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REGISTERED NUMBER: OC426369 (England and Wales)











Financial Statements

for the Period

1st January 2024 to 31st March 2024

for

Moss Farm Partnership LLP

Moss Farm Partnership LLP (Registered number: OC426369)

Contents of the Financial Statements
for the Period 1st January 2024 to 31st March 2024










Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Moss Farm Partnership LLP

General Information
for the Period 1st January 2024 to 31st March 2024







DESIGNATED MEMBERS: Mr K Moores
Mr P Lloyd





REGISTERED OFFICE: North Moss Farm
North Moss Lane
Formby
Liverpool
L37 0AQ





REGISTERED NUMBER: OC426369 (England and Wales)





ACCOUNTANTS: Towers + Gornall Ltd
Chartered Certified Accountants
River View
96 High Street
Garstang
Preston
Lancashire
PR3 1WZ

Moss Farm Partnership LLP (Registered number: OC426369)

Balance Sheet
31st March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 24,583 25,833
Tangible assets 5 179,515 186,163
204,098 211,996

CURRENT ASSETS
Stocks 325,677 381,995
Debtors 6 39,397 17,547
Cash at bank and in hand 37,172 30,580
402,246 430,122
CREDITORS
Amounts falling due within one year 7 8,820 12,005
NET CURRENT ASSETS 393,426 418,117
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

597,524

630,113

LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

597,524

630,113

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 597,524 630,113
Amounts due from members 6 (19,881 ) -
577,643 630,113

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 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.

Moss Farm Partnership LLP (Registered number: OC426369)

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 14th October 2024 and were signed by:





Mr K Moores - Designated member

Moss Farm Partnership LLP (Registered number: OC426369)

Notes to the Financial Statements
for the Period 1st January 2024 to 31st March 2024


1. STATUTORY INFORMATION

Moss Farm Partnership 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.

Occupational rights
Occupational rights, being the amount paid in connection with the acquisition of a business in 2020, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 10% on cost
Plant and machinery etc - 20% on reducing balance, 15% on reducing balance and 10% 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.

3. EMPLOYEE INFORMATION

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

4. INTANGIBLE FIXED ASSETS
Occupational
rights
£   
COST
At 1st January 2024
and 31st March 2024 50,000
AMORTISATION
At 1st January 2024 24,167
Amortisation for period 1,250
At 31st March 2024 25,417
NET BOOK VALUE
At 31st March 2024 24,583
At 31st December 2023 25,833

Moss Farm Partnership LLP (Registered number: OC426369)

Notes to the Financial Statements - continued
for the Period 1st January 2024 to 31st March 2024


5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st January 2024
and 31st March 2024 27,650 286,821 314,471
DEPRECIATION
At 1st January 2024 9,098 119,210 128,308
Charge for period 691 5,957 6,648
At 31st March 2024 9,789 125,167 134,956
NET BOOK VALUE
At 31st March 2024 17,861 161,654 179,515
At 31st December 2023 18,552 167,611 186,163

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 4,293 245
Other debtors 35,104 17,302
39,397 17,547

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 793 2,576
Trade creditors 7,427 7,329
Other creditors 600 2,100
8,820 12,005

8. LOANS AND OTHER DEBTS DUE TO MEMBERS

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