Riverside Farming LLP Filleted accounts for Companies House (small and micro)
Riverside Farming LLP Filleted accounts for Companies House (small and micro)
REGISTERED NUMBER:
OC435937
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For the period ended |
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Financial Statements |
Year ended 31 March 2023
Contents |
Page |
Statement of financial position |
1 |
Notes to the financial statements |
3 |
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Statement of Financial Position |
2023 |
2022 |
|||
Note |
£ |
£ |
£ |
£ |
Fixed assets
Tangible assets |
5 |
|
– |
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Current assets
Debtors |
6 |
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– |
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Cash at bank and in hand |
|
– |
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-------- |
---- |
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– |
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Creditors: amounts falling due within one year |
7 |
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– |
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-------- |
---- |
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Net current assets |
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– |
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------------- |
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Total assets less current liabilities |
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– |
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Represented by:
Loans and other debts due to members
Other amounts |
1,029,000 |
– |
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Members' other interests
Other reserves |
55,592 |
– |
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---- |
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1,084,592 |
– |
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Total members' interests
Loans and other debts due to members |
1,029,000 |
– |
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Members' other interests |
55,592 |
– |
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------------- |
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1,084,592 |
– |
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Statement of Financial Position (continued) |
These financial statements were approved by the
members
and authorised for issue on
11 January 2024
, and are signed on their behalf by:
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Designated Member |
Registered number:
OC435937
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Notes to the Financial Statements |
Year ended 31 March 2023
1. |
General information |
The LLP is registered in England and Wales. The address of the registered office is Bradavon, 45 The Dales, Cottingham, East Yorkshire, HU16 5JS.
2. |
Statement of compliance |
3. |
Accounting policies |
(a)
Basis of preparation
(b)
Going concern
(c)
Taxation
(d)
Revenue recognition
(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
(g)
Impairment of fixed assets
(h)
Financial instruments
4. |
Employee numbers |
The average number of persons employed by the LLP during the year, including the members, amounted to
3
.
5. |
Tangible assets |
Freehold property |
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£ |
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Cost |
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At 1 April 2022 |
– |
Additions |
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------------- |
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At 31 March 2023 |
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Depreciation |
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At 1 April 2022 and 31 March 2023 |
– |
------------- |
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Carrying amount |
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At 31 March 2023 |
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------------- |
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At 31 March 2022 |
– |
------------- |
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6. |
Debtors |
2023 |
2022 |
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£ |
£ |
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Trade debtors |
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– |
Other debtors |
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– |
------- |
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– |
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------- |
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7.
Creditors:
amounts falling due within one year
2023 |
2022 |
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£ |
£ |
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Trade creditors |
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– |
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8. |
Related party transactions |