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REGISTERED NUMBER: OC381941 (England and Wales)













Report of the Members and

Financial Statements

for the Year Ended 5 April 2024

for

Arboretum Partners LLP

Arboretum Partners LLP (Registered number: OC381941)






Contents of the Financial Statements
for the Year Ended 5 April 2024




Page

General Information 1

Report of the Members 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 6


Arboretum Partners LLP

General Information
for the Year Ended 5 April 2024







DESIGNATED MEMBERS: J H Sutcliffe
Mrs E S Sutcliffe



REGISTERED OFFICE: Upper Tetchwick Farm
Bicester Road
Kingswood
Buckinghamshire
HP18 0RD



REGISTERED NUMBER: OC381941 (England and Wales)



ACCOUNTANTS: Strutt & Parker
Coval Hall
Rainsford Road
Chelmsford
Essex
CM1 2QF



AGENTS: Strutt & Parker
269 Banbury Road
Summertown
Oxford
OX2 7LL

Arboretum Partners LLP (Registered number: OC381941)

Report of the Members
for the Year Ended 5 April 2024

The members present their report with the financial statements of the LLP for the year ended 5 April 2024.

PRINCIPAL ACTIVITY
The principal activity of the LLP in the year under review was that of arable and livestock farming, land ownership and consultancy advice.

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

J H Sutcliffe
Mrs E S Sutcliffe

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS
The loss for the year before members' remuneration and profit shares was £22,550 (2023 - £177,166 profit).

MEMBERS' INTERESTS

ON BEHALF OF THE MEMBERS:





J H Sutcliffe - Designated member


14 October 2024

Arboretum Partners LLP (Registered number: OC381941)

Income Statement
for the Year Ended 5 April 2024

2024 2023
Notes £    £   

TURNOVER 298,745 324,210

Cost of sales (303,640 ) (238,299 )
GROSS (LOSS)/PROFIT (4,895 ) 85,911

Distribution costs (2,746 ) (1,404 )
Administrative expenses (127,588 ) (120,680 )
(135,229 ) (36,173 )

Other operating income 184,667 285,766
OPERATING PROFIT 4 49,438 249,593

Interest receivable and similar income 502 62
49,940 249,655

Interest payable and similar expenses (72,490 ) (72,489 )
(LOSS)/PROFIT FOR THE FINANCIAL YEAR
BEFORE MEMBERS' REMUNERATION AND
PROFIT SHARES AVAILABLE FOR
DISCRETIONARY DIVISION AMONG
MEMBERS




(22,550




)




177,166

Arboretum Partners LLP (Registered number: OC381941)

Balance Sheet
5 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 38 93
Tangible assets 6 5,700,856 5,722,142
5,700,894 5,722,235

CURRENT ASSETS
Stocks 159,224 249,067
Debtors 7 32,320 54,944
Cash at bank 236,285 58,272
427,829 362,283
CREDITORS
Amounts falling due within one year 8 79,003 22,417
NET CURRENT ASSETS 348,826 339,866
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,049,720

6,062,101

CREDITORS
Amounts falling due after more than one year 9 - 2,843
NET ASSETS ATTRIBUTABLE TO MEMBERS 6,049,720 6,059,258

LOANS AND OTHER DEBTS DUE TO
MEMBERS

10

1,509,840

1,716,758

MEMBERS' OTHER INTERESTS
Capital accounts 4,539,880 4,342,500
6,049,720 6,059,258

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 10 1,509,840 1,716,758
Members' other interests 4,539,880 4,342,500
6,049,720 6,059,258

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 5 April 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.

Arboretum Partners LLP (Registered number: OC381941)

Balance Sheet - continued
5 April 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 14 October 2024 and were signed by:





J H Sutcliffe - Designated member

Arboretum Partners LLP (Registered number: OC381941)

Notes to the Financial Statements
for the Year Ended 5 April 2024

1. STATUTORY INFORMATION

Arboretum Partners 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.

Basic Payment Entitlements are being amortised evenly over their estimated useful life of six years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - 0%
Plant and machinery - 15% on reducing balance
Motor vehicles - 15% on reducing balance and Straight line over 4 years

Stocks
Stocks are valued in accordance with current RICS and CAAV guidance, the UK GAAP accounting
standards, HMRC BIM55410 (also known as Helpsheet HS232 titled “Farm Stock Valuation” (previously BEN19) and Statement of Standard Accounting Practice 9 (SSAP9) issued by the Accounting Standards Board.

Stocks are valued at the lower of cost and net realisable value.

Cattle have been valued on a deemed cost basis which has been calculated at 60% of market value.

Crops in store have been valued on a deemed cost basis which has been calculated at 75% of market value.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2023 - 3 ).

Arboretum Partners LLP (Registered number: OC381941)

Notes to the Financial Statements - continued
for the Year Ended 5 April 2024

4. OPERATING PROFIT

The operating profit is stated after charging:

2024 2023
£    £   
Depreciation - owned assets 12,971 13,764
Basic Payment Entitlements amortisation 55 4,703

5. INTANGIBLE FIXED ASSETS
Basic
Payment
Entitlements
£   
COST
At 6 April 2023
and 5 April 2024 47,018
AMORTISATION
At 6 April 2023 46,925
Amortisation for year 55
At 5 April 2024 46,980
NET BOOK VALUE
At 5 April 2024 38
At 5 April 2023 93

6. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and Motor
property property machinery vehicles Totals
£    £    £    £    £   
COST
At 6 April 2023 5,625,001 76,974 121,463 27,745 5,851,183
Disposals - - (8,000 ) - (8,000 )
At 5 April 2024 5,625,001 76,974 113,463 27,745 5,843,183
DEPRECIATION
At 6 April 2023 - 28,568 83,132 17,341 129,041
Charge for year - 7,261 5,710 6,936 19,907
Charge written back - - (6,621 ) - (6,621 )
At 5 April 2024 - 35,829 82,221 24,277 142,327
NET BOOK VALUE
At 5 April 2024 5,625,001 41,145 31,242 3,468 5,700,856
At 5 April 2023 5,625,001 48,406 38,331 10,404 5,722,142

Arboretum Partners LLP (Registered number: OC381941)

Notes to the Financial Statements - continued
for the Year Ended 5 April 2024

6. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 6 April 2023
and 5 April 2024 27,745
DEPRECIATION
At 6 April 2023 17,341
Charge for year 6,936
At 5 April 2024 24,277
NET BOOK VALUE
At 5 April 2024 3,468
At 5 April 2023 10,404

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 16,178 27,492
VAT 11,220 27,452
Prepayments and accrued income 4,922 -
32,320 54,944

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 2,843 5,686
Trade creditors 59,485 6,232
Accrued expenses 16,675 10,499
79,003 22,417

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts - 2,843

10. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank equally with debts due to ordinary creditors in a
winding up.