Company No:
Contents
| DESIGNATED MEMBERS | Anne Elizabeth Wright |
| Jeannie Ethel May Wright |
| MEMBER | The Trustees Of The Wright Discretionary Trust 2015 |
| REGISTERED OFFICE | Woodside Farm Church Road |
| Friston | |
| Saxmundham | |
| IP17 1PU | |
| United Kingdom |
| REGISTERED NUMBER | OC401515 (England and Wales) |
| CHARTERED ACCOUNTANTS | Gascoynes |
| Gascoyne House | |
| Moseleys Farm Business Centre | |
| Fornham All Saints | |
| Bury St Edmunds | |
| Suffolk | |
| IP28 6JY |
| Note | 2025 | 2024 | ||
| £ | £ | |||
| Fixed assets | ||||
| Tangible assets | 3 |
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| 212,987 | 214,581 | |||
| Current assets | ||||
| Debtors | 4 |
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| Cash at bank and in hand | 5 |
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| 66,227 | 70,532 | |||
| Creditors: amounts falling due within one year | 6 | (
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(
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| Net current assets | 64,908 | 69,272 | ||
| Total assets less current liabilities | 277,895 | 283,853 | ||
| Net assets attributable to members |
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| Represented by | ||||
| Loans and other debts due to members within one year | ||||
| Other amounts | 73,697 | 63,814 | ||
| 73,697 | 63,814 | |||
| Members' other interests | ||||
| Members' capital classified as equity | 210,000 | 210,000 | ||
| Other reserves | (5,802) | 10,039 | ||
| 204,198 | 220,039 | |||
| 277,895 | 283,853 | |||
| Total members' interests | ||||
| Loans and other debts due to members | 73,697 | 63,814 | ||
| Members' other interests | 204,198 | 220,039 | ||
| 277,895 | 283,853 |
Members' responsibilities:
The financial statements of Buffs Old Barn LLP (registered number:
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Jeannie Ethel May Wright
Designated member |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.
Buffs Old Barn LLP is a limited liability partnership, incorporated in the United Kingdom under the Limited Liability Partnerships Act 2000 and is registered in England and Wales. The address of the LLP's registered office is Woodside Farm Church Road, Friston, Saxmundham, IP17 1PU, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Limited Liability Partnerships Act 2000 as applicable to companies subject to the small companies regime and the requirements of the Statement of Recommended Practice Accounting by Limited Liability Partnerships issued in December 2021 (SORP 2022).
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.
| Investment property |
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| Plant and machinery |
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The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.
| 2025 | 2024 | ||
| Number | Number | ||
| Monthly average number of persons employed by the LLP during the year |
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| Investment property | Plant and machinery | Total | |||
| £ | £ | £ | |||
| Cost | |||||
| At 01 April 2024 |
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| At 31 March 2025 |
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| Accumulated depreciation | |||||
| At 01 April 2024 |
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| Charge for the financial year |
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| At 31 March 2025 |
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| Net book value | |||||
| At 31 March 2025 |
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| At 31 March 2024 |
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| £ | £ | ||
| Other debtors |
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| £ | £ | ||
| Cash at bank and in hand |
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| £ | £ | ||
| Other creditors |
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