Limited Liability Partnership Registration No. OC389621 (England and Wales)
Somerset Rural Estates LLP
Unaudited financial statements
for the year ended 31 March 2024
Pages for filing with registrar
Somerset Rural Estates LLP
Balance sheet
As at 31 March 2024
1
2024
2023
£
£
£
£
Fixed assets
24,920
37,641
Current assets
232,749
202,764
Prepayments and accrued income
2,817
2,202
Creditors: amounts falling due within one year
(222,218)
(178,570)
Net current assets
13,348
26,396
Total assets less current liabilities
38,268
64,037
Creditors: amounts falling due after more than one year
(17,028)
(28,851)
Net assets attributable to members
21,240
35,186
Represented by:
Amounts due to members
17,240
31,186
Loans and other debts due to members
4,000
4,000
21,240
35,186
Notes to the financial statements
1
Employees
The average number of persons (excluding members) employed by the partnership during the year was 12 (2023 - 12).
Somerset Rural Estates LLP is a Limited Liability Partnership incorporated in England and Wales. The registered office is The Estate Office, Shadrack, Berry Pomeroy, Totnes, Devon, TQ9 6LR.
For the financial year ended 31 March 2024 the Limited Liability Partnership 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) relating to small limited liability partnerships.
The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to limited liability partnerships) with respect to accounting records and the preparation of accounts.
These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime' and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.
The financial statements are prepared in sterling, which is the functional currency of the LLP. Monetary amounts in these financial statements are rounded to the nearest £.
Somerset Rural Estates LLP
Balance sheet (continued)
As at 31 March 2024
2
The financial statements were approved by the members and authorised for issue on 21 October 2024 and are signed on its behalf by:
Duke of Somerset
Designated member
Limited Liability Partnership Registration No. OC389621