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REGISTERED NUMBER: OC449535 (England and Wales)





REPORT OF THE MEMBERS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

16TH OCTOBER 2023 TO 31ST MARCH 2024

FOR

JONES AND VALLEY FARM LLP

JONES AND VALLEY FARM LLP (REGISTERED NUMBER: OC449535)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 16TH OCTOBER 2023 TO 31ST MARCH 2024










Page

General Information 1

Report of the Members 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 6


JONES AND VALLEY FARM LLP

GENERAL INFORMATION
FOR THE PERIOD 16TH OCTOBER 2023 TO 31ST MARCH 2024







DESIGNATED MEMBERS: Mrs F J Bernon
A C W Parker





REGISTERED OFFICE: 25 St Thomas Street
Winchester
Hampshire
SO23 9HJ





REGISTERED NUMBER: OC449535 (England and Wales)





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

JONES AND VALLEY FARM LLP (REGISTERED NUMBER: OC449535)

REPORT OF THE MEMBERS
FOR THE PERIOD 16TH OCTOBER 2023 TO 31ST MARCH 2024


The members present their report with the financial statements of the LLP for the period 16th October 2023 to 31st March 2024.

INCORPORATION
The LLP was incorporated on 16th October 2023 .

PRINCIPAL ACTIVITY
The principal activity of the LLP in the period under review was that of

DESIGNATED MEMBERS
The designated members during the period under review were:

Mrs F J Bernon
A C W Parker

RESULTS FOR THE PERIOD AND ALLOCATION TO MEMBERS
The loss for the period before members' remuneration and profit shares was £70,841.

MEMBERS' INTERESTS

ON BEHALF OF THE MEMBERS:





Mrs F J Bernon - Designated member


16th October 2024

JONES AND VALLEY FARM LLP (REGISTERED NUMBER: OC449535)

INCOME STATEMENT
FOR THE PERIOD 16TH OCTOBER 2023 TO 31ST MARCH 2024

Notes £   

TURNOVER 380

Cost of sales 18,202
GROSS LOSS (17,822 )

Administrative expenses 59,519
(77,341 )

Other operating income 6,500
LOSS FOR THE FINANCIAL PERIOD
BEFORE MEMBERS' REMUNERATION
AND PROFIT SHARES


4


(70,841


)

JONES AND VALLEY FARM LLP (REGISTERED NUMBER: OC449535)

BALANCE SHEET
31ST MARCH 2024

Notes £    £   
FIXED ASSETS
Tangible assets 5 137,181

CURRENT ASSETS
Stocks 25,725
Debtors 6 90,173
Cash at bank and in hand 461
116,359
CREDITORS
Amounts falling due within one year 7 2,000
NET CURRENT ASSETS 114,359
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

251,540

LOANS AND OTHER DEBTS DUE TO
MEMBERS

251,540

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 251,540
Amounts due from members 6 (35,348 )
216,192

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.

JONES AND VALLEY FARM LLP (REGISTERED NUMBER: OC449535)

BALANCE SHEET - continued
31ST MARCH 2024


The financial statements have been prepared in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The financial statements were approved by the members of the LLP and authorised for issue on 16th October 2024 and were signed by:




Mrs F J Bernon - Designated member




A C W Parker - Designated member


JONES AND VALLEY FARM LLP (REGISTERED NUMBER: OC449535)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 16TH OCTOBER 2023 TO 31ST MARCH 2024


1. STATUTORY INFORMATION

Jones and Valley 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.
Plant and machinery etc - 20% 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 1 .

4. LOSS FOR THE FINANCIAL PERIOD BEFORE MEMBERS' REMUNERATION AND PROFIT
SHARES

The loss for the financial period before members' remuneration and profit shares is stated after charging:

£   
Depreciation - owned assets 34,296

JONES AND VALLEY FARM LLP (REGISTERED NUMBER: OC449535)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 16TH OCTOBER 2023 TO 31ST MARCH 2024


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 171,477
At 31st March 2024 171,477
DEPRECIATION
Charge for period 34,296
At 31st March 2024 34,296
NET BOOK VALUE
At 31st March 2024 137,181

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 90,173

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other creditors 2,000