IRIS Accounts Production v24.2.0.383 NC001478 designated member designated member 1.1.23 31.12.23 31.12.23 0 0 false true false false true false 0 0 0 0 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhNC0014782022-12-31NC0014782023-12-31NC0014782023-01-012023-12-31NC0014782021-12-31NC0014782022-01-012022-12-31NC0014782022-12-31NC001478ns15:NorthernIreland2023-01-012023-12-31NC001478ns14:PoundSterling2023-01-012023-12-31NC001478ns10:PartnerLLP12023-01-012023-12-31NC001478ns10:PartnerLLP22023-01-012023-12-31NC001478ns10:LimitedLiabilityPartnershipLLP2023-01-012023-12-31NC001478ns10:SmallEntities2023-01-012023-12-31NC001478ns10:AuditExemptWithAccountantsReport2023-01-012023-12-31NC001478ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-31NC001478ns10:LimitedLiabilityPartnershipsSORP2023-01-012023-12-31NC001478ns10:FullAccounts2023-01-012023-12-31NC001478ns10:RegisteredOffice2023-01-012023-12-31NC001478ns5:CurrentFinancialInstruments2023-12-31NC001478ns5:CurrentFinancialInstruments2022-12-31NC001478ns5:Non-currentFinancialInstruments2023-12-31NC001478ns5:Non-currentFinancialInstruments2022-12-31NC001478ns5:OwnedAssets2023-01-012023-12-31NC001478ns5:OwnedAssets2022-01-012022-12-31NC001478ns5:PlantMachinery2022-12-31NC001478ns5:MotorVehicles2022-12-31NC001478ns5:PlantMachinery2023-01-012023-12-31NC001478ns5:MotorVehicles2023-01-012023-12-31NC001478ns5:PlantMachinery2023-12-31NC001478ns5:MotorVehicles2023-12-31NC001478ns5:PlantMachinery2022-12-31NC001478ns5:MotorVehicles2022-12-31NC001478ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-31NC001478ns5:WithinOneYearns5:CurrentFinancialInstruments2022-12-31NC001478ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-12-31NC001478ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2022-12-31
REGISTERED NUMBER: NC001478 (Northern Ireland)















CLONMORE WHOLESALE LLP

Members' Report and

Unaudited Financial Statements for the Year Ended 31 December 2023






CLONMORE WHOLESALE LLP (REGISTERED NUMBER: NC001478)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

General Information 1

Members' Report 2

Chartered Accountants' Report 3

Income Statement 4

Statement of Financial Position 5

Notes to the Financial Statements 7


CLONMORE WHOLESALE LLP

General Information
FOR THE YEAR ENDED 31 DECEMBER 2023







DESIGNATED MEMBERS: Eilish Dynes
Gerard Dynes





REGISTERED OFFICE: 154 Clonmore Road
Dungannon
Co. Tyrone
BT71 6HX





REGISTERED NUMBER: NC001478 (Northern Ireland)





ACCOUNTANTS: CavanaghKelly
Chartered Accountants
36-38 Northland Row
Dungannon
Co. Tyrone
BT71 6AP

CLONMORE WHOLESALE LLP (REGISTERED NUMBER: NC001478)

Members' Report
FOR THE YEAR ENDED 31 DECEMBER 2023

The members present their report with the financial statements of the LLP for the year ended 31 December 2023.

PRINCIPAL ACTIVITY
The principal activity of the LLP in the year under review was that of the sale of agricultural products.

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

Eilish Dynes
Gerard Dynes

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS
The profit for the year before members' remuneration and profit shares was £130,068 (2022 - £129,451 profit).

MEMBERS' INTERESTS
Members are permitted to make drawings in anticipation of profits which will be allocated to them. The members can decide on how much undistributed income will be retained within the LLP as capital.

SPECIAL PROVISIONS RELATING TO SMALL LIMITED LIABILITY PARTNERSHIPS
The above report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006 as modified by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, as amended relating to small LLP's.

ON BEHALF OF THE MEMBERS:





Gerard Dynes - Designated member


14 November 2024

Chartered Accountants' Report to the Members
on the Unaudited Financial Statements of
Clonmore Wholesale LLP


We have prepared for your approval the financial statements of Clonmore Wholesale LLP for the year which comprise the Trading, Profit and Loss Account, the Balance Sheet and related notes from the accounting records and information and explanations you have given to us.

This report is made solely to you, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Clonmore Wholesale LLP and state those matters that we have agreed to state to you in this report in accordance with the guidance of Chartered Accountants Ireland. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Clonmore Wholesale LLP for our work or for this report.

We have carried out this engagement in accordance with technical guidance issued by Chartered Accountants Ireland and have complied with the ethical guidance laid down by Chartered Accountants Ireland.

You have approved the Trading, Profit and Loss Account, the Balance Sheet and related notes for the year ended 31 December 2023 and have acknowledged your responsibility for them, for the appropriateness of the financial reporting framework adopted and for providing all information and explanations necessary for their compilation.

We have not been instructed to carry out an audit or a review of the financial statements of Clonmore Wholesale LLP. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial information.






CavanaghKelly
Chartered Accountants
36-38 Northland Row
Dungannon
Co. Tyrone
BT71 6AP


14 November 2024

CLONMORE WHOLESALE LLP (REGISTERED NUMBER: NC001478)

Income Statement
FOR THE YEAR ENDED 31 DECEMBER 2023

2023 2022
Notes £ £

REVENUE 552,140 432,326

Cost of sales (452,207 ) (360,511 )
GROSS PROFIT 99,933 71,815

Administrative expenses (105,090 ) (57,840 )
(5,157 ) 13,975

Other operating income 138,634 118,913
OPERATING PROFIT 133,477 132,888

Interest receivable and similar income 46 6
133,523 132,894

Interest payable and similar expenses (3,455 ) (3,443 )
PROFIT FOR THE FINANCIAL YEAR
BEFORE MEMBERS' REMUNERATION
AND PROFIT SHARES


0


130,068


129,451

PROFIT FOR THE FINANCIAL YEAR
BEFORE MEMBERS' REMUNERATION
AND PROFIT SHARES


130,068


129,451

Members' remuneration charged as an
expense

6

(130,068

)

(129,451

)
PROFIT FOR THE FINANCIAL YEAR
AVAILABLE FOR DISCRETIONARY
DIVISION AMONG MEMBERS


-


-

CLONMORE WHOLESALE LLP (REGISTERED NUMBER: NC001478)

Statement of Financial Position
31 DECEMBER 2023

2023 2022
Notes £ £
NON-CURRENT ASSETS
Property, plant and equipment 7 123,145 51,952

CURRENT ASSETS
Inventories 8 198,750 224,544
Receivables 9 2,763 22,518
Cash at bank 180,621 74,406
382,134 321,468
PAYABLES
Amounts falling due within one year 10 (78,789 ) (83,528 )
NET CURRENT ASSETS 303,345 237,940
TOTAL ASSETS LESS CURRENT
LIABILITIES

426,490

289,892

PAYABLES
Amounts falling due after more than
one year

11

(20,633

)

(27,367

)
NET ASSETS ATTRIBUTABLE TO
MEMBERS

405,857

262,525

LOANS AND OTHER DEBTS DUE TO
MEMBERS

12

405,857

262,525

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 12 405,857 262,525

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 year ended 31 December 2023.

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.

CLONMORE WHOLESALE LLP (REGISTERED NUMBER: NC001478)

Statement of Financial Position - continued
31 DECEMBER 2023


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 14 November 2024 and were signed by:




Gerard Dynes - Designated member




Eilish Dynes - Designated member


CLONMORE WHOLESALE LLP (REGISTERED NUMBER: NC001478)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Clonmore Wholesale LLP is registered in Northern Ireland. The LLP's registered number and registered office address can be found on the General Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

The financial statements of the LLP have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland", applying Section 1A of the Standard, issued by the Financial Reporting Council and in accordance with the Companies Act 2006 as applied to limited liability partnerships by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

3. ACCOUNTING POLICIES

Basis of preparation
The financial statements have been prepared under the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.

The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the LLP's financial statements.

Revenue
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Property, plant and equipment
Property, plant and equipment are stated at cost or at valuation, less accumulated depreciation. 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.

The charge to depreciation is calculated to write off the original cost or valuation of property, plant and equipment, less their estimated residual value, over their expected useful lives as follows:

Plant and machinery- 25% Straight Line

The carrying values of property, plant and equipment are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.

Inventories
Inventories are valued at the lower of cost and net realisable value. Cost comprises expenditure incurred in the normal course of business in bringing inventories to their present location and condition. Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Cash flow statement
The LLP has availed of the exemption in FRS 102 from the requirement to produce a cash flow statement because it is classed as a small LLP.

CLONMORE WHOLESALE LLP (REGISTERED NUMBER: NC001478)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

3. ACCOUNTING POLICIES - continued

Members' remuneration
Members' remuneration is treated as a charge against profits. It includes profits that are automatically divided between members by virtue of the members' agreement. A member's share in the Income Statement for the year is accounted for as an allocation of profits.

4. EMPLOYEE INFORMATION

There were no staff costs for the year ended 31 December 2023 nor for the year ended 31 December 2022.

The average number of employees during the year was NIL (2022 - NIL).

5. OPERATING PROFIT

The operating profit is stated after charging/(crediting):

2023 2022
£ £
Depreciation - owned assets 16,916 9,480
Profit on disposal of fixed assets (2,599 ) -
Foreign exchange differences 109 45

6. INFORMATION IN RELATION TO MEMBERS
2023 2022
£ £
Members' remuneration charged as an expense
Automatic division of profit 130,068 129,451

7. PROPERTY, PLANT AND EQUIPMENT
Plant and Motor
machinery vehicles Totals
£ £ £
COST
At 1 January 2023 24,760 43,520 68,280
Additions 21,460 80,750 102,210
Disposals - (14,790 ) (14,790 )
At 31 December 2023 46,220 109,480 155,700
DEPRECIATION
At 1 January 2023 6,396 9,932 16,328
Charge for year 7,571 9,345 16,916
Eliminated on disposal - (689 ) (689 )
At 31 December 2023 13,967 18,588 32,555
NET BOOK VALUE
At 31 December 2023 32,253 90,892 123,145
At 31 December 2022 18,364 33,588 51,952

8. INVENTORIES
2023 2022
£ £
Inventories 198,750 224,544

CLONMORE WHOLESALE LLP (REGISTERED NUMBER: NC001478)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

9. RECEIVABLES LESS THAN ONE YEAR
2023 2022
£ £
Trade receivables - 18,248
Other receivables 2,763 4,270
2,763 22,518

10. PAYABLES LESS THAN ONE YEAR
2023 2022
£ £
Loans 7,463 7,463
Hire purchase contracts 15,519 7,191
Trade payables 18,191 60,963
VAT 35,116 6,711
Accruals and deferred income 2,500 1,200
78,789 83,528

11. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£ £
Loans 10,605 17,575
Hire purchase contracts 10,028 9,792
20,633 27,367

12. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members are unsecured and would rank equally with other unsecured creditors in the event of a winding up.