Glassford Hammond Farming LLP - Accounts to registrar (filleted) - small 18.1
Glassford Hammond Farming LLP - Accounts to registrar (filleted) - small 18.1
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 31 March 2017 |
| for |
| Glassford Hammond Farming LLP |
| Glassford Hammond Farming LLP (Registered number: OC371140) |
| 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 |
| Glassford Hammond Farming LLP |
| General Information |
| for the Year Ended 31 March 2017 |
| DESIGNATED MEMBERS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants & Business Advisers |
| 15 Newland |
| Lincoln |
| Lincolnshire |
| LN1 1XG |
| Glassford Hammond Farming LLP (Registered number: OC371140) |
| Balance Sheet |
| 31 March 2017 |
| 2017 | 2016 |
| as restated |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 3 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 4 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 5 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
6 |
| NET ASSETS ATTRIBUTABLE TO MEMBERS |
2,854,497 |
2,980,124 |
| LOANS AND OTHER DEBTS DUE TO MEMBERS |
332,550 |
458,177 |
| MEMBERS' OTHER INTERESTS |
| Capital accounts | 2,521,947 | 2,521,947 |
| 2,854,497 | 2,980,124 |
| TOTAL MEMBERS' INTERESTS |
| Loans and other debts due to members | 332,550 | 458,177 |
| Members' other interests | 2,521,947 | 2,521,947 |
| 2,854,497 | 2,980,124 |
| 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. |
| Glassford Hammond Farming LLP (Registered number: OC371140) |
| Balance Sheet - continued |
| 31 March 2017 |
| 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 |
| Glassford Hammond Farming LLP (Registered number: OC371140) |
| Notes to the Financial Statements |
| for the Year Ended 31 March 2017 |
| 1. | STATUTORY INFORMATION |
| Glassford Hammond 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 |
| 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 |
| Plant and machinery | - |
| Motor vehicles | - |
| Computer equipment | - |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and |
| slow moving items. |
| Foreign currencies |
| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the |
| balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling |
| at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
| 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 | Motor | Computer |
| machinery | vehicles | equipment | Totals |
| £ | £ | £ | £ |
| COST |
| At 1 April 2016 |
| Disposals | ( |
) | ( |
) |
| At 31 March 2017 |
| DEPRECIATION |
| At 1 April 2016 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 31 March 2017 |
| NET BOOK VALUE |
| At 31 March 2017 |
| At 31 March 2016 |
| Included within fixed assets are assets held under hire purchase agreements with a net book value of £164,652 |
| (2016: £184,152). Depreciation charged on these assets amounts to £19,500 (2016: £13,518). |
| Glassford Hammond Farming LLP (Registered number: OC371140) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2017 |
| 4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| as restated |
| £ | £ |
| Trade debtors |
| Other debtors |
| VAT |
| 5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| as restated |
| £ | £ |
| Hire purchase contracts |
| Trade creditors |
| Other creditors |
| Accruals and deferred income |
| 6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2017 | 2016 |
| as restated |
| £ | £ |
| Hire purchase contracts |
| 7. | FIRST YEAR ADOPTION |
| No transitional adjustments arose on transition to FRS102. |