Common Farm Advisers LLP Filleted Accounts Cover
Common Farm Advisers LLP
Registered No. OC417002
Information for Filing with the Registrar
31 March 2024
Common Farm Advisers LLP Balance Sheet Registrar
at
31 March 2024
Registered No.
OC417002
Notes
2024
2023
£
£
Current assets
Debtors
4
4,500
-
Cash at bank and in hand
36,059
15,833
40,559
15,833
Creditors: Amounts falling due within one year
5
(5,005)
(5,101)
Net current assets
35,554
10,732
Total assets less current liabilities
35,554
10,732
Net assets attributable to members
35,554
10,732
Represented by:
Members' other interests
Other reserves
35,554
10,732
35,554
10,732
35,554
10,732
These accounts have been prepared in accordance with the provisions applicable to LLPs subject to the small LLPs regime.
For the year ended 31 March 2024 the LLP 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) relating to small LLPs.
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the members have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the members on 21 July 2024 and signed on its behalf by:
A.G. Denaro
Designated member
21 July 2024
Common Farm Advisers LLP Notes to the Accounts Registrar
for the year ended 31 March 2024
1
General information
Common Farm Advisers LLP is a limited liability partnership and incorporated in England and Wales.
Its registered number is: OC417002
Its registered office is:
Its trading address is:
Preston Court
Common Farm
Preston-on-Wye
Byford
Hereford
Hereford
HR2 9JU
HR4 7JZ
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 and in accordance with the Statement of Recommended Practice 'Accounting for Limited Liability Partnerships' issued in December 2018.
2
Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other 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.
3
Employees
2024
2023
Number
Number
The average number of persons employed during the year was:
0
0
4
Debtors
2024
2023
£
£
Trade debtors
4,500-
4,500-
5
Creditors:
amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
15-
Accruals and deferred income
4,9905,101
5,0055,101
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