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REGISTERED NUMBER: OC385047 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

WEST STREET VINEYARD LLP

WEST STREET VINEYARD LLP (REGISTERED NUMBER: OC385047)






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


WEST STREET VINEYARD LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DESIGNATED MEMBERS: S Mohan
Mrs J Mohan





REGISTERED OFFICE: The Maltings
Rosemary Lane
Halstead
Essex
CO9 1HZ





REGISTERED NUMBER: OC385047 (England and Wales)





ACCOUNTANTS: RE Group Accountants Limited
Chartered Certified Accountants
The Maltings
Rosemary Lane
Halstead
Essex
CO9 1HZ

WEST STREET VINEYARD LLP (REGISTERED NUMBER: OC385047)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,847,117 1,824,562

CURRENT ASSETS
Stocks - 8,729
Debtors 5 29,943 80,541
Cash at bank 7,841 12,896
37,784 102,166
CREDITORS
Amounts falling due within one year 6 11,057 34,495
NET CURRENT ASSETS 26,727 67,671
TOTAL ASSETS LESS CURRENT LIABILITIES 1,873,844 1,892,233

CREDITORS
Amounts falling due after more than one
year

7

34,723

40,279
NET ASSETS ATTRIBUTABLE TO MEMBERS 1,839,121 1,851,954

LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

1,839,121

1,851,954

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 1,839,121 1,851,954

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.

WEST STREET VINEYARD LLP (REGISTERED NUMBER: OC385047)

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 23 December 2023 and were signed by:





S Mohan - Designated member

WEST STREET VINEYARD LLP (REGISTERED NUMBER: OC385047)

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

1. STATUTORY INFORMATION

West Street Vineyard 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.

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

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 - 2% on cost and no depreciation charged on land
Plant and machinery etc - 33% on cost, 25% on reducing balance and 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3. EMPLOYEE INFORMATION

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2022 2,159,932 110,637 2,270,569
Additions - 66,254 66,254
At 31 March 2023 2,159,932 176,891 2,336,823
DEPRECIATION
At 1 April 2022 353,256 92,751 446,007
Charge for year 39,528 4,171 43,699
At 31 March 2023 392,784 96,922 489,706
NET BOOK VALUE
At 31 March 2023 1,767,148 79,969 1,847,117
At 31 March 2022 1,806,676 17,886 1,824,562

Included in cost of land and buildings is freehold land of £ 183,662 (2022 - £ 183,662 ) which is not depreciated.

WEST STREET VINEYARD LLP (REGISTERED NUMBER: OC385047)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 29,943 80,541

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 5,556 5,556
Trade creditors 501 18,018
Other creditors 5,000 10,921
11,057 34,495

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 34,723 40,279

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 12,500 18,056

8. LOANS AND OTHER DEBTS DUE TO MEMBERS
2023 2022
£    £   
Amounts owed to members in respect of profits 1,839,121 1,851,954

Falling due within one year 1,839,121 1,851,954

There is no debt other than member's capital classed as debt.