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REGISTERED NUMBER: OC422009 (England and Wales)
















Unaudited Financial Statements

for the Period 1 May 2023 to 31 March 2024

for

J A D Farming LLP

J A D Farming LLP (Registered number: OC422009)






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




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


J A D Farming LLP

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







DESIGNATED MEMBERS: D Hill
A Hill
J B Hill





REGISTERED OFFICE: Hardcastle Burton LLP
Lake House
Market Hill
Royston
Hertfordshire
SG8 9JN





REGISTERED NUMBER: OC422009 (England and Wales)





ACCOUNTANTS: Hardcastle Burton LLP
Lake House
Market Hill
Royston
Hertfordshire
SG8 9JN

J A D Farming LLP (Registered number: OC422009)

Balance Sheet
31 March 2024

31.3.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 292,959 292,959
292,959 292,959

CURRENT ASSETS
Stocks 4,053 9,772
Debtors 6 89,685 68,813
93,738 78,585
CREDITORS
Amounts falling due within one year 7 51,611 43,481
NET CURRENT ASSETS 42,127 35,104
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

335,086

328,063

LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

42,127

35,104

MEMBERS' OTHER INTERESTS
Capital accounts 292,959 292,959
335,086 328,063

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 42,127 35,104
Members' other interests 292,959 292,959
335,086 328,063

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.

J A D Farming LLP (Registered number: OC422009)

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 15 January 2025 and were signed by:





A Hill - Designated member

J A D Farming LLP (Registered number: OC422009)

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

1. STATUTORY INFORMATION

J A D Farming 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.

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.

Entitlements are being amortised evenly over their estimated useful life of five 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

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

Financial instruments
The LLP has elected to apply the provisions of Section 11 'Basic Financial Instruments' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the LLP's statement of financial position when the LLP becomes party to the contractual provisions of the instrument.

Basic financial assets
Basic financial assets, which include debtors, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including creditors and loans that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

3. EMPLOYEE INFORMATION

The average number of employees during the period was 3 (2023 - 3 ) .

J A D Farming LLP (Registered number: OC422009)

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

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 May 2023
and 31 March 2024 1,489
AMORTISATION
At 1 May 2023
and 31 March 2024 1,489
NET BOOK VALUE
At 31 March 2024 -
At 30 April 2023 -

5. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1 May 2023
and 31 March 2024 292,959
NET BOOK VALUE
At 31 March 2024 292,959
At 30 April 2023 292,959

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 30.4.23
£    £   
Other debtors 89,685 68,813

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 30.4.23
£    £   
Other creditors 51,611 43,481

8. LOANS AND OTHER DEBTS DUE TO MEMBERS
31.3.24 30.4.23
£    £   
Amounts owed to members in respect of profits 42,127 35,104

Falling due within one year 42,127 35,104

Loans and other debts due to members rank below all other creditors.