Little Bassetts Pig Farm LLP - Accounts to registrar - small 16.3d

REGISTERED NUMBER: OC383962 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2017

for

Little Bassetts Pig Farm LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DESIGNATED MEMBERS:

EK Coventry

Mrs J Stavrou

Mrs S Williams

REGISTERED OFFICE:

4th Floor

36 Spital Square

London

E1 6DY

REGISTERED NUMBER:

OC383962 (England and Wales)

ACCOUNTANTS:

Stavrou & Company Ltd

35 Uplands Way

London

N21 1DH

CURRENT ASSETS

Debtors

-

418,263

CREDITORS

Amounts falling due within one year

3

(1

)

(1

)

NET CURRENT ASSETS

1

418,264

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

1

418,264

LOANS AND OTHER DEBTS DUE TO MEMBERS

1

418,264

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

1

418,264

Amounts due from members

-

(418,263

)

1

1

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 April 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 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 4 January 2018 and were signed by:

Mrs J Stavrou - Designated member

1.	STATUTORY INFORMATION

Little Bassetts Pig Farm 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.

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.

Tangible fixed assets include investment properties which are held at cost and not depreciated.

No depreciation is provided on investment properties which is a departure from the requirements of the

Companies Act 2006. In the opinion of the members these properties are held primarily for their investment

potential and so their current value is of more significance than any measure of consumption and to depreciate

them would not give a true and fair view. The provisions of the Financial Reporting Standard for Smaller Entities

(effective April 2008) in respect of investment properties have therefore been adopted in order to give a true and

fair view. If this departure from the Act had not been made, the profit for the year would have been decreased by

depreciation. However, the amount of depreciation cannot be reasonably quantified and the amount which might

otherwise have been shown cannot be separately identified or quantified. Contrary to the requirements of

Financial Reporting Standard for Smaller Entities (effective April 2008) the limited liability partnership has not

revalued its investment properties. In the opinion of the members, the value of the investment properties is in

excess of the cost shown in the financial statements but do not believe that sufficient benefit would arise from the

disclosure of additional revalued amounts to justify the cost of revaluation.

3.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.17

30.4.16

£

£

Trade creditors

(1

)

(1

)