Caseware UK (AP4) 2023.0.135 2023.0.135 2023-10-312023-10-31false2022-11-01No description of principal activity33truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false OC385269 2022-11-01 2023-10-31 OC385269 2021-11-01 2022-10-31 OC385269 2023-10-31 OC385269 2022-10-31 OC385269 c:Buildings 2022-11-01 2023-10-31 OC385269 c:Buildings 2023-10-31 OC385269 c:Buildings 2022-10-31 OC385269 c:Buildings c:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 OC385269 c:PlantMachinery 2022-11-01 2023-10-31 OC385269 c:PlantMachinery 2023-10-31 OC385269 c:PlantMachinery 2022-10-31 OC385269 c:PlantMachinery c:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 OC385269 c:FurnitureFittings 2022-11-01 2023-10-31 OC385269 c:FurnitureFittings 2023-10-31 OC385269 c:FurnitureFittings 2022-10-31 OC385269 c:FurnitureFittings c:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 OC385269 c:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 OC385269 c:FreeholdInvestmentProperty 2022-11-01 2023-10-31 OC385269 c:FreeholdInvestmentProperty 2023-10-31 OC385269 c:FreeholdInvestmentProperty 2022-10-31 OC385269 c:CurrentFinancialInstruments 2023-10-31 OC385269 c:CurrentFinancialInstruments 2022-10-31 OC385269 c:CurrentFinancialInstruments c:WithinOneYear 2023-10-31 OC385269 c:CurrentFinancialInstruments c:WithinOneYear 2022-10-31 OC385269 d:FRS102 2022-11-01 2023-10-31 OC385269 d:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 OC385269 d:FullAccounts 2022-11-01 2023-10-31 OC385269 d:LimitedLiabilityPartnershipLLP 2022-11-01 2023-10-31 OC385269 5 2022-11-01 2023-10-31 OC385269 d:PartnerLLP1 2022-11-01 2023-10-31 OC385269 d:PartnerLLP2 2022-11-01 2023-10-31 OC385269 c:FurtherSpecificReserve1ComponentTotalEquity 2023-10-31 OC385269 c:FurtherSpecificReserve1ComponentTotalEquity 2022-10-31 OC385269 c:FurtherSpecificReserve3ComponentTotalEquity 2023-10-31 OC385269 c:FurtherSpecificReserve3ComponentTotalEquity 2022-10-31 OC385269 4 2023-10-31 OC385269 4 2022-10-31 OC385269 f:PoundSterling 2022-11-01 2023-10-31 iso4217:GBP xbrli:pure

Registered number: OC385269










HARTSLOCK LLP








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 OCTOBER 2023

 
HARTSLOCK LLP
 

INFORMATION




Designated members

R E Hazell
Mrs F J Hazell

LLP registered number

OC385269

Registered office

Mount Pleasant FarmWhitchurch HillReadingBerkshireRG8 7PD

Accountants

James Cowper KrestonReading Bridge HouseGeorge StreetReadingBerkshireRG1 8LS


 
HARTSLOCK LLP
 

CONTENTS



Page
Balance sheet
1 - 2
Reconciliation of members' interests
3
Notes to the financial statements
4 - 9


 
HARTSLOCK LLP
REGISTERED NUMBER: OC385269

BALANCE SHEET
AS AT 31 OCTOBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 3 
11,176,141
11,236,066

Investments
 4 
670,000
670,000

Investment property
 5 
6,860,602
6,067,545

  
18,706,743
17,973,611

Current assets
  

Stocks
 6 
436,050
423,600

Debtors: amounts falling due within one year
 7 
79,838
67,215

Cash at bank and in hand
 8 
339,513
491,352

  
855,401
982,167

Creditors: Amounts Falling Due Within One Year
 9 
(508,682)
(91,713)

Net current assets
  
 
 
346,719
 
 
890,454

Total assets less current liabilities
  
19,053,462
18,864,065

  

Net assets
  
19,053,462
18,864,065


Represented by:
  

Loans and other debts due to members within one year
  

Members' capital classified as a liability
  
15,912,462
15,723,065

  
15,912,462
15,723,065

Members' other interests
  

Revaluation reserve classified as equity
  
3,141,000
3,141,000

  
 
3,141,000
 
3,141,000

  
19,053,462
18,864,065


Total members' interests
  

Loans and other debts due to members
 10 
15,912,462
15,723,065

Members' other interests
  
3,141,000
3,141,000

  
19,053,462
18,864,065


Page 1

 
HARTSLOCK LLP
REGISTERED NUMBER: OC385269

BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 2023

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small LLPs regime.

The entity was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, with respect to accounting records and the preparation of financial statements.

The financial statements have been delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The entity has opted not to file the statement of comprehensive income in accordance with the provisions applicable to entities subject to the small LLPs regime.

The financial statements were approved and authorised for issue by the members and were signed on their behalf by: 


R E Hazell
Designated member
Date: 24 July 2024

The notes on pages 4 to 9 form part of these financial statements.

Page 2

 
HARTSLOCK LLP
 

RECONCILIATION OF MEMBERS' INTERESTS
FOR THE YEAR ENDED 31 OCTOBER 2023






EQUITY
Members' other interests
DEBT
Loans and other debts due to members less any amounts due from members in debtors
Total members' interests
Revaluation reserve
Other reserves
Total members' other interests
Total

£
£
£
£
£

Amounts due to members 
16,208,844


Balance at 1 November 2021 
3,141,000
(114)
3,140,886
16,208,844
19,349,730

Profit for the year available for discretionary division among members
 
-
152,338
152,338
-
152,338

Members' interests after profit for the year
3,141,000
152,224
3,293,224
16,208,844
19,502,068

Other division of profits
-
(152,224)
(152,224)
152,224
-

Amounts introduced by members
-
-
-
(123,755)
(123,755)

Repayment of capital
-
-
-
(514,248)
(514,248)

Amounts due to members
15,723,065

Balance at 31 October 2022
3,141,000
-
3,141,000
15,723,065
18,864,065

Profit for the year available for discretionary division among members
 
-
189,397
189,397
-
189,397

Members' interests after profit for the year
3,141,000
189,397
3,330,397
15,723,065
19,053,462

Other division of profits
-
(189,397)
(189,397)
189,397
-

Amounts due to members
15,912,462

Balance at 31 October 2023 
3,141,000
-
3,141,000
15,912,462
19,053,462

The notes on pages 4 to 9 form part of these financial statements.

Total members' interests as at 31 October 2023 include accumulated undrawn allocated profits of £2,749,918 (2022: £2,560,522).
There are no existing restrictions or limitations which impact the ability of the members of the LLP to reduce the amount of members' other interests.

Page 3

 
HARTSLOCK LLP
 

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

1.Accounting policies

 
1.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 and the requirements of the Statement of Recommended Practice "Accounting by Limited Liability Partnerships".
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the LLP's accounting policies.
The following principal accounting policies have been applied:

 
1.2

Turnover

Turnover comprises rents receivable and the sale of cattle and crops, exclusive of Value Added Tax.

 
1.3

Pensions

Defined contribution pension plan

The LLP operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the LLP pays fixed contributions into a separate entity. Once the contributions have been paid the LLP has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the LLP in independently administered funds.

 
1.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Freehold property
-
2%
Plant & machinery
-
10%
Fixtures & fittings
-
10%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 
HARTSLOCK LLP
 

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

1.Accounting policies (continued)

 
1.5

Revaluation of tangible fixed assets

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the Balance sheet date.
Revaluation gains and losses are recognised in the Profit and loss account unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

Fair values are determined annually by the members.

 
1.6

Investment properties

Investment properties are included in the financial statements at their fair value in accordance with FRS 102 and are not depreciated. Changes in fair value are recognised in profit or loss.

 
1.7

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Agricultural stock is valued in accordance with BEN 19.

 
1.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
1.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
1.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
1.11

Financial instruments

The LLP only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Page 5

 
HARTSLOCK LLP
 

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

2.


Employees

The average monthly number of employees during the year was as follows:


        2023
        2022
            No.
            No.







Employees
3
3


3.


Tangible fixed assets





Freehold properties
Plant & machinery
Fixtures & fittings
Total

£
£
£
£



Cost or valuation


At 1 November 2022
11,513,573
31,760
41,123
11,586,456



At 31 October 2023

11,513,573
31,760
41,123
11,586,456



Depreciation


At 1 November 2022
321,587
9,821
18,982
350,390


Charge for the year on owned assets
52,714
3,099
4,112
59,925



At 31 October 2023

374,301
12,920
23,094
410,315



Net book value



At 31 October 2023
11,139,272
18,840
18,029
11,176,141



At 31 October 2022
11,191,986
21,939
22,141
11,236,066

Included in freehold property is freehold land at valuation of £8,598,572 (2022 - £8,598,572), (cost £7,779,572 (2022 - £7,779,572)) which is not depreciated.

Cost or valuation at 31 October 2023 is as follows:

Land and buildings
£


At cost
10,169,573
At valuation:

2016 (£1,426,000 less depreciation on revalued assets of £82,000)
1,344,000



11,513,573

Page 6

 
HARTSLOCK LLP
 

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

           3.Tangible fixed assets (continued)

If the land and buildings had not been included at valuation they would have been included under the historical cost convention as follows:

2023
2022
£
£



Cost
10,169,573
10,169,573

Accumulated depreciation
(374,299)
(321,587)

Net book value
9,795,274
9,847,986


4.


Fixed asset investments





Trade investments

£



Cost


At 1 November 2022
670,000






Net book value



At 31 October 2023
670,000



At 31 October 2022
670,000

Page 7

 
HARTSLOCK LLP
 

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

5.


Investment property


Freehold investment property

£



Valuation


At 1 November 2022
6,067,545


Additions at cost
793,057



At 31 October 2023
6,860,602


Comprising


Cost
4,893,608

Revaluation surplus/(deficit):


2016
855,000

2018
860,000

2022
251,994

At 31 October 2023
6,860,602







6.


Stocks

2023
2022
£
£

Stocks
436,050
423,600

436,050
423,600



7.


Debtors

2023
2022
£
£


Other debtors
51,112
41,225

Prepayments
28,726
25,990

79,838
67,215


Page 8

 
HARTSLOCK LLP
 

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

8.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
339,513
491,352

339,513
491,352



9.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
69,601
18,192

Other taxation and social security
-
1,266

Other creditors
435,918
68,084

Accruals and deferred income
3,163
4,171

508,682
91,713



10.


Loans and other debts due to members


2023
2022
£
£



Members' capital treated as debt
(15,912,462)
(15,723,065)

(15,912,462)
(15,723,065)

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




11.


Related party transactions

During the year, Hazell and Jefferies Limited charged staff salaries of £105,597 (2022: £72,137) to the LLP.  At the balance sheet date, the LLP owed £423,650 (2022: £67,284) to Hazell and Jefferies Limited.


12.


Controlling party

The LLP is controlled by R E Hazell.


Page 9