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REGISTERED NUMBER: OC355384 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

Busfeild Arms LLP

Busfeild Arms LLP (Registered number: OC355384)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

General information 1

Balance sheet 2

Notes to the financial statements 4


Busfeild Arms LLP

General Information
for the Year Ended 31 July 2024







DESIGNATED MEMBERS: Mrs S M Crosswaite
M S Crosswaite





REGISTERED OFFICE: Main Road
East Morton
Keighley
West Yorkshire
BD20 5SP





REGISTERED NUMBER: OC355384 (England and Wales)





ACCOUNTANTS: DWilkinson&Company
Bank House
27 King Street
Leeds
West Yorkshire
LS1 2HL

Busfeild Arms LLP (Registered number: OC355384)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 975,248 961,646

CURRENT ASSETS
Stocks 5 20,137 19,396
Debtors 6 14,856 13,010
Cash at bank and in hand 61,392 77,700
96,385 110,106
CREDITORS
Amounts falling due within one year 7 134,249 114,382
NET CURRENT LIABILITIES (37,864 ) (4,276 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

937,384

957,370

CREDITORS
Amounts falling due after more than
one year

8

114,931

150,498
NET ASSETS ATTRIBUTABLE TO
MEMBERS

822,453

806,872

Busfeild Arms LLP (Registered number: OC355384)

Balance Sheet - continued
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
LOANS AND OTHER DEBTS DUE
TO MEMBERS

11

822,453

806,872

TOTAL MEMBERS' INTERESTS
Loans and other debts due to
members

11

822,453

806,872

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 year ended 31 July 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.

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 25 April 2025 and were signed by:





M S Crosswaite - Designated member

Busfeild Arms LLP (Registered number: OC355384)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Busfeild Arms 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

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

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 41 (2023 - 40 ) .

Busfeild Arms LLP (Registered number: OC355384)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
Freehold to and
property property fittings
£    £    £   
COST
At 1 August 2023 704,838 371,593 255,867
Additions - 43,378 5,093
At 31 July 2024 704,838 414,971 260,960
DEPRECIATION
At 1 August 2023 - 184,664 187,185
Charge for year - 34,604 11,066
At 31 July 2024 - 219,268 198,251
NET BOOK VALUE
At 31 July 2024 704,838 195,703 62,709
At 31 July 2023 704,838 186,929 68,682

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 August 2023 5,000 5,182 1,342,480
Additions 14,800 - 63,271
At 31 July 2024 19,800 5,182 1,405,751
DEPRECIATION
At 1 August 2023 3,804 5,181 380,834
Charge for year 3,999 - 49,669
At 31 July 2024 7,803 5,181 430,503
NET BOOK VALUE
At 31 July 2024 11,997 1 975,248
At 31 July 2023 1,196 1 961,646

5. STOCKS
31.7.24 31.7.23
£    £   
Stocks 20,137 19,396

Busfeild Arms LLP (Registered number: OC355384)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Other debtors 8,000 8,000
Prepayments 6,856 5,010
14,856 13,010

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts (see note 9)
4,902

908
Trade creditors 79,094 63,939
Social security and other taxes 5,190 3,417
VAT 39,877 38,693
Other creditors 1,216 1,275
Accrued expenses 3,970 6,150
134,249 114,382

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.7.24 31.7.23
£    £   
Other loans (see note 9) 114,931 150,498

9. LOANS

An analysis of the maturity of loans is given below:

31.7.24 31.7.23
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 4,902 908

Amounts falling due between one and two years:
Loans 114,931 150,498

Busfeild Arms LLP (Registered number: OC355384)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

10. SECURED DEBTS

The following secured debts are included within creditors:

31.7.24 31.7.23
£    £   
Loans 114,931 150,498

11. LOANS AND OTHER DEBTS DUE TO MEMBERS
31.7.24 31.7.23
£    £   
Amounts owed to members in respect of profits 822,453 806,872

Falling due within one year 822,453 806,872

In the event of a winding up the amounts included in "Loans and others debts due to members" will rank equally with unsecured creditors.