Acorah Software Products - Accounts Production 16.3.350 false true true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 OC433946 C R Ireland R J Means W A Gemmill S D Spalding true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC433946 2024-03-31 OC433946 2025-03-31 OC433946 2024-04-01 2025-03-31 OC433946 frs-core:CurrentFinancialInstruments 2025-03-31 OC433946 frs-core:ComputerEquipment 2025-03-31 OC433946 frs-core:ComputerEquipment 2024-04-01 2025-03-31 OC433946 frs-core:ComputerEquipment 2024-03-31 OC433946 frs-core:FurnitureFittings 2025-03-31 OC433946 frs-core:FurnitureFittings 2024-04-01 2025-03-31 OC433946 frs-core:FurnitureFittings 2024-03-31 OC433946 frs-core:NetGoodwill 2025-03-31 OC433946 frs-core:NetGoodwill 2024-04-01 2025-03-31 OC433946 frs-core:NetGoodwill 2024-03-31 OC433946 frs-bus:LimitedLiabilityPartnershipLLP 2024-04-01 2025-03-31 OC433946 frs-bus:LimitedLiabilityPartnershipsSORP 2024-04-01 2025-03-31 OC433946 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 OC433946 frs-bus:SmallEntities 2024-04-01 2025-03-31 OC433946 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 OC433946 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 OC433946 1 2024-04-01 2025-03-31 OC433946 frs-countries:EnglandWales 2024-04-01 2025-03-31 OC433946 frs-bus:PartnerLLP1 2024-04-01 2025-03-31 OC433946 frs-bus:PartnerLLP2 2024-04-01 2025-03-31 OC433946 frs-bus:PartnerLLP3 2024-04-01 2025-03-31 OC433946 frs-bus:PartnerLLP4 2024-04-01 2025-03-31 OC433946 2023-03-31 OC433946 2024-03-31 OC433946 2023-04-01 2024-03-31 OC433946 frs-core:CurrentFinancialInstruments 2024-03-31
Registered number: OC433946
Ceres Rural LLP
Financial Statements
For The Year Ended 31 March 2025
Avant Advisory Ltd
Chartered Certified Accountants
124 City Road
London
EC1V 2NX
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: OC433946
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 87,398 -
Tangible Assets 5 86,969 89,755
174,367 89,755
CURRENT ASSETS
Debtors 6 1,072,182 782,245
Cash at bank and in hand 545,793 611,701
1,617,975 1,393,946
Creditors: Amounts Falling Due Within One Year 7 (534,722 ) (634,232 )
NET CURRENT ASSETS (LIABILITIES) 1,083,253 759,714
TOTAL ASSETS LESS CURRENT LIABILITIES 1,257,620 849,469
NET ASSETS ATTRIBUTABLE TO MEMBERS 1,257,620 849,469
REPRESENTED BY:
Loans and other debts due to members within one year
Other amounts 1,257,620 849,469
1,257,620 849,469
1,257,620 849,469
TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year 1,257,620 849,469
1,257,620 849,469
Page 1
Page 2
For the year ending 31 March 2025 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 applicable to LLPs subject to the small LLPs regime.)
The members acknowledge their responsibilities for complying with the requirements of the Act (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 LLP has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account.
On behalf of the members
C R Ireland
Designated Member
R J Means
Designated Member
W A Gemmill
Designated Member
S D Spalding
Designated Member
07/07/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Ceres Rural LLP is a limited liability partnership, incorporated in England & Wales, registered number OC433946 . The Registered Office is Council Offices, London Road, Saffron Walden, CB11 4ER.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP) and the Companies Act 2006 (as applied to LLPs).
The financial statements are prepared in sterling which is the functional currency of the LLP.
2.2. Going Concern Disclosure
The members have not identified any material uncertainties related to events or conditions that may cast significant doubt about the LLP's ability to continue as a going concern.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. 
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Intangible Fixed Assets and Amortisation - Goodwill
The goodwill recognised in these financial statements has been generated as a result of the purchase of agronomy fee books. 
This goodwill is amortised over its estimated useful life of 3 years.
Goodwill will continue to be reviewed annually or whenever indicators of impairment arise to ensure that its carrying amount does not exceed its recoverable amount.
2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 20% on reducing balance
Computer Equipment 33% straight line
2.6. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the LLP. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.7. Pensions
The LLP operates a defined pension contribution scheme. Contributions are charged to the Profit and Loss Account as they become payable in accordance with the rules of the scheme.
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Page 4
2.8. Members' remuneration
The LLP agreement prescribes that the entire profit for the year is to be allocate to members. As such, the nature of the relationship is contractual and therefore all profits are treated as 'members remuneration charged as an expense'.
2.9. Provisions for liabilities
From time to time, the LLP could be involved in disputes in the ordinary course of business which may give rise to claims. Provision is made in the financial statements for all claims where costs are likely to be incurred and represents the cost of defending and concluding claims. 
The LLP carries professional indemnity insurance and no separate disclosure is made of the cost of claims covered by insurance as to do so could seriously prejudice the position of the LLP.
The LLP assesses for liabilities including property dilapidation provisions for which the present value of the obligation is provided for on a systematic basis by reference to estimated amounts until the final settlement amount crystallises. 
A present obligation arises from the presence of a legal or constructive commitment that has resulted from past events, and is provided for where the outflow of economic resources from the LLP is probable and can be reliably estimated.
3. Average Number of Employees
Average number of employees, ncluding members with contracts of employment, during the year was: 46 (2024: 35)
46 35
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2024 -
Additions 110,666
As at 31 March 2025 110,666
Amortisation
As at 1 April 2024 -
Provided during the period 23,268
As at 31 March 2025 23,268
Net Book Value
As at 31 March 2025 87,398
As at 1 April 2024 -
5. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 April 2024 60,147 107,248 167,395
Additions 1,174 36,434 37,608
Disposals - (1,297 ) (1,297 )
As at 31 March 2025 61,321 142,385 203,706
...CONTINUED
Page 4
Page 5
Depreciation
As at 1 April 2024 17,993 59,647 77,640
Provided during the period 9,563 29,677 39,240
Disposals - (143 ) (143 )
As at 31 March 2025 27,556 89,181 116,737
Net Book Value
As at 31 March 2025 33,765 53,204 86,969
As at 1 April 2024 42,154 47,601 89,755
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 844,598 604,195
Other debtors 174,113 144,295
1,018,711 748,490
Due after more than one year
Other debtors 53,471 33,755
1,072,182 782,245
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 154,094 28,461
Amounts owed to participating interests - 303,854
Other creditors 165,620 127,453
Taxation and social security 215,008 174,464
534,722 634,232
8. Ultimate Controlling Party
The LLP's ultimate controlling party is Ceres Group Consultancy LLP, registered number OC446662.
Page 5