Caseware UK (AP4) 2022.0.179 2022.0.179 2022-12-312022-12-31true42022-01-01falseThe principal activity of the LLP is organic farming4trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. OC430095 2022-01-01 2022-12-31 OC430095 2021-01-01 2021-12-31 OC430095 2022-12-31 OC430095 2021-12-31 OC430095 c:Buildings 2022-01-01 2022-12-31 OC430095 c:Buildings 2022-12-31 OC430095 c:Buildings 2021-12-31 OC430095 c:Buildings c:OwnedOrFreeholdAssets 2022-01-01 2022-12-31 OC430095 c:PlantMachinery 2022-01-01 2022-12-31 OC430095 c:PlantMachinery 2022-12-31 OC430095 c:PlantMachinery 2021-12-31 OC430095 c:PlantMachinery c:OwnedOrFreeholdAssets 2022-01-01 2022-12-31 OC430095 c:MotorVehicles 2022-01-01 2022-12-31 OC430095 c:MotorVehicles 2022-12-31 OC430095 c:MotorVehicles 2021-12-31 OC430095 c:MotorVehicles c:OwnedOrFreeholdAssets 2022-01-01 2022-12-31 OC430095 c:ComputerEquipment 2022-01-01 2022-12-31 OC430095 c:ComputerEquipment 2022-12-31 OC430095 c:ComputerEquipment 2021-12-31 OC430095 c:ComputerEquipment c:OwnedOrFreeholdAssets 2022-01-01 2022-12-31 OC430095 c:OwnedOrFreeholdAssets 2022-01-01 2022-12-31 OC430095 c:CurrentFinancialInstruments 2022-12-31 OC430095 c:CurrentFinancialInstruments 2021-12-31 OC430095 c:CurrentFinancialInstruments c:WithinOneYear 2022-12-31 OC430095 c:CurrentFinancialInstruments c:WithinOneYear 2021-12-31 OC430095 c:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2022-12-31 OC430095 d:FRS102 2022-01-01 2022-12-31 OC430095 d:AuditExempt-NoAccountantsReport 2022-01-01 2022-12-31 OC430095 d:FullAccounts 2022-01-01 2022-12-31 OC430095 d:LimitedLiabilityPartnershipLLP 2022-01-01 2022-12-31 OC430095 d:PartnerLLP1 2022-01-01 2022-12-31 OC430095 d:PartnerLLP2 2022-01-01 2022-12-31 OC430095 d:PartnerLLP3 2022-01-01 2022-12-31 OC430095 d:PartnerLLP4 2022-01-01 2022-12-31 OC430095 d:PartnerLLP8 2022-01-01 2022-12-31 OC430095 c:FurtherSpecificReserve2ComponentTotalEquity 2022-12-31 OC430095 c:FurtherSpecificReserve2ComponentTotalEquity 2021-12-31 OC430095 c:FurtherSpecificReserve3ComponentTotalEquity 2022-12-31 OC430095 c:FurtherSpecificReserve3ComponentTotalEquity 2021-12-31 iso4217:GBP xbrli:pure

Registered number: OC430095









EASTINGTON ESTATES, LOWER FARM LLP







UNAUDITED

MEMBERS' REPORT AND FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2022

 
EASTINGTON ESTATES, LOWER FARM LLP
 

INFORMATION




Designated Members

G W Bechtolsheimer
L A Tomlinson

Members

F Bechtolsheimer
T A Bechtolsheimer

LLP registered number

OC430095

Registered office

Eastington Estates, Lower Farm LLP
Ampney St. Peter
Cirencester
Gloucestershire
GL7 5SJ

Accountants

Rawlinson & Hunter LLP
Chartered Accountants
Eighth Floor
6 New Street Square
New Fetter Lane
London
EC4A 3AQ


 
EASTINGTON ESTATES, LOWER FARM LLP
 

CONTENTS



Page
Balance Sheet
 
1 - 2
Reconciliation of Members' Interests
 
3
Notes to the Financial Statements
 
4 - 9



 
EASTINGTON ESTATES, LOWER FARM LLP
REGISTERED NUMBER: OC430095

BALANCE SHEET
AS AT 31 DECEMBER 2022

2022
2021
Note
£
£

Fixed assets
  

Tangible assets
 4 
7,104,120
7,073,733

  
7,104,120
7,073,733

Current assets
  

Stocks
 5 
28,363
75,038

Debtors: amounts falling due within one year
 6 
45,307
78,219

Cash at bank and in hand
 7 
24
24

  
73,694
153,281

Creditors: Amounts Falling Due Within One Year
 8 
(16,303)
(18,184)

Net current assets
  
 
 
57,391
 
 
135,097

Total assets less current liabilities
  
7,161,511
7,208,830

  

Net assets
  
7,161,511
7,208,830


Represented by:
  

Loans and other debts due to members within one year
  

Other amounts
 10 
7,446,496
7,187,551

  
7,446,496
7,187,551

Members' other interests
  

Other reserves classified as equity
  
(284,985)
21,279

  
 
(284,985)
 
21,279

  
7,161,511
7,208,830


Total members' interests
  

Loans and other debts due to members
 10 
7,446,496
7,187,551

Members' other interests
  
(284,985)
21,279

  
7,161,511
7,208,830


Page 1

 
EASTINGTON ESTATES, LOWER FARM LLP
REGISTERED NUMBER: OC430095
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2022

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

The entity was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, with respect to accounting records and the preparation of financial statements.

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

The entity has opted not to file the profit and loss account in accordance with the provisions applicable to entities subject to the small LLPs regime.

The financial statements were approved and authorised for issue by the members and were signed on their behalf by: 




G W Bechtolsheimer
Designated member

Date: 16 November 2023

The notes on pages 4 to 9 form part of these financial statements.

Page 2

 
EASTINGTON ESTATES, LOWER FARM LLP
 

RECONCILIATION OF MEMBERS' INTERESTS
FOR THE YEAR ENDED 31 DECEMBER 2022






EQUITY
Members' other interests
DEBT
Loans and other debts due to members less any amounts due from members in debtors
Total members' interests
Other reserves
Total
Other amounts
Total
Total

£
£
£
£
£

Amounts due to members 
7,200,517
7,200,517


Balance at 1 January 2021 
47,582
47,582
7,200,517
7,200,517
7,248,099

Loss for the year available for discretionary division among members
 
(26,303)
(26,303)
-
-
(26,303)

Members' interests after loss for the year
21,279
21,279
7,200,517
7,200,517
7,221,796

Amounts withdrawn by members
-
-
(12,966)
(12,966)
(12,966)

Amounts due to members
7,187,551
7,187,551

Balance at 31 December 2021
21,279
21,279
7,187,551
7,187,551
7,208,830

Loss for the year available for discretionary division among members
 
(306,264)
(306,264)
-
-
(306,264)

Members' interests after loss for the year
(284,985)
(284,985)
7,187,551
7,187,551
6,902,566

Amounts introduced by members
-
-
258,945
258,945
258,945

Amounts due to members
7,446,496
7,446,496

Balance at 31 December 2022 
(284,985)
(284,985)
7,446,496
7,446,496
7,161,511

There are no existing restrictions or limitations which impact the ability of the members of the LLP to reduce the amount of Members' other interests.

Page 3

 
EASTINGTON ESTATES, LOWER FARM LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

1.


General information

Eastington Estates, Lower Farm LLP is a Limited Liability Partnership incorporated in England and Wales with registration number OC430095. The registered office is Eastington Estates Lower Farm LLP, Ampney St. Peter, Cirencester, Gloucestershire, England, GL7 5SJ.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006 and the requirements of the Statement of Recommended Practice "Accounting by Limited Liability Partnerships".

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on a going concern basis which assumes that the LLP
will continue in operational existence for the foreseeable future. Having considered the contingency
plans in place and having reviewed updated cashflow forecasts, the members consider the adoption
of the going concern basis in preparing these financial statements is appropriate.
After reviewing the working capital requirements of the LLP, the members have agreed to provide
such support to the LLP as is necessary for it to meet its liabilities for a period of at least twelve
months from the date of signing of these financial statements.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the LLP and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the LLP has transferred the significant risks and rewards of ownership to the buyer;
the LLP retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the LLP will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Page 4

 
EASTINGTON ESTATES, LOWER FARM LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

2.Accounting policies (continued)

 
2.4

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Profit and Loss Account in the same period as the related expenditure.

 
2.5

Pensions

Defined contribution pension plan

The LLP operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the LLP pays fixed contributions into a separate entity. Once the contributions have been paid the LLP has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the LLP in independently administered funds.

 
2.6

Taxation

In accordance with Section 10 of the Limited Liability Partnership Act 2000, any trade, profession or business carried on by the LLP is treated as though that business were carried on in partnership by its members. Accordingly, any liability to taxation is that of the members themselves and not of the LLP. Thus there is no provision for taxation in these financial statements.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Land is not depreciated. Depreciation on other assets is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Land and Buildings
-
Not depreciated
Plant and machinery
-
25%
reducing balance
Motor vehicles
-
25%
reducing balance
Computer equipment
-
33%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 5

 
EASTINGTON ESTATES, LOWER FARM LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

2.Accounting policies (continued)

 
2.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.12

Financial instruments

The LLP only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including members, during the year was 4 (2021 - 4).

Page 6

 
EASTINGTON ESTATES, LOWER FARM LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

4.


Tangible fixed assets





Land & Buildings
Plant and machinery
Motor vehicles
Computer equipment
Total

£
£
£
£
£



Cost or valuation


At 1 January 2022
7,063,533
10,950
-
-
7,074,483


Additions
-
29,580
10,350
510
40,440



At 31 December 2022

7,063,533
40,530
10,350
510
7,114,923



Depreciation


At 1 January 2022
-
750
-
-
750


Charge for the year on owned assets
-
8,662
1,290
101
10,053



At 31 December 2022

-
9,412
1,290
101
10,803



Net book value



At 31 December 2022
7,063,533
31,118
9,060
409
7,104,120



At 31 December 2021
7,063,533
10,200
-
-
7,073,733


5.


Stocks

2022
2021
£
£

Crops, consumables and livestock
28,363
75,038



6.


Debtors

2022
2021
£
£


Trade debtors
11,241
125

Other debtors
20,890
4,079

Prepayments and accrued income
13,176
74,015

45,307
78,219


Page 7

 
EASTINGTON ESTATES, LOWER FARM LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

7.


Cash and cash equivalents

2022
2021
£
£

Cash at bank and in hand
24
24



8.


Creditors: Amounts falling due within one year

2022
2021
£
£

Trade creditors
6,603
7,254

Other creditors
-
251

Accruals and deferred income
9,700
10,679

16,303
18,184



9.


Financial instruments

2022
£

Financial assets


Financial assets measured at fair value through profit or loss
24




Financial assets measured at fair value through profit or loss comprise of cash at bank and in hand. 

Page 8

 
EASTINGTON ESTATES, LOWER FARM LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

10.


Loans and other debts due to members


2022
2021
£
£



Other amounts due to members
(7,446,496)
(7,187,551)

(7,446,496)
(7,187,551)

Loans and other debts due to members may be further analysed as follows:

2022
2021
£
£



Falling due within one year
(7,446,496)
(7,187,551)

(7,446,496)
(7,187,551)

Loans and other debts due to members rank equally with debts due to ordinary creditors in the event of a winding up.


11.


Pension commitments

The entity operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the entity in an independently administered fund. The pension cost charge represents contributions payable by the entity to the fund and amounted to £940 (2021 - £147) Contributions totalling £NIL (2021 - £251) were payable to the fund at the balance sheet date.

 
Page 9