC398486)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Farnley Estates (No 1) LLP

General Information
for the Year Ended 28 February 2023







DESIGNATED MEMBERS: Mr T P Sykes
Mr J D Sykes





REGISTERED OFFICE: Marland House
13 Huddersfield Road
Barnsley
South Yorkshire
S70 2LW





REGISTERED NUMBER: OC398486 (England and Wales)





ACCOUNTANTS: Harris & Co Limited
Chartered Accountants
Marland House
13 Huddersfield Road
Barnsley
South Yorkshire
S70 2LW

Farnley Estates (No 1) LLP (Registered number: OC398486)

Balance Sheet
28 February 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 5 206,163 207,483

CURRENT ASSETS
Debtors 6 878,453 251,692
Cash at bank 128,635 24,744
1,007,088 276,436
CREDITORS
Amounts falling due within one year 7 (2,900 ) (20,464 )
NET CURRENT ASSETS 1,004,188 255,972
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

1,210,351

463,455

LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

1,127,868

380,972

MEMBERS' OTHER INTERESTS
Capital accounts 82,483 82,483
1,210,351 463,455

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 1,127,868 380,972
Members' other interests 82,483 82,483
1,210,351 463,455

Farnley Estates (No 1) LLP (Registered number: OC398486)

Balance Sheet - continued
28 February 2023


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 28 February 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 16 November 2023 and were signed by:





Mr T P Sykes - Designated member

Farnley Estates (No 1) LLP (Registered number: OC398486)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Farnley Estates (No 1) LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

The presentation and functional currency of the financial statements is the Pound Sterling (£).

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared on a going concern basis under the historical cost convention.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over is estimated useful life.

Freehold land - land is not depreciated

4. EMPLOYEE INFORMATION

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

5. TANGIBLE FIXED ASSETS
Freehold
land
£   
COST
At 1 March 2022 207,483
Disposals (1,320 )
At 28 February 2023 206,163
NET BOOK VALUE
At 28 February 2023 206,163
At 28 February 2022 207,483

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,201 81,505
Other debtors 877,252 170,187
878,453 251,692

Farnley Estates (No 1) LLP (Registered number: OC398486)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors - 13,678
Other creditors 2,900 6,786
2,900 20,464

8. LOANS AND OTHER DEBTS DUE TO MEMBERS
2023 2022
£    £   
Amounts owed to members in respect of profits 1,127,868 380,972

Falling due within one year 1,127,868 380,972

The loans and other debts due to members' (other than members' capital classified as debt) rank equal in relation to other creditors.