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REGISTERED NUMBER: OC381181 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Lyewood Nursery (Ropley) LLP

Lyewood Nursery (Ropley) LLP (Registered number: OC381181)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Lyewood Nursery (Ropley) LLP

General Information
for the Year Ended 31 December 2023







DESIGNATED MEMBERS: J Carruthers
Lyewood Horticulturists Ltd





REGISTERED OFFICE: Lyewood Nursery
Petersfield Road
Ropley
Alresford
Hampshire
SO24 0ET





REGISTERED NUMBER: OC381181 (England and Wales)





ACCOUNTANTS: McCabe Ford Williams
Bank Chambers
61 High Street
Cranbrook
Kent
TN17 3EG

Lyewood Nursery (Ropley) LLP (Registered number: OC381181)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 187,825 190,528

CURRENT ASSETS
Stocks 24,985 22,087
Debtors 5 2,539 13,725
Investments 6 197 197
Cash at bank and in hand 24,523 13,899
52,244 49,908
CREDITORS
Amounts falling due within one year 7 4,383 14,236
NET CURRENT ASSETS 47,861 35,672
TOTAL ASSETS LESS CURRENT
LIABILITIES

235,686

226,200

CREDITORS
Amounts falling due after more than
one year

8

30,000

38,000
NET ASSETS ATTRIBUTABLE TO
MEMBERS

205,686

188,200

Lyewood Nursery (Ropley) LLP (Registered number: OC381181)

Balance Sheet - continued
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
LOANS AND OTHER DEBTS DUE
TO MEMBERS

9

126,785

109,299

MEMBERS' OTHER INTERESTS
Capital accounts 78,901 78,901
205,686 188,200

TOTAL MEMBERS' INTERESTS
Loans and other debts due to
members

9

126,785

109,299
Members' other interests 78,901 78,901
205,686 188,200

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 year ended 31 December 2023.

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.

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

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 12 August 2024 and were signed by:





J Carruthers - Designated member

Lyewood Nursery (Ropley) LLP (Registered number: OC381181)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Lyewood Nursery (Ropley) 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance, 20% on reducing balance and 15% on reducing balance

The residual value of the freehold property is considered to be equal to the carrying value and consequently no depreciation is charged. The freehold property includes land.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 3 (2022 - 7 ) .

Lyewood Nursery (Ropley) LLP (Registered number: OC381181)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 66,690 171,042 237,732
DEPRECIATION
At 1 January 2023 - 47,204 47,204
Charge for year - 2,703 2,703
At 31 December 2023 - 49,907 49,907
NET BOOK VALUE
At 31 December 2023 66,690 121,135 187,825
At 31 December 2022 66,690 123,838 190,528

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 2,128 13,323
Other debtors 411 402
2,539 13,725

6. CURRENT ASSET INVESTMENTS
31.12.23 31.12.22
£    £   
Listed investments 197 197

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors - 7,099
Taxation and social security 2,073 5,037
Other creditors 2,310 2,100
4,383 14,236

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.12.23 31.12.22
£    £   
Other creditors 30,000 38,000

Lyewood Nursery (Ropley) LLP (Registered number: OC381181)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

9. LOANS AND OTHER DEBTS DUE TO MEMBERS

The interests of the members rank after other creditors on a winding up.