Caseware UK (AP4) 2023.0.135 2023.0.135 2023-07-292023-07-29trueNo description of principal activity2022-07-30false1212falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false OC306220 2022-07-29 OC306220 2022-07-30 2023-07-29 OC306220 2021-08-01 2022-07-31 OC306220 2023-07-29 OC306220 2022-07-31 OC306220 c:PlantMachinery 2022-07-30 2023-07-29 OC306220 c:PlantMachinery 2023-07-29 OC306220 c:PlantMachinery 2022-07-31 OC306220 c:PlantMachinery c:OwnedOrFreeholdAssets 2022-07-30 2023-07-29 OC306220 c:OtherPropertyPlantEquipment 2022-07-30 2023-07-29 OC306220 c:OtherPropertyPlantEquipment 2023-07-29 OC306220 c:OtherPropertyPlantEquipment 2022-07-31 OC306220 c:OtherPropertyPlantEquipment c:OwnedOrFreeholdAssets 2022-07-30 2023-07-29 OC306220 c:OwnedOrFreeholdAssets 2022-07-30 2023-07-29 OC306220 c:CurrentFinancialInstruments 2023-07-29 OC306220 c:CurrentFinancialInstruments 2022-07-31 OC306220 c:Non-currentFinancialInstruments 2023-07-29 OC306220 c:Non-currentFinancialInstruments 2022-07-31 OC306220 c:CurrentFinancialInstruments c:WithinOneYear 2023-07-29 OC306220 c:CurrentFinancialInstruments c:WithinOneYear 2022-07-31 OC306220 c:Non-currentFinancialInstruments c:AfterOneYear 2023-07-29 OC306220 c:Non-currentFinancialInstruments c:AfterOneYear 2022-07-31 OC306220 d:FRS102 2022-07-30 2023-07-29 OC306220 d:AuditExempt-NoAccountantsReport 2022-07-30 2023-07-29 OC306220 d:FullAccounts 2022-07-30 2023-07-29 OC306220 d:LimitedLiabilityPartnershipLLP 2022-07-30 2023-07-29 OC306220 c:PlantMachinery c:LeasedAssetsHeldAsLessee 2023-07-29 OC306220 c:PlantMachinery c:LeasedAssetsHeldAsLessee 2022-07-31 OC306220 c:LeasedAssetsHeldAsLessee 2023-07-29 OC306220 c:LeasedAssetsHeldAsLessee 2022-07-31 OC306220 d:PartnerLLP1 2022-07-30 2023-07-29 OC306220 c:OtherCapitalInstrumentsClassifiedAsEquity 2023-07-29 OC306220 c:OtherCapitalInstrumentsClassifiedAsEquity 2022-07-31 OC306220 c:FurtherSpecificReserve3ComponentTotalEquity 2023-07-29 OC306220 c:FurtherSpecificReserve3ComponentTotalEquity 2022-07-31 OC306220 e:PoundSterling 2022-07-30 2023-07-29 iso4217:GBP xbrli:pure

Registered number: OC306220









HARPER PIGS LLP







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 29 JULY 2023

 
HARPER PIGS LLP
REGISTERED NUMBER: OC306220

STATEMENT OF FINANCIAL POSITION
AS AT 29 JULY 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,210,380
1,335,092

  
1,210,380
1,335,092

Current assets
  

Stocks
 5 
27,967
18,081

Debtors: amounts falling due within one year
 6 
89,924
572,782

Cash at bank and in hand
  
239,697
181,535

  
357,588
772,398

Creditors: Amounts Falling Due Within One Year
 7 
(802,225)
(745,873)

Net current (liabilities)/assets
  
 
 
(444,637)
 
 
26,525

Total assets less current liabilities
  
765,743
1,361,617

Creditors: amounts falling due after more than one year
 8 
(186,931)
(421,578)

  
578,812
940,039

  

Net assets
  
578,812
940,039


Represented by:
  

Loans and other debts due to members within one year
  

Members' capital classified as a liability
  
378,812
740,039

  
378,812
740,039

Members' other interests
  

Members' capital classified as equity
  
200,000
200,000

  
 
200,000
 
200,000

  
578,812
940,039


Total members' interests
  

Loans and other debts due to members
  
378,812
740,039

Members' other interests
  
200,000
200,000

  
578,812
940,039


Page 1

 
HARPER PIGS LLP
REGISTERED NUMBER: OC306220
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 29 JULY 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 on 26 July 2024.




................................................
Mr S Hart
Designated member

The notes on pages 4 to 8 form part of these financial statements.

Harper Pigs LLP has no equity and, in accordance with the provisions contained within the Statement of Recommended Practice "Accounting by Limited Liability Partnerships", has not presented a Statement of changes in equity.

Page 2

 
HARPER PIGS LLP
 

RECONCILIATION OF MEMBERS' INTERESTS
FOR THE PERIOD ENDED 29 JULY 2023






EQUITY
Members' other interests
DEBT
Loans and other debts due to members less any amounts due from members in debtors
Total members' interests
Members' capital (classified as equity)
Total
Members' capital (classified as debt)
Total
Total

£
£
£
£
£

Members' interests after profit for the Period
200,000
200,000
798,449
798,449
998,449

Other division of profits
-
-
370,606
370,606
370,606

Repayment of capital
-
-
(429,016)
(429,016)
(429,016)

Amounts due to members
740,039
740,039

Balance at 29 July 2022
200,000
200,000
346,645
346,645
546,645

Members' interests after profit for the Period
200,000
200,000
346,645
346,645
546,645

Other division of profits
-
-
167,616
167,616
167,616

Repayment of capital
-
-
(135,449)
(135,449)
(135,449)

Amounts due to members
378,812
378,812

Balance at 29 July 2023 
200,000
200,000
378,812
378,812
578,812

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

 
HARPER PIGS LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 JULY 2023

1.


General information

Harper Pigs LLP is a limited liability partnership registered in England and Wales. 
The principal activity of the entity is pig farming.
The registered office address is Snowre Hall Main Road, Fordham, Downham Market, PE38 0LN.

2.Accounting policies

 
2.1

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 the Republic of Ireland and the Companies Act 2006 and the requirements of the Statement of Recommended Practice "Accounting by Limited Liability Partnerships".

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that the partnership obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales tax or duty.

 
2.3

Division and distribution of profits

A division of profits is the mechanism by which the profits of an LLP become a debt due to members. A division may be automatic or discretionary, may relate to some or all of the profits for a financial period and may take place during or after the end of a financial period.

An automatic division of profits is one where the LLP does not have an unconditional right to avoid making a division of an amount of profits based on the members' agreement in force at the time, whereas a discretionary division of profits requires a decision to be made by the LLP, which it has the unconditional right to avoid making.

The LLP divides profits automatically. Automatic divisions of profits are recognised as 'Members' remuneration charged as an expense in .

 
2.4

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.

Page 4

 
HARPER PIGS LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 JULY 2023

2.Accounting policies (continued)


2.4
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
15-20%
Other fixed assets
-
15%

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.

 
2.5

Stocks

Stocks are stated at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated cots to completion and selling costs.



 
2.6

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.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of comprehensive income.
Financial assets and liabilities are offset and the net amount reported in the Statement of financial position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


3.


Employees

The average monthly number of employees, including members, during the Period was 12 (2022 - 12).

Page 5

 
HARPER PIGS LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 JULY 2023

4.


Tangible fixed assets





Plant and machinery
Pig equipment
Total

£
£
£



Cost or valuation


At 30 July 2022
1,025,485
1,602,891
2,628,376


Additions
152,024
18,000
170,024


Disposals
(107,868)
-
(107,868)



At 29 July 2023

1,069,641
1,620,891
2,690,532



Depreciation


At 30 July 2022
283,676
1,009,608
1,293,284


Charge for the Period on owned assets
150,228
98,353
248,581


Disposals
(61,713)
-
(61,713)



At 29 July 2023

372,191
1,107,961
1,480,152



Net book value



At 29 July 2023
697,450
512,930
1,210,380



At 29 July 2022
741,809
593,283
1,335,092

Page 6

 
HARPER PIGS LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 JULY 2023

           4.Tangible fixed assets (continued)

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2023
2022
£
£



Plant and machinery
587,843
627,322

587,843
627,322


5.


Stocks

2023
2022
£
£

Raw materials and consumables
27,967
18,081

27,967
18,081



6.


Debtors

2023
2022
£
£


Trade debtors
-
520,383

Other debtors
-
464

Prepayments and accrued income
89,928
51,936

89,928
572,783


Page 7

 
HARPER PIGS LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 JULY 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
7,000
7,000

Trade creditors
22,213
164,151

Other taxation and social security
85,845
38,557

Obligations under finance lease and hire purchase contracts
252,990
381,123

Other creditors
203,430
11,109

Accruals and deferred income
230,747
143,933

802,225
745,873



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
20,086
30,948

Net obligations under finance leases and hire purchase contracts
166,846
390,629

186,932
421,577


 
Page 8