Limited Liability Partnership registration number OC328915 (England and Wales)
MID NORTHUMBERLAND CROP SERVICES LLP
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
PAGES FOR FILING WITH REGISTRAR
MID NORTHUMBERLAND CROP SERVICES LLP
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
MID NORTHUMBERLAND CROP SERVICES LLP
BALANCE SHEET
AS AT 30 JUNE 2025
30 June 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
738,226
857,317
Current assets
Stocks
3,951
1,281
Debtors
5
21,437
46,370
Cash at bank and in hand
96
96
25,484
47,747
Creditors: amounts falling due within one year
6
(243,288)
(260,166)
Net current liabilities
(217,804)
(212,419)
Total assets less current liabilities
520,422
644,898
Creditors: amounts falling due after more than one year
7
(249,290)
(393,051)
Net assets attributable to members
271,132
251,847
Represented by:
Loans and other debts due to members within one year
Amounts due in respect of profits
271,132
251,847

For the financial year ended 30 June 2025 the limited liability partnership 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 limited liability partnerships.

The members acknowledge their responsibilities for complying with the requirements of the Act as applied to limited liability partnerships with respect to accounting records and the preparation of accounts.

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.

T he members of the limited liability partnership have elected not to include a copy of the profit and loss account within the financial statements.

The financial statements were approved by the members and authorised for issue on 17 April 2026 and are signed on their behalf by:
17 April 2026
Mr DW Jordon
Designated member
Limited Liability Partnership registration number OC328915 (England and Wales)
MID NORTHUMBERLAND CROP SERVICES LLP
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
- 2 -
1
Accounting policies
Limited liability partnership information

Mid Northumberland Crop Services LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

1.1
Accounting convention

These financial statements have been prepared in accordance with the Statement of Recommended Practice "Accounting by Limited Liability Partnerships" issued in December 2021, together with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the limited liability partnership. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents the amounts recoverable for the services provided to clients, excluding value added tax, under contractual obligations which are performed gradually over time.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Tractors, Implements and Combines
15% on reducing balance
Computers
33% straight line basis

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the profit and loss account.

1.4
Stocks

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

MID NORTHUMBERLAND CROP SERVICES LLP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
1
Accounting policies
(Continued)
- 3 -
1.5
Financial instruments
Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the limited liability partnership transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Other financial liabilities

Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or finance income as appropriate, unless hedge accounting is applied and the hedge is a cash flow hedge.

Debt instruments that do not meet the conditions in FRS 102 paragraph 11.9 are subsequently measured at fair value through profit or loss. Debt instruments may be designated as fair value through profit or loss to eliminate or reduce an accounting mismatch or if the instruments are measured and their performance evaluated on a fair value basis in accordance with a documented risk management or investment strategy.

Derecognition of financial liabilities

Financial liabilities are derecognised when the limited liability partnership’s obligations expire or are discharged or cancelled.

1.6
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leased asset are consumed.

MID NORTHUMBERLAND CROP SERVICES LLP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 4 -
2
Employees

The average number of persons (excluding members) employed by the partnership during the year was:

2025
2024
Number
Number
Total
2
2
3
Members' remuneration
2025
2024
Number
Number
Average number of members during the year
2
2
2025
2024
Members' remuneration comprises:
£
£
Automatic division of profits
19,285
444
4
Tangible fixed assets
Tractors, Implements and Combines
Computers
Total
£
£
£
Cost
At 1 July 2024
1,843,965
2,528
1,846,493
Additions
11,043
-
11,043
Disposals
(1,400)
-
(1,400)
At 30 June 2025
1,853,608
2,528
1,856,136
Depreciation and impairment
At 1 July 2024
986,648
2,528
989,176
Depreciation charged in the year
129,964
-
129,964
Eliminated in respect of disposals
(1,230)
-
(1,230)
At 30 June 2025
1,115,382
2,528
1,117,910
Carrying amount
At 30 June 2025
738,226
-
738,226
At 30 June 2024
857,317
-
857,317
MID NORTHUMBERLAND CROP SERVICES LLP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 5 -
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
7,117
32,582
Prepayments and accrued income
14,320
13,788
21,437
46,370
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
42,832
42,659
Obligations under finance leases
141,279
150,870
Trade creditors
53,760
60,325
Other taxation and social security
2,435
3,487
Accruals and deferred income
2,982
2,825
243,288
260,166
7
Creditors: amounts falling due after more than one year
2025
2024
Notes
£
£
Obligations under finance leases
249,290
393,051
8
Secured debts

Secured debts of £390,569 (2024: £543,921) are included within creditors for hire purchase contracts.

9
Loans and other debts due to members

In the event of a winding up the amounts included in "Loans and other debts due to members" (other than members' capital classified as debt) would rank after creditors and loans who are unsecured, other debts due to members rank pari-passu with unsecured creditors.

There are no such restrictions or limitations existing on the ability of the members to reduce the amount of 'Members' other interests'.

2025-06-30 2024-07-01 false false 17 April 2026 CCH Software CCH Accounts Production 2026.100 false OC328915 2024-07-01 2025-06-30 OC328915 2025-06-30 OC328915 bus:PartnerLLP1 2024-07-01 2025-06-30 OC328915 2023-07-01 2024-06-30 OC328915 bus:LimitedLiabilityPartnershipLLP 2024-07-01 2025-06-30 OC328915 bus:SmallCompaniesRegimeForAccounts 2024-07-01 2025-06-30 OC328915 bus:FRS102 2024-07-01 2025-06-30 OC328915 bus:AuditExemptWithAccountantsReport 2024-07-01 2025-06-30 OC328915 bus:FullAccounts 2024-07-01 2025-06-30 xbrli:pure xbrli:shares