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Registered No. OC348848 (England and Wales)
Yellow Fields Oil LLP Unaudited accounts for the year ended 31 March 2025
Yellow Fields Oil LLP LLP Information for the year ended 31 March 2025
Designated members
Mr Alan Brewis
Mr Selby Potts
Registered Number
OC348848 (England and Wales)
Registered Office
Selby House Farm Stanton Morpeth Northumberland NE65 8PR England
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Yellow Fields Oil LLP Statement of financial position as at 31 March 2025
2025 
2024 
Notes
£ 
£ 
Current assets
Debtors
4,263 
2,900 
Cash at bank and in hand
41,547 
40,033 
45,810 
42,933 
Creditors: amounts falling due within one year
- 
(1,650)
Net current assets
45,810 
41,283 
Net assets attributable to members
45,810 
41,283 
Represented by:
Loans and other debts due to members
44,810 
40,283 
Members' other interests
Members' capital classified as equity
1,000 
1,000 
45,810 
41,283 
Total members' interests
Loans and other debts due to members
44,810 
40,283 
Members' other interests
1,000 
1,000 
45,810 
41,283 
For the year ending 31 March 2025 the LLP was entitled to exemption under section 477 of the Companies Act 2006 (as applied to LLPs) relating to small LLPs.
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (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 profit and loss account has not been delivered to the Registrar of Companies.
Approved by the members on 1 May 2025.
Mr Alan Brewis Designated member Limited Liability Partnership Registration No. OC348848
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Yellow Fields Oil LLP Notes to the Accounts for the year ended 31 March 2025
1
Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
2
Statutory information
Yellow Fields Oil LLP is a limited liability partnership, incorporated in England and Wales, registration number OC348848. Its registered office is Selby House Farm, Stanton, Morpeth, Northumberland, NE65 8PR, England.
3
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
Taxes and social security costs
- 
650 
Accruals
- 
1,000 
- 
1,650 
4
Loans and other debts due to members
2025 
2024 
£ 
£ 
Amounts due to members in respect of profits
44,810 
40,283 
Amounts falling due within one year
44,810 
40,283 
Loans and other debts due to members rank equally with debts due to other unsecured creditors in the event of a winding up.
5
Average number of employees
During the year the average number of employees was 0 (2024: 0).
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