Acorah Software Products - Accounts Production 16.0.110 false true 28 February 2023 1 March 2022 false 1 March 2023 5 April 2024 5 April 2024 OC303925 Mr Robert Clemas Mrs Elizabeth Clemas Mr Vincent Clemas Mrs Jennifer Clemas Mr Michael Clemas Mrs Rachel Clemas iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC303925 2023-02-28 OC303925 2024-04-05 OC303925 2023-03-01 2024-04-05 OC303925 frs-core:CurrentFinancialInstruments 2024-04-05 OC303925 frs-core:PlantMachinery 2024-04-05 OC303925 frs-core:PlantMachinery 2023-03-01 2024-04-05 OC303925 frs-core:PlantMachinery 2023-02-28 OC303925 frs-bus:LimitedLiabilityPartnershipLLP 2023-03-01 2024-04-05 OC303925 frs-bus:LimitedLiabilityPartnershipsSORP 2023-03-01 2024-04-05 OC303925 frs-bus:FilletedAccounts 2023-03-01 2024-04-05 OC303925 frs-bus:SmallEntities 2023-03-01 2024-04-05 OC303925 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-04-05 OC303925 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-04-05 OC303925 frs-countries:EnglandWales 2023-03-01 2024-04-05 OC303925 frs-bus:PartnerLLP1 2023-03-01 2024-04-05 OC303925 frs-bus:PartnerLLP2 2023-03-01 2024-04-05 OC303925 frs-bus:PartnerLLP3 2023-03-01 2024-04-05 OC303925 frs-bus:PartnerLLP4 2023-03-01 2024-04-05 OC303925 frs-bus:PartnerLLP5 2023-03-01 2024-04-05 OC303925 frs-bus:PartnerLLP6 2023-03-01 2024-04-05 OC303925 2022-02-28 OC303925 2023-02-28 OC303925 2022-03-01 2023-02-28 OC303925 frs-core:CurrentFinancialInstruments 2023-02-28
Registered number: OC303925
Vicarage Farm LLP
Unaudited Financial Statements
For the Period 1 March 2023 to 5 April 2024
Avencia Tax and Accountancy Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: OC303925
5 April 2024 28 February 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 50,104 49,771
50,104 49,771
CURRENT ASSETS
Stocks 5 2,350 2,350
Debtors 6 808 2,558
Cash at bank and in hand 23,579 16,733
26,737 21,641
Creditors: Amounts Falling Due Within One Year 7 (1,326 ) (926 )
NET CURRENT ASSETS (LIABILITIES) 25,411 20,715
TOTAL ASSETS LESS CURRENT LIABILITIES 75,515 70,486
NET ASSETS ATTRIBUTABLE TO MEMBERS 75,515 70,486
REPRESENTED BY:
Loans and other debts due to members within one year
Members' capital classified as a liability 7,318 7,318
Other amounts 52,207 45,528
59,525 52,846
Equity
Members' other interests
Members' capital (1,645) 5
Other reserves 17,635 17,635
15,990 17,640
75,515 70,486
TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year 59,525 52,846
Members' other interests 15,990 17,640
75,515 70,486
Page 1
Page 2
For the period ending 5 April 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
Mr Vincent Clemas
Designated Member
28/11/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Vicarage Farm LLP is a limited liability partnership, incorporated in England & Wales, registered number OC303925 . The Registered Office is Vicarage Farm, Daggons Road, Alderholt, Fordingbridge, Hampshire, SP6 3DN.
2. Accounting Policies
2.1. 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.
2.2. 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.
2.3. 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:
Plant & Machinery Not depreciated
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the period was: 6 (2023: 6)
6 6
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 March 2023 49,771
Additions 333
As at 5 April 2024 50,104
Net Book Value
As at 5 April 2024 50,104
As at 1 March 2023 49,771
Page 3
Page 4
5. Stocks
5 April 2024 28 February 2023
£ £
Stock - 2,350
Finished goods 2,350 -
2,350 2,350
6. Debtors
5 April 2024 28 February 2023
£ £
Due within one year
Trade debtors 600 600
Prepayments and accrued income - 1,958
VAT 208 -
808 2,558
7. Creditors: Amounts Falling Due Within One Year
5 April 2024 28 February 2023
£ £
Trade creditors (1 ) -
VAT - 29
Accruals and deferred income 1,327 897
1,326 926
Page 4