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REGISTERED NUMBER: OC401658 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Glebe Farm Produce LLP

Accountants' Report to the Members
on the Unaudited Financial Statements of
Glebe Farm Produce LLP


The following reproduces the text of the report prepared for the members in respect of the LLP's annual unaudited financial statements. In accordance with the Companies Act 2006, the LLP is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Members are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, we have prepared for your approval the financial statements of Glebe Farm Produce LLP for the year ended 31 March 2024 which comprise the Income Statement, Balance Sheet and the related notes from the LLP's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the members of Glebe Farm Produce LLP, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Glebe Farm Produce LLP and state those matters that we have agreed to state to the members of Glebe Farm Produce LLP, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Glebe Farm Produce LLP and its members, as a body, for our work or for this report.

It is your duty to ensure that Glebe Farm Produce LLP has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Glebe Farm Produce LLP. You consider that Glebe Farm Produce LLP is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Glebe Farm Produce LLP. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






BPU Limited


20 December 2024

Glebe Farm Produce LLP (Registered number: OC401658)

Balance Sheet
31 March 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible assets 3 70,503 7,181

CURRENT ASSETS
Debtors 4 19,883 -

CREDITORS
Amounts falling due within one year 5 15,086 900
NET CURRENT ASSETS/(LIABILITIES) 4,797 (900 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

75,300

6,281

CREDITORS
Amounts falling due after more than
one year

6

11,655

-
NET ASSETS ATTRIBUTABLE TO
MEMBERS

63,645

6,281

LOANS AND OTHER DEBTS DUE TO
MEMBERS

7

63,645

6,281

TOTAL MEMBERS' INTERESTS
Loans and other debts due to
members

7

63,645

6,281
Amounts due from members 4 (1,042 ) -
62,603 6,281

Glebe Farm Produce LLP (Registered number: OC401658)

Balance Sheet - continued
31 March 2024


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 19 December 2024 and were signed by:





E Loch - Designated member

Glebe Farm Produce LLP (Registered number: OC401658)

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


1. 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.

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 - 20% straight line

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

2. EMPLOYEE INFORMATION

The average number of employees during the year was 2 (2023 - 2 ) .

Glebe Farm Produce LLP (Registered number: OC401658)

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


3. TANGIBLE FIXED ASSETS
Plant and
machinery
£
COST
At 1 April 2023 11,220
Additions 78,679
At 31 March 2024 89,899
DEPRECIATION
At 1 April 2023 4,039
Charge for year 15,357
At 31 March 2024 19,396
NET BOOK VALUE
At 31 March 2024 70,503
At 31 March 2023 7,181

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Other debtors 19,883 -

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Hire purchase contracts 13,986 -
Other creditors 1,100 900
15,086 900

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£ £
Hire purchase contracts 11,655 -

Glebe Farm Produce LLP (Registered number: OC401658)

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


7. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank before other creditors.