Company No:
Contents
| Note | 31.03.2025 | |
| £ | ||
| Fixed assets | ||
| Tangible assets | 3 |
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| 620,239 | ||
| Current assets | ||
| Debtors | 4 |
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| 114,454 | ||
| Creditors: amounts falling due within one year | 5 | (
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| Net current assets | 112,504 | |
| Total assets less current liabilities | 732,743 | |
| Net assets attributable to members |
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| Represented by | ||
| Members' other interests | ||
| Members' capital classified as equity | 781,002 | |
| Other reserves | (48,259) | |
| 732,743 | ||
| 732,743 | ||
| Total members' interests | ||
| Members' other interests | 732,743 | |
| 732,743 |
Members' responsibilities:
The financial statements of Rexton Gorse Estate Limited Liability Partnership (registered number:
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Mr I H Harding
Designated member |
Dr I M Harding
Designated member |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.
Rexton Gorse Limited Liability Partnership 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 Rexton Gorse, Crowcombe, Taunton, TA4 4BP, United Kingdom.
The financial statements have been prepared under the historical cost convention 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 £.
| Land and buildings | not depreciated |
| Plant and machinery etc. |
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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.
Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.
Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.
Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.
Other basic financial liabilities are measured at amortised cost.
| Period from 11.10.2023 to 31.03.2025 |
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| Number | |
| Monthly average number of persons employed by the LLP during the period |
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| Land and buildings | Plant and machinery etc. | Total | |||
| £ | £ | £ | |||
| Cost | |||||
| At 11 October 2023 |
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| Additions |
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| At 31 March 2025 |
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| Accumulated depreciation | |||||
| At 11 October 2023 |
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| Charge for the financial period |
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| At 31 March 2025 |
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| Net book value | |||||
| At 31 March 2025 |
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| 31.03.2025 | |
| £ | |
| Other debtors |
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| 31.03.2025 | |
| £ | |
| Other creditors |
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