REGISTERED NUMBER: OC325040 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

T S Arable LLP

Page

General Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

Mr W G V Streeter

Mr T A H Streeter

John Tinney & Co Limited

REGISTERED OFFICE:

Matching Hall

Matching

Harlow

Essex

CM17 0QZ

REGISTERED NUMBER:

OC325040 (England and Wales)

ACCOUNTANTS:

Hardcastle Burton LLP

Lake House

Market Hill

Royston

Hertfordshire

SG8 9JN

FIXED ASSETS

Property, plant and machinery

4

757,450

691,221

Financial assets

5

100

100

757,550

691,321

CURRENT ASSETS

Inventories

27,623

-

Debtors

300,081

292,852

Cash at bank

13,181

38,472

340,885

331,324

CREDITORS

Amounts falling due within one year

220,995

214,104

NET CURRENT ASSETS

119,890

117,220

TOTAL ASSETS LESS CURRENT LIABILITIES

877,440

808,541

CREDITORS

Amounts falling due after more than one year

227,427

162,241

NET ASSETS ATTRIBUTABLE TO MEMBERS

650,013

646,300

LOANS AND OTHER DEBTS DUE TO MEMBERS

6

500,013

496,300

MEMBERS' OTHER INTERESTS

Capital accounts

150,000

150,000

650,013

646,300

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

6

500,013

496,300

Members' other interests

150,000

150,000

650,013

646,300

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 31 March 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

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 Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 31 July 2025 and were signed by:

Mr W G V Streeter - Designated member

John Tinney & Co Limited - Designated member

1.	STATUTORY INFORMATION

T S Arable LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents net invoiced contracting work done, excluding value added tax.

Property, plant and equipment

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant & machinery - 15% and 20% reducing balance

Fixtures & fittings - 3 years straight line

Motor vehicles - 25% reducing balance

Tractors - 20% reducing balance

Inventories

Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 5 (2024 - 5 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Totals

£

COST

At 1 April 2024

1,823,542

Additions

260,700

Disposals

(347

)

At 31 March 2025

2,083,895

DEPRECIATION

At 1 April 2024

1,132,321

Charge for year

194,381

Eliminated on disposal

(257

)

At 31 March 2025

1,326,445

NET BOOK VALUE

At 31 March 2025

757,450

At 31 March 2024

691,221

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals

£

COST

At 1 April 2024

894,897

Additions

235,000

Transfer to ownership

(399,994

)

At 31 March 2025

729,903

DEPRECIATION

At 1 April 2024

447,245

Charge for year

152,100

Transfer to ownership

(302,998

)

At 31 March 2025

296,347

NET BOOK VALUE

At 31 March 2025

433,556

At 31 March 2024

447,652

5.	FINANCIAL ASSETS

Information on investments other than loans is as follows:

Totals

£

COST

At 1 April 2024

and 31 March 2025

100

NET BOOK VALUE

At 31 March 2025

100

At 31 March 2024

100

Unlisted investments are shares held in a farming co-operative and as such their fair value will not be materially different from their cost.

6.

LOANS AND OTHER DEBTS DUE TO MEMBERS

31.3.25

31.3.24

£

£

Amounts owed to members in respect of profits

500,013

496,300

Falling due within one year

500,013

496,300

Amounts due to Members rank below other creditors who are unsecured in the event of a winding up. There is no protection afforded to any type of creditors.