Riverside Farming LLP Filleted accounts for Companies House (small and micro)

REGISTERED NUMBER: OC435937

Riverside Farming LLP

Filleted Unaudited Financial Statements

For the year ended

31 March 2026

Riverside Farming LLP

Financial Statements

Year ended 31 March 2026

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

Riverside Farming LLP

Statement of Financial Position

31 March 2026

	2026		2025
Note	£	£	£	£

Fixed assets

Tangible assets	4		1,336,500		1,336,500

Current assets

Debtors	5	1,402	1,067
Cash at bank and in hand		75,620	68,670
		--------	--------
		77,022	69,737

Creditors: amounts falling due within one year	6	1,609		2,055
		--------		--------
Net current assets			75,413		67,682
			-------------		-------------
Total assets less current liabilities			1,411,913		1,404,182
			-------------		-------------

Represented by:

Loans and other debts due to members

Other amounts		–		–

Members' other interests

Members' capital classified as equity	1,336,500	1,336,500
Other reserves	75,413	67,682
	-------------	-------------
	1,411,913	1,404,182
	-------------	-------------

Total members' interests

Loans and other debts due to members	–	–
Members' other interests	1,411,913	1,404,182
	-------------	-------------
	1,411,913	1,404,182
	-------------	-------------

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 2026 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 2026

These financial statements were approved by the members and authorised for issue on 23 October 2026 , 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 2026

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 May 2024 (SORP 2024).

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. 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 from rents receivable is recognised in accordance with the agreed terms of the relevant farm business tenancy agreement. 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 land
	£
Cost
At 1 April 2025 and 31 March 2026	1,336,500
	-------------
Depreciation
At 1 April 2025 and 31 March 2026	–
	-------------
Carrying amount
At 31 March 2026	1,336,500
	-------------
At 31 March 2025	1,336,500
	-------------

Land is not depreciated.

5.	Debtors

	2026	2025
	£	£
Trade debtors	1,402	743
Other debtors	–	324
	-------	-------
	1,402	1,067
	-------	-------

6. Creditors: amounts falling due within one year

	2026	2025
	£	£
Trade creditors	1,609	2,055
	-------	-------

7.	Related party transactions

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