IRIS Accounts Production v24.2.0.383 OC339334 designated member designated member 1.10.23 31.3.24 31.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhOC3393342023-09-30OC3393342024-03-31OC3393342023-10-012024-03-31OC3393342022-09-30OC3393342022-10-012023-09-30OC3393342023-09-30OC339334ns15:EnglandWales2023-10-012024-03-31OC339334ns14:PoundSterling2023-10-012024-03-31OC339334ns10:PartnerLLP12023-10-012024-03-31OC339334ns10:PartnerLLP22023-10-012024-03-31OC339334ns10:LimitedLiabilityPartnershipLLP2023-10-012024-03-31OC339334ns10:SmallEntities2023-10-012024-03-31OC339334ns10:AuditExempt-NoAccountantsReport2023-10-012024-03-31OC339334ns10:SmallCompaniesRegimeForAccounts2023-10-012024-03-31OC339334ns10:LimitedLiabilityPartnershipsSORP2023-10-012024-03-31OC339334ns10:AbridgedAccounts2023-10-012024-03-31OC339334ns10:RegisteredOffice2023-10-012024-03-31OC339334ns5:CurrentFinancialInstruments2024-03-31OC339334ns5:CurrentFinancialInstruments2023-09-30OC339334ns5:Non-currentFinancialInstruments2024-03-31OC339334ns5:Non-currentFinancialInstruments2023-09-30
REGISTERED NUMBER: OC339334 (England and Wales)
















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: Mrs R M Cook
Mrs J E Shaw





REGISTERED OFFICE: The Estate Office
Tetworth Hall
Drove Road
Sandy
Bedfordshire
SG19 2HU





REGISTERED NUMBER: OC339334 (England and Wales)





ACCOUNTANTS: Hardcastle Burton LLP
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 18,130,354 18,167,225

CURRENT ASSETS
Biological assets 443,783 481,229
Debtors 264,102 420,463
Cash at bank 21,861 161,669
729,746 1,063,361
CREDITORS
Amounts falling due within one year 358,740 508,567
NET CURRENT ASSETS 371,006 554,794
TOTAL ASSETS LESS CURRENT
LIABILITIES

18,501,360

18,722,019

CREDITORS
Amounts falling due after more than one
year

6,278

13,510
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 LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the period ended 31 March 2024.

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


The financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

All the members have consented to the preparation of an abridged Balance Sheet for the period ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

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 26 June 2024 and were signed by:




Mrs R M Cook - Designated member




Mrs J E Shaw - Designated member


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
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is recognised once goods have been sold and represents gross arable sales and income from farming subsidies.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold land & propertyNot depreciated
Improvements to property4% on cost
Plant & machinery20% reducing balance
Fixtures & fittings33% on cost
Motor vehicles25% 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 3 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST OR VALUATION
At 1 October 2023 18,546,653
Additions 10,600
At 31 March 2024 18,557,253
DEPRECIATION
At 1 October 2023 379,428
Charge for period 47,471
At 31 March 2024 426,899
NET BOOK VALUE
At 31 March 2024 18,130,354
At 30 September 2023 18,167,225

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.