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REGISTERED NUMBER: OC359201 (England and Wales)













Financial Statements

for the Year Ended 31 March 2023

for

Cleeves Farm Estates LLP

Cleeves Farm Estates LLP (Registered number: OC359201)






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


Cleeves Farm Estates LLP

General Information
for the Year Ended 31 March 2023







DESIGNATED MEMBERS: P J Bartlett
A R Bartlett





REGISTERED OFFICE: The Elm
Church Lane
Chipping Norton
Oxfordshire
OX7 5NS





REGISTERED NUMBER: OC359201 (England and Wales)





ACCOUNTANTS: Strutt & Parker
Coval Hall
Rainsford Road
Chelmsford
Essex
CM1 2QF

Cleeves Farm Estates LLP (Registered number: OC359201)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,959,265 1,933,246
1,959,265 1,933,246

CURRENT ASSETS
Stocks 50,066 51,086
Debtors 6 31,624 22,511
Investments 7 21,000 21,000
Cash at bank 44,642 51,668
147,332 146,265
CREDITORS
Amounts falling due within one year 8 42,693 47,624
NET CURRENT ASSETS 104,639 98,641
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO MEMBERS 2,063,904 2,031,887

LOANS AND OTHER DEBTS DUE TO
MEMBERS

9

2,063,904

2,031,887

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 9 2,063,904 2,031,887

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.

Cleeves Farm Estates LLP (Registered number: OC359201)

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 25 October 2023 and were signed by:





P J Bartlett - Designated member

Cleeves Farm Estates LLP (Registered number: OC359201)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Cleeves Farm Estates 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 the provisions of Section 1A "Small
Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK
and Republic of Ireland" 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Entitlements are being amortised evenly over their estimated useful life of six years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 10% on reducing balance, 5% on reducing balance and not provided
Plant and machinery etc - 20% on reducing balance and 10% on reducing balance

Stocks
Stocks are held at valuation prepared in accordance with the conventions set out in the CAAV/RICS
Stocktaking Guidance Notes.

The valuation has been prepared in accordance with the Inland Revenue Guidance Notes, BEN19,
amended in accordance with ICAEW guidance on Basic Payment treatment for accounting purposes.

Crops in store have been valued on a deemed cost basis, which has been calculated at 75% of market
value.

The value of homesaved seed has been based on the market value of the grain plus the cost of
cleaning, dressing and royalties.

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.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 1 (2022 - 1 ) .

Cleeves Farm Estates LLP (Registered number: OC359201)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2022
and 31 March 2023 36,720
AMORTISATION
At 1 April 2022
and 31 March 2023 36,720
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2022 1,969,964 75,423 2,045,387
Additions 30,007 11,520 41,527
At 31 March 2023 1,999,971 86,943 2,086,914
DEPRECIATION
At 1 April 2022 82,355 29,786 112,141
Charge for year 5,554 9,954 15,508
At 31 March 2023 87,909 39,740 127,649
NET BOOK VALUE
At 31 March 2023 1,912,062 47,203 1,959,265
At 31 March 2022 1,887,609 45,637 1,933,246

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 602 102
Other debtors 31,022 22,409
31,624 22,511

7. CURRENT ASSET INVESTMENTS
2023 2022
£    £   
Investments 21,000 21,000

Cleeves Farm Estates LLP (Registered number: OC359201)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 7,058 25,581
Taxation and social security 100 13
Other creditors 35,535 22,030
42,693 47,624

9. LOANS AND OTHER DEBTS DUE TO MEMBERS

In the event of a winding up the amounts included in "Loans and other debts due to members" will rank
equally with unsecured creditors.

10. CONTROL

The LLP is under the control of the members.