Parish Farming Llp - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: OC327060 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 June 2021

for

Parish Farming Llp

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

R B Batty (Blackhorse Farm) Ltd

Mr & Mrs Astley-Arlington T/as MFP

Mr R.B.& Mrs A.Shaw T/as RB Shaw

Staniforth Farms

J M Batty Partnership

REGISTERED OFFICE:

Debdale Hill Farm

Caunton

Newark

Nottinghamshire

NG23 6BQ

REGISTERED NUMBER:

OC327060 (England and Wales)

ACCOUNTANTS:

Staniforth & Co

Foxhall Lodge

Foxhall Road

Nottingham

Nottinghamshire

NG7 6LH

FIXED ASSETS

Tangible assets

4

176,004

142,448

CURRENT ASSETS

Stocks

148,205

140,614

Debtors

5

90,600

72,276

Cash at bank and in hand

18

10,636

238,823

223,526

CREDITORS

Amounts falling due within one year

6

53,447

29,598

NET CURRENT ASSETS

185,376

193,928

TOTAL ASSETS LESS CURRENT LIABILITIES

361,380

336,376

CREDITORS

Amounts falling due after more than one year

7

33,240

-

NET ASSETS ATTRIBUTABLE TO MEMBERS

328,140

336,376

LOANS AND OTHER DEBTS DUE TO MEMBERS

8

328,140

336,376

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

8

328,140

336,376

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 30 June 2021.

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 28 April 2022 and were signed by:

R B Batty (Blackhorse Farm) Ltd - Designated member

Mr R.B.& Mrs A.Shaw T/as RB Shaw - Designated member

1.	STATUTORY INFORMATION

Parish Farming 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

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

-

25% on reducing balance

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 NIL (2020 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 July 2020

291,828

Additions

68,004

Disposals

(60,000

)

At 30 June 2021

299,832

DEPRECIATION

At 1 July 2020

149,380

Charge for year

25,388

Eliminated on disposal

(50,940

)

At 30 June 2021

123,828

NET BOOK VALUE

At 30 June 2021

176,004

At 30 June 2020

142,448

5.

DEBTORS

30.6.21

30.6.20

£

£

Amounts falling due within one year:

Trade debtors

36,631

33,096

Other debtors

53,969

25,339

90,600

58,435

Amounts falling due after more than one year:

Other debtors

-

13,841

Aggregate amounts

90,600

72,276

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.21

30.6.20

£

£

Bank loans and overdrafts

17,774

-

Trade creditors

30,323

26,048

Other creditors

5,350

3,550

53,447

29,598

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.6.21

30.6.20

£

£

Hire purchase contracts

33,240

-

8.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members are unsecured and would rank pari passu with other unsecured creditors in the event of winding up.