Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-302023-07-01truefalseLivestock Market2318trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false OC313654 2023-07-01 2024-06-30 OC313654 2022-07-01 2023-06-30 OC313654 2024-06-30 OC313654 2023-06-30 OC313654 c:Buildings 2023-07-01 2024-06-30 OC313654 c:Buildings 2024-06-30 OC313654 c:Buildings 2023-06-30 OC313654 c:Buildings c:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 OC313654 c:PlantMachinery 2023-07-01 2024-06-30 OC313654 c:PlantMachinery 2024-06-30 OC313654 c:PlantMachinery 2023-06-30 OC313654 c:PlantMachinery c:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 OC313654 c:MotorVehicles 2023-07-01 2024-06-30 OC313654 c:MotorVehicles 2024-06-30 OC313654 c:MotorVehicles 2023-06-30 OC313654 c:MotorVehicles c:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 OC313654 c:FurnitureFittings 2023-07-01 2024-06-30 OC313654 c:FurnitureFittings 2024-06-30 OC313654 c:FurnitureFittings 2023-06-30 OC313654 c:FurnitureFittings c:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 OC313654 c:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 OC313654 c:Goodwill 2023-07-01 2024-06-30 OC313654 c:Goodwill 2024-06-30 OC313654 c:Goodwill 2023-06-30 OC313654 c:CurrentFinancialInstruments 2024-06-30 OC313654 c:CurrentFinancialInstruments 2023-06-30 OC313654 c:Non-currentFinancialInstruments 2024-06-30 OC313654 c:Non-currentFinancialInstruments 2023-06-30 OC313654 c:CurrentFinancialInstruments c:WithinOneYear 2024-06-30 OC313654 c:CurrentFinancialInstruments c:WithinOneYear 2023-06-30 OC313654 c:Non-currentFinancialInstruments c:AfterOneYear 2024-06-30 OC313654 c:Non-currentFinancialInstruments c:AfterOneYear 2023-06-30 OC313654 c:Non-currentFinancialInstruments c:BetweenOneTwoYears 2024-06-30 OC313654 c:Non-currentFinancialInstruments c:BetweenOneTwoYears 2023-06-30 OC313654 d:FRS102 2023-07-01 2024-06-30 OC313654 d:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 OC313654 d:FullAccounts 2023-07-01 2024-06-30 OC313654 d:LimitedLiabilityPartnershipLLP 2023-07-01 2024-06-30 OC313654 2 2023-07-01 2024-06-30 OC313654 c:Goodwill c:OwnedIntangibleAssets 2023-07-01 2024-06-30 OC313654 d:PartnerLLP1 2023-07-01 2024-06-30 OC313654 c:OtherCapitalInstrumentsClassifiedAsEquity 2024-06-30 OC313654 c:OtherCapitalInstrumentsClassifiedAsEquity 2023-06-30 OC313654 c:FurtherSpecificReserve3ComponentTotalEquity 2024-06-30 OC313654 c:FurtherSpecificReserve3ComponentTotalEquity 2023-06-30 OC313654 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure

Registered number: OC313654OC313654









NOCK DEIGHTON AGRICULTURAL LLP







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

 
NOCK DEIGHTON AGRICULTURAL LLP
REGISTERED NUMBER: OC313654

BALANCE SHEET
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
25,200
25,800

Tangible assets
 5 
107,459
111,248

  
132,659
137,048

Current assets
  

Debtors: amounts falling due within one year
 6 
3,399,433
3,112,947

Cash at bank and in hand
 7 
17,882
9,901

  
3,417,315
3,122,848

Creditors: Amounts Falling Due Within One Year
 8 
(2,127,930)
(1,955,480)

Net current assets
  
 
 
1,289,385
 
 
1,167,368

Total assets less current liabilities
  
1,422,044
1,304,416

Creditors: amounts falling due after more than one year
 9 
(14,167)
(22,187)

  
1,407,877
1,282,229

  

Net assets
  
1,407,877
1,282,229


Represented by:
  

Loans and other debts due to members within one year
  

Other amounts
  
957,877
847,229

  
957,877
847,229

Members' other interests
  

Members' capital classified as equity
  
450,000
435,000

  
 
450,000
 
435,000

  
1,407,877
1,282,229


Total members' interests
  

Loans and other debts due to members
  
957,877
847,229

Members' other interests
  
450,000
435,000

  
1,407,877
1,282,229

Page 1

 
NOCK DEIGHTON AGRICULTURAL LLP
REGISTERED NUMBER: OC313654
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 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 profit and loss account 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: 




................................................
M J Clack
Designated member

Date: 12 March 2025

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
NOCK DEIGHTON AGRICULTURAL LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

Nock Deighton Agricultural LLP, OC313654, is a limited liability partnership, incorporated in England and Wales, with a registered office address and principal place of business at Livestock & Agricultural Centre, Tasley, Bridgnorth, Shropshire, WV16 4QR.

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.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the LLP will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

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

Page 3

 
NOCK DEIGHTON AGRICULTURAL LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.4

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.

 
2.5

Borrowing costs

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

 
2.6

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 .

 
2.7

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Profit and Loss Account over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
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.

Page 4

 
NOCK DEIGHTON AGRICULTURAL LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)


2.8
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Freehold property
-
5%
straight line
Plant and machinery
-
15%
straight line
Motor vehicles
-
25%
straight line
Fixtures and fittings
-
25%
straight line

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

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.

 
2.10

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.

 
2.11

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 23 (2023 - 18).

Page 5

 
NOCK DEIGHTON AGRICULTURAL LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

4.


Intangible assets




Goodwill

£



Cost


At 1 July 2023
30,000



At 30 June 2024

30,000



Amortisation


At 1 July 2023
4,200


Charge for the year on owned assets
600



At 30 June 2024

4,800



Net book value



At 30 June 2024
25,200



At 30 June 2023
25,800



Page 6

 
NOCK DEIGHTON AGRICULTURAL LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

5.


Tangible fixed assets





Freehold property
Plant and machinery
Motor vehicles
Fixtures and fittings
Total

£
£
£
£
£



Cost or valuation


At 1 July 2023
57,700
269,303
85,190
72,287
484,480


Additions
-
20,796
-
16,012
36,808



At 30 June 2024

57,700
290,099
85,190
88,299
521,288



Depreciation


At 1 July 2023
35,945
206,136
81,878
49,273
373,232


Charge for the year on owned assets
2,885
20,091
3,312
14,309
40,597



At 30 June 2024

38,830
226,227
85,190
63,582
413,829



Net book value



At 30 June 2024
18,870
63,872
-
24,717
107,459



At 30 June 2023
21,755
63,167
3,312
23,014
111,248


6.


Debtors

2024
2023
£
£


Trade debtors
3,242,199
2,971,491

Other debtors
436
2,311

Prepayments and accrued income
156,798
139,145

3,399,433
3,112,947


Page 7

 
NOCK DEIGHTON AGRICULTURAL LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
17,882
9,901

Less: bank overdrafts
(1,564,588)
(1,531,996)

(1,546,706)
(1,522,095)



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
1,564,588
1,531,996

Bank loans
10,000
11,980

Trade creditors
135,734
146,227

Other taxation and social security
131,177
102,276

Other creditors
48,000
52,934

Accruals and deferred income
238,431
110,067

2,127,930
1,955,480



9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
14,167
22,187

14,167
22,187


Page 8

 
NOCK DEIGHTON AGRICULTURAL LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

10.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
10,000
11,980


10,000
11,980

Amounts falling due 1-2 years

Bank loans
14,167
22,187


14,167
22,187



24,167
34,167

 
Page 9