Honingham Thorpe Farms LLP - Accounts to registrar (filleted) - small 17.3

Honingham Thorpe Farms LLP - Accounts to registrar (filleted) - small 17.3

HONINGHAM THORPE FARMS LLP - Company Information

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REGISTERED NUMBER: OC306475 (England and Wales)













Honingham Thorpe Farms LLP

Financial Statements

for the Year Ended 31 March 2017






Honingham Thorpe Farms LLP (Registered number: OC306475)

Contents of the Financial Statements
for the year ended 31 March 2017










Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Honingham Thorpe Farms LLP

General Information
for the year ended 31 March 2017







DESIGNATED MEMBERS: I J Alston
William Young (Dereham) Limited
CA Alston 1984 Settlement
Honingham Farms Limited



REGISTERED OFFICE: Honingham Thorpe Farm
Honingham
Norwich
Norfolk
NR9 5BZ



REGISTERED NUMBER: OC306475 (England and Wales)



ACCOUNTANTS: David Turner & Co Limited
Regents Court
Princess Street
Hull
East Yorkshire
HU2 8BA



SOLICITORS: Birketts LLP
Kingfisher House
1 Gilders Way
Norwich
Norfolk
NR3 1UB
1
Honingham Thorpe Farms LLP (Registered number: OC306475)

Balance Sheet
31 March 2017

2017 2016
Notes £    £   
ASSETS

FIXED ASSETS
Tangible assets 3 385,240 385,240
385,240 385,240

CAPITAL, RESERVES AND LIABILITIES

LOANS AND OTHER DEBTS DUE TO
MEMBERS
-
-

MEMBERS' OTHER INTERESTS
Capital accounts 385,240 385,240
385,240 385,240

TOTAL MEMBERS' INTERESTS
Members' other interests 385,240 385,240

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 31 March 2017.

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 notes form part of these financial statements

2
Honingham Thorpe Farms LLP (Registered number: OC306475)

Balance Sheet - continued
31 March 2017


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 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 small LLPs.

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 on 27 December 2017 and were signed
by:





I J Alston - Designated member

The notes form part of these financial statements

3
Honingham Thorpe Farms LLP (Registered number: OC306475)

Notes to the Financial Statements
for the year ended 31 March 2017


1. STATUTORY INFORMATION

Honingham Thorpe Farms 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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 as modified by the revaluation of certain assets.

Tangible fixed assets
Fixed assets are stated at cost or revaluation, less amounts written off over their expected useful
lives.

Depreciation is provided at the following annual rates in order to write-off each asset over its
estimated useful economic life or, if held under a finance lease, over the life of the lease term,
whichever is shorter.

Property improvements - between 2% and 5% on cost
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Freehold land has been revalued. Freehold land is not depreciated

Debtors
Trade debtors and other receivables are recognised at fair value on inception and are subsequently
carried at amortised cost. They are subject to impairment tests whenever events or changes in
circumstances indicate that their carrying value may not be recoverable. Impairment losses are taken
to the profit and loss account as incurred.

Creditors
Trade creditors and other payables are recognised at fair value on inception and are subsequently
carried at amortised cost.

3. TANGIBLE FIXED ASSETS
Land &
property
improvements
£   
COST OR VALUATION
At 1 April 2016
and 31 March 2017 385,240
NET BOOK VALUE
At 31 March 2017 385,240
At 31 March 2016 385,240

Included in cost or valuation of land and buildings is freehold land of £ 385,240 (2016 - £ 385,240 )
which is not depreciated.

4
Honingham Thorpe Farms LLP (Registered number: OC306475)

Notes to the Financial Statements - continued
for the year ended 31 March 2017


3. TANGIBLE FIXED ASSETS - continued

The LLP's freehold land was valued by Brown & Co in March 2016 and it is included in the balance
sheet at the value then provided.

5