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REGISTERED NUMBER: OC421916 (England and Wales)












Unaudited Financial Statements

for the Year Ended 5 April 2025

for

T & M Farms LLP

T & M Farms LLP (Registered number: OC421916)






Contents of the Financial Statements
for the year ended 5 April 2025




Page

General Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


T & M Farms LLP

General Information
for the year ended 5 April 2025







DESIGNATED MEMBERS: P Marks
R M Taylor





REGISTERED OFFICE: Brook Farm Gresty Lane
Shavington
Crewe
Cheshire
CW2 5DD





REGISTERED NUMBER: OC421916 (England and Wales)





ACCOUNTANTS: Banks Sheridan
Datum House
Electra Way
Crewe
Cheshire
CW1 6ZF

T & M Farms LLP (Registered number: OC421916)

Statement of Financial Position
5 April 2025

2025 2024
Notes £    £   
FIXED ASSETS
Tangible assets 5 506,166 506,255

CURRENT ASSETS
Debtors 6 1,748 5,472
Cash at bank 25,801 46,404
27,549 51,876
CREDITORS
Amounts falling due within one year 7 (10,410 ) (10,390 )
NET CURRENT ASSETS 17,139 41,486
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

523,305

547,741

LOANS AND OTHER DEBTS DUE TO
MEMBERS

523,305

547,741

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 523,305 547,741

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 5 April 2025.

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.

T & M Farms LLP (Registered number: OC421916)

Statement of Financial Position - continued
5 April 2025


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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 25 May 2025 and were signed by:





R M Taylor - Designated member

T & M Farms LLP (Registered number: OC421916)

Notes to the Financial Statements
for the year ended 5 April 2025

1. STATUTORY INFORMATION

T & M Farms LLP ('The LLP') is primarily engaged in farming.

The LLP is incorporated in England and Wales. The address of the principal place of business and registered office is Brook Farm, Gresty Lane, Shavington, Crewe, CW2 5DD. The registered number can be found on the Company Information page.

The functional and presentational currency of the financial statements is the Pound Sterling (£). Monetary amounts in these financial statements are rounded to the nearest £.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The principal accounting policies applied in the preparation of these financial statements are set out below.

These policies have been consistently applied to all years presented, unless otherwise stated.

Basis of preparation
The financial statements are prepared on the going concern basis under the historical cost convention and comply with the United Kingdom Accounting Standards and Companies Act 2006.

Going concern
After reviewing the LLP's forecasts and projections, the members have a reasonable expectation that the LLP has adequate resources to continue in operational existence for the foreseeable future. No material uncertainties that may cast doubt about the ability of the LLP to continue as a going concern have been identified by the members.

Therefore, the members consider it appropriate to prepare the financial statements on the going concern basis.

Revenue recognition
Turnover is measured at fair value of the consideration received or receivable. Turnover includes licence fees and land promotion fees. Rural single farms payments are included in other income.

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 - 25% on reducing balance

Freehold land is stated at cost as it is not depreciated.

Impairment of assets
Assets not measured at fair value are reviewed for any indications that the asset may be impaired at each statement of financial position date. If such indications exists the recoverable amount of the asset or the assets cash generating unit is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Any losses arising from impairment are recognised in the Statement of Comprehensive Income under the appropriate heading.

T & M Farms LLP (Registered number: OC421916)

Notes to the Financial Statements - continued
for the year ended 5 April 2025

4. EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2024 - NIL).

5. TANGIBLE FIXED ASSETS
Freehold Plant and
land machinery Totals
£    £    £   
COST
At 6 April 2024
and 5 April 2025 505,899 1,500 507,399
DEPRECIATION
At 6 April 2024 - 1,144 1,144
Charge for year - 89 89
At 5 April 2025 - 1,233 1,233
NET BOOK VALUE
At 5 April 2025 505,899 267 506,166
At 5 April 2024 505,899 356 506,255

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
VAT - 5,366
Accrued income 1,633 -
Prepayments 115 106
1,748 5,472

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Accruals and deferred income 10,410 10,390