Huntley Farms LLP - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: OC315766 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 October 2019

for

Huntley Farms LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

M Matthews

Mrs T E Matthews

S Harvey

REGISTERED OFFICE:

Stephenson Place

Stephenson Way

Three Bridges

Crawley

West Sussex

RH10 1TN

REGISTERED NUMBER:

OC315766 (England and Wales)

ACCOUNTANTS:

Bentleys Accounting Limited

Suite 6, 141/143 South Road

Haywards Heath

West Sussex

RH16 4LZ

FIXED ASSETS

Tangible assets

4

1,553,664

1,593,739

CURRENT ASSETS

Debtors

5

2,117

57,800

Cash at bank

14,904

3,469

17,021

61,269

CREDITORS

Amounts falling due within one year

6

-

36,219

NET CURRENT ASSETS

17,021

25,050

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

1,570,685

1,618,789

LOANS AND OTHER DEBTS DUE TO MEMBERS

4,907

904,534

MEMBERS' OTHER INTERESTS

Capital accounts

851,523

-

Revaluation reserve

7

714,255

714,255

1,570,685

1,618,789

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

4,907

904,534

Members' other interests

1,565,778

714,255

1,570,685

1,618,789

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 October 2019.

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 applicable to LLPs subject to the small LLPs regime.

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 and authorised for issue on 30 April 2020 and were signed by:

M Matthews - Designated member

1.	STATUTORY INFORMATION

Huntley 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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

-

2% on cost

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 2 (2018 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Plant and

Motor

property

property

machinery

vehicles

Totals

£

£

£

£

£

COST

At 1 November 2018

1,540,000

65,853

7,410

2,250

1,615,513

Disposals

(40,075

)

-

-

-

(40,075

)

At 31 October 2019

1,499,925

65,853

7,410

2,250

1,575,438

DEPRECIATION

At 1 November 2018

and 31 October 2019

-

12,114

7,410

2,250

21,774

NET BOOK VALUE

At 31 October 2019

1,499,925

53,739

-

-

1,553,664

At 31 October 2018

1,540,000

53,739

-

-

1,593,739

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.19

31.10.18

£

£

Trade debtors

2,117

57,800

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.19

31.10.18

£

£

Trade creditors

-

34,200

VAT

-

1,069

Accrued expenses

-

950

-

36,219

7.

RESERVES

Revaluation

reserve

£

At 1 November 2018

and 31 October 2019

714,255

8.	RELATED PARTY DISCLOSURES

In the opinion of the members there is no controlling party as defined by FRSSE.