Millgarden Botanics LLP - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: OC401625 (England and Wales)

Unaudited Financial Statements for the Year Ended 5 April 2022

for

Millgarden Botanics LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

D P Bridger

Mrs J C Bridger

REGISTERED OFFICE:

Keyneston Mill

Tarrant Keyneston

Blandford Forum

Dorset

DT11 9HZ

REGISTERED NUMBER:

OC401625 (England and Wales)

ACCOUNTANTS:

Hughes Waddell

The White House

2 Meadrow

Godalming

Surrey

GU7 3HN

FIXED ASSETS

Tangible assets

4

1,308,327

1,327,487

CURRENT ASSETS

Stocks

3,360

35,427

Debtors

5

5,646

9,461

Cash at bank

1,234

6,587

10,240

51,475

CREDITORS

Amounts falling due within one year

6

380,973

240,962

NET CURRENT LIABILITIES

(370,733

)

(189,487

)

TOTAL ASSETS LESS CURRENT LIABILITIES

937,594

1,138,000

CREDITORS

Amounts falling due after more than one year

7

37,500

47,500

NET ASSETS ATTRIBUTABLE TO MEMBERS

900,094

1,090,500

LOANS AND OTHER DEBTS DUE TO MEMBERS

9

900,094

1,090,500

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

9

900,094

1,090,500

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 5 April 2022.

The members acknowledge their responsibilities for:

(a)	ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the LLP as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

The financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

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 7 November 2022 and were signed by:

D P Bridger - Designated member

Mrs J C Bridger - Designated member

1.	STATUTORY INFORMATION

Millgarden Botanics LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost, 25% on reducing balance and not provided

Stocks

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

Pension costs and other post-retirement benefits

The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 24 (2021 - 24 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 6 April 2021

1,523,646

Additions

4,161

Disposals

(1,402

)

At 5 April 2022

1,526,405

DEPRECIATION

At 6 April 2021

196,159

Charge for year

23,321

Eliminated on disposal

(1,402

)

At 5 April 2022

218,078

NET BOOK VALUE

At 5 April 2022

1,308,327

At 5 April 2021

1,327,487

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

5.4.22

5.4.21

£

£

Trade debtors

5,646

9,461

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

5.4.22

5.4.21

£

£

Bank loans and overdrafts

10,117

2,500

Trade creditors

67,647

73,379

Taxation and social security

172,164

59,793

Other creditors

131,045

105,290

380,973

240,962

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

5.4.22

5.4.21

£

£

Bank loans

37,500

47,500

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

5.4.22

5.4.21

£

£

Within one year

2,519

-

Between one and five years

4,408

-

6,927

-

9.

LOANS AND OTHER DEBTS DUE TO MEMBERS

It is considered that loans due to members would rank lowest when consideration is taken of all the partnerships debts.