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Registration number: OC402257

Greenbury Poultry LLP

Annual Report and Unaudited Financial Statements

for the Year Ended 31 January 2024

 

Greenbury Poultry LLP

Contents

Limited liability partnership information

1

Financial Statements

2 to 5

Balance Sheet

2

Notes to the Financial Statements

3

 

Greenbury Poultry LLP

Limited liability partnership information

Designated members

A S Howard

S D Beaumont
 

Registered office

1 Meadow View
Bicknacre
Chelmsford
Essex
CM3 4HR

Bankers

Barclays Bank
Chelmsford
40-41 High Street
Chelmsford
Essex
CM1 1BE

Accountants

Lambert Chapman LLP
Chartered Accountants and Statutory Auditors
3 Warners Mill
Silks Way
Braintree
Essex
CM7 3GB

 

Greenbury Poultry LLP

(Registration number: OC402257)
Balance Sheet as at 31 January 2024

Note

2024
 £

2023
 £

Fixed assets

 

Tangible assets

3

39,434

2,563

Current assets

 

Debtors

4

779,648

560,894

Cash and short-term deposits

 

28,469

53,956

 

808,117

614,850

Creditors: Amounts falling due within one year

5

(793,281)

(594,565)

Net current assets

 

14,836

20,285

Total assets less current liabilities

 

54,270

22,848

Creditors: Amounts falling due after more than one year

6

(32,353)

-

Net assets attributable to members

 

21,917

22,848

Represented by:

 

Loans and other debts due to members

 

Members' capital classified as a liability

 

21,917

22,848

   

21,917

22,848

Total members' interests

 

Loans and other debts due to members

 

21,917

22,848

   

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 Board and authorised for issue on 28 January 2025. They were signed on behalf of the limited liability partnership by:


A S Howard
Designated member

 

Greenbury Poultry LLP

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

1

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.

2

Particulars of employees

The average number of persons employed by the limited liability partnership during the year was 34 (2023 - 34).

 

Greenbury Poultry LLP

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

3

Tangible fixed assets

Plant and machinery
 £

Motor vehicles
 £

Total
£

Cost

At 1 February 2023

4,524

-

4,524

Additions

-

47,382

47,382

At 31 January 2024

4,524

47,382

51,906

Depreciation

At 1 February 2023

1,961

-

1,961

Charge for the year

640

9,871

10,511

At 31 January 2024

2,601

9,871

12,472

Net book value

At 31 January 2024

1,923

37,511

39,434

At 31 January 2023

2,563

-

2,563

4

Debtors

2024
£

2023
£

Other debtors

779,324

559,888

Prepayments and accrued income

324

1,006

Total current trade and other debtors

779,648

560,894

5

Creditors: Amounts falling due within one year

2024
 £

2023
 £

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

6

Creditors: Amounts falling due after more than one year

2024
£

2023
£

Other creditors

32,353

-

7

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 - £30,737).