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REGISTERED NUMBER: OC397813 (England and Wales)





UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2023

FOR

FARLEIGH WALLOP ESTATE LLP

FARLEIGH WALLOP ESTATE LLP (REGISTERED NUMBER: OC397813)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023










Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FARLEIGH WALLOP ESTATE LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2023







DESIGNATED MEMBERS: Lord O H R Lymington
R T Mead
M R Peacock





REGISTERED OFFICE: Estate Office
Farleigh Wallop
Basingstoke
Hampshire
RG25 2HT





REGISTERED NUMBER: OC397813 (England and Wales)





ACCOUNTANTS: Martin and Company
25 St Thomas Street
Winchester
Hampshire
SO23 9HJ

FARLEIGH WALLOP ESTATE LLP (REGISTERED NUMBER: OC397813)

BALANCE SHEET
31ST MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9,042,754 7,843,406

CURRENT ASSETS
Stocks 680,551 7,455
Debtors 5 236,647 38,447
Cash at bank and in hand 62,154 78,254
979,352 124,156
CREDITORS
Amounts falling due within one year 6 1,763,261 109,829
NET CURRENT (LIABILITIES)/ASSETS (783,909 ) 14,327
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,258,845

7,857,733

CREDITORS
Amounts falling due after more than one
year

7

116,293

-
NET ASSETS ATTRIBUTABLE TO
MEMBERS

8,142,552

7,857,733

FARLEIGH WALLOP ESTATE LLP (REGISTERED NUMBER: OC397813)

BALANCE SHEET - continued
31ST MARCH 2023

2023 2022
Notes £    £    £    £   
LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

1,831,412

1,546,593

MEMBERS' OTHER INTERESTS
Capital accounts 6,311,140 6,311,140
8,142,552 7,857,733

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 1,831,412 1,546,593
Members' other interests 6,311,140 6,311,140
8,142,552 7,857,733

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 31st 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.

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 31st January 2024 and were signed by:





Lord O H R Lymington - Designated member

FARLEIGH WALLOP ESTATE LLP (REGISTERED NUMBER: OC397813)

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


1. STATUTORY INFORMATION

Farleigh Wallop Estate 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.
Freehold property - not provided
Improvements to property - 10% on cost
Plant and machinery - nil - 10% straight line
Fixtures and fittings - 10-33.33% on cost

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Pension costs and other post-retirement benefits
The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 4 (2022 - 2 ) .

FARLEIGH WALLOP ESTATE LLP (REGISTERED NUMBER: OC397813)

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


4. TANGIBLE FIXED ASSETS
Improvements Fixtures
Freehold to Plant and and
property property machinery fittings Totals
£    £    £    £    £   
COST
At 1st April 2022 6,311,140 1,195,988 53,731 725,232 8,286,091
Additions - 72,664 1,313,700 8,472 1,394,836
Disposals - - (90,000 ) - (90,000 )
At 31st March 2023 6,311,140 1,268,652 1,277,431 733,704 9,590,927
DEPRECIATION
At 1st April 2022 - 60,866 5,208 376,611 442,685
Charge for year - 12,185 40,017 56,286 108,488
Eliminated on disposal - - (3,000 ) - (3,000 )
At 31st March 2023 - 73,051 42,225 432,897 548,173
NET BOOK VALUE
At 31st March 2023 6,311,140 1,195,601 1,235,206 300,807 9,042,754
At 31st March 2022 6,311,140 1,135,122 48,523 348,621 7,843,406

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 31,798 129
Other debtors 204,849 38,318
236,647 38,447

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 116,293 -
Trade creditors 78,548 26,252
Other creditors 1,568,420 83,577
1,763,261 109,829

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 116,293 -

8. LOANS AND OTHER DEBTS DUE TO MEMBERS

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