Treen Farm Campsite LLP OC440409 false 2024-04-01 2025-03-31 2025-03-31 The principal activity of the company is Operation of campsite. Digita Accounts Production Advanced 6.30.9574.0 true OC440409 2024-04-01 2025-03-31 OC440409 2025-03-31 OC440409 core:CurrentFinancialInstruments 2025-03-31 OC440409 core:WithinOneYear 2025-03-31 OC440409 core:ConstructionInProgressAssetsUnderConstruction 2025-03-31 OC440409 core:FurnitureFittings 2025-03-31 OC440409 core:PlantMachinery 2025-03-31 OC440409 bus:SmallEntities 2024-04-01 2025-03-31 OC440409 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 OC440409 bus:FilletedAccounts 2024-04-01 2025-03-31 OC440409 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 OC440409 bus:RegisteredOffice 2024-04-01 2025-03-31 OC440409 bus:PartnerLLP1 2024-04-01 2025-03-31 OC440409 bus:PartnerLLP2 2024-04-01 2025-03-31 OC440409 bus:PartnerLLP3 2024-04-01 2025-03-31 OC440409 bus:LimitedLiabilityPartnershipLLP 2024-04-01 2025-03-31 OC440409 core:Buildings 2024-04-01 2025-03-31 OC440409 core:ComputerEquipment 2024-04-01 2025-03-31 OC440409 core:ConstructionInProgressAssetsUnderConstruction 2024-04-01 2025-03-31 OC440409 core:FurnitureFittings 2024-04-01 2025-03-31 OC440409 core:MotorVehicles 2024-04-01 2025-03-31 OC440409 core:PlantMachinery 2024-04-01 2025-03-31 OC440409 countries:AllCountries 2024-04-01 2025-03-31 OC440409 2024-03-31 OC440409 core:ConstructionInProgressAssetsUnderConstruction 2024-03-31 OC440409 core:FurnitureFittings 2024-03-31 OC440409 core:PlantMachinery 2024-03-31 OC440409 2023-04-01 2024-03-31 OC440409 2024-03-31 OC440409 core:CurrentFinancialInstruments 2024-03-31 OC440409 core:WithinOneYear 2024-03-31 OC440409 core:ConstructionInProgressAssetsUnderConstruction 2024-03-31 OC440409 core:FurnitureFittings 2024-03-31 OC440409 core:PlantMachinery 2024-03-31 iso4217:GBP xbrli:pure

Registration number: OC440409

Treen Farm Campsite LLP
Unaudited Filleted Financial Statements
for the Year Ended 31 March 2025

Treen Farm Campsite LLP

Contents

Limited liability partnership information | 1
Financial Statements | 2 to 7
Balance Sheet | 2
Notes to the Financial Statements | 4

Treen Farm Campsite LLP

Limited liability partnership information

Designated members | M Hall G Hall R Hall

Registered office | 11 Alverton Terrace PENZANCE Cornwall TR18 4JH

Accountants | Crane & Johnston C&J Ltd Chartered Certified Accountants 11 Alverton Terrace Penzance Cornwall TR18 4JH

Treen Farm Campsite LLP

(Registration number: OC440409)
Balance Sheet as at 31 March 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 3 | 118,383 | 109,480
Current assets |  |  |
Stocks |  | 1,500 | 2,000
Debtors | 4 | 6,843 | 9,409
Cash and short-term deposits |  | 5,579 | 1,962
|  | 13,922 | 13,371
Creditors: Amounts falling due within one year | 5 | (4,993) | (3,776)
Net current assets |  | 8,929 | 9,595
Net assets attributable to members |  | 127,312 | 119,075
Represented by: |  |  |
Members’ other interests |  |  |
Members' capital classified as equity |  | 127,312 | 119,075
|  | 127,312 | 119,075
Total members' interests |  |  |
Equity |  | 127,312 | 119,075
|  | 127,312 | 119,075

For the year ending 31 March 2025 the limited liability partnership was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied to limited liability partnerships, relating to small entities.

These financial statements have been prepared and delivered in accordance with the provisions applicable to limited liability partnerships subject to the small limited liability partnerships regime. As permitted by section 444 (5A) of the Companies Act 2006, the members have not delivered to the registrar a copy of the Profit and Loss Account.

The members acknowledge their responsibilities for complying with the requirements of the Act, as applied to limited liability partnerships by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 with respect to accounting records and the preparation of accounts.

Treen Farm Campsite LLP

(Registration number: OC440409)
Balance Sheet as at 31 March 2025

The financial statements of Treen Farm Campsite LLP (registered number OC440409) were approved by the Board and authorised for issue on 17 September 2025. They were signed on behalf of the limited liability partnership by:

......................................... G Hall Designated member

Treen Farm Campsite LLP

Notes to the Financial Statements for the Year Ended 31 March 2025

1 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

General information and basis of accounting

The limited liability partnership is incorporated in England and Wales under the Limited Liability Partnership Act 2000. The address of the registered office is given on the limited liability partnership information page.
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The functional currency of Treen Farm Campsite LLP is considered to be pounds sterling because that is the currency of the primary economic environment in which the limited liability partnership operates. Foreign operations are included in accordance with the policies set out below.

Revenue recognition

Revenue is recognised to the extent that the limited liability partnership obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales tax or duty.

Members' remuneration and division of profits

The SORP recognises that the basis of calculating profits for allocation may differ from the profits reflected through the financial statements prepared in compliance with recommended practice, given the established need to seek to focus profit allocation on ensuring equity between different generations and populations of members.
Consolidation of the results of certain subsidiary undertakings, the provision for annuities to current and former members, pension scheme charges, the spreading of acquisition integration costs and the treatment of long leasehold interests are all items which may generate differences between profits calculated for the purpose of allocation and those reported within the financial statements. Where such differences arise, they have been included within other amounts in the balance sheet.
Members' fixed shares of profits (excluding discretionary fixed share bonuses) and interest earned on members' balances are automatically allocated and, are treated as members' remuneration charged as an expense to the profit and loss account in arriving at profit available for discretionary division among members.
The remainder of profit shares, which have not been allocated until after the balance sheet date, are treated in these financial statements as unallocated at the balance sheet date and included within other reserves.

Treen Farm Campsite LLP

Notes to the Financial Statements for the Year Ended 31 March 2025

Taxation

The taxation payable on the partnership's profits is the personal liability of the members, although payment of such liabilities is administered by the partnership on behalf of its members. Consequently, neither partnership taxation nor related deferred taxation is accounted for in these financial statements. Sums set aside in respect of members' tax obligations are included in the balance sheet within loans and other debts due to members, or are set against amounts due from members as appropriate.

Tangible fixed assets

Individual fixed assets costing £500.00 or more are initially recorded at cost.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class | Depreciation method and rate
Property | None
Plant and equipment | 15 - 25% straight line
IT equipment | 15% straight line
Motor vehicles | 25% straight line

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the limited liability partnership will not be able to collect all amounts due according to the original terms of the receivables.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Members' interests

Amounts due to members after more than one year comprise provisions for annuities to current members and certain loans from members which are not repayable within twelve months of the balance sheet date.

Treen Farm Campsite LLP

Notes to the Financial Statements for the Year Ended 31 March 2025

Pensions and other post retirement obligations

The partnership operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

Current versus non-current classification

Investments in non-convertible preference shares and non-puttable ordinary or preference shares (where shares are publicly traded or their fair value is reliably measurable) are measured at fair value through profit or loss. Where fair value cannot be measured reliably, investments are measured at cost less impairment.
In the limited liability partnership balance sheet, investments in subsidiaries and associates are measured at cost less impairment.

Fair value measurement

The best evidence of fair value is a quoted price for an identical asset in an active market. When quoted prices are unavailable, the price of a recent transaction for an identical asset provides evidence of fair value as long as there has not been a significant change in economic circumstances or a significant lapse of time since the transaction took place. If the market is not active and recent transactions of an identical asset on their own are not a good estimate of fair value, the fair value is estimated by using a valuation technique.

2 | Particulars of employees

The average number of persons employed by the limited liability partnership during the year was 7 (2024 - 7).

Treen Farm Campsite LLP

Notes to the Financial Statements for the Year Ended 31 March 2025

3 | Tangible fixed assets

| Land and buildings £ | Plant and machinery £ | Fixtures and fittings £ | Total £
Cost |  |  |  |
At 1 April 2024 | 49,622 | 16,054 | 50,053 | 115,729
Additions | 13,667 | 995 | - | 14,662
Disposals | - | (433) | - | (433)
At 31 March 2025 | 63,289 | 16,616 | 50,053 | 129,958
Depreciation |  |  |  |
At 1 April 2024 | - | 6,249 | - | 6,249
Charge for the year | 2,437 | 3,037 | - | 5,474
Eliminated on disposals | - | (148) | - | (148)
At 31 March 2025 | 2,437 | 9,138 | - | 11,575
Net book value |  |  |  |
At 31 March 2025 | 60,852 | 7,478 | 50,053 | 118,383
At 31 March 2024 | 49,622 | 9,805 | 50,053 | 109,480

4 | Debtors

| 2025 £ | 2024 £
Trade debtors | - | 2,481
Other debtors | 6,843 | 6,928
Total current trade and other debtors | 6,843 | 9,409

5 | Creditors: Amounts falling due within one year

| 2025 £ | 2024 £
Other creditors | 932 | 2
Accruals and deferred income | 2,100 | 2,000
Taxation and social security | 1,961 | 1,774
| 4,993 | 3,776

6 | Control

The members are the controlling party by virtue of their controlling interest in the limited liability partnership. The ultimate controlling party is the same as the controlling party.