| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 5 April 2025 |
| for |
| T & M Farms LLP |
| REGISTERED NUMBER: |
| 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: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 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 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 | ( |
) | ( |
) |
| NET CURRENT ASSETS |
| 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 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 were approved by the members of the LLP and authorised for issue on |
| 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 |
| 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 |
| Plant and machinery | - |
| 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 |
| DEPRECIATION |
| At 6 April 2024 |
| Charge for year |
| At 5 April 2025 |
| NET BOOK VALUE |
| At 5 April 2025 |
| At 5 April 2024 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| VAT |
| Accrued income |
| Prepayments |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Accruals and deferred income |