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Unaudited Financial Statements for the Year Ended 31 March 2022 |
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Ormsary Farm LLP |
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Unaudited Financial Statements for the Year Ended 31 March 2022 |
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Ormsary Farm LLP |
Ormsary Farm LLP (Registered number: SO306920) |
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Contents of the Financial Statements |
for the Year Ended 31 March 2022 |
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General Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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Chartered Accountants' Report | 5 |
Ormsary Farm LLP |
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General Information |
for the Year Ended 31 March 2022 |
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DESIGNATED MEMBERS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
60 Wellington Street |
Glasgow |
G2 6HJ |
Ormsary Farm LLP (Registered number: SO306920) |
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Balance Sheet |
31 March 2022 |
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2022 | 2021 |
Notes | £ | £ |
FIXED ASSETS |
Investments | 4 |
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CURRENT ASSETS |
Debtors | 5 |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
and |
NET ASSETS ATTRIBUTABLE TO
MEMBERS |
3,807,169 |
4,304,995 |
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MEMBERS' OTHER INTERESTS | 6 | 3,807,169 | 4,304,995 |
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TOTAL MEMBERS' INTERESTS |
Members' Other Interests | 6 | 3,807,169 | 4,304,995 |
Amounts due from members | 5 | - | (2,955,641 | ) |
3,807,169 | 1,349,354 |
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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. |
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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. |
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The financial statements were approved by the members of the LLP and authorised for issue on
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Ormsary Farm LLP (Registered number: SO306920) |
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Notes to the Financial Statements |
for the Year Ended 31 March 2022 |
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1. | STATUTORY INFORMATION |
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Ormsary Farm LLP is registered in Scotland. The LLP's registered number and registered office address can be found on the General Information page. |
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover represent the LLP's share of profits as a partner in Ormsary Farmers LP (stated net of value added tax), and all arises within the U.K. |
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3. | EMPLOYEE INFORMATION |
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The average number of employees during the year was NIL (2021 - NIL). |
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4. | FIXED ASSET INVESTMENTS |
Interest |
in other |
participating |
interests |
£ |
COST |
At 1 April 2021 | 1,123,752 |
Additions | 191,483 |
At 31 March 2022 | 1,315,235 |
NET BOOK VALUE |
At 31 March 2022 | 1,315,235 |
At 31 March 2021 | 1,123,752 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2022 | 2021 |
£ | £ |
Other debtors |
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6. | MEMBERS' OTHER INTERESTS |
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In the event of a winding up the amounts included in "Loans and other debts due to members" will rank equally with unsecured creditors. |
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There are no restrictions on the ability of members to reduce the amount of Members' interests in respect of profits. |
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Members are not permitted to withdraw or receive back any part of their capital contributions. |
Ormsary Farm LLP (Registered number: SO306920) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 March 2022 |
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7. | RELATED PARTY DISCLOSURES |
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The LLP is controlled by the designated members and controls the partnership of Ormsary Farmers LP. The designated members assigned their interest in Ormsary Farmers LP to the LLP in exchange for an interest in the LLP. |
Chartered Accountants' Report to the Members |
on the Unaudited Financial Statements of |
Ormsary Farm LLP |
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The following reproduces the text of the report prepared for the members in respect of the LLP's annual unaudited financial statements. In accordance with the Companies Act 2006, the LLP is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Members are not required to be filed with the Registrar of Companies. |
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In order to assist you to fulfil your duties under the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, we have prepared for your approval the financial statements of Ormsary Farm LLP for the year ended 31 March 2022 which comprise the Income Statement, Balance Sheet, Reconciliation of Members' Interests and the related notes from the LLP's accounting records and from information and explanations you have given us. |
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As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance. |
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This report is made solely to the members of Ormsary Farm LLP, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Ormsary Farm LLP and state those matters that we have agreed to state to the members of Ormsary Farm LLP, as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the LLP and its members, as a body, for our work or for this report. |
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It is your duty to ensure that Ormsary Farm LLP has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Ormsary Farm LLP. You consider that Ormsary Farm LLP is exempt from the statutory audit requirement for the year. |
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We have not been instructed to carry out an audit or a review of the financial statements of Ormsary Farm LLP. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
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Chartered Accountants |
60 Wellington Street |
Glasgow |
G2 6HJ |
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