Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-04-01falseThe principal object of the LLP was farming. The LLP sold it's land at Elsenham in the year ended 31 March 2022 but continued to farm family trust land at Stansted until it stopped trading on 31 March 2024.22truetruefalse OC400870 2023-04-01 2024-03-31 OC400870 2022-04-01 2023-03-31 OC400870 2024-03-31 OC400870 2023-03-31 OC400870 c:PlantMachinery 2023-04-01 2024-03-31 OC400870 c:PlantMachinery 2024-03-31 OC400870 c:PlantMachinery 2023-03-31 OC400870 c:CurrentFinancialInstruments 2024-03-31 OC400870 c:CurrentFinancialInstruments 2023-03-31 OC400870 c:CurrentFinancialInstruments c:WithinOneYear 2024-03-31 OC400870 c:CurrentFinancialInstruments c:WithinOneYear 2023-03-31 OC400870 d:FRS102 2023-04-01 2024-03-31 OC400870 d:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 OC400870 d:FullAccounts 2023-04-01 2024-03-31 OC400870 d:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC400870 2 2023-04-01 2024-03-31 OC400870 d:PartnerLLP1 2023-04-01 2024-03-31 OC400870 d:PartnerLLP6 2023-04-01 2024-03-31 OC400870 c:OtherCapitalInstrumentsClassifiedAsEquity 2024-03-31 OC400870 c:OtherCapitalInstrumentsClassifiedAsEquity 2023-03-31 OC400870 c:FurtherSpecificReserve2ComponentTotalEquity 2024-03-31 OC400870 c:FurtherSpecificReserve2ComponentTotalEquity 2023-03-31 OC400870 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure
Registered number: OC400870









MORTON FARMING LLP

UNAUDITED

FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
MORTON FARMING LLP
REGISTERED NUMBER: OC400870

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
-
11

  
-
11

Current assets
  

Stocks
  
-
2,812

Debtors: amounts falling due within one year
 5 
761
16,262

Cash at bank and in hand
  
-
184,349

  
761
203,423

Creditors: Amounts Falling Due Within One Year
 6 
(4,595)
(9,112)

Net current (liabilities)/assets
  
 
 
(3,834)
 
 
194,311

Total assets less current liabilities
  
(3,834)
194,322

  

Net (liabilities)/assets
  
(3,834)
194,322


Represented by:
  

Loans and other debts due to members within one year
  

Members' other interests
  

Members' capital classified as equity
  
14,000
14,000

Other reserves classified as equity
  
(17,834)
180,322

  
 
(3,834)
 
194,322

  
(3,834)
194,322


Total members' interests
  

Members' other interests
  
(3,834)
194,322

  
(3,834)
194,322


Page 1

 
MORTON FARMING LLP
REGISTERED NUMBER: OC400870

BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 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 on 4 November 2024.






Mr C R Morton
Mr M Morton
Designated member
Designated member

Page 2

 
MORTON FARMING LLP
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Morton Farming LLP is a limited liability patnership incorporated in England within the United Kingdom. The address of the registered office is Parsonage Farm, Forest Hall Road, Stansted, Essex, CM24 8TY. The LLP is not part of a group.
The company ceased trading on 31 March 2024.

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 following principal accounting policies have been applied:

 
2.2

Basis other than going concern

The Company ceased trading on 31 March 2024 and, as a result, the financial statements are prepared on a basis other than going concern.

 
2.3

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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the LLP has transferred the significant risks and rewards of ownership to the buyer;
the LLP retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the LLP will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.4

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.

Page 3

 
MORTON FARMING LLP
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)


2.4
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
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 the Statement of Comprehensive Income.

 
2.5

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in the Statement of Comprehensive Income.

 
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.

 
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.

 
2.9

Interest income

Interest income is recognised in the Statement of Comprehensive Income using the effective interest method.

 
2.10

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 4

 
MORTON FARMING LLP
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

3.


Employees




The average monthly number of persons (including members with contracts of employment) employed during the year was as follows:


        2024
        2023
            No.
            No.







Total
2
2


4.


Tangible fixed assets





Plant and machinery

£





At 1 April 2023
69


Disposals
(69)



At 31 March 2024

-





At 1 April 2023
58


Disposals
(58)



At 31 March 2024

-



Net book value



At 31 March 2024
-



At 31 March 2023
11

Page 5

 
MORTON FARMING LLP
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Debtors

2024
2023
£
£


Other debtors
761
777

Prepayments and accrued income
-
15,485

761
16,262



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
1,050
-

Accruals and deferred income
3,545
9,112

4,595
9,112



Page 6