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REGISTERED NUMBER: OC359342 (England and Wales)















Unaudited Financial Statements

for the Period 1 May 2023 to 31 March 2024

for

Woodham Land LLP

Woodham Land LLP (Registered number: OC359342)






Contents of the Financial Statements
for the Period 1 May 2023 to 31 March 2024




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Woodham Land LLP

General Information
for the Period 1 May 2023 to 31 March 2024







DESIGNATED MEMBERS: David Magness Farms Limited
C D Magness
P F Magness
Miss T L Magness





REGISTERED OFFICE: Wieldbarns Farm
Debden Green
Nr Saffron Walden
Essex
CB11 3LU





REGISTERED NUMBER: OC359342 (England and Wales)





ACCOUNTANTS: Fisher Michael
The Old Grange
Warren Estate
Lordship Road
Writtle
Essex
CM1 3WT

Woodham Land LLP (Registered number: OC359342)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,320,880 1,167,601

CURRENT ASSETS
Stocks 29,023 37,276
Debtors 5 180,623 194,259
Cash at bank 29,617 5,771
239,263 237,306
CREDITORS
Amounts falling due within one year 6 1,880 2,000
NET CURRENT ASSETS 237,383 235,306
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,558,263

1,402,907

CREDITORS
Amounts falling due after more than one year 7 200,000 200,000
NET ASSETS ATTRIBUTABLE TO
MEMBERS

1,358,263

1,202,907

Woodham Land LLP (Registered number: OC359342)

Balance Sheet - continued
31 March 2024

2024 2023
Notes £    £    £    £   
LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

43,663

35,907

MEMBERS' OTHER INTERESTS
Capital accounts 1,314,600 1,167,000
1,358,263 1,202,907

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 43,663 35,907
Members' other interests 1,314,600 1,167,000
Amounts due from members 5 (150,606 ) (184,538 )
1,207,657 1,018,369

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.

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 16 September 2024 and were signed by:





C D Magness - Designated member

Woodham Land LLP (Registered number: OC359342)

Notes to the Financial Statements
for the Period 1 May 2023 to 31 March 2024

1. STATUTORY INFORMATION

Woodham Land 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.

Significant judgements and estimates
No significant judgements or estimations have been applied in the preparation of the financial statements.

Turnover
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Partnership and the revenue can be reliably measured. Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales tax.

Tangible fixed assets
Tangible fixed assets comprise freehold land which is shown at historic cost.

Stocks
Stocks are valued at the lower of cost and net realisable value.

Financial instruments
The partnership only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.

Debtors
Short term debtors are measured at transaction price, less any impairment.

Creditors
Short term creditors are measured at transaction price.

Going concern
The accounts have been prepared on the going concern basis which assumes the continued support of the designated members. The members have confirmed that this support will continue and believe that no adjustments relating to the partnership's ability to continue as a going concern need to be made to these financial statements.

3. EMPLOYEE INFORMATION

The average number of employees during the period was 3 (2023 - 3 ) .

Woodham Land LLP (Registered number: OC359342)

Notes to the Financial Statements - continued
for the Period 1 May 2023 to 31 March 2024

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1 May 2023 1,167,601
Additions 153,279
At 31 March 2024 1,320,880
NET BOOK VALUE
At 31 March 2024 1,320,880
At 30 April 2023 1,167,601

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 24,467 -
Other debtors 156,156 194,259
180,623 194,259

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 1,880 2,000

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 200,000 200,000

8. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members' (other than members' capital classified as debt) rank below other creditors.