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REGISTERED NUMBER: OC443589 (England and Wales)





UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024

FOR

KENCOT HILL FARM LLP

KENCOT HILL FARM LLP (REGISTERED NUMBER: OC443589)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024










Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KENCOT HILL FARM LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DESIGNATED MEMBERS: T Czapski
K Czapski





REGISTERED OFFICE: Kencot Hill Farm
Kencot
Lechlade
United Kingdom
GL7 3QY





REGISTERED NUMBER: OC443589 (England and Wales)





ACCOUNTANTS: Martin and Company
Two Brewers House
50 North Street
Thame
Oxfordshire
OX9 3BH

KENCOT HILL FARM LLP (REGISTERED NUMBER: OC443589)

BALANCE SHEET
31ST MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 48,168 53,437

CURRENT ASSETS
Stocks 111,792 111,060
Debtors 5 457,369 372,844
Cash at bank 510 4,787
569,671 488,691
CREDITORS
Amounts falling due within one year 6 2,470 2,459
NET CURRENT ASSETS 567,201 486,232
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

615,369

539,669

LOANS AND OTHER DEBTS DUE TO
MEMBERS

615,369

539,669

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 615,369 539,669
Amounts due from members 5 (73,968 ) (57,633 )
541,401 482,036

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 31st 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.

KENCOT HILL FARM LLP (REGISTERED NUMBER: OC443589)

BALANCE SHEET - continued
31ST MARCH 2024


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 21st September 2024 and were signed by:




T Czapski - Designated member




K Czapski - Designated member


KENCOT HILL FARM LLP (REGISTERED NUMBER: OC443589)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024


1. STATUTORY INFORMATION

Kencot Hill Farm 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 each asset over its estimated useful life.
Improvements to property - nil
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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

Stocks include costs incurred to date, with regards to a Truffle field.

3. EMPLOYEE INFORMATION

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

KENCOT HILL FARM LLP (REGISTERED NUMBER: OC443589)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024


4. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1st April 2023 20,987 25,061 48,422 11,559 106,029
Additions - 1,187 - 1,904 3,091
Disposals - - - (313 ) (313 )
At 31st March 2024 20,987 26,248 48,422 13,150 108,807
DEPRECIATION
At 1st April 2023 - 14,276 31,431 6,885 52,592
Charge for year - 2,395 4,247 1,619 8,261
Eliminated on disposal - - - (214 ) (214 )
At 31st March 2024 - 16,671 35,678 8,290 60,639
NET BOOK VALUE
At 31st March 2024 20,987 9,577 12,744 4,860 48,168
At 31st March 2023 20,987 10,785 16,991 4,674 53,437

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts due from members 73,968 57,633
VAT 2,671 4,685
Prepayments and accrued income 380,730 310,526
457,369 372,844

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 170 -
Accruals and deferred income 2,300 2,459
2,470 2,459