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REGISTERED NUMBER: OC342863 (England and Wales)
















Unaudited Financial Statements for the Year Ended 30 September 2023

for

Takeley Farming LLP

Takeley Farming LLP (Registered number: OC342863)






Contents of the Financial Statements
for the Year Ended 30 September 2023




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Takeley Farming LLP

General Information
for the Year Ended 30 September 2023







DESIGNATED MEMBERS: C J H Philpot
A P T Philpot
S J R Philpot
PJHP Limited





REGISTERED OFFICE: Barleylands Farm
Barleylands Road
Billericay
Essex
CM11 2UD





REGISTERED NUMBER: OC342863 (England and Wales)





ACCOUNTANTS: Hardcastle Burton LLP
Lake House
Market Hill
Royston
Hertfordshire
SG8 9JN

Takeley Farming LLP (Registered number: OC342863)

Balance Sheet
30 September 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 199,950 199,950

CURRENT ASSETS
Debtors 5 13,108 736
Cash at bank 8,086 9,744
21,194 10,480
CREDITORS
Amounts falling due within one year 6 6,136 855
NET CURRENT ASSETS 15,058 9,625
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

215,008

209,575

LOANS AND OTHER DEBTS DUE TO
MEMBERS

7

14,758

9,325

MEMBERS' OTHER INTERESTS
Capital accounts 200,250 200,250
215,008 209,575

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 7 14,758 9,325
Members' other interests 200,250 200,250
215,008 209,575

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 September 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.

Takeley Farming LLP (Registered number: OC342863)

Balance Sheet - continued
30 September 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 13 March 2024 and were signed by:





A P T Philpot - Designated member

Takeley Farming LLP (Registered number: OC342863)

Notes to the Financial Statements
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

Takeley Farming 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

Financial instruments
The company only has basic financial instruments measured at amortised cost, with no financial instruments classified as other or basic instruments measured at fair value.

3. EMPLOYEE INFORMATION

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

4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
At 1 October 2022
and 30 September 2023 199,950
NET BOOK VALUE
At 30 September 2023 199,950
At 30 September 2022 199,950

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade debtors 12,060 -
VAT 1,048 736
13,108 736

Takeley Farming LLP (Registered number: OC342863)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade creditors 6,136 -
Accrued expenses - 855
6,136 855

7. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts to members rank equally along with other creditors.