Acorah Software Products - Accounts Production 16.0.110 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 OC394026 Mr Ray Wells Mrs Keri Wells iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC394026 2023-03-31 OC394026 2024-03-31 OC394026 2023-04-01 2024-03-31 OC394026 frs-core:CurrentFinancialInstruments 2024-03-31 OC394026 frs-core:Non-currentFinancialInstruments 2024-03-31 OC394026 frs-core:PlantMachinery 2024-03-31 OC394026 frs-core:PlantMachinery 2023-04-01 2024-03-31 OC394026 frs-core:PlantMachinery 2023-03-31 OC394026 frs-bus:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC394026 frs-bus:LimitedLiabilityPartnershipsSORP 2023-04-01 2024-03-31 OC394026 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 OC394026 frs-bus:SmallEntities 2023-04-01 2024-03-31 OC394026 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 OC394026 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 OC394026 frs-core:UnlistedNon-exchangeTraded 2024-03-31 OC394026 frs-core:UnlistedNon-exchangeTraded 2023-03-31 OC394026 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-03-31 OC394026 frs-core:AdditionsToInvestments frs-core:UnlistedNon-exchangeTraded 2024-03-31 OC394026 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-03-31 OC394026 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-03-31 OC394026 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-03-31 OC394026 frs-countries:EnglandWales 2023-04-01 2024-03-31 OC394026 frs-bus:PartnerLLP1 2023-04-01 2024-03-31 OC394026 frs-bus:PartnerLLP2 2023-04-01 2024-03-31 OC394026 2022-03-31 OC394026 2023-03-31 OC394026 2022-04-01 2023-03-31 OC394026 frs-core:CurrentFinancialInstruments 2023-03-31 OC394026 frs-core:Non-currentFinancialInstruments 2023-03-31
Registered number: OC394026
Mulberry House Farms LLP
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: OC394026
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 5,224 6,530
Investment Properties 5 1,500,000 875,000
Investments 6 116,000 96,000
1,621,224 977,530
CURRENT ASSETS
Stocks 7 655,291 -
Debtors 8 7,187 1,404
Cash at bank and in hand 121 15,542
662,599 16,946
Creditors: Amounts Falling Due Within One Year 9 (227,542 ) (44,128 )
NET CURRENT ASSETS (LIABILITIES) 435,057 (27,182 )
TOTAL ASSETS LESS CURRENT LIABILITIES 2,056,281 950,348
Creditors: Amounts Falling Due After More Than One Year 10 - (183,000 )
NET ASSETS ATTRIBUTABLE TO MEMBERS 2,056,281 767,348
REPRESENTED BY:
Equity
Members' other interests
Members' capital 1,140,590 391,173
Fair value reserve 940,241 315,241
Other reserves (24,550) 60,934
2,056,281 767,348
TOTAL MEMBERS' INTEREST
Members' other interests 2,056,281 767,348
2,056,281 767,348
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
Mr Ray Wells
Designated Member
14/08/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Mulberry House Farms LLP is a limited liability partnership, incorporated in England & Wales, registered number OC394026 . The Registered Office is 10 Jesus Lane, Cambridge, CB5 8BA.
2. Accounting Policies
2.1. Basis of Preparation of 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 as modified by the revaluation of certain assets. 
2.2. Turnover
Turnover represents rental Income in respect of the investment properties owned by the LLP.
2.3. Tangible Fixed Assets and Depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. 
Plant & Machinery 20% reducing balance
2.4. Investment Properties
Investment properties for which fair value can be measured reliably without undue cost or effort are measured at fair value at each reporting date with changes in fair value recognised in profit or loss.
Investment properties were valued at their fair value by R P Wells, a member of the LLP. Although Mr Wells is not a professionally qualified valuer  he does have considerable experience in the location and class of investment property being revalued.
2.5. Stocks and Work in Progress
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. 
3. Average Number of Employees
The average number of employees during the year was: NIL (2023: NIL)
- -
4. Tangible Assets
Plant & Machinery
£
Cost or Valuation
As at 1 April 2023 22,200
As at 31 March 2024 22,200
Depreciation
As at 1 April 2023 15,670
Provided during the period 1,306
As at 31 March 2024 16,976
Net Book Value
As at 31 March 2024 5,224
As at 1 April 2023 6,530
Page 3
Page 4
5. Investment Property
2024
£
Fair Value
As at 1 April 2023 875,000
Revaluations 625,000
As at 31 March 2024 1,500,000
6. Investments
Unlisted
£
Cost
As at 1 April 2023 96,000
Additions 20,000
As at 31 March 2024 116,000
Provision
As at 1 April 2023 -
As at 31 March 2024 -
Net Book Value
As at 31 March 2024 116,000
As at 1 April 2023 96,000
7. Stocks
2024 2023
£ £
Stock 655,291 -
8. Debtors
2024 2023
£ £
Due within one year
Trade debtors 5,850 -
Other debtors 1,337 1,404
7,187 1,404
9. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 183,000 32,500
VAT 1,260 -
Other creditors 43,282 11,628
227,542 44,128
Page 4
Page 5
10. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans - 183,000
Page 5