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REGISTERED NUMBER: OC325040 (England and Wales)
















Unaudited Financial Statements

for the Period 1 January 2023 to 31 March 2024

for

T S Arable LLP

T S Arable LLP (Registered number: OC325040)






Contents of the Financial Statements
for the Period 1 January 2023 to 31 March 2024




Page

General Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


T S Arable LLP

General Information
for the Period 1 January 2023 to 31 March 2024







DESIGNATED MEMBERS: Mr W G V Streeter
Mr T A H Streeter
John Tinney & Co Limited





REGISTERED OFFICE: Matching Hall
Matching
Harlow
Essex
CM17 0QZ





REGISTERED NUMBER: OC325040 (England and Wales)





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

T S Arable LLP (Registered number: OC325040)

Abridged Balance Sheet
31 March 2024

31.3.24 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Property, plant and machinery 4 691,221 770,070
Financial assets 5 100 100
691,321 770,170

CURRENT ASSETS
Debtors 292,852 247,521
Cash at bank 38,472 10,577
331,324 258,098
CREDITORS
Amounts falling due within one year 214,104 201,895
NET CURRENT ASSETS 117,220 56,203
TOTAL ASSETS LESS CURRENT
LIABILITIES

808,541

826,373

CREDITORS
Amounts falling due after more than one
year

162,241

252,310
NET ASSETS ATTRIBUTABLE TO
MEMBERS

646,300

574,063

T S Arable LLP (Registered number: OC325040)

Abridged Balance Sheet - continued
31 March 2024

31.3.24 31.12.22
Notes £    £    £    £   
LOANS AND OTHER DEBTS DUE TO
MEMBERS

6

496,300

424,063

MEMBERS' OTHER INTERESTS
Capital accounts 150,000 150,000
646,300 574,063

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 6 496,300 424,063
Members' other interests 150,000 150,000
646,300 574,063

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 period ended 31 March 2024.

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.

All the members have consented to the preparation of an abridged Balance Sheet for the period ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

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 11 June 2024 and were signed by:




Mr W G V Streeter - Designated member




John Tinney & Co Limited - Designated member


T S Arable LLP (Registered number: OC325040)

Notes to the Financial Statements
for the Period 1 January 2023 to 31 March 2024

1. STATUTORY INFORMATION

T S Arable 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 represents net invoiced contracting work done, excluding value added tax.

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant & machinery - 15% and 20% reducing balance
Fixtures & fittings - 3 years straight line
Motor vehicles - 25% reducing balance
Tractors - 20% reducing balance

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 period was 5 (2022 - 5 ) .

T S Arable LLP (Registered number: OC325040)

Notes to the Financial Statements - continued
for the Period 1 January 2023 to 31 March 2024

4. PROPERTY, PLANT AND EQUIPMENT
Totals
£   
COST
At 1 January 2023 1,764,902
Additions 140,865
Disposals (82,225 )
At 31 March 2024 1,823,542
DEPRECIATION
At 1 January 2023 994,832
Charge for period 211,425
Eliminated on disposal (73,936 )
At 31 March 2024 1,132,321
NET BOOK VALUE
At 31 March 2024 691,221
At 31 December 2022 770,070

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 January 2023 772,897
Additions 122,000
At 31 March 2024 894,897
DEPRECIATION
At 1 January 2023 292,680
Charge for period 154,565
At 31 March 2024 447,245
NET BOOK VALUE
At 31 March 2024 447,652
At 31 December 2022 480,217

5. FINANCIAL ASSETS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 January 2023
and 31 March 2024 100
NET BOOK VALUE
At 31 March 2024 100
At 31 December 2022 100

T S Arable LLP (Registered number: OC325040)

Notes to the Financial Statements - continued
for the Period 1 January 2023 to 31 March 2024

5. FINANCIAL ASSETS - continued

Unlisted investments are shares held in a farming co-operative and as such their fair value will not be materially different from their cost.

6. LOANS AND OTHER DEBTS DUE TO MEMBERS
31.3.24 31.12.22
£    £   
Amounts owed to members in respect of profits 496,300 424,063

Falling due within one year 496,300 424,063

Amounts due to Members rank below other creditors who are unsecured in the event of a winding up. There is no protection afforded to any type of creditors.