Silverfin false 31/03/2024 27/01/2023 31/03/2024 Mr K Spottiswoode 27/01/2023 Mrs S Spottiswoode 27/01/2023 09 August 2024 OC445568 2024-03-31 OC445568 bus:Director1 2024-03-31 OC445568 bus:Director2 2024-03-31 OC445568 core:CurrentFinancialInstruments 2024-03-31 OC445568 core:LandBuildings 2023-01-26 OC445568 core:Vehicles 2023-01-26 OC445568 core:FurnitureFittings 2023-01-26 OC445568 2023-01-26 OC445568 core:LandBuildings 2024-03-31 OC445568 core:Vehicles 2024-03-31 OC445568 core:FurnitureFittings 2024-03-31 OC445568 2023-01-27 2024-03-31 OC445568 bus:FullAccounts 2023-01-27 2024-03-31 OC445568 bus:SmallEntities 2023-01-27 2024-03-31 OC445568 bus:AuditExemptWithAccountantsReport 2023-01-27 2024-03-31 OC445568 bus:LimitedLiabilityPartnershipLLP 2023-01-27 2024-03-31 OC445568 bus:Director1 2023-01-27 2024-03-31 OC445568 bus:Director2 2023-01-27 2024-03-31 OC445568 core:LandBuildings 2023-01-27 2024-03-31 OC445568 core:Vehicles 2023-01-27 2024-03-31 OC445568 core:FurnitureFittings core:TopRangeValue 2023-01-27 2024-03-31 OC445568 core:FurnitureFittings 2023-01-27 2024-03-31 iso4217:GBP xbrli:pure

Company No: OC445568 (England and Wales)

LYDEARD FARM BUSH CAMP AND LODGES LLP

Unaudited Financial Statements
For the financial period from 27 January 2023 to 31 March 2024
Pages for filing with the registrar

LYDEARD FARM BUSH CAMP AND LODGES LLP

Unaudited Financial Statements

For the financial period from 27 January 2023 to 31 March 2024

Contents

LYDEARD FARM BUSH CAMP AND LODGES LLP

LIMITED LIABILITY PARTNERSHIP INFORMATION

For the financial period from 27 January 2023 to 31 March 2024
LYDEARD FARM BUSH CAMP AND LODGES LLP

LIMITED LIABILITY PARTNERSHIP INFORMATION (continued)

For the financial period from 27 January 2023 to 31 March 2024
DESIGNATED MEMBERS Mr K Spottiswoode (Appointed 27 January 2023)
Mrs S Spottiswoode (Appointed 27 January 2023)
REGISTERED OFFICE Sigma House Oak View Close
Edginswell Park
Torquay
Devon
TQ2 7FF
United Kingdom
REGISTERED NUMBER OC445568 (England and Wales)
CHARTERED ACCOUNTANTS Francis Clark LLP
Sigma House
Oak View Close
Edginswell Park
Torquay
TQ2 7FF
LYDEARD FARM BUSH CAMP AND LODGES LLP

BALANCE SHEET

As at 31 March 2024
LYDEARD FARM BUSH CAMP AND LODGES LLP

BALANCE SHEET (continued)

As at 31 March 2024
Note 31.03.2024
£
Fixed assets
Tangible assets 4 300,379
300,379
Current assets
Stocks 600
Cash at bank and in hand 6,719
7,319
Creditors: amounts falling due within one year 5 ( 373,948)
Net current liabilities (366,629)
Total assets less current liabilities (66,250)
Net liabilities attributable to members ( 66,250)
Represented by
Loans and other debts due to members within one year
Other amounts (100)
(100)
Members' other interests
Other reserves (66,150)
(66,150)
(66,250)
Total members' interests
Loans and other debts due to members (100)
Members' other interests (66,150)
(66,250)

For the financial period ending 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.

Members' responsibilities:

The financial statements of Lydeard Farm Bush Camp and Lodges LLP (registered number: OC445568) were approved and authorised for issue by the Board of Directors on 09 August 2024. They were signed on its behalf by:

Mrs S Spottiswoode
Designated member
LYDEARD FARM BUSH CAMP AND LODGES LLP

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 27 January 2023 to 31 March 2024
LYDEARD FARM BUSH CAMP AND LODGES LLP

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 27 January 2023 to 31 March 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.

General information and basis of accounting

Lydeard Farm Bush Camp and Lodges LLP is a limited liability partnership, incorporated in the United Kingdom under the Limited Liability Partnerships Act 2000 and is registered in England and Wales. The address of the LLP's registered office is Sigma House Oak View Close, Edginswell Park, , Torquay, Devon, TQ2 7FF, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Limited Liability Partnerships Act 2000 as applicable to companies subject to the small companies regime and the requirements of the Statement of Recommended Practice Accounting by Limited Liability Partnerships issued in December 2021 (SORP 2022).

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The members have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The members note that the business has net liabilities of £66,250. The LLP is supported through loans from the members. The members have confirmed that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the members will continue to support the LLP. Given the current position, the members believe that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Reporting period length

The reporting period is from 27 January 2023 to 31 January 2024 due to this being the first period after incorporation.

Turnover

Turnover is stated net of trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Revenue from services is recognised as they are delivered.

Taxation

The taxation payable on the partnership's profits is the personal liability of the members, although payment of such liabilities is administered by the partnership on behalf of its members. Consequently, neither partnership taxation nor related deferred taxation is accounted for in these financial statements. Sums set aside in respect of members' tax obligations are included in the balance sheet within loans and other debts due to members, or are set against amounts due from members as appropriate.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance]basis over its expected useful life, as follows:

Land and buildings 10 % reducing balance
Vehicles 8 % reducing balance
Fixtures and fittings 5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

2. Employees

Period from
27.01.2023 to
31.03.2024
Number
Monthly average number of persons employed by the LLP during the period 0

3. Members' remuneration

Profits are shared among the members in accordance with agreed profit sharing arrangements. Members are required to make their own provision for pensions from their profit shares.

31.03.2024
Number
Average number of members during the financial period 2

4. Tangible assets

Land and buildings Vehicles Fixtures and fittings Total
£ £ £ £
Cost
At 27 January 2023 0 0 0 0
Additions 250,000 45,240 45,829 341,069
At 31 March 2024 250,000 45,240 45,829 341,069
Accumulated depreciation
At 27 January 2023 0 0 0 0
Charge for the financial period 27,085 3,676 9,929 40,690
At 31 March 2024 27,085 3,676 9,929 40,690
Net book value
At 31 March 2024 222,915 41,564 35,900 300,379

5. Creditors: amounts falling due within one year

31.03.2024
£
Amounts owed to members 367,928
Accruals and deferred income 6,020
373,948