| The Old School Farm LLP |
|
| Report to the members on the preparation of the unaudited statutory accounts of The Old School Farm LLP for the year ended 5 April 2025 |
| In order to assist you to fulfil your duties under the Companies Act 2006 (as applied by the LLP regulations), we have prepared for your approval the accounts of The Old School Farm LLP for the year ended 5 April 2025 which comprise the Profit and Loss Account, the Balance Sheet, the Reconciliation of Members' Interests and the related notes from the LLP’s accounting records and from information and explanations you have given us. |
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/ |
| Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. |
| MAT & CO |
| ACCOUNTANCY SERVICES LTD |
| Chartered Certified Accountants |
| Registered Auditors |
|
| 264 High Street |
| Beckenham |
| Kent |
| BR3 1DZ |
|
| 19 December 2025 |
|
| The Old School Farm LLP |
| Registered number: |
|
OC447089 |
| Balance Sheet |
| as at 5 April 2025 |
| Notes |
|
2025 |
|
2024 |
| £ |
£ |
|
|
| Net current liabilities |
|
|
(849) |
|
(419) |
|
|
|
|
|
|
| Total assets less current liabilities |
|
|
(849) |
|
(419) |
|
| Creditors: amounts falling due after more than one year |
3 |
|
- |
|
- |
|
|
| Net liabilities attributable to members |
(849) |
|
(419) |
|
|
|
|
|
|
| Represented by: |
| Loans and other debts due to members |
4 |
|
2,758 |
|
2,758 |
|
|
|
|
|
|
| Members' other interests |
| Other reserves |
|
|
(3,607) |
|
(3,177) |
|
|
|
|
|
|
|
|
|
(849) |
|
(419) |
|
|
|
|
|
|
| Total members' interests |
| Loans and other debts due to members |
4 |
|
2,758 |
|
2,758 |
| Members' other interests |
|
|
(3,607) |
|
(3,177) |
|
|
|
|
(849) |
|
(419) |
|
|
|
|
|
|
| For the year ended 5 April 2025 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied to LLPs). |
| The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
| These accounts were approved by the members on 19 December 2025 and signed on their behalf by: |
|
| _________________________________________ |
| Miss Ellie Tillett |
| Designated member |
|
| The Old School Farm LLP |
| Notes to the Accounts |
| for the year ended 5 April 2025 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships. |
|
|
Division of profits |
|
Profits are treated as being available for discretionary division only if the LLP has an unconditional right to refuse payment of the profits of a particular year unless and until the members agree to divide them. Profits are otherwise automatically divided and included under Members’ remuneration charged as an expense in the profit and loss account. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Provisions |
|
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
|
|
Members' capital |
|
Members' capital is classified as debt and not equity if there is a contractual obligation for the LLP to repay the capital to members, even if that obligation is conditional. |
|
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the LLP |
- |
|
- |
|
|
|
|
|
|
|
|
|
|
| 3 |
Creditors: amounts falling due after one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Other creditors |
- |
|
- |
|
|
|
|
|
|
|
|
|
|
| 4 |
Loans and other debts due to members |
2025 |
|
2024 |
| £ |
£ |
|
|
Loans from members |
- |
|
- |
|
|
|
|
|
|
|
|
|
|
Amounts falling due within one year |
2,758 |
|
2,758 |
|
|
|
|
|
|
|
|
|
|
Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up. |
|
|
| 5 |
Other information |
|
|
The Old School Farm LLP is a limited liability partnership incorporated in England. Its registered office is: |
|
264 High Street |
|
Beckenham |
|
Kent |
|
BR3 1DZ |
|