Parish Farming Llp - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: OC327060 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 June 2017

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

3

124,456

126,450

CURRENT ASSETS

Stocks

197,699

186,283

Debtors

4

27,509

44,451

Cash at bank and in hand

189

7,378

225,397

238,112

CREDITORS

Amounts falling due within one year

5

76,075

41,996

NET CURRENT ASSETS

149,322

196,116

TOTAL ASSETS LESS CURRENT LIABILITIES

273,778

322,566

CREDITORS

Amounts falling due after more than one year

6

-

7,238

NET ASSETS ATTRIBUTABLE TO MEMBERS

273,778

315,328

LOANS AND OTHER DEBTS DUE TO MEMBERS

273,778

315,328

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

273,778

315,328

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 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 8 February 2018 and were signed by:

Mr & Mrs Astley-Arlington T/as MFP - 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 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.

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.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 July 2016

232,385

Additions

9,313

At 30 June 2017

241,698

DEPRECIATION

At 1 July 2016

105,935

Charge for year

11,307

At 30 June 2017

117,242

NET BOOK VALUE

At 30 June 2017

124,456

At 30 June 2016

126,450

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.17

30.6.16

£

£

Trade debtors

16,088

36,758

Other debtors

11,421

7,693

27,509

44,451

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.17

30.6.16

£

£

Bank loans and overdrafts

33,654

-

Hire purchase contracts

32,142

24,904

Trade creditors

5,460

15,009

Other creditors

4,819

2,083

76,075

41,996

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.6.17

30.6.16

£

£

Hire purchase contracts

-

7,238