Sweetwoods Park LLP - Accounts to registrar (filleted) - small 18.2
Sweetwoods Park LLP - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Financial Statements for the Year Ended 31 March 2022 |
| for |
| Sweetwoods Park LLP |
| Sweetwoods Park LLP (Registered number: OC334819) |
| Contents of the Financial Statements |
| for the Year Ended 31 March 2022 |
| Page |
| General Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Sweetwoods Park LLP |
| General Information |
| for the Year Ended 31 March 2022 |
| DESIGNATED MEMBERS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| AUDITORS: |
| Suite 6, 141/143 South Road |
| Haywards Heath |
| West Sussex |
| RH16 4LY |
| Sweetwoods Park LLP (Registered number: OC334819) |
| Balance Sheet |
| 31 March 2022 |
| 31.3.22 | 31.3.21 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 4 |
| Tangible assets | 5 |
| CURRENT ASSETS |
| Stocks | 6 |
| Debtors | 7 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 8 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
9 |
| NET ASSETS ATTRIBUTABLE TO MEMBERS |
5,172,430 |
5,125,103 |
| LOANS AND OTHER DEBTS DUE TO MEMBERS |
10 |
1,322,430 |
1,275,103 |
| MEMBERS' OTHER INTERESTS |
| Capital accounts | 3,850,000 | 3,850,000 |
| 5,172,430 | 5,125,103 |
| TOTAL MEMBERS' INTERESTS |
| Loans and other debts due to members | 10 | 1,322,430 | 1,275,103 |
| Members' other interests | 3,850,000 | 3,850,000 |
| 5,172,430 | 5,125,103 |
| Sweetwoods Park LLP (Registered number: OC334819) |
| Balance Sheet - continued |
| 31 March 2022 |
| 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 |
| Sweetwoods Park LLP (Registered number: OC334819) |
| Notes to the Financial Statements |
| for the Year Ended 31 March 2022 |
| 1. | STATUTORY INFORMATION |
| Sweetwoods Park 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 |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| Goodwill |
| Goodwill has been held at cost and not depreciated due to value of payment made being just £2. |
| 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. |
| Tangible fixed assets |
| No depreciation has been applied to Freehold building and improvements to Freehold buildings totalling £5,195,530 due to the nature of the asset as Agricultural Land and commercial buildings used within the trade of the business. This value is deemed to be Fair value of the asset held in the partnership. |
| The other Tangible Fixed Assets are depreciated as follows, |
| Plant & Machinery 20% reducing balance |
| Fixtures & Fittings 15% Straight Line |
| Computer Equipment 33% Straight Line |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
| Hire purchase and leasing commitments |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
| 3. | EMPLOYEE INFORMATION |
| The average number of employees during the year was |
| 4. | INTANGIBLE FIXED ASSETS |
| Goodwill |
| £ |
| COST |
| At 1 April 2021 |
| and 31 March 2022 |
| NET BOOK VALUE |
| At 31 March 2022 |
| At 31 March 2021 |
| Sweetwoods Park LLP (Registered number: OC334819) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2022 |
| 5. | TANGIBLE FIXED ASSETS |
| Improvements |
| Freehold | to | Plant and |
| property | property | machinery |
| £ | £ | £ |
| COST |
| At 1 April 2021 |
| Additions |
| Disposals | ( |
) |
| At 31 March 2022 |
| DEPRECIATION |
| At 1 April 2021 |
| Charge for year |
| Eliminated on disposal | ( |
) |
| At 31 March 2022 |
| NET BOOK VALUE |
| At 31 March 2022 |
| At 31 March 2021 |
| Fixtures |
| and | Computer |
| fittings | equipment | Totals |
| £ | £ | £ |
| COST |
| At 1 April 2021 |
| Additions |
| Disposals | ( |
) |
| At 31 March 2022 |
| DEPRECIATION |
| At 1 April 2021 |
| Charge for year |
| Eliminated on disposal | ( |
) |
| At 31 March 2022 |
| NET BOOK VALUE |
| At 31 March 2022 |
| At 31 March 2021 |
| Included within the NBV of Tangible Fixed Assets is £ 121,266 (2021 - £ 20,378) relating to assets held under hire purchase agreements. The depreciation charge to the financial statements in the year in respect of such assets amounts to £ 25,403 (2019 - £ 3,711). |
| 6. | STOCKS |
| 31.3.22 | 31.3.21 |
| £ | £ |
| Stocks |
| Sweetwoods Park LLP (Registered number: OC334819) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2022 |
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.3.22 | 31.3.21 |
| £ | £ |
| Trade debtors |
| Other debtors |
| Prepayments |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.3.22 | 31.3.21 |
| £ | £ |
| Bank loans and overdrafts |
| Hire purchase contracts |
| Trade creditors |
| Social security and other taxes |
| VAT | 6,032 | 12,455 |
| Members and Society Account |
| Accrued expenses |
| Members fee's paid in advance | 23,998 | 34,064 |
| 9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 31.3.22 | 31.3.21 |
| £ | £ |
| Bank loans - 1-2 years |
| Hire purchase contracts |
| 10. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
| Members' other interest rank after unsecured creditors, and loans and other debts due to members rank pari passu with unsecured creditors in the event of winding up. |
| 11. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
| The Report of the Auditors was unqualified. |
| for and on behalf of |