Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-052024-04-05false2023-04-06No description of principal activity00truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false OC441058 2023-04-06 2024-04-05 OC441058 2022-02-15 2023-04-05 OC441058 2024-04-05 OC441058 2023-04-05 OC441058 c:MotorVehicles 2023-04-06 2024-04-05 OC441058 c:MotorVehicles 2024-04-05 OC441058 c:MotorVehicles 2023-04-05 OC441058 c:MotorVehicles c:OwnedOrFreeholdAssets 2023-04-06 2024-04-05 OC441058 c:CurrentFinancialInstruments 2024-04-05 OC441058 c:CurrentFinancialInstruments 2023-04-05 OC441058 c:CurrentFinancialInstruments c:WithinOneYear 2024-04-05 OC441058 c:CurrentFinancialInstruments c:WithinOneYear 2023-04-05 OC441058 d:FRS102 2023-04-06 2024-04-05 OC441058 d:AuditExempt-NoAccountantsReport 2023-04-06 2024-04-05 OC441058 d:FullAccounts 2023-04-06 2024-04-05 OC441058 d:LimitedLiabilityPartnershipLLP 2023-04-06 2024-04-05 OC441058 d:PartnerLLP2 2023-04-06 2024-04-05 OC441058 c:OtherCapitalInstrumentsClassifiedAsEquity 2024-04-05 OC441058 c:OtherCapitalInstrumentsClassifiedAsEquity 2023-04-05 OC441058 e:PoundSterling 2023-04-06 2024-04-05 iso4217:GBP xbrli:pure

Registered number: OC441058










SHILLAND FARM LLP








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2024

 
SHILLAND FARM LLP
REGISTERED NUMBER: OC441058

BALANCE SHEET
AS AT 5 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
9,574
27,518

  
9,574
27,518

Current assets
  

Debtors: amounts falling due within one year
 5 
3,200
3,532

Cash at bank and in hand
 6 
10,035
9,187

  
13,235
12,719

Creditors: Amounts Falling Due Within One Year
 7 
(3,055)
(2,452)

Net current assets
  
 
 
10,180
 
 
10,267

Total assets less current liabilities
  
19,754
37,785

Net assets
  
19,754
37,785


Represented by:
  

Loans and other debts due to members within one year
  

Members' other interests
  

Members' capital classified as equity
  
19,754
37,785

  
 
19,754
 
37,785

  
19,754
37,785


Total members' interests
  

Members' other interests
  
19,754
37,785

  
19,754
37,785


Page 1

 
SHILLAND FARM LLP
REGISTERED NUMBER: OC441058

BALANCE SHEET (CONTINUED)
AS AT 5 APRIL 2024

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

The entity 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.

The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, with respect to accounting records and the preparation of financial statements.

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

The entity has opted not to file the statement of comprehensive income in accordance with the provisions applicable to entities subject to the small LLPs regime.

The financial statements were approved and authorised for issue by the members and were signed on their behalf by: 




M Sears
Designated member

Date: 16 October 2024

The notes on pages 4 to 7 form part of these financial statements.

Page 2

 
SHILLAND FARM LLP
 

RECONCILIATION OF MEMBERS' INTERESTS
FOR THE YEAR ENDED 5 APRIL 2024




EQUITY
Members' other interests
Members' capital (classified as equity)
Total

£
£

Other division of losses
(27,334)
(27,334)

Amounts introduced by members
65,119
65,119

Balance at 5 April 2023
37,785
37,785

Members' interests after profit for the year
37,785
37,785

Other division of losses
(38,531)
(38,531)

Amounts introduced by members
20,500
20,500

Balance at 5 April 2024 
19,754
19,754

There are no existing restrictions or limitations which impact the ability of the members of the LLP to reduce the amount of Members' other interests.

Page 3

 
SHILLAND FARM LLP
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024

1.


General information

Shilland Farm LLP is a limited liability partnership incorporated in England and Wales.
The LLP's registered office address is Unit 6, Lake End Court, Taplow Road, Maidenhead, Berkshire, SL6 0JQ.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the LLP's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the LLP and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the LLP will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Government grants

Grants of a capital nature are accounted under the performance basis model as permitted by FRS 102. Grants are accounted for on receipt and recognised in the Statement of comprehensive income if all performance conditions have been met in full. 
Grants of a revenue nature are also accounted under the performance basis model and are recognised in the Statement of comprehensive income if all performance conditions have been met in full.

Page 4

 
SHILLAND FARM LLP
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024

2.Accounting policies (continued)

 
2.4

Division and distribution of profits

A division of profits is the mechanism by which the profits of an LLP become a debt due to members. A division may be automatic or discretionary, may relate to some or all of the profits for a financial period and may take place during or after the end of a financial period.

An automatic division of profits is one where the LLP does not have an unconditional right to avoid making a division of an amount of profits based on the members' agreement in force at the time, whereas a discretionary division of profits requires a decision to be made by the LLP, which it has the unconditional right to avoid making.

The LLP divides profits automatically. Automatic divisions of profits are recognised as 'Members' remuneration charged as an expense in .

In the event of the LLP making losses, the loss is recognised as a credit amount of 'Members' remuneration charged as an expense where it is automatically divided or as a debit within equity under 'Other reserves' if not divided automatically.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Motor vehicles
-
20%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 5

 
SHILLAND FARM LLP
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024

2.Accounting policies (continued)

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees




The entity has no employees.


4.


Tangible fixed assets





Motor vehicles

£



Cost or valuation


At 6 April 2023
34,397


Additions
11,489


Disposals
(34,397)



At 5 April 2024

11,489



Depreciation


At 6 April 2023
6,879


Charge for the year on owned assets
1,915


Disposals
(6,879)



At 5 April 2024

1,915



Net book value



At 5 April 2024
9,574



At 5 April 2023
27,518

Page 6

 
SHILLAND FARM LLP
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024

5.


Debtors

2024
2023
£
£

Trade debtors
-
1,900

Other debtors
2,846
1,231

Prepayments
354
401

3,200
3,532



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
10,035
9,187

10,035
9,187



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
498
58

Accruals and deferred income
2,557
2,394

3,055
2,452



Page 7