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REGISTERED NUMBER: OC427895 (Wales)















SNOWDONIA GOAT COMPANY LLP

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024






SNOWDONIA GOAT COMPANY LLP (REGISTERED NUMBER: OC427895)

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


SNOWDONIA GOAT COMPANY LLP

GENERAL INFORMATION
for the Year Ended 31 JULY 2024







DESIGNATED MEMBERS: E M Darbyshire
H M Williams





REGISTERED OFFICE: Tyddyn Barwn
Llandderfel
Bala
Gwynedd
LL23 7RH





REGISTERED NUMBER: OC427895 (Wales)





ACCOUNTANTS: E W Owen & Co
Glyndwr Buildings
Glyndwr Street
Dolgellau
Gwynedd
LL40 1BB

SNOWDONIA GOAT COMPANY LLP (REGISTERED NUMBER: OC427895)

BALANCE SHEET
31 JULY 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 61,023 62,951

CURRENT ASSETS
Stocks 7,665 15,850
Debtors 5 207 181
Cash in hand 200 60
8,072 16,091
CREDITORS
Amounts falling due within one year 6 19,390 16,354
NET CURRENT LIABILITIES (11,318 ) (263 )
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

49,705

62,688

LOANS AND OTHER DEBTS DUE TO
MEMBERS

7

49,705

62,688

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 7 49,705 62,688

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.

SNOWDONIA GOAT COMPANY LLP (REGISTERED NUMBER: OC427895)

BALANCE SHEET - continued
31 JULY 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 10 April 2025 and were signed by:




E M Darbyshire - Designated member




H M Williams - Designated member


SNOWDONIA GOAT COMPANY LLP (REGISTERED NUMBER: OC427895)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 JULY 2024


1. STATUTORY INFORMATION

Snowdonia Goat Company LLP is registered in 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.
Plant and machinery - 20% on reducing balance
Computer equipment - 20% 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.

3. EMPLOYEE INFORMATION

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

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and Computer
property property machinery equipment Totals
£    £    £    £    £   
COST
At 1 August 2023
and 31 July 2024 47,822 5,492 18,602 285 72,201
DEPRECIATION
At 1 August 2023 - - 9,082 168 9,250
Charge for year - - 1,904 24 1,928
At 31 July 2024 - - 10,986 192 11,178
NET BOOK VALUE
At 31 July 2024 47,822 5,492 7,616 93 61,023
At 31 July 2023 47,822 5,492 9,520 117 62,951

SNOWDONIA GOAT COMPANY LLP (REGISTERED NUMBER: OC427895)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 JULY 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
VAT 207 181

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 4,638 1,448
Loans 400 400
HSBC Bounce Back Loan 11,407 13,257
Trade creditors 2,345 649
Accrued expenses 600 600
19,390 16,354

7. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank equally with debts due to unsecured creditors in the event of a winding up.
There is no provision for specific legally enforceable protection afforded to creditors in such an event.
There are no restrictions or limitations on the ability of the members to reduce the amount of ‘Members’ other interests'.