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REGISTERED NUMBER: OC413616 (England and Wales)
















Unaudited Financial Statements

for the Period 1 October 2022 to 31 March 2024

for

Raveley Fen Farms LLP

Raveley Fen Farms LLP (Registered number: OC413616)






Contents of the Financial Statements
for the Period 1 October 2022 to 31 March 2024




Page

General Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Raveley Fen Farms LLP

General Information
for the Period 1 October 2022 to 31 March 2024







DESIGNATED MEMBERS: Mr Luke Phipps
Mrs Joanna Elizabeth Phipps





REGISTERED OFFICE: Lake House
Market Hill
Royston
Hertfordshire
SG8 9JN





REGISTERED NUMBER: OC413616 (England and Wales)





ACCOUNTANTS: Hardcastle Burton LLP
Lake House
Market Hill
Royston
Hertfordshire
SG8 9JN

Raveley Fen Farms LLP (Registered number: OC413616)

Abridged Balance Sheet
31 March 2024

31.3.24 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,355,833 1,366,955
1,355,833 1,366,955

CURRENT ASSETS
Stocks 22,056 24,560
Debtors: amounts falling due within one
year

9,006

1,274
Cash at bank 13,710 31,191
44,772 57,025
CREDITORS: AMOUNTS FALLING DUE
WITHIN ONE YEAR

22,647

27,993
NET CURRENT ASSETS 22,125 29,032
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,377,958

1,395,987

CREDITORS: AMOUNTS FALLING DUE
AFTER MORE THAN ONE YEAR

318,026

501,478
NET ASSETS ATTRIBUTABLE TO
MEMBERS

1,059,932

894,509

Raveley Fen Farms LLP (Registered number: OC413616)

Abridged Balance Sheet - continued
31 March 2024

31.3.24 30.9.22
Notes £    £    £    £   
MEMBERS' LOANS AND EQUITY 6 85,742 110,204

MEMBERS' OTHER INTERESTS
Capital accounts 974,190 784,305
1,059,932 894,509

TOTAL MEMBERS' INTERESTS
Members' loans and equity 6 85,742 110,204
Members' other interests 974,190 784,305
1,059,932 894,509

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.

All the members have consented to the preparation of an abridged Balance Sheet for the period ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

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 12 August 2024 and were signed by:




Mr Luke Phipps - Designated member




Mrs Joanna Elizabeth Phipps - Designated member


Raveley Fen Farms LLP (Registered number: OC413616)

Notes to the Financial Statements
for the Period 1 October 2022 to 31 March 2024

1. STATUTORY INFORMATION

Raveley Fen Farms 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.

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.

Entitlements are being amortised evenly over their estimated useful life of three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property- Nil
Improvements to property- 4% on cost
Plant and machinery- 20% on reducing balance
Tractors and combines- 15% 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 (2022 - NIL).

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 October 2022
and 31 March 2024 6,152
AMORTISATION
At 1 October 2022
and 31 March 2024 6,152
NET BOOK VALUE

At 31 March 2024 -
At 30 September 2022 -

Raveley Fen Farms LLP (Registered number: OC413616)

Notes to the Financial Statements - continued
for the Period 1 October 2022 to 31 March 2024

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 October 2022 1,419,493
Additions 3,766
At 31 March 2024 1,423,259
DEPRECIATION
At 1 October 2022 52,538
Charge for period 14,888
At 31 March 2024 67,426
NET BOOK VALUE
At 31 March 2024 1,355,833
At 30 September 2022 1,366,955

6. MEMBERS' LOANS AND EQUITY
31.3.24 30.9.22
£    £   
Amounts owed to members in respect of profits 85,742 110,204

Falling due within one year 85,742 110,204

If present, repayment of Members debt will take preference over equity due to Members but not before all other creditors have been settled.