Registered No. OC444949 (England and Wales)
Naturescape Wildflowers Llp
Unaudited accounts
for the period from 7 December 2022 to 31 March 2024
Naturescape Wildflowers Llp
LLP Information
for the period from 7 December 2022 to 31 March 2024
Designated members
Brian Scarborough
Registered Number
OC444949 (England and Wales)
Registered Office
Naturescape Wildflowers LLP
Maple Farm
Coachgap Lane, Langar
Nottingham
Nottinghamshire
NG13 9HP
England
Accountants
M.A.D. Accountants Ltd
Welbeck House
69 Loughborough Road
West Bridgford
Nottinghamshire
NG2 7LA
Naturescape Wildflowers Llp
Statement of financial position
as at 31 March 2024
Cash at bank and in hand
158,128
Creditors: amounts falling due within one year
(1,205,701)
Net assets attributable to members
148,395
Loans and other debts due to members
148,395
Loans and other debts due to members
148,395
For the period ending 31 March 2024 the LLP was entitled to exemption under section 477 of the Companies Act 2006 (as applied to LLPs) 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the members on 21 August 2024.
Thomas Scarborough
Designated member
Limited Liability Partnership Registration No. OC444949
Naturescape Wildflowers Llp
Notes to the Accounts
for the period from 7 December 2022 to 31 March 2024
Compliance with accounting standards
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships.
The accounts are presented in £ sterling.
Remuneration paid to members under a contract of employment is included as an expense in the profit and loss account. Other fixed amounts paid to members are also included within members' remuneration treated as an expense.
Members are expected to subscribe a minimum amount of capital and may be invited to contribute more. On retirement, all capital is repaid to the member concerned.
Members' shares in the profit or loss for the year available for discretionary division among the members are accounted for as an allocation of that balance. Allocated balances are split between the members with any unallocated balances being included within 'Other reserves'. Members are permitted to make drawings in anticipation of that allocation, subject to the agreement of the other members.
Taxation is not provided for in the accounts as taxation is the personal liability of the members. Any amounts held by the LLP on behalf of members in respect of their tax liabilities are treated as debts due to members.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance
Motor vehicles
25% Reducing Balance
Fixtures & fittings
25% Reducing Balance
Computer equipment
25% Reducing Balance
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
The LLP operates a defined contribution scheme for the benefit of its employees. Contributions are charged to the profit and loss account for the year in which they are payable to the scheme.
Naturescape Wildflowers Llp
Notes to the Accounts
for the period from 7 December 2022 to 31 March 2024
Naturescape Wildflowers Llp is a limited liability partnership, incorporated in England and Wales, registration number OC444949. Its registered office is Naturescape Wildflowers LLP, Maple Farm, Coachgap Lane, Langar, Nottingham, Nottinghamshire, NG13 9HP, England.
3
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 7 December 2022
-
-
-
-
-
Additions
3,200
85,116
9,500
708
98,524
At 31 March 2024
3,200
85,116
9,500
708
98,524
Charge for the period
800
21,279
2,375
177
24,631
At 31 March 2024
800
21,279
2,375
177
24,631
At 31 March 2024
2,400
63,837
7,125
531
73,893
4
Creditors: amounts falling due within one year
2024
Taxes and social security costs
1,282
5
Loans and other debts due to members
2024
Amounts due to members in respect of profits
148,395
Amounts falling due within one year
148,395
Loans and other debts due to members rank equally with debts due to other unsecured creditors in the event of a winding up.
The Limited Liability Partnership is controlled by the designated members. The ultimate controlling party is the same as the controlling party.
7
Average number of employees
During the period the average number of employees was 42.