0 false false false false false false false false false false false false false false false false false No description of principal activity 2024-04-01 Sage Accounts Production Advanced 2024 - FRS102_2024 1,029,000 307,500 1,336,500 1,336,500 1,029,000 xbrli:pure xbrli:shares iso4217:GBP OC435937 2024-04-01 2025-03-31 OC435937 2025-03-31 OC435937 2024-03-31 OC435937 2023-04-01 2024-03-31 OC435937 2024-03-31 OC435937 2023-03-31 OC435937 bus:Director1 2024-04-01 2025-03-31 OC435937 core:LandBuildings core:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 OC435937 core:WithinOneYear 2025-03-31 OC435937 core:WithinOneYear 2024-03-31 OC435937 core:LandBuildings core:OwnedOrFreeholdAssets 2025-03-31 OC435937 core:LandBuildings core:OwnedOrFreeholdAssets 2024-03-31 OC435937 core:LandBuildings core:OwnedOrFreeholdAssets 2024-03-31 OC435937 bus:SmallEntities 2024-04-01 2025-03-31 OC435937 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 OC435937 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 OC435937 bus:LimitedLiabilityPartnershipLLP 2024-04-01 2025-03-31 OC435937 bus:FullAccounts 2024-04-01 2025-03-31
REGISTERED NUMBER: OC435937

Riverside Farming LLP

Filleted Unaudited Financial Statements

For the period ended

31 March 2025

Riverside Farming LLP

Financial Statements

Year ended 31 March 2025

Contents | Page

Statement of financial position | 1

Notes to the financial statements | 3

Riverside Farming LLP

Statement of Financial Position

31 March 2025

| 2025 | 2024
Note | £ | £ | £ | £

Fixed assets

Tangible assets | 4 |  | 1,336,500 |  | 1,029,000

Current assets

Debtors | 5 | 1,067 |  | 2,566 |
Cash at bank and in hand | 68,670 |  | 61,312 |
| -------- |  | -------- |
| 69,737 |  | 63,878 |

Creditors: amounts falling due within one year | 6 | 2,055 |  | 3,720 |
| -------- |  | -------- |
Net current assets |  | 67,682 |  | 60,158
|  | ------------- |  | -------------
Total assets less current liabilities |  | 1,404,182 |  | 1,089,158
|  | ------------- |  | -------------

Represented by:
Loans and other debts due to members

Other amounts |  | – |  | –

Members' other interests

Members' capital classified as equity |  | 1,336,500 |  | 1,029,000
Other reserves |  | 67,682 |  | 60,158
|  | ------------- |  | -------------
|  | 1,404,182 |  | 1,089,158
|  | ------------- |  | -------------

Total members' interests

Loans and other debts due to members |  | – |  | –
Members' other interests |  | 1,404,182 |  | 1,089,158
|  | ------------- |  | -------------
|  | 1,404,182 |  | 1,089,158
|  | ------------- |  | -------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006 (as applied to LLPs), the income statement has not been delivered.
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) relating to small LLPs.
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 financial statements .

Riverside Farming LLP

Statement of Financial Position (continued)

31 March 2025
These financial statements were approved by the members and authorised for issue on 19 September 2025 , and are signed on their behalf by:

Mrs J B Allan
Designated Member

Registered number: OC435937

Riverside Farming LLP

Notes to the Financial Statements

Year ended 31 March 2025

1. | General information

The LLP is registered in England and Wales. The address of the registered office is Townends Accountants LLP, Carlisle Street, Goole, East Riding of Yorkshire, DN14 5DX.

2. | Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP 2021).

3. | Accounting policies

(a) Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
(b) Going concern
The UK economy has recently been impacted by rising inflation, interest rates and energy costs, exacerbated by the war in Ukraine. All these matters have impacted the LLP's trading results to a greater or lesser extent. At the date of signing these financial statements, the members have considered the effect of these matters on the LLP with the information available to it and do not believe that it will affect the ability of the LLP to continue to trade for the foreseeable future. On this basis, the members have prepared these financial statements on a going concern basis.
(c) Taxation
The taxation of the LLP's profits is the personal liability of the members during the year and consequently neither taxation nor related deferred taxation are accounted for in the financial statements.
(d) Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
(e) Members' participation rights
Members' participation rights are the rights of a member against the LLP that arise under the members' agreement (for example, in respect of amounts subscribed or otherwise contributed, remuneration and profits).
Members' participation rights in the earnings or assets of the LLP are analysed between those that are, from the LLP's perspective, either a financial liability or equity, in accordance with Section 22 of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liability Partnerships'. A member's participation right results in a liability unless the right to any payment is is discretionary on the part of the LLP.
Amounts subscribed or otherwise contributed by members, for example members' capital, are classed as loans and other debts due to members and shown as liabilities.
Profits are divided only after a decision by the LLP or its representative, so that the LLP has an unconditional right to refuse payment, and such profits are classed as an appropriation of equity rather than as an expense. They are therefore shown as a residual amount available for discretionary division among members in the income statement and are equity appropriations in the Statement of financial position.
Other amounts applied to members, for example interest on capital balances, are treated in the same way as all other divisions of profits, as described above.
All amounts due to members that are classified as liabilities are presented in the statement of financial position within 'Loans and other debts due to members'. Amounts due to members that are classified as equity are shown in the statement of financial position within 'Members' other interests'.
(f) Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
(g) Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
(h) Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either finacial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the LLP after deducting all of its liabilities.

4. | Tangible assets

| Freehold property
| £
Cost |
At 1 April 2024 | 1,029,000
Additions | 307,500
| -------------
At 31 March 2025 | 1,336,500
| -------------
Depreciation |
At 1 April 2024 and 31 March 2025 | –
| -------------
Carrying amount |
At 31 March 2025 | 1,336,500
| -------------
At 31 March 2024 | 1,029,000
| -------------

5. | Debtors

| 2025 | 2024
| £ | £
Trade debtors | 743 | 288
Other debtors | 324 | 2,278
| ------- | -------
| 1,067 | 2,566
| ------- | -------

6. Creditors: amounts falling due within one year

| 2025 | 2024
| £ | £
Trade creditors | 2,055 | 3,720
| ------- | -------

7. | Related party transactions

In the opinion of the members there is no controlling party.