REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 1 January 2023 to 31 March 2024 |
for |
T S Arable LLP |
REGISTERED NUMBER: |
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: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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 |
Financial assets | 5 |
CURRENT ASSETS |
Debtors |
Cash at bank |
CREDITORS |
Amounts falling due within one year |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
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 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. |
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 |
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 |
Turnover |
Turnover represents net invoiced contracting work done, excluding value added tax. |
Property, plant and equipment |
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 |
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 |
Additions |
Disposals | ( |
) |
At 31 March 2024 |
DEPRECIATION |
At 1 January 2023 |
Charge for period |
Eliminated on disposal | ( |
) |
At 31 March 2024 |
NET BOOK VALUE |
At 31 March 2024 |
At 31 December 2022 |
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. |