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REGISTERED NUMBER: OC400596 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Dunwood Farm LLP

Dunwood Farm LLP (Registered number: OC400596)

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Dunwood Farm LLP

General Information
for the Year Ended 31 March 2024







DESIGNATED MEMBERS: W A J Pearson
A W P N Pearson
Mrs C Pearson





REGISTERED OFFICE: Dunwood Farm
Longsdon
Stoke on Trent
Staffordshire
ST9 9QW





REGISTERED NUMBER: OC400596 (England and Wales)

Dunwood Farm LLP (Registered number: OC400596)

Balance Sheet
31 March 2024

31/3/24 31/3/23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 174,531 120,290
174,531 120,290

CURRENT ASSETS
Stocks 55,272 38,764
Debtors 6 149,155 112,629
Cash at bank 1,899 984
206,326 152,377
CREDITORS
Amounts falling due within one year 7 179,070 122,398
NET CURRENT ASSETS 27,256 29,979
TOTAL ASSETS LESS CURRENT
LIABILITIES

201,787

150,269

CREDITORS
Amounts falling due after more than one
year

8

41,027

43,506
NET ASSETS ATTRIBUTABLE TO
MEMBERS

160,760

106,763

Dunwood Farm LLP (Registered number: OC400596)

Balance Sheet - continued
31 March 2024

31/3/24 31/3/23
Notes £    £    £    £   
LOANS AND OTHER DEBTS DUE TO
MEMBERS

10

82,368

55,183

MEMBERS' OTHER INTERESTS
Capital accounts 78,392 51,580
160,760 106,763

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 10 82,368 55,183
Members' other interests 78,392 51,580
160,760 106,763

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 March 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.

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

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 6 November 2024 and were signed by:





W A J Pearson - Designated member

Dunwood Farm LLP (Registered number: OC400596)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

Dunwood Farm LLP is registered in England and Wales. 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. 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.

Website are being amortised evenly over their estimated useful life of three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Dunwood Farm LLP (Registered number: OC400596)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangement entered into. An equity instrument in any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non- current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 11 (2023 - 11 ) .

Dunwood Farm LLP (Registered number: OC400596)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2023
and 31 March 2024 3,102
AMORTISATION
At 1 April 2023
and 31 March 2024 3,102
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 221,250
Additions 80,060
At 31 March 2024 301,310
DEPRECIATION
At 1 April 2023 100,960
Charge for year 25,819
At 31 March 2024 126,779
NET BOOK VALUE
At 31 March 2024 174,531
At 31 March 2023 120,290

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Trade debtors 137,617 109,730
Other debtors 11,538 2,899
149,155 112,629

Dunwood Farm LLP (Registered number: OC400596)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Bank loans and overdrafts 19,111 18,179
Hire purchase contracts 44,439 8,720
Trade creditors 114,520 84,499
Other creditors 1,000 11,000
179,070 122,398

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/3/24 31/3/23
£    £   
Bank loans 41,027 43,506

9. SECURED DEBTS

The following secured debts are included within creditors:

31/3/24 31/3/23
£    £   
Bank loans 51,689 59,990

Bank Loans are secured on members private freehold property and guaranteed by them.

10. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank equally with debts due to unsecured creditors in the event of a winding up. There is no provision for specific legally enforceable protection afforded to creditors in such an event. There are no restrictions or limiations on the ability of the members to reduce the amount of Members 'other interests'.