Millgarden Botanics LLP - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: OC401625 (England and Wales)

Unaudited Financial Statements for the Year Ended 5 April 2018

for

Millgarden Botanics LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

D P Bridger

Mrs J C Bridger

REGISTERED OFFICE:

Keyneston Mill

Tarrant Keyneston

Blandford Forum

Dorset

DT11 9HZ

REGISTERED NUMBER:

OC401625 (England and Wales)

ACCOUNTANTS:

Hughes Waddell

The White House

2 Meadrow

Godalming

Surrey

GU7 3HN

FIXED ASSETS

Tangible assets

4

1,459,482

447,859

CURRENT ASSETS

Stocks

5

29,208

-

Debtors

6

49,849

736,490

Cash at bank and in hand

1,104

24,271

80,161

760,761

CREDITORS

Amounts falling due within one year

7

195,150

140,309

NET CURRENT (LIABILITIES)/ASSETS

(114,989

)

620,452

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

1,344,493

1,068,311

LOANS AND OTHER DEBTS DUE TO MEMBERS

8

1,344,493

1,068,311

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

8

1,344,493

1,068,311

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 5 April 2018.

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 2019 and were signed by:

D P Bridger - Designated member

Mrs J C Bridger - Designated member

1.	STATUTORY INFORMATION

Millgarden Botanics 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.

Improvements to property

-

not provided

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Pension costs and other post-retirement benefits

The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme

are charged to profit or loss in the period to which they relate.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 15 (2017 - NIL ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 6 April 2017

195,476

230,159

13,724

Additions

1,009,610

50,533

28,096

At 5 April 2018

1,205,086

280,692

41,820

DEPRECIATION

Charge for year

-

70,173

10,455

At 5 April 2018

-

70,173

10,455

NET BOOK VALUE

At 5 April 2018

1,205,086

210,519

31,365

At 5 April 2017

195,476

230,159

13,724

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 6 April 2017

8,500

-

447,859

Additions

-

9,207

1,097,446

At 5 April 2018

8,500

9,207

1,545,305

DEPRECIATION

Charge for year

2,125

3,070

85,823

At 5 April 2018

2,125

3,070

85,823

NET BOOK VALUE

At 5 April 2018

6,375

6,137

1,459,482

At 5 April 2017

8,500

-

447,859

5.

STOCKS

5.4.18

5.4.17

£

£

Stocks

29,208

-

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

5.4.18

5.4.17

£

£

Trade debtors

2,536

-

Other debtors

47,313

736,490

49,849

736,490

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

5.4.18

5.4.17

£

£

Bank loans and overdrafts

14,111

-

Trade creditors

143,339

135,294

Taxation and social security

25,659

-

Other creditors

12,041

5,015

195,150

140,309

8.

LOANS AND OTHER DEBTS DUE TO MEMBERS

It is considered that loans due to members would rank lowest when consideration is taken of all the partnerships

debts.