Froyle Mill LLP - Accounts to registrar (filleted) - small 23.2.5
Froyle Mill LLP - Accounts to registrar (filleted) - small 23.2.5
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31ST MARCH 2023 |
| FOR |
| FROYLE MILL LLP |
| FROYLE MILL LLP (REGISTERED NUMBER: OC395667) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31ST MARCH 2023 |
| Page |
| General Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| FROYLE MILL LLP |
| GENERAL INFORMATION |
| FOR THE YEAR ENDED 31ST MARCH 2023 |
| DESIGNATED MEMBERS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 25 St Thomas Street |
| Winchester |
| Hampshire |
| SO23 9HJ |
| FROYLE MILL LLP (REGISTERED NUMBER: OC395667) |
| BALANCE SHEET |
| 31ST MARCH 2023 |
| 2023 | 2022 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investments | 5 |
| Herd basis | 6 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 7 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 8 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| and |
| NET ASSETS ATTRIBUTABLE TO MEMBERS |
10,273,683 |
9,980,339 |
| FROYLE MILL LLP (REGISTERED NUMBER: OC395667) |
| BALANCE SHEET - continued |
| 31ST MARCH 2023 |
| 2023 | 2022 |
| Notes | £ | £ | £ | £ |
| LOANS AND OTHER DEBTS DUE TO MEMBERS |
9 |
388,044 |
94,700 |
| MEMBERS' OTHER INTERESTS |
| Capital accounts | 9,885,639 | 9,885,639 |
| 10,273,683 | 9,980,339 |
| TOTAL MEMBERS' INTERESTS |
| Loans and other debts due to members | 9 | 388,044 | 94,700 |
| Members' other interests | 9,885,639 | 9,885,639 |
| 10,273,683 | 9,980,339 |
| 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. |
| 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 |
| FROYLE MILL LLP (REGISTERED NUMBER: OC395667) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31ST MARCH 2023 |
| 1. | STATUTORY INFORMATION |
| Froyle Mill 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. |
| Tangible fixed assets |
| Freehold property | - |
| Plant and machinery | - |
| Tractors and combines | - |
| Motor vehicles | - |
| Fixtures & fittings | - |
| No depreciation is charged on either freehold land or freehold property as in the opinion of the members any depreciation charge would be immaterial. The members undertake an annual review of the freehold properties and any permanent impairment is recognised. |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
| Unlisted investments are measured at fair value where the fair value can be measured reliably. |
| 3. | EMPLOYEE INFORMATION |
| The average number of employees during the year was |
| FROYLE MILL LLP (REGISTERED NUMBER: OC395667) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31ST MARCH 2023 |
| 4. | TANGIBLE FIXED ASSETS |
| Tractors |
| Freehold | Plant and | and |
| property | machinery | combines |
| £ | £ | £ |
| COST |
| At 1st April 2022 |
| Additions |
| Disposals | ( |
) |
| At 31st March 2023 |
| DEPRECIATION |
| At 1st April 2022 |
| Charge for year |
| Eliminated on disposal | ( |
) |
| At 31st March 2023 |
| NET BOOK VALUE |
| At 31st March 2023 |
| At 31st March 2022 |
| Motor | Fixtures |
| vehicles | & fittings | Totals |
| £ | £ | £ |
| COST |
| At 1st April 2022 |
| Additions |
| Disposals | ( |
) | ( |
) | ( |
) |
| At 31st March 2023 |
| DEPRECIATION |
| At 1st April 2022 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) | ( |
) |
| At 31st March 2023 |
| NET BOOK VALUE |
| At 31st March 2023 |
| At 31st March 2022 |
| FROYLE MILL LLP (REGISTERED NUMBER: OC395667) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31ST MARCH 2023 |
| 5. | FIXED ASSET INVESTMENTS |
| Other |
| investments |
| £ |
| COST |
| At 1st April 2022 |
| and 31st March 2023 |
| NET BOOK VALUE |
| At 31st March 2023 |
| At 31st March 2022 |
| 6. | HERD BASIS |
| Herd |
| basis |
| £ |
| COST |
| At 1st April 2022 | 171,030 |
| Additions | 28,810 |
| Disposals | (5,720 | ) |
| At 31st March 2023 | 194,120 |
| NET BOOK VALUE |
| At 31st March 2023 | 194,120 |
| At 31st March 2022 | 171,030 |
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2023 | 2022 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2023 | 2022 |
| £ | £ |
| Hire purchase contracts |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| FROYLE MILL LLP (REGISTERED NUMBER: OC395667) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31ST MARCH 2023 |
| 9. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
| Loans and other debts due to members rank equally with debts due to unsecured creditors in the event of a winding up. |