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REGISTERED NUMBER: OC338571 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

CAYTHORPE FARMERS LLP

CAYTHORPE FARMERS LLP (REGISTERED NUMBER: OC338571)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023




Page

General Information 1

Statement of Financial Position 2 to 3

Notes to the Financial Statements 4 to 5


CAYTHORPE FARMERS LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DESIGNATED MEMBERS: T R Ward
J J Ward
S R Dowse



REGISTERED OFFICE: Mill Farm
Caythorpe Heath
Grantham
Lincolnshire
NG32 3EZ



REGISTERED NUMBER: OC338571 (England and Wales)



ACCOUNTANTS: Duncan & Toplis Limited
3 Castlegate
Grantham
Lincolnshire
NG31 6SF



BANKERS: Virgin Money
94-96 Briggate
Leeds
West Yorkshire
LS1 6NP

CAYTHORPE FARMERS LLP (REGISTERED NUMBER: OC338571)

STATEMENT OF FINANCIAL POSITION
30 JUNE 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 222,929 152,549

CURRENT ASSETS
Stocks 26,565 19,335
Debtors 5 662,228 420,380
Cash at bank 50,932 27,032
739,725 466,747
CREDITORS
Amounts falling due within one year 6 647,188 307,525
NET CURRENT ASSETS 92,537 159,222
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO MEMBERS 315,466 311,771

LOANS AND OTHER DEBTS DUE TO MEMBERS 7 57,466 53,771

MEMBERS' OTHER INTERESTS
Capital accounts 258,000 258,000
315,466 311,771

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 7 57,466 53,771
Members' other interests 258,000 258,000
Amounts due from members 5 - (20,700 )
315,466 291,071

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 30 June 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.

CAYTHORPE FARMERS LLP (REGISTERED NUMBER: OC338571)

STATEMENT OF FINANCIAL POSITION - continued
30 JUNE 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 12 January 2024 and were signed by:




J J Ward - Designated member




T R Ward - Designated member


CAYTHORPE FARMERS LLP (REGISTERED NUMBER: OC338571)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1. STATUTORY INFORMATION

Caythorpe Farmers 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 currency of the financial statements is the Pound Sterling (£).


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 represents the fair value of net invoiced sales of produce, excluding value added tax. Sales of produce are recognised on despatch.

Tangible fixed assets
Tangible fixed assets are held at cost less accumulated depreciation. Depreciation is calculated to agree with capital allowances for taxation purposes.

Stocks
Stocks are valued at the lower of cost and fair value less costs to sell, after making due allowances for obsolete and slow moving items.

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 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2022 683,658
Additions 115,081
Disposals (82,963 )
At 30 June 2023 715,776
DEPRECIATION
At 1 July 2022 531,109
Charge for year 38,031
Eliminated on disposal (76,293 )
At 30 June 2023 492,847
NET BOOK VALUE
At 30 June 2023 222,929
At 30 June 2022 152,549

CAYTHORPE FARMERS LLP (REGISTERED NUMBER: OC338571)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 367,982 177,773
Amounts due from members - 20,700
Other debtors 294,125 221,679
Prepayments 121 228
662,228 420,380

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 643,995 304,302
Other creditors - 300
Accrued expenses 3,193 2,923
647,188 307,525

7. LOANS AND OTHER DEBTS DUE TO MEMBERS
2023 2022
£    £   
Amounts owed to members in respect of profits 57,466 53,771

Falling due within one year 57,466 53,771

Loans and other debts due to members will rank equally with unsecured creditors in the event of the LLP being wound up. No additional protection is afforded to unsecured creditors.