Registration number: OC402257
Greenbury Poultry LLP
for the Year Ended 31 January 2024
Greenbury Poultry LLP
Contents
Limited liability partnership information |
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Financial Statements |
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Balance Sheet |
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Notes to the Financial Statements |
Greenbury Poultry LLP
Limited liability partnership information
Designated members |
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Registered office |
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Bankers |
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Accountants |
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Greenbury Poultry LLP
(Registration number: OC402257)
Balance Sheet as at 31 January 2024
Note |
2024 |
2023 |
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Fixed assets |
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Tangible assets |
39,434 |
2,563 |
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Current assets |
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Debtors |
779,648 |
560,894 |
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Cash and short-term deposits |
28,469 |
53,956 |
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808,117 |
614,850 |
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Creditors: Amounts falling due within one year |
(793,281) |
(594,565) |
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Net current assets |
14,836 |
20,285 |
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Total assets less current liabilities |
54,270 |
22,848 |
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Creditors: Amounts falling due after more than one year |
(32,353) |
- |
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Net assets attributable to members |
21,917 |
22,848 |
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Represented by: |
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Loans and other debts due to members |
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Members' capital classified as a liability |
21,917 |
22,848 |
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21,917 |
22,848 |
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Total members' interests |
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Loans and other debts due to members |
21,917 |
22,848 |
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21,917 |
22,848 |
For the year ending 31 January 2024 the limited liability partnership was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied to limited liability partnerships, relating to small entities.
These financial statements have been prepared in accordance with the provisions applicable to LLPs subject to the small LLPs regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime, as applied to limited liability partnerships. As permitted by section 444 (5A) of the Companies Act 2006, the members have not delivered to the registrar a copy of the Profit and Loss Account.
The members acknowledge their responsibilities for complying with the requirements of the Act, as applied to limited liability partnerships by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 with respect to accounting records and the preparation of accounts.
The financial statements of Greenbury Poultry LLP (registered number OC402257) were approved by the
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Greenbury Poultry LLP
Notes to the Financial Statements for the Year Ended 31 January 2024
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
General information and basis of accounting
The limited liability partnership is incorporated in England and Wales under the Limited Liability Partnership Act 2000.
These financial statements have been prepared in accordance with the Financial Reporting Standard 102 Section 1A and under the historical cost converntion except that as disclosed in the accounting policies certain items are shown at fair value.
The address of its registered office is 1 Meadow View, Bicknacre, Chelmsford, Essex, CM3 4HR.
These financial statements are presented in Sterling (£), which is the company's functional currency.
Revenue recognition
Turnover represents amounts chargeable, net of value added tax, in respect of the rearing and fattening of turkeys for customers.
Members' remuneration and division of profits
The LLP agreement provides that fixed amounts, determined for each member each year, be paid to members, irrespective of the profits of the LLP. These amounts are also included within members’ remuneration charged to the profit and loss account.
A member's share of the profit or loss for the year is accounted for as an allocation of profits. Unallocated profits and losses are included within 'other reserves'.
Tangible fixed assets
Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation.
Depreciation
Depreciation is charged so as to write off the cost or valuation of assets, other than land and properties under construction oevr their estimated useable lives, as follows:
Asset class |
Depreciation method and rate |
Office equipment |
33% Straight line basis |
Plant and machinery |
25% Reducing balance basis |
Greenbury Poultry LLP
Notes to the Financial Statements for the Year Ended 31 January 2024
Trade debtors
Trade debtors are amounts due from customers for services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the limited liability partnership will not be able to collect all amounts due according to the original terms of the receivables.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the limited liability partnership does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price.
Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid in to a pension fund and the Company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay employees the benefits relating to employee service in the current and prior periods.
contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
Particulars of employees |
The average number of persons employed by the limited liability partnership during the year was
Greenbury Poultry LLP
Notes to the Financial Statements for the Year Ended 31 January 2024
Tangible fixed assets |
Plant and machinery |
Motor vehicles |
Total |
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Cost |
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At 1 February 2023 |
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- |
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Additions |
- |
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At 31 January 2024 |
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Depreciation |
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At 1 February 2023 |
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- |
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Charge for the year |
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At 31 January 2024 |
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Net book value |
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At 31 January 2024 |
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At 31 January 2023 |
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- |
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Debtors |
2024 |
2023 |
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Other debtors |
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Prepayments and accrued income |
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Total current trade and other debtors |
779,648 |
560,894 |
Creditors: Amounts falling due within one year |
2024 |
2023 |
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Trade creditors |
986 |
333,766 |
Social security and other taxes |
194,273 |
153,633 |
Other creditors |
591,474 |
96,023 |
Accruals and deferred income |
6,548 |
11,143 |
793,281 |
594,565 |
Creditors: Amounts falling due after more than one year |
2024 |
2023 |
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Other creditors |
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- |
Financial commitments, guarantees and contingencies |
Amounts not provided for in the balance sheet
The total amount of financial commitments not included in the balance sheet is £Nil (2023 - £