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REGISTERED NUMBER: OC416511 (England and Wales)


























Unaudited Financial Statements

for the Year Ended 31 March 2024

for

COOMBELAND FARM LLP

COOMBELAND FARM LLP (REGISTERED NUMBER: OC416511)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2024




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


COOMBELAND FARM LLP

General Information
FOR THE YEAR ENDED 31 MARCH 2024







DESIGNATED MEMBERS: John Nicholas Hardy
Lucy Johns





REGISTERED OFFICE: 6 Oaklands Court
TIVERTON
Devon
EX16 6TG





REGISTERED NUMBER: OC416511 (England and Wales)





ACCOUNTANT: Withers Steele Chartered Accountants
6 Oaklands Court
TIVERTON
Devon
EX16 6TG

COOMBELAND FARM LLP (REGISTERED NUMBER: OC416511)

Balance Sheet
31 MARCH 2024

31.3.24 31.3.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 5,177,475 5,181,135
Investments 5 3,469,849 3,449,849
8,647,324 8,630,984

CURRENT ASSETS
Stocks 261,500 275,850
Debtors 6 80,935 220,383
Cash at bank and in hand 6,385 24,355
348,820 520,588
CREDITORS
Amounts falling due within one year 7 (664,461 ) (509,614 )
NET CURRENT (LIABILITIES)/ASSETS (315,641 ) 10,974
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,331,683

8,641,958

CREDITORS
Amounts falling due after more than one
year

8

(2,000,000

)

(2,000,000

)
NET ASSETS ATTRIBUTABLE TO
MEMBERS

6,331,683

6,641,958

COOMBELAND FARM LLP (REGISTERED NUMBER: OC416511)

Balance Sheet - continued
31 MARCH 2024

31.3.24 31.3.23
Notes £    £   
LOANS AND OTHER DEBTS DUE TO
MEMBERS

9

7,430,813

7,468,501

MEMBERS' OTHER INTERESTS
Other reserves (1,099,130 ) (826,543 )
6,331,683 6,641,958

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 9 7,430,813 7,468,501
Members' other interests (1,099,130 ) (826,543 )
6,331,683 6,641,958

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 28 January 2025 and were signed by:





John Nicholas Hardy - Designated member

COOMBELAND FARM LLP (REGISTERED NUMBER: OC416511)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Coombeland 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.

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.

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.
Freehold property - not provided
Improvements to property - not provided
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3. EMPLOYEE INFORMATION

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

COOMBELAND FARM LLP (REGISTERED NUMBER: OC416511)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 April 2023 5,068,611 - 168,055
Additions - 6,223 2,038
At 31 March 2024 5,068,611 6,223 170,093
DEPRECIATION
At 1 April 2023 - - 92,615
Charge for year - - 11,619
At 31 March 2024 - - 104,234
NET BOOK VALUE
At 31 March 2024 5,068,611 6,223 65,859
At 31 March 2023 5,068,611 - 75,440

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 69,336 7,000 541 5,313,543
Additions - - - 8,261
At 31 March 2024 69,336 7,000 541 5,321,804
DEPRECIATION
At 1 April 2023 32,616 6,999 178 132,408
Charge for year 123 - 179 11,921
At 31 March 2024 32,739 6,999 357 144,329
NET BOOK VALUE
At 31 March 2024 36,597 1 184 5,177,475
At 31 March 2023 36,720 1 363 5,181,135

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2023 3,449,849
Additions 20,000
At 31 March 2024 3,469,849
NET BOOK VALUE
At 31 March 2024 3,469,849
At 31 March 2023 3,449,849

COOMBELAND FARM LLP (REGISTERED NUMBER: OC416511)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 27,350 4,415
Other debtors 53,585 215,968
80,935 220,383

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 80,133 44,538
Other creditors 584,328 465,076
664,461 509,614

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Other creditors 2,000,000 2,000,000

9. LOANS AND OTHER DEBTS DUE TO MEMBERS
31.3.24 31.3.23
£    £   
Amounts owed to members in respect of profits 7,430,813 7,468,501

Falling due within one year 7,430,813 7,468,501