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REGISTERED NUMBER: OC388498 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

FOR

NEWTOWN FARM LLP

NEWTOWN FARM LLP (REGISTERED NUMBER: OC388498)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 April 2024




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 6

NEWTOWN FARM LLP

GENERAL INFORMATION
for the year ended 30 April 2024







DESIGNATED MEMBERS: L A Stainton - Burrell
J Burrell



REGISTERED OFFICE: Newtown Farm
South Gorley
Fordingbridge
Hampshire
SP6 2PW



REGISTERED NUMBER: OC388498 (England and Wales)



ACCOUNTANTS: Rothmans LLP
10 St Ann Street
Salisbury
Wiltshire
SP1 2DN



BANKERS: Barclays Bank PLC
6/8 High Street
Ringwood
Hampshire
BH24 1BZ

NEWTOWN FARM LLP (REGISTERED NUMBER: OC388498)

BALANCE SHEET
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 201,838 221,630
Investment property 5 988,006 988,006
1,189,844 1,209,636

CURRENT ASSETS
Cash at bank 747 481

CREDITORS
Amounts falling due within one year 6 92,597 93,988
NET CURRENT LIABILITIES (91,850 ) (93,507 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,097,994

1,116,129

CREDITORS
Amounts falling due after more than one
year

7

541,216

532,292
NET ASSETS ATTRIBUTABLE TO
MEMBERS

556,778

583,837

LOANS AND OTHER DEBTS DUE TO
MEMBERS

9

556,778

583,837

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 9 556,778 583,837

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 30 April 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.

NEWTOWN FARM LLP (REGISTERED NUMBER: OC388498)

BALANCE SHEET - continued
30 April 2024


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 28 January 2025 and were signed by:





L A Stainton - Burrell - Designated member

NEWTOWN FARM LLP (REGISTERED NUMBER: OC388498)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 April 2024

1. STATUTORY INFORMATION

Newtown Farm Llp is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. 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.

Investment property
Investment property is shown at its most recent valuation. This valuation was undertaken by J Burrell, a member of the LLP, who has an extensive knowledge of local property prices and is based on similar sized properties in the same location. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Grants
The partnership received a grant of £20,000 from Hampshire County Council to refurbish the shop premises in a previous accounting period.

This grant is released to the profit and loss account in accordance with the expected useful life of the assets that have been acquired in accordance with the terms of the grant.

Creditors
Creditors are not interest bearing and are stated at their nominal value.

Cash and cash equivalents
These comprise cash at bank and other short term highly liquid deposits.

3. EMPLOYEE INFORMATION

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

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1 May 2023
and 30 April 2024 395,843
DEPRECIATION
At 1 May 2023 174,213
Charge for year 19,792
At 30 April 2024 194,005
NET BOOK VALUE
At 30 April 2024 201,838
At 30 April 2023 221,630

NEWTOWN FARM LLP (REGISTERED NUMBER: OC388498)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 April 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023
and 30 April 2024 988,006
NET BOOK VALUE
At 30 April 2024 988,006
At 30 April 2023 988,006

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 32,070 31,954
Other creditors 60,527 62,034
92,597 93,988

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans 541,216 532,292

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 430,003 415,512

8. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   
Bank loans 573,286 564,246

The bank loans are secured on the properties owned by Newtown Farm LLP.

9. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank equally with debts due to unsecured creditors in the event of a winding up.

There is no provision for specific legally enforceable protection afforded to creditors in such an event.

There are no restrictions or limitations on the ability of the members to reduce the amount of ‘Members’ other interests'.

CHARTERED ACCOUNTANTS' REPORT TO THE MEMBERS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
NEWTOWN FARM 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 Newtown Farm Llp for the year ended 30 April 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 Newtown Farm Llp, as a body, in accordance with the terms of our engagement letter dated 20 October 2013. Our work has been undertaken solely to prepare for your approval the financial statements of Newtown Farm Llp and state those matters that we have agreed to state to the members of Newtown Farm 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 Newtown Farm Llp and its members, as a body, for our work or for this report.

It is your duty to ensure that Newtown Farm 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 Newtown Farm Llp. You consider that Newtown Farm 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 Newtown Farm 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.






Rothmans LLP
10 St Ann Street
Salisbury
Wiltshire
SP1 2DN


28 January 2025