Acorah Software Products - Accounts Production 16.1.300 false true 31 March 2023 20 October 2021 false 1 April 2023 31 March 2024 31 March 2024 OC439609 Mrs Emma Wallace Mr Ben Wallace iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC439609 2023-03-31 OC439609 2024-03-31 OC439609 2023-04-01 2024-03-31 OC439609 frs-core:CurrentFinancialInstruments 2024-03-31 OC439609 frs-core:FurnitureFittings 2024-03-31 OC439609 frs-core:FurnitureFittings 2023-04-01 2024-03-31 OC439609 frs-core:FurnitureFittings 2023-03-31 OC439609 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-31 OC439609 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 OC439609 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-31 OC439609 frs-core:PlantMachinery 2024-03-31 OC439609 frs-core:PlantMachinery 2023-04-01 2024-03-31 OC439609 frs-core:PlantMachinery 2023-03-31 OC439609 frs-bus:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC439609 frs-bus:LimitedLiabilityPartnershipsSORP 2023-04-01 2024-03-31 OC439609 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 OC439609 frs-bus:SmallEntities 2023-04-01 2024-03-31 OC439609 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 OC439609 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 OC439609 frs-countries:EnglandWales 2023-04-01 2024-03-31 OC439609 frs-bus:PartnerLLP1 2023-04-01 2024-03-31 OC439609 frs-bus:PartnerLLP2 2023-04-01 2024-03-31 OC439609 2021-10-19 OC439609 2023-03-31 OC439609 2021-10-20 2023-03-31 OC439609 frs-core:CurrentFinancialInstruments 2023-03-31
Registered number: OC439609
Nonnington Farm LLP
Unaudited Financial Statements
For The Year Ended 31 March 2024
Roake & Cook Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: OC439609
31 March 2024 31 March 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 4,123,548 4,172,788
4,123,548 4,172,788
CURRENT ASSETS
Stocks 5 67,449 57,549
Debtors 6 60,219 66,404
Cash at bank and in hand 241,377 141,048
369,045 265,001
Creditors: Amounts Falling Due Within One Year 7 (8,436 ) (28,702 )
NET CURRENT ASSETS (LIABILITIES) 360,609 236,299
TOTAL ASSETS LESS CURRENT LIABILITIES 4,484,157 4,409,087
NET ASSETS ATTRIBUTABLE TO MEMBERS 4,484,157 4,409,087
REPRESENTED BY:
Loans and other debts due to members within one year
Members' capital classified as a liability 5,265,169 5,064,558
5,265,169 5,064,558
Equity
Members' other interests
Members' capital 29,716 -
Other reserves (810,728) (655,471)
(781,012) (655,471)
4,484,157 4,409,087
TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year 5,265,169 5,064,558
Members' other interests (781,012) (655,471)
4,484,157 4,409,087
Page 1
Page 2
For the year ending 31 March 2024 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 applicable to LLPs subject to the small LLPs regime.)
The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.
The LLP has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account.
On behalf of the members
Mrs Emma Wallace
Designated Member
31/01/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Nonnington Farm LLP is a limited liability partnership, incorporated in England & Wales, registered number OC439609 . The Registered Office is Nonnington Farm, Graffham, Petworth, GU28 0NT.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP) and the Companies Act 2006 (as applied to LLPs).
The financial statements are prepared in sterling which is the functional currency of the LLP.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold no depreciation provided
Plant & Machinery 15% RB
Fixtures & Fittings 10% SL
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Principal activity
The LLP's principal activities continue to be that of livestock husbandry, rural leisure and tourism.
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the year was: 3 (2023: 4)
3 4
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 April 2023 3,795,135 282,170 148,176 4,225,481
As at 31 March 2024 3,795,135 282,170 148,176 4,225,481
...CONTINUED
Page 3
Page 4
Depreciation
As at 1 April 2023 - 52,693 - 52,693
Provided during the period - 34,422 14,818 49,240
As at 31 March 2024 - 87,115 14,818 101,933
Net Book Value
As at 31 March 2024 3,795,135 195,055 133,358 4,123,548
As at 1 April 2023 3,795,135 229,477 148,176 4,172,788
5. Stocks
31 March 2024 31 March 2023
£ £
Finished goods 67,449 57,549
6. Debtors
31 March 2024 31 March 2023
£ £
Due within one year
Other debtors 58,817 57,703
VAT 1,402 8,701
60,219 66,404
7. Creditors: Amounts Falling Due Within One Year
31 March 2024 31 March 2023
£ £
Trade creditors - 21,990
Other taxes and social security 4,436 2,712
Accruals and deferred income 4,000 4,000
8,436 28,702
Page 4