REGISTERED NUMBER: OC413616 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Raveley Fen Farms LLP

Page

General Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

Mr Luke Phipps

Mrs Joanna Elizabeth Phipps

REGISTERED OFFICE:

Lake House

Market Hill

Royston

Hertfordshire

SG8 9JN

REGISTERED NUMBER:

OC413616 (England and Wales)

ACCOUNTANTS:

Hardcastle Burton LLP

Lake House

Market Hill

Royston

Hertfordshire

SG8 9JN

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

1,421,939

1,355,833

1,421,939

1,355,833

CURRENT ASSETS

Stocks

29,940

22,056

Debtors: amounts falling due within one year

6,606

9,006

Cash at bank

29,113

13,710

65,659

44,772

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

55,260

22,647

NET CURRENT ASSETS

10,399

22,125

TOTAL ASSETS LESS CURRENT LIABILITIES

1,432,338

1,377,958

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

343,939

318,026

NET ASSETS ATTRIBUTABLE TO MEMBERS

1,088,399

1,059,932

MEMBERS' LOANS AND EQUITY

6

101,019

85,742

MEMBERS' OTHER INTERESTS

Capital accounts

987,380

974,190

1,088,399

1,059,932

TOTAL MEMBERS' INTERESTS

Members' loans and equity

6

101,019

85,742

Members' other interests

987,380

974,190

1,088,399

1,059,932

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 26 September 2025 and were signed by:

Mr Luke Phipps - Designated member

Mrs Joanna Elizabeth Phipps - Designated member

1.	STATUTORY INFORMATION

Raveley Fen Farms 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Entitlements are being amortised evenly over their estimated useful life of three years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

not provided

Improvements to property

-

4% on cost

Plant and machinery

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Tractors and combines

-

15% on reducing balance

Stocks

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

3.	EMPLOYEE INFORMATION

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

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2024

6,152

Disposals

(6,152

)

At 31 March 2025

-

AMORTISATION

At 1 April 2024

6,152

Eliminated on disposal

(6,152

)

At 31 March 2025

-

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2024

1,423,259

Additions

75,750

At 31 March 2025

1,499,009

DEPRECIATION

At 1 April 2024

67,426

Charge for year

9,644

At 31 March 2025

77,070

NET BOOK VALUE

At 31 March 2025

1,421,939

At 31 March 2024

1,355,833

6.	MEMBERS' LOANS AND EQUITY

31.3.25

31.3.24

£

£

Amounts owed to members in respect of profits

101,019

85,742

Falling due within one year

101,019

85,742

If present, repayment of Members debt will take preference over equity due to Members but not before all other creditors have been settled.