Acorah Software Products - Accounts Production 16.0.110 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 OC359201 P J Bartlett A R Bartlett iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC359201 2023-03-31 OC359201 2024-03-31 OC359201 2023-04-01 2024-03-31 OC359201 frs-core:CurrentFinancialInstruments 2024-03-31 OC359201 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-04-01 2024-03-31 OC359201 frs-core:FurnitureFittings 2024-03-31 OC359201 frs-core:FurnitureFittings 2023-04-01 2024-03-31 OC359201 frs-core:FurnitureFittings 2023-03-31 OC359201 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-31 OC359201 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 OC359201 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-31 OC359201 frs-core:MotorVehicles 2024-03-31 OC359201 frs-core:MotorVehicles 2023-04-01 2024-03-31 OC359201 frs-core:MotorVehicles 2023-03-31 OC359201 frs-core:OtherResidualIntangibleAssets 2024-03-31 OC359201 frs-core:OtherResidualIntangibleAssets 2023-03-31 OC359201 frs-core:PlantMachinery 2024-03-31 OC359201 frs-core:PlantMachinery 2023-04-01 2024-03-31 OC359201 frs-core:PlantMachinery 2023-03-31 OC359201 frs-bus:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC359201 frs-bus:LimitedLiabilityPartnershipsSORP 2023-04-01 2024-03-31 OC359201 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 OC359201 frs-bus:SmallEntities 2023-04-01 2024-03-31 OC359201 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 OC359201 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 OC359201 frs-countries:EnglandWales 2023-04-01 2024-03-31 OC359201 frs-bus:PartnerLLP1 2023-04-01 2024-03-31 OC359201 frs-bus:PartnerLLP2 2023-04-01 2024-03-31 OC359201 2022-03-31 OC359201 2023-03-31 OC359201 2022-04-01 2023-03-31 OC359201 frs-core:CurrentFinancialInstruments 2023-03-31 OC359201 frs-core:OtherReservesSubtotal 2022-03-31
Registered number: OC359201
Cleeves Farm Estates LLP
Financial Statements
For The Year Ended 31 March 2024
Avant Advisory Ltd
Chartered Certified Accountants
124 City Road
London
EC1V 2NX
Financial Statements
Contents
Page
Balance Sheet 1—2
Reconciliation of Members' Interests 3—4
Notes to the Financial Statements 4—6
Page 1
Balance Sheet
Registered number: OC359201
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,945,295 1,959,265
1,945,295 1,959,265
CURRENT ASSETS
Stocks 5 38,254 50,066
Debtors 6 86,204 35,433
Investments 7 21,000 21,000
Cash at bank and in hand 61,469 44,642
206,927 151,141
Creditors: Amounts Falling Due Within One Year 8 (59,026 ) (42,693 )
NET CURRENT ASSETS (LIABILITIES) 147,901 108,448
TOTAL ASSETS LESS CURRENT LIABILITIES 2,093,196 2,067,713
NET ASSETS ATTRIBUTABLE TO MEMBERS 2,093,196 2,067,713
REPRESENTED BY:
Equity
Members' other interests
Members' capital 2,093,195 2,067,713
Other reserves 1 -
2,093,196 2,067,713
TOTAL MEMBERS' INTEREST
Amounts due from members (41,827) (3,809)
Members' other interests 2,093,196 2,067,713
2,051,369 2,063,904
Page 1
Page 2
For the year ending 31 March 2024 the LLP 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 applicable to LLPs subject to the small LLPs regime.)
The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.
The LLP has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account.
On behalf of the members
P J Bartlett
Designated Member
21/11/2024
The notes on pages 4 to 6 form part of these financial statements.
Page 2
Page 3
Reconciliation of Members' Interests
EQUITY DEBT
Members' other interests Loans and other debts due to members less any amounts due from members in debtors
Members'Capital classified as Equity Other Reserves Total Equity Other amounts Total members' interest
£ £ £ £ £
Balance at 1 April 2022 2,031,887 - 2,031,887 - 2,031,887
Members' remuneration charged as an expense, including employment and retirement benefit costs - - - - -
Profit/(loss) for the financial year available for discretionary division among members - (3,809 ) (3,809 ) - (3,809 )
Members' interests after profit/(loss) for the year 2,031,887 (3,809) 2,028,078 - 2,028,078
Other divisions of profits (losses) - 3,809 3,809 (3,809) -
Introduced by members 35,826 - 35,826 - 35,826
Amounts due from members - - - (3,809) -
As at 31 March 2023 and 1 April 2023 2,067,713 - 2,067,713 (3,809) 2,063,904
Members' remuneration charged as an expense, including employment and retirement benefit costs - - - - -
Profit/(loss) for the financial year available for discretionary division among members - (38,017 ) (38,017 ) - (38,017 )
Members' interests after profit/(loss) for the year 2,067,713 (38,017) 2,029,696 (3,809) 2,025,887
Other divisions of profits (losses) - 38,018 38,018 (38,018) -
Introduced by members 25,482 - 25,482 - 25,482
Amounts due from members - - - (41,827) -
As at 31 March 2024 2,093,195 1 2,093,196 (41,827) 2,051,369
Page 3
Page 4
Notes to the Financial Statements
1. Accounting Policies
1.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP) and the Companies Act 2006 (as applied to LLPs).
The financial statements are prepared in sterling which is the functional currency of the LLP.
1.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
1.3. Intangible Fixed Assets and Amortisation - Other Intangible
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. 
Entitlements are being amortised evenly over their estimated useful life of six years.
1.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 10% on reducing balance, 5% on reducing balance and not provided
Plant & Machinery 20% on reducing balance and 10% on reducing balance
Motor Vehicles 20% on reducing balance and 10% on reducing balance
Fixtures & Fittings 20% on reducing balance and 10% on reducing balance
1.5. Leasing and Hire Purchase Contracts
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease
1.6. Stocks and Work in Progress
Stocks are held at valuation prepared in accordance with the conventions set out in the CAAV/RICS
Stocktaking Guidance Notes.
The valuation has been prepared in accordance with the Inland Revenue Guidance Notes, BEN19,
amended in accordance with ICAEW guidance on Basic Payment treatment for accounting purposes.
Crops in store have been valued on a deemed cost basis, which has been calculated at 75% of market
value.
The value of homesaved seed has been based on the market value of the grain plus the cost of
cleaning, dressing and royalties.
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1.7. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
1.8. Loans and other debts due to members
In the event of a winding up the amounts included in "Loans and other debts due to members" will rank
equally with unsecured creditors.
1.9. Control
The LLP is under the control of the members.
2. Average Number of Employees
Average number of employees, including members, during the year was as follows: 1 (2023: 1)
1 1
3. Intangible Assets
Other
£
Cost
As at 1 April 2023 36,720
As at 31 March 2024 36,720
Amortisation
As at 1 April 2023 36,720
As at 31 March 2024 36,720
Net Book Value
As at 31 March 2024 -
As at 1 April 2023 -
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £ £
Cost
As at 1 April 2023 1,999,971 29,670 50,313 6,960 2,086,914
Additions - 500 - - 500
As at 31 March 2024 1,999,971 30,170 50,313 6,960 2,087,414
Depreciation
As at 1 April 2023 87,909 9,780 27,092 2,868 127,649
Provided during the period 4,972 4,036 4,644 818 14,470
As at 31 March 2024 92,881 13,816 31,736 3,686 142,119
...CONTINUED
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Net Book Value
As at 31 March 2024 1,907,090 16,354 18,577 3,274 1,945,295
As at 1 April 2023 1,912,062 19,890 23,221 4,092 1,959,265
5. Stocks
2024 2023
£ £
Stock 38,254 50,066
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 15,945 602
Other debtors 70,259 34,831
86,204 35,433
7. Current Asset Investments
2024 2023
£ £
Unlisted investments 21,000 21,000
21,000 21,000
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 24,677 7,058
Other creditors 34,281 35,535
Taxation and social security 68 100
59,026 42,693
9. General Information
Cleeves Farm Estates LLP is a limited liability partnership, incorporated in England & Wales, registered number OC359201 . The Registered Office is The Elm, Church Lane, Chipping Norton, Oxfordshire, OX7 5NS.
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