REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 1 October 2023 to 31 March 2024 |
for |
Tetworth Farms LLP |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 1 October 2023 to 31 March 2024 |
for |
Tetworth Farms LLP |
Tetworth Farms LLP (Registered number: OC339334) |
Contents of the Financial Statements |
for the Period 1 October 2023 to 31 March 2024 |
Page |
General Information | 1 |
Abridged Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Tetworth Farms LLP |
General Information |
for the Period 1 October 2023 to 31 March 2024 |
DESIGNATED MEMBERS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Lake House |
Market Hill |
Royston |
Hertfordshire |
SG8 9JN |
Tetworth Farms LLP (Registered number: OC339334) |
Abridged Balance Sheet |
31 March 2024 |
31.3.24 | 30.9.23 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Biological 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 |
18,495,082 |
18,708,509 |
LOANS AND OTHER DEBTS DUE TO MEMBERS |
5 |
1,595,082 |
1,808,509 |
MEMBERS' OTHER INTERESTS |
Capital accounts | 16,900,000 | 16,900,000 |
18,495,082 | 18,708,509 |
TOTAL MEMBERS' INTERESTS |
Loans and other debts due to members | 5 | 1,595,082 | 1,808,509 |
Members' other interests | 16,900,000 | 16,900,000 |
18,495,082 | 18,708,509 |
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. |
Tetworth Farms LLP (Registered number: OC339334) |
Abridged Balance Sheet - continued |
31 March 2024 |
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 |
Tetworth Farms LLP (Registered number: OC339334) |
Notes to the Financial Statements |
for the Period 1 October 2023 to 31 March 2024 |
1. | STATUTORY INFORMATION |
Tetworth Farms 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 is recognised once goods have been sold and represents gross arable sales and income from farming subsidies. |
Tangible fixed assets |
Freehold land & property | Not depreciated |
Improvements to property | 4% on cost |
Plant & machinery | 20% reducing balance |
Fixtures & fittings | 33% on cost |
Motor vehicles | 25% reducing balance |
Property included in 'Improvements to property' is improvements to leasehold property. |
Biological assets |
Biological assets represent growing and harvested crops which have been valued at the lower of cost and estimated selling price less costs to sell. |
3. | EMPLOYEE INFORMATION |
The average number of employees during the period was |
4. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST OR VALUATION |
At 1 October 2023 |
Additions |
At 31 March 2024 |
DEPRECIATION |
At 1 October 2023 |
Charge for period |
At 31 March 2024 |
NET BOOK VALUE |
At 31 March 2024 |
At 30 September 2023 |
Tetworth Farms LLP (Registered number: OC339334) |
Notes to the Financial Statements - continued |
for the Period 1 October 2023 to 31 March 2024 |
4. | TANGIBLE FIXED ASSETS - continued |
Cost or valuation at 31 March 2024 is represented by: |
Totals |
£ |
Valuation in 2022 | 5,637,380 |
Cost | 12,919,873 |
18,557,253 |
5. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
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. |