IRIS Accounts Production v24.3.0.553 SO305393 designated member 1.7.23 31.3.24 31.3.24 0 0 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSO3053932023-06-30SO3053932024-03-31SO3053932023-07-012024-03-31SO3053932022-06-30SO3053932022-07-012023-06-30SO3053932023-06-30SO305393ns15:Scotland2023-07-012024-03-31SO305393ns14:PoundSterling2023-07-012024-03-31SO305393ns10:PartnerLLP12023-07-012024-03-31SO305393ns10:LimitedLiabilityPartnershipLLP2023-07-012024-03-31SO305393ns10:SmallEntities2023-07-012024-03-31SO305393ns10:AuditExempt-NoAccountantsReport2023-07-012024-03-31SO305393ns10:SmallCompaniesRegimeForAccounts2023-07-012024-03-31SO305393ns10:LimitedLiabilityPartnershipsSORP2023-07-012024-03-31SO305393ns10:FullAccounts2023-07-012024-03-31SO30539312023-07-012024-03-31SO305393ns10:PartnerLLP22023-07-012024-03-31SO305393ns10:PartnerLLP32023-07-012024-03-31SO305393ns10:RegisteredOffice2023-07-012024-03-31SO305393ns5:CurrentFinancialInstruments2024-03-31SO305393ns5:CurrentFinancialInstruments2023-06-30SO305393ns5:Non-currentFinancialInstruments2024-03-31SO305393ns5:Non-currentFinancialInstruments2023-06-30SO305393ns5:IntangibleAssetsOtherThanGoodwill2023-07-012024-03-31SO305393ns5:PatentsTrademarksLicencesConcessionsSimilar2023-07-012024-03-31SO305393ns5:LandBuildings2023-07-012024-03-31SO305393ns5:PlantMachinery2023-07-012024-03-31SO305393ns5:IntangibleAssetsOtherThanGoodwill2023-06-30SO305393ns5:IntangibleAssetsOtherThanGoodwill2024-03-31SO305393ns5:IntangibleAssetsOtherThanGoodwill2023-06-30SO305393ns5:LandBuildings2023-06-30SO305393ns5:LandBuildingsns5:ShortLeaseholdAssets2023-06-30SO305393ns5:LeaseholdImprovements2023-06-30SO305393ns5:LandBuildingsns5:ShortLeaseholdAssets2023-07-012024-03-31SO305393ns5:LeaseholdImprovements2023-07-012024-03-31SO305393ns5:LandBuildings2024-03-31SO305393ns5:LandBuildingsns5:ShortLeaseholdAssets2024-03-31SO305393ns5:LeaseholdImprovements2024-03-31SO305393ns5:LandBuildings2023-06-30SO305393ns5:LandBuildingsns5:ShortLeaseholdAssets2023-06-30SO305393ns5:LeaseholdImprovements2023-06-30SO305393ns5:PlantMachinery2023-06-30SO305393ns5:MotorVehicles2023-06-30SO305393ns5:ComputerEquipment2023-06-30SO305393ns5:MotorVehicles2023-07-012024-03-31SO305393ns5:ComputerEquipment2023-07-012024-03-31SO305393ns5:PlantMachinery2024-03-31SO305393ns5:MotorVehicles2024-03-31SO305393ns5:ComputerEquipment2024-03-31SO305393ns5:PlantMachinery2023-06-30SO305393ns5:MotorVehicles2023-06-30SO305393ns5:ComputerEquipment2023-06-30SO305393ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-31SO305393ns5:WithinOneYearns5:CurrentFinancialInstruments2023-06-30
REGISTERED NUMBER: SO305393 (Scotland)















Unaudited Financial Statements

for the Period 1 July 2023 to 31 March 2024

for

Arisaig Farm Partnership LLP

Arisaig Farm Partnership LLP (Registered number: SO305393)






Contents of the Financial Statements
for the Period 1 July 2023 to 31 March 2024




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Arisaig Farm Partnership LLP

General Information
for the Period 1 July 2023 to 31 March 2024







DESIGNATED MEMBERS: J M N Newall
Mrs S P M Newall
T M L Newall





REGISTERED OFFICE: 2 Stewart Street
Milngavie
Glasgow
G62 6BW





REGISTERED NUMBER: SO305393 (Scotland)





ACCOUNTANTS: Bell Barr & Company
Chartered Accountants
2 Stewart Street
Milngavie
Glasgow
G62 6BW

Arisaig Farm Partnership LLP (Registered number: SO305393)

Balance Sheet
31 March 2024

31.3.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 3,332 3,732
Tangible assets 5 1,524,968 1,295,862
1,528,300 1,299,594

CURRENT ASSETS
Stocks 11,000 21,190
Debtors 6 43,598 34,634
Cash at bank and in hand 796 2,240
55,394 58,064
CREDITORS
Amounts falling due within one year 7 145,257 175,464
NET CURRENT LIABILITIES (89,863 ) (117,400 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,438,437

1,182,194

CREDITORS
Amounts falling due after more than one
year

8

2,393

4,111
NET ASSETS ATTRIBUTABLE TO
MEMBERS

1,436,044

1,178,083

LOANS AND OTHER DEBTS DUE TO
MEMBERS

9

1,436,044

1,178,083

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 9 1,436,044 1,178,083

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 period 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.

Arisaig Farm Partnership LLP (Registered number: SO305393)

Balance Sheet - continued
31 March 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 31 January 2025 and were signed by:




T M L Newall - Designated member




- Designated member


Arisaig Farm Partnership LLP (Registered number: SO305393)

Notes to the Financial Statements
for the Period 1 July 2023 to 31 March 2024

1. STATUTORY INFORMATION

Arisaig Farm Partnership LLP is registered in Scotland. 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

BPS entitlements are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - not provided
Plant and machinery etc - 20% on cost and 2% 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.

3. EMPLOYEE INFORMATION

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

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 July 2023
and 31 March 2024 5,332
AMORTISATION
At 1 July 2023 1,600
Charge for period 400
At 31 March 2024 2,000
NET BOOK VALUE
At 31 March 2024 3,332
At 30 June 2023 3,732

Arisaig Farm Partnership LLP (Registered number: SO305393)

Notes to the Financial Statements - continued
for the Period 1 July 2023 to 31 March 2024

5. TANGIBLE FIXED ASSETS
Assets Improvements
Freehold under to
property construction property
£    £    £   
COST
At 1 July 2023 400,000 842,982 43,312
Additions - 234,598 -
At 31 March 2024 400,000 1,077,580 43,312
DEPRECIATION
At 1 July 2023 - - 4,331
Charge for period - - 651
At 31 March 2024 - - 4,982
NET BOOK VALUE
At 31 March 2024 400,000 1,077,580 38,330
At 30 June 2023 400,000 842,982 38,981

Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 July 2023 41,020 2,465 375 1,330,154
Additions - - - 234,598
At 31 March 2024 41,020 2,465 375 1,564,752
DEPRECIATION
At 1 July 2023 28,676 1,078 207 34,292
Charge for period 4,539 261 41 5,492
At 31 March 2024 33,215 1,339 248 39,784
NET BOOK VALUE
At 31 March 2024 7,805 1,126 127 1,524,968
At 30 June 2023 12,344 1,387 168 1,295,862

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 30.6.23
£    £   
Trade debtors 4,796 (3,500 )
Amounts recoverable on contract 34,669 37,586
Other debtors 4,133 548
43,598 34,634

Arisaig Farm Partnership LLP (Registered number: SO305393)

Notes to the Financial Statements - continued
for the Period 1 July 2023 to 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 30.6.23
£    £   
Bank loans and overdrafts 1,895 2,136
Trade creditors 17,640 72,314
Taxation and social security 21,368 -
Other creditors 104,354 101,014
145,257 175,464

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 30.6.23
£    £   
Bank loans 2,393 4,111

9. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members' rank equally with debts due to unsecured creditors.