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REGISTERED NUMBER: OC426369 (England and Wales)











Financial Statements

for the Year Ended 31st December 2023

for

Moss Farm Partnership LLP

Moss Farm Partnership LLP (Registered number: OC426369)

Contents of the Financial Statements
for the Year Ended 31st December 2023










Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Moss Farm Partnership LLP

General Information
for the Year Ended 31st December 2023







DESIGNATED MEMBERS: Mr K Moores
Mr P Lloyd





REGISTERED OFFICE: North Moss Farm
North Moss Lane
Formby
Liverpool
L37 0AQ





REGISTERED NUMBER: OC426369 (England and Wales)





ACCOUNTANTS: Towers + Gornall Ltd
Chartered Certified Accountants
River View
96 High Street
Garstang
Preston
Lancashire
PR3 1WZ

Moss Farm Partnership LLP (Registered number: OC426369)

Balance Sheet
31st December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 25,833 30,833
Tangible assets 5 186,163 212,752
211,996 243,585

CURRENT ASSETS
Stocks 381,995 381,221
Debtors 6 17,547 9,231
Investments 7 - 11,064
Cash at bank and in hand 30,580 26,263
430,122 427,779
CREDITORS
Amounts falling due within one year 8 12,005 25,221
NET CURRENT ASSETS 418,117 402,558
TOTAL ASSETS LESS CURRENT
LIABILITIES

630,113

646,143

CREDITORS
Amounts falling due after more than one
year

9

-

2,575
NET ASSETS ATTRIBUTABLE TO
MEMBERS

630,113

643,568

LOANS AND OTHER DEBTS DUE TO
MEMBERS

10

630,113

643,568

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 10 630,113 643,568

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 December 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.

Moss Farm Partnership LLP (Registered number: OC426369)

Balance Sheet - continued
31st December 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 28th March 2024 and were signed by:





Mr K Moores - Designated member

Moss Farm Partnership LLP (Registered number: OC426369)

Notes to the Financial Statements
for the Year Ended 31st December 2023


1. STATUTORY INFORMATION

Moss Farm Partnership 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.

Occupational rights
Occupational rights, being the amount paid in connection with the acquisition of a business in 2020, is being amortised evenly over its estimated useful life of ten years.

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.

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 cost
Plant and machinery etc - 20% on reducing balance, 15% on reducing balance and 10% 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. INTANGIBLE FIXED ASSETS
Occupational
rights
£   
COST
At 1st January 2023
and 31st December 2023 50,000
AMORTISATION
At 1st January 2023 19,167
Amortisation for year 5,000
At 31st December 2023 24,167
NET BOOK VALUE
At 31st December 2023 25,833
At 31st December 2022 30,833

Moss Farm Partnership LLP (Registered number: OC426369)

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


5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st January 2023 23,357 286,821 310,178
Additions 4,293 - 4,293
At 31st December 2023 27,650 286,821 314,471
DEPRECIATION
At 1st January 2023 6,424 91,002 97,426
Charge for year 2,674 28,208 30,882
At 31st December 2023 9,098 119,210 128,308
NET BOOK VALUE
At 31st December 2023 18,552 167,611 186,163
At 31st December 2022 16,933 195,819 212,752

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 245 1,253
Other debtors 17,302 7,978
17,547 9,231

7. CURRENT ASSET INVESTMENTS
2023 2022
£    £   
SWLF Ltd - 11,064

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 2,576 11,901
Trade creditors 7,329 11,220
Other creditors 2,100 2,100
12,005 25,221

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Hire purchase contracts - 2,575

10. 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.