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REGISTERED NUMBER: NC001719 (Northern Ireland)















LITTLE AGRI LLP

Report of the Members and

Unaudited Financial Statements for the Year Ended 31 March 2024






LITTLE AGRI LLP (REGISTERED NUMBER: NC001719)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2024




Page

General Information 1

Report of the Members 2

Report of the Accountants 3

Income Statement 4

Balance Sheet 5

Notes to the Financial Statements 6


LITTLE AGRI LLP

General Information
FOR THE YEAR ENDED 31 MARCH 2024







DESIGNATED MEMBERS: C O'Brien
A Little





REGISTERED OFFICE: 57 Cloghtogle Road
Killee
Lisbellaw
Enniskillen
BT94 5BN





REGISTERED NUMBER: NC001719 (Northern Ireland)





ACCOUNTANTS: CavanaghKelly
1 Broadmeadow Place
Unit 2 Castle Island Court
Enniskillen
Co. Fermanagh
BT74 7HR

LITTLE AGRI LLP (REGISTERED NUMBER: NC001719)

Report of the Members
FOR THE YEAR ENDED 31 MARCH 2024

The members present their report with the financial statements of the LLP for the year ended 31 March 2024.

PRINCIPAL ACTIVITY
The principal activity of the LLP in the year under review was that of agricultural contracting.

DESIGNATED MEMBERS
The designated members during the year under review were:

C O'Brien
A Little

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS
The loss for the year before members' remuneration and profit shares was £113,305 (2023 - £35,283 loss).

MEMBERS' INTERESTS

ON BEHALF OF THE MEMBERS:





C O'Brien - Designated member


29 August 2024

LITTLE AGRI LLP

Report of the Accountants to the Members of
Little Agri LLP


We have prepared for your approval the financial statements of Little Agri LLP for the period ended 31 March 2023 which comprise the Trading, Profit and Loss Account, the Balance Sheet and related notes from the accounting records and information and explanations you have given to us.

This report is made solely to you, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Little Agri LLP and state those matters that we have agreed to state to you in this report in accordance with the guidance of Chartered Accountants Ireland. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Little Agri LLP for our work or for this report.

We have carried out this engagement in accordance with technical guidance issued by Chartered Accountants Ireland and have complied with the ethical guidance laid down by Chartered Accountants Ireland.

You have approved the Trading, Profit and Loss Account, the Balance Sheet and related notes for the year ended 31 March 2024 and have acknowledged your responsibility for them, for the appropriateness of the financial reporting framework adopted and for providing all information and explanations necessary for their compilation.

We have not been instructed to carry out an audit or a review of the financial statements of Little Agri LLP. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial information.






CavanaghKelly
1 Broadmeadow Place
Unit 2 Castle Island Court
Enniskillen
Co. Fermanagh
BT74 7HR


29 August 2024

LITTLE AGRI LLP (REGISTERED NUMBER: NC001719)

Income Statement
FOR THE YEAR ENDED 31 MARCH 2024

Period
4/5/22
Year ended to
31/3/24 31/3/23
Notes £ £

TURNOVER 89,589 12,153

Cost of sales (39,209 ) (2,899 )
GROSS PROFIT 50,380 9,254

Administrative expenses (166,194 ) (44,566 )
(115,814 ) (35,312 )

Other operating income 2,400 -
OPERATING LOSS 4 (113,414 ) (35,312 )

Interest receivable and similar income 109 29
LOSS FOR THE FINANCIAL YEAR
BEFORE MEMBERS' REMUNERATION
AND PROFIT SHARES AVAILABLE
FOR DISCRETIONARY DIVISION
AMONG MEMBERS




(113,305




)




(35,283




)

LITTLE AGRI LLP (REGISTERED NUMBER: NC001719)

Balance Sheet
31 MARCH 2024

2024 2023
Notes £ £
FIXED ASSETS
Tangible assets 5 251,383 246,931

CURRENT ASSETS
Debtors 6 5,187 30,520
Cash at bank 3,993 7,084
9,180 37,604
CREDITORS
Amounts falling due within one year 7 (21,651 ) (4,343 )
NET CURRENT (LIABILITIES)/ASSETS (12,471 ) 33,261
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

238,912

280,192

LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

238,912

280,192

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 238,912 280,192

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 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.

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

The financial statements were approved by the members of the LLP and authorised for issue on 29 August 2024 and were signed by:




C O'Brien - Designated member




A Little - Designated member


LITTLE AGRI LLP (REGISTERED NUMBER: NC001719)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Little Agri LLP is registered in Northern Ireland. 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.

The accounts are prepared under the historical cost convention modified when necessary to include the revaluation of certain fixed assets.

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 - 20% reducing balance

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Sales
The turnover shown in the profit and loss account represents amounts received or receivable for goods and services provided in the normal course of business, exclusive of Value Added Tax.

3. EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2023 - NIL).

4. OPERATING LOSS

The operating loss is stated after charging:

Period
4/5/22
Year ended to
31/3/24 31/3/23
£ £
Depreciation - owned assets 63,689 39,104

LITTLE AGRI LLP (REGISTERED NUMBER: NC001719)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£ £ £
COST
At 1 April 2023 286,035 - 286,035
Additions 18,141 50,000 68,141
At 31 March 2024 304,176 50,000 354,176
DEPRECIATION
At 1 April 2023 39,104 - 39,104
Charge for year 51,634 12,055 63,689
At 31 March 2024 90,738 12,055 102,793
NET BOOK VALUE
At 31 March 2024 213,438 37,945 251,383
At 31 March 2023 246,931 - 246,931

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 5,187 14,583
Other debtors - 15,937
5,187 30,520

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade creditors 19,771 3,443
Taxation and social security 980 -
Other creditors 900 900
21,651 4,343

8. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank equally with debts due to unsecured creditors in the event of a winding up.