Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-3122023-08-01falsetrueproperty letting and agriculture.2falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false OC423401 2023-08-01 2024-03-31 OC423401 2022-08-01 2023-07-31 OC423401 2024-03-31 OC423401 2023-07-31 OC423401 c:Director3 2023-08-01 2024-03-31 OC423401 d:Buildings 2023-08-01 2024-03-31 OC423401 d:Buildings 2024-03-31 OC423401 d:Buildings 2023-07-31 OC423401 d:Buildings d:OwnedOrFreeholdAssets 2023-08-01 2024-03-31 OC423401 d:PlantMachinery 2023-08-01 2024-03-31 OC423401 d:PlantMachinery 2024-03-31 OC423401 d:PlantMachinery 2023-07-31 OC423401 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-08-01 2024-03-31 OC423401 d:MotorVehicles 2023-08-01 2024-03-31 OC423401 d:MotorVehicles 2024-03-31 OC423401 d:MotorVehicles 2023-07-31 OC423401 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-08-01 2024-03-31 OC423401 d:FurnitureFittings 2023-08-01 2024-03-31 OC423401 d:FurnitureFittings 2024-03-31 OC423401 d:FurnitureFittings 2023-07-31 OC423401 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-08-01 2024-03-31 OC423401 d:OfficeEquipment 2023-08-01 2024-03-31 OC423401 d:OfficeEquipment 2024-03-31 OC423401 d:OfficeEquipment 2023-07-31 OC423401 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-08-01 2024-03-31 OC423401 d:OwnedOrFreeholdAssets 2023-08-01 2024-03-31 OC423401 d:CurrentFinancialInstruments 2024-03-31 OC423401 d:CurrentFinancialInstruments 2023-07-31 OC423401 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 OC423401 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 OC423401 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2024-03-31 OC423401 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-07-31 OC423401 c:FRS102 2023-08-01 2024-03-31 OC423401 c:AuditExempt-NoAccountantsReport 2023-08-01 2024-03-31 OC423401 c:FullAccounts 2023-08-01 2024-03-31 OC423401 c:LimitedLiabilityPartnershipLLP 2023-08-01 2024-03-31 OC423401 2 2023-08-01 2024-03-31 OC423401 c:PartnerLLP1 2023-08-01 2024-03-31 OC423401 c:PartnerLLP2 2023-08-01 2024-03-31 OC423401 d:FurtherSpecificReserve3ComponentTotalEquity 2024-03-31 OC423401 d:FurtherSpecificReserve3ComponentTotalEquity 2023-07-31 OC423401 e:PoundSterling 2023-08-01 2024-03-31 iso4217:GBP xbrli:pure
Registered number: OC423401














HINXHILL ESTATE LLP
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE PERIOD ENDED 31 MARCH 2024

 
HINXHILL ESTATE LLP
REGISTERED NUMBER:OC423401

BALANCE SHEET
AS AT 31 MARCH 2024

31 March
31 July
2024
2023
Note

FIXED ASSETS
  

Tangible assets
 4 
14,392,501
14,641,808

CURRENT ASSETS
  

Stocks
  
387,175
299,307

Debtors: amounts falling due within one year
 5 
144,817
198,896

Cash at bank and in hand
  
1,099,615
481,312

  
1,631,607
979,515

Creditors: Amounts Falling Due Within One Year
 6 
(246,462)
(391,514)

NET CURRENT ASSETS
  
 
 
1,385,145
 
 
588,001

TOTAL ASSETS LESS CURRENT LIABILITIES
  
15,777,646
15,229,809

  

NET ASSETS
  
15,777,646
15,229,809


REPRESENTED BY:
  

LOANS AND OTHER DEBTS DUE TO MEMBERS WITHIN ONE YEAR
  

Members' capital classified as a liability
  
12,317,351
12,317,351

Other amounts
 8 
3,460,295
2,912,458

  
15,777,646
15,229,809

  

  
15,777,646
15,229,809


TOTAL MEMBERS' INTERESTS
  

Loans and other debts due to members
 8 
15,777,646
15,229,809

  
15,777,646
15,229,809

Page 1

 
HINXHILL ESTATE LLP
REGISTERED NUMBER:OC423401

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 profit and loss account 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 18 November 2024.




___________________________
P R Houchin
___________________________
J R Houchin
Designated member
Designated member



___________________________
J L Houchin
Designated member




The notes on pages 4 to 8 form part of these financial statements.

Page 2

 

HINXHILL ESTATE LLP
 
 
 


RECONCILIATION OF MEMBERS' INTERESTS
FOR THE PERIOD ENDED 31 MARCH 2024





DEBT
Loans and other debts due to members less any amounts due from members in debtors
Members' capital (classified as debt)
Other amounts
Total

Members' interests after profit for the period
12,317,351
-
12,317,351

Amounts introduced by members
-
4,764,238
4,764,238

Drawings
 
-
(1,851,780)
(1,851,780)

Amounts due to members
 
12,317,351
2,912,458
15,229,809

Balance at 31 July 2023
12,317,351
-
12,317,351

Members' interests after profit for the period
12,317,351
-
12,317,351

Amounts introduced by members
-
4,634,674
4,634,674

Drawings
 
-
(1,174,379)
(1,174,379)

Amounts due to members
 
12,317,351
3,460,295
15,777,646

Balance at 31 March 2024 
12,317,351
3,460,295
15,777,646

The notes on pages 4 to 8 form part of these financial statements.

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

 
HINXHILL ESTATE LLP
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

1.


General information

Hinxhill Estate LLP is a limited liability partnership incorporated in England and Wales.  The registered office is Henwood House, Henwood, Ashford, Kent, TN24 8DH.

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

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.

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

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 4

 
HINXHILL ESTATE LLP
 

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 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 .

 
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, on a reducing balance basis.

Depreciation is provided on the following basis:

Hinxhill freehold property
-
Not depreciated
Plant and machinery
-
15-25% reducing balance
Motor vehicles
-
25% reducing balance
Fixtures and fittings
-
15-25% reducing balance
Office equipment
-
15-25% reducing balance

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

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 profit or loss.

 
2.7

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.

Page 5

 
HINXHILL ESTATE LLP
 

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

2.Accounting policies (continued)

 
2.8

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.

 
2.9

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 average monthly number of employees, including directors, during the period was 2 (2023 - 2).


4.


Tangible fixed assets







Freehold property
Plant and machinery
Motor vehicles
Fixtures and fittings
Office equipment
Total



Cost or valuation


At 1 August 2023
12,535,682
1,586,076
666,436
930,840
3,088
15,722,122


Additions
-
8,525
-
-
839
9,364



At 31 March 2024

12,535,682
1,594,601
666,436
930,840
3,927
15,731,486



Depreciation


At 1 August 2023
-
439,000
178,602
462,457
256
1,080,315


Charge for the period on owned assets
-
114,831
81,307
62,056
476
258,670



At 31 March 2024

-
553,831
259,909
524,513
732
1,338,985



Net book value



At 31 March 2024
12,535,682
1,040,770
406,527
406,327
3,195
14,392,501



At 31 July 2023
12,535,682
1,147,077
487,834
468,383
2,832
14,641,808

Page 6

 
HINXHILL ESTATE LLP
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

5.


Debtors

31 March
31 July
2024
2023


Trade debtors
64,898
136,784

Other debtors
2,642
25,482

Prepayments and accrued income
77,276
36,630

144,816
198,896



6.


Creditors: Amounts falling due within one year

31 March
31 July
2024
2023

Trade creditors
66,209
59,858

Other taxation and social security
6,559
1,402

Other creditors
1,807
19

Accruals and deferred income
171,887
330,235

246,462
391,514



7.


Financial instruments

31 March
31 July
2024
2023

Financial assets


Financial assets measured at fair value through profit or loss
1,099,615
481,312




Financial assets measured at fair value through profit or loss comprise cash at bank and in hand.

Page 7

 
HINXHILL ESTATE LLP
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

8.


Loans and other debts due to members


31 March
31 July
2024
2023



Members' capital treated as debt
12,317,351
12,317,351

Other amounts due to members
3,460,295
2,912,458

15,777,646
15,229,809



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


Page 8