Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-04-01falseNo description of principal activity22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false OC369602 2023-04-01 2024-03-31 OC369602 2022-04-01 2023-03-31 OC369602 2024-03-31 OC369602 2023-03-31 OC369602 c:PlantMachinery 2023-04-01 2024-03-31 OC369602 c:PlantMachinery 2024-03-31 OC369602 c:PlantMachinery 2023-03-31 OC369602 c:PlantMachinery c:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 OC369602 c:MotorVehicles 2023-04-01 2024-03-31 OC369602 c:MotorVehicles 2024-03-31 OC369602 c:MotorVehicles 2023-03-31 OC369602 c:MotorVehicles c:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 OC369602 c:FurnitureFittings 2023-04-01 2024-03-31 OC369602 c:ComputerEquipment 2023-04-01 2024-03-31 OC369602 c:ComputerEquipment 2024-03-31 OC369602 c:ComputerEquipment 2023-03-31 OC369602 c:ComputerEquipment c:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 OC369602 c:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 OC369602 c:CurrentFinancialInstruments 2024-03-31 OC369602 c:CurrentFinancialInstruments 2023-03-31 OC369602 c:Non-currentFinancialInstruments 2024-03-31 OC369602 c:Non-currentFinancialInstruments 2023-03-31 OC369602 c:CurrentFinancialInstruments c:WithinOneYear 2024-03-31 OC369602 c:CurrentFinancialInstruments c:WithinOneYear 2023-03-31 OC369602 c:Non-currentFinancialInstruments c:AfterOneYear 2024-03-31 OC369602 c:Non-currentFinancialInstruments c:AfterOneYear 2023-03-31 OC369602 c:Non-currentFinancialInstruments c:BetweenOneTwoYears 2024-03-31 OC369602 c:Non-currentFinancialInstruments c:BetweenOneTwoYears 2023-03-31 OC369602 c:Non-currentFinancialInstruments c:BetweenTwoFiveYears 2024-03-31 OC369602 c:Non-currentFinancialInstruments c:BetweenTwoFiveYears 2023-03-31 OC369602 d:FRS102 2023-04-01 2024-03-31 OC369602 d:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 OC369602 d:FullAccounts 2023-04-01 2024-03-31 OC369602 d:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC369602 2 2023-04-01 2024-03-31 OC369602 d:PartnerLLP1 2023-04-01 2024-03-31 OC369602 d:PartnerLLP2 2023-04-01 2024-03-31 OC369602 c:FurtherSpecificReserve3ComponentTotalEquity 2024-03-31 OC369602 c:FurtherSpecificReserve3ComponentTotalEquity 2023-03-31 OC369602 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: OC369602










TITHE BARN SHEPHERD HUTS LLP








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
TITHE BARN SHEPHERD HUTS LLP
REGISTERED NUMBER: OC369602

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
79,524
77,764

Current assets
  

Stocks
  
76,134
55,074

Debtors: amounts falling due within one year
 5 
43,836
77,023

Cash at bank and in hand
  
11,235
8,318

  
131,205
140,415

Creditors: Amounts Falling Due Within One Year
 6 
(39,266)
(23,137)

Net current assets
  
 
 
91,939
 
 
117,278

Total assets less current liabilities
  
171,463
195,042

Creditors: amounts falling due after more than one year
 7 
(12,536)
(22,735)

  

Net assets
  
158,927
172,307


Represented by:
  

Loans and other debts due to members within one year
  

Other amounts
 9 
158,927
172,307

  
158,927
172,307

  


Total members' interests
  

Loans and other debts due to members
 9 
158,927
172,307

  
158,927
172,307


Page 1

 
TITHE BARN SHEPHERD HUTS LLP
REGISTERED NUMBER: OC369602
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small LLPs regime.

The entity 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.

The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, with respect to accounting records and the preparation of financial statements.

The financial statements have been delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The entity has opted not to file the statement of comprehensive income in accordance with the provisions applicable to entities subject to the small LLPs regime.

The financial statements were approved and authorised for issue by the members and were signed on their behalf by: 




RC Miller
DE Miller
Designated member
Designated member


Date: 14 March 2025

The notes on pages 4 to 9 form part of these financial statements.

Tithe Barn Shepherd Huts LLP has no equity and, in accordance with the provisions contained within the Statement of Recommended Practice "Accounting by Limited Liability Partnerships", has not presented a Statement of Changes in Equity.

Page 2

 
TITHE BARN SHEPHERD HUTS LLP
 

RECONCILIATION OF MEMBERS' INTERESTS
FOR THE YEAR ENDED 31 MARCH 2024




DEBT
Loans and other debts due to members less any amounts due from members in debtors
Other amounts
Total

£
£

Amounts due to members
172,307
172,307

Members' interests after profit for the year
172,307
172,307

Other division of profits
23,069
23,069

Drawings on account and distribution of profit
(36,448)
(36,448)

Amounts due to members
158,927
158,927

Balance at 31 March 2024 
158,927
158,927

There are no existing restrictions or limitations which impact the ability of the members of the LLP to reduce the amount of Members' other interests.

Page 3

 
TITHE BARN SHEPHERD HUTS LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Tithe Barn Shepherd Huts LLP, OC369602, is a limited liability partnership. It is incorporated in England & Wales. The registered office is Wey Court West, Union Road, Farnham, Surrey, GU9 7PT.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the LLP and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the LLP has transferred the significant risks and rewards of ownership to the buyer;
the LLP retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the LLP will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Operating leases: the LLP as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 4

 
TITHE BARN SHEPHERD HUTS LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.7

Division and distribution of profits

A division of profits is the mechanism by which the profits of an LLP become a debt due to members. A division may be automatic or discretionary, may relate to some or all of the profits for a financial period and may take place during or after the end of a financial period.

An automatic division of profits is one where the LLP does not have an unconditional right to avoid making a division of an amount of profits based on the members' agreement in force at the time, whereas a discretionary division of profits requires a decision to be made by the LLP, which it has the unconditional right to avoid making.

The LLP divides profits automatically. Automatic divisions of profits are recognised as 'Members' remuneration charged as an expense in .

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
Motor vehicles
-
25%
Fixtures and fittings
-
25%
Computer equipment
-
25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.9

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Page 5

 
TITHE BARN SHEPHERD HUTS LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 6

 
TITHE BARN SHEPHERD HUTS LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 April 2023
52,679
54,639
1,228
108,546


Additions
-
27,500
-
27,500



At 31 March 2024

52,679
82,139
1,228
136,046



Depreciation


At 1 April 2023
16,996
13,228
558
30,782


Charge for the year on owned assets
8,917
16,655
168
25,740



At 31 March 2024

25,913
29,883
726
56,522



Net book value



At 31 March 2024
26,766
52,256
502
79,524



At 31 March 2023
35,683
41,411
670
77,764

Page 7

 
TITHE BARN SHEPHERD HUTS LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Debtors

2024
2023
£
£


Trade debtors
18,405
45,786

Other debtors
25,431
27,598

Prepayments and accrued income
-
3,639

43,836
77,023



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
10,290
9,835

Trade creditors
20,723
1,640

Other taxation and social security
5,503
8,912

Accruals and deferred income
2,750
2,750

39,266
23,137



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
12,536
22,735


Page 8

 
TITHE BARN SHEPHERD HUTS LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

8.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
10,290
9,835

Amounts falling due 1-2 years

Bank loans
10,638
10,290

Amounts falling due 2-5 years

Bank loans
1,898
12,445


22,826
32,570



9.


Loans and other debts due to members


2024
2023
£
£



Other amounts due to members
(158,927)
(172,307)

(158,927)
(172,307)

Loans and other debts due to members may be further analysed as follows:

2024
2023
£
£



Falling due within one year
(158,927)
(172,307)

(158,927)
(172,307)

Loans and other debts due to members rank equally with debts due to ordinary creditors in the event of a winding up.

 
Page 9