IRIS Accounts Production v25.1.3.33 OC443082 designated member 1.4.23 31.3.24 31.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhOC4430822023-03-31OC4430822024-03-31OC4430822023-04-012024-03-31OC4430822022-07-11OC4430822022-07-122023-03-31OC4430822023-03-31OC443082ns15:EnglandWales2023-04-012024-03-31OC443082ns14:PoundSterling2023-04-012024-03-31OC443082ns10:PartnerLLP12023-04-012024-03-31OC443082ns10:LimitedLiabilityPartnershipLLP2023-04-012024-03-31OC443082ns10:SmallEntities2023-04-012024-03-31OC443082ns10:AuditExemptWithAccountantsReport2023-04-012024-03-31OC443082ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-31OC443082ns10:LimitedLiabilityPartnershipsSORP2023-04-012024-03-31OC443082ns10:FullAccounts2023-04-012024-03-31OC443082ns10:PartnerLLP22023-04-012024-03-31OC443082ns10:PartnerLLP32023-04-012024-03-31OC443082ns10:RegisteredOffice2023-04-012024-03-31OC443082ns5:CurrentFinancialInstruments2024-03-31OC443082ns5:CurrentFinancialInstruments2023-03-31OC443082ns5:Non-currentFinancialInstruments2024-03-31OC443082ns5:Non-currentFinancialInstruments2023-03-31OC443082ns5:LandBuildings2023-04-012024-03-31OC443082ns5:LandBuildings2023-03-31OC443082ns5:LandBuildings2024-03-31OC443082ns5:LandBuildings2023-03-31OC443082ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-31OC443082ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-31OC443082ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-03-31OC443082ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-03-31OC443082ns5:Secured2024-03-31OC443082ns5:Secured2023-03-31
REGISTERED NUMBER: OC443082 (England and Wales)















Report of the Members and

Unaudited Financial Statements for the Year Ended 31st March 2024

for

Oxstalls Farm LLP

Oxstalls Farm LLP (Registered number: OC443082)






Contents of the Financial Statements
for the Year Ended 31st March 2024




Page

General Information 1

Report of the Members 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 6


Oxstalls Farm LLP

General Information
for the Year Ended 31st March 2024







DESIGNATED MEMBERS: R R Evans
The Foxhunter Limited
Croeso Developments Limited





REGISTERED OFFICE: c/o OCG Accountants Ltd
Biz Hub Tees Valley
Belasis Technology Park
Billingham
TS23 4EA





REGISTERED NUMBER: OC443082 (England and Wales)





ACCOUNTANTS: OCG Accountants Ltd
Biz Hub Tees Valley
Belasis Hall Technology Park
Coxwold Way
Billingham
Co. Durham
TS23 4EA

Oxstalls Farm LLP (Registered number: OC443082)

Report of the Members
for the Year Ended 31st March 2024

The members present their report with the financial statements of the LLP for the year ended 31st March 2024.

PRINCIPAL ACTIVITY
The principal activity of the LLP in the year under review was that of property letting.

DESIGNATED MEMBERS
The designated members during the year under review were:

R R Evans
The Foxhunter Limited
Croeso Developments Limited

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS
The profit for the year before members' remuneration and profit shares was £41,655 (2023 - £348,986 profit).

MEMBERS' INTERESTS
Members are remunerated from the profits of the LLP and are required to make their own provision for pensions and other benefits. Profits are allocated and divided between members after finalisation of the financial statements. Members draw a proportion of their profit shares during the year in which it is made, with the balance of profits being distributed after the year end, subject to the cash requirements of the business. Capital is repaid to members on resignation or retirement. Only those members who have contributed capital to the LLP are allocated losses, if the LLP declares a loss in a period.

ON BEHALF OF THE MEMBERS:





R R Evans - Designated member


15th May 2025

Oxstalls Farm LLP (Registered number: OC443082)

Income Statement
for the Year Ended 31st March 2024

Period
12.7.22
Year Ended to
31.3.24 31.3.23
£    £   

TURNOVER 257,184 201,729

Administrative expenses (160,229 ) (159,788 )
96,955 41,941

Other operating income - 335,581
OPERATING PROFIT 96,955 377,522

Interest receivable and similar income - 2
96,955 377,524

Interest payable and similar expenses (55,300 ) (28,538 )
PROFIT FOR THE FINANCIAL YEAR BEFORE
MEMBERS' REMUNERATION AND PROFIT
SHARES AVAILABLE FOR DISCRETIONARY
DIVISION AMONG MEMBERS



41,655



348,986

Oxstalls Farm LLP (Registered number: OC443082)

Balance Sheet
31st March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 3,005,000 3,005,000

CURRENT ASSETS
Debtors 5 77,306 64,866

CREDITORS
Amounts falling due within one year 6 (13,915 ) (15,186 )
NET CURRENT ASSETS 63,391 49,680
TOTAL ASSETS LESS CURRENT LIABILITIES 3,068,391 3,054,680

CREDITORS
Amounts falling due after more than one
year

7

(784,730

)

(792,030

)
NET ASSETS ATTRIBUTABLE TO MEMBERS 2,283,661 2,262,650

LOANS AND OTHER DEBTS DUE TO
MEMBERS

9

-

2,262,650

MEMBERS' OTHER INTERESTS
Capital accounts 2,283,661 -
2,283,661 2,262,650

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 9 - 2,262,650
Members' other interests 2,283,661 -
Amounts due from members 5 (10,320 ) (2,880 )
2,273,341 2,259,770

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 31st March 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.

Oxstalls Farm LLP (Registered number: OC443082)

Balance Sheet - continued
31st March 2024


The financial statements have been prepared in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The financial statements were approved by the members of the LLP and authorised for issue on 15th May 2025 and were signed by:





R R Evans - Designated member

Oxstalls Farm LLP (Registered number: OC443082)

Notes to the Financial Statements
for the Year Ended 31st March 2024

1. STATUTORY INFORMATION

Oxstalls Farm 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 as modified by the revaluation of certain assets.

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.
Land and buildings - in accordance with the property

3. EMPLOYEE INFORMATION

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST OR VALUATION
At 1st April 2023
and 31st March 2024 3,005,000
NET BOOK VALUE
At 31st March 2024 3,005,000
At 31st March 2023 3,005,000

Cost or valuation at 31st March 2024 is represented by:

Land and
buildings
£   
Valuation in 2023 335,581
Cost 2,669,419
3,005,000

Members see no benefit in revaluing the assets.

Oxstalls Farm LLP (Registered number: OC443082)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts due from members 10,320 2,880
Other debtors 62,000 57,000
Prepayments 4,986 4,986
77,306 64,866

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 11,815 15,186
Other creditors 2,100 -
13,915 15,186

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 2-5 years 580,311 587,611
Other creditors 204,419 204,419
784,730 792,030

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Mortgage 204,419 204,419
Loans 592,126 602,797
796,545 807,216

9. LOANS AND OTHER DEBTS DUE TO MEMBERS

Members rank ahead of other creditors in a liquidation.