2023-04-01 OC373280 2024-03-31 OC373280 2023-04-01 2024-03-31 OC373280 2023-03-31 OC373280 2022-04-01 2023-03-31 OC373280 uk-core:WithinOneYear 2023-03-31 OC373280 uk-core:WithinOneYear 2024-03-31 OC373280 uk-core:AfterOneYear 2023-03-31 OC373280 uk-core:AfterOneYear 2024-03-31 OC373280 uk-core:RevaluationReserve 2024-03-31 OC373280 uk-core:RevaluationReserve 2023-03-31 OC373280 uk-bus:PartnerLLP1 2023-04-01 2024-03-31 OC373280 uk-core:AfterOneYear uk-core:Secured 2023-03-31 OC373280 uk-core:AfterOneYear uk-core:Secured 2024-03-31 iso4217:GBP xbrli:pure OC373280 uk-bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 OC373280 uk-bus:FRS102 2023-04-01 2024-03-31 OC373280 uk-bus:FilletedAccounts 2023-04-01 2024-03-31 OC373280 uk-bus:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31
Rosemar Farm LLP
Registered Number:OC373280
For the year ended 31 March 2024
England and Wales
Report of the Members and Unaudited Financial Statements
2
For the year ended 31 March 2024
Rosemar Farm LLP
Contents Page
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Statement of Financial Position
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Notes to the Financial Statements
3
OC373280
Registered Number :
As at 31 March 2024
Rosemar Farm LLP
Statement of Financial Position
2023
£
£
2024
Notes
Fixed assets
Property, plant and equipment
3,045,629
3,045,629
3
3,045,629
3,045,629
Current assets
Trade and other receivables
159,780
165,476
4
738
4,597
Cash and cash equivalents
166,214
164,377
Trade and other payables: amounts falling due within one
year
(96,150)
(77,747)
5
68,227
88,467
Net current assets
Total assets less current liabilities
3,134,096
3,113,856
Trade and other payables: amounts falling due after more
than one year
(1,257,076)
(1,317,250)
6
1,816,846
Net assets attributable to members
1,856,780
Represented by:
Loans and other debts due to members
24,452
223,751
7
Members' other interests
Revaluation reserve
-
1,777,133
Fair value reserve
1,777,133
-
Other reserves
55,940
(144,104)
1,833,073
1,633,029
1,857,525
1,856,780
Total members' interests
Amounts due from members
(40,679)
-
Loans and other debts due to members
24,452
223,751
7
Members' other interests
1,833,073
1,633,029
1,816,846
1,856,780
For the year ended 31 March 2024 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to small LLPs.
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 affair of the LLP as at the end of each
financial year and of its profit or loss for each 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
Liabilities Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to the
financial statements, so far as applicable to the LLP
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
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OC373280
Registered Number :
For the year ended 31 March 2024
Rosemar Farm LLP
Statement of Financial Position Continued
The financial statements are prepared in accordance with the provisions applicable to LLP's subject to the small LLP's regime.
Daniel CoeDesignated Member
These financial statements were approved by the members on 13 August 2024 and signed on their behalf by:
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For the year ended 31 March 2024
Rosemar Farm LLP
Notes to the Financial Statements
1. Accounting policies
Statutory Information
Rosemar Farm LLP is a limited liability partnership, domiciled in England and Wales, registration number OC373280.
Registered address:
Rosemar
Shellwood Rd
Leigh
Surrey
RH28 NT
The presentation currency is £ sterling.
Basis of preparation
The report and financial statements for the year ended 31 March 2024 have been prepared under the historical cost
convention and in accordance with the Section 1A of Financial Reporting Standard 102 'The Financial Reporting
Standard applicable in the UK and Republic of Ireland' and the Statement of Recommended Practice "Accounting by
Limited Liability Partnerships".
Turnover
Turnover represents rents receivable.
Investment property
Investment properties are included in the balance sheet at their open market value at the balance sheet date. The resulting aggregate surplus or deficit is transferred to a revaluation reserve. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years.
2. Interest payable and similar charges
2024
2023
£
£
Interest payable on bank borrowing
67,024
59,069
3. Property, plant and equipment
Land and
buildings
£
Cost or
valuation
At 01 April 2023
3,045,629
At 31 March 2024
3,045,629
At 31 March 2024
Net book value
3,045,629
At 31 March 2023
3,045,629
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For the year ended 31 March 2024
Rosemar Farm LLP
Notes to the Financial Statements Continued
4. Trade and other receivables
2024
2023
£
£
Prepayments & accrued income
(3,935)
(1,685)
Other debtors
169,411
161,465
165,476
159,780
The debtors above include the following amounts falling due after more than one year:
Other debtors more than one year
157,200
157,200
5. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Other creditors
77,747
96,150
6. Trade and other payables: amounts falling due after more than one year
2024
2023
£
£
30,173
24,978
Bank loans and overdraft
The following liabilities disclosed under creditors falling due after one year are secured by the LLP:
1,292,272
1,226,903
Bank loans and overdrafts (secured)
1,317,250
1,257,076
7. Loans and other debts due to members
2023
2024
£
£
Loans from members
-
199,299
Amounts due to members in respect of profits
24,452
24,452
24,452
223,751
8. Average number of persons employed
During the year the average number of employees was 0
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