REGISTERED NUMBER:
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AGRICULTURAL PRODUCE PARTNERS LLP |
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REPORT OF THE MEMBERS AND |
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE PERIOD |
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29 SEPTEMBER 2021 TO 5 APRIL 2022 |
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REGISTERED NUMBER:
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AGRICULTURAL PRODUCE PARTNERS LLP |
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REPORT OF THE MEMBERS AND |
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE PERIOD |
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29 SEPTEMBER 2021 TO 5 APRIL 2022 |
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AGRICULTURAL PRODUCE PARTNERS LLP (REGISTERED NUMBER: OC439322) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 29 SEPTEMBER 2021 TO 5 APRIL 2022 |
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Page |
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General Information | 1 |
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Report of the Members | 2 |
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Income Statement | 4 |
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Balance Sheet | 5 |
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Notes to the Financial Statements | 6 |
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AGRICULTURAL PRODUCE PARTNERS LLP |
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GENERAL INFORMATION |
FOR THE PERIOD 29 SEPTEMBER 2021 TO 5 APRIL 2022 |
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DESIGNATED MEMBERS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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AGRICULTURAL PRODUCE PARTNERS LLP (REGISTERED NUMBER: OC439322) |
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REPORT OF THE MEMBERS |
FOR THE PERIOD 29 SEPTEMBER 2021 TO 5 APRIL 2022 |
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The members present their report with the financial statements of the LLP for the period 29 September 2021 to 5 April 2022. |
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INCORPORATION |
The LLP was incorporated on 29 September 2021 and commenced trading on the same date. |
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PRINCIPAL ACTIVITY |
The principal activity of the LLP in the period under review was that of wholesale of fruit and vegetables. |
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DESIGNATED MEMBERS |
The designated members during the period under review were: |
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Dr M C Hogge |
T A J Ebdon (Appointed - 26/11/2021) |
M J Molloy (Resigned - 26/11/2021) |
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LLP MEMBERS |
The LLP members during the period under review were: |
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J Bulford |
G Burgoyne |
S Crocker |
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RESULTS FOR THE PERIOD AND ALLOCATION TO MEMBERS |
The profit for the period before members' remuneration and profit shares was £325,972. |
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MEMBERS' INTERESTS |
From time to time the LLP requires members to make capital contributions necessary for carrying on the business, and specifies the time within which such contributions are to be made. These contributions are made by the members at their discretion by payment to the LLP, or by transfer from their current accounts. |
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If a member ceases to be a member of the LLP they are not entitled to receive any share of the profit of the LLP from the date that they cease to be a member. The LLP is not obliged to prepare any accounts other than those which would normally be prepared at the next year end date, and these accounts will be apportioned on a time basis in respect of the periods before and after the member has ceased to be a member. |
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No contractual obligation exists for the LLP to repay members capital when a member ceases to be a member. |
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FINANCIAL INSTRUMENTS |
Amounts subscribed by members to the LLP have been treated as equity in the financial statements due to there being no contractual obligation by the LLP to repay these amounts when a member ceases to be a member. |
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AGRICULTURAL PRODUCE PARTNERS LLP (REGISTERED NUMBER: OC439322) |
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REPORT OF THE MEMBERS |
FOR THE PERIOD 29 SEPTEMBER 2021 TO 5 APRIL 2022 |
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DRAWINGS |
Payments to members can be either fixed monthly sums or other amounts which may from time to time be agreed by the members, after giving due consideration to the cash requirements of the business. |
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Any payments to be made to or on behalf of any member, and any assets to be transferred to or for the benefit of any member can only be made, transferred or applied with the consent of the members, and notification of any such transactions must be given to all members. |
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The LLP will on the approval of the annual accounts, reserve out of profits before distribution any amounts of tax estimated by the accountants to be payable by members during the following tax year. |
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The LLP will pay for the benefit of each member such amounts of tax as shall be payable by them. |
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If the annual accounts show that any member drew in excess of their share of the profits for that accounting year then such member will repay the excess immediately, together with interest on the excess. |
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Each member is entitled to be repaid by the LLP the balance of their actual share of any profits shown in the accounts for any accounting year at any time after the accounts have been approved by the members. |
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ON BEHALF OF THE MEMBERS: |
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AGRICULTURAL PRODUCE PARTNERS LLP (REGISTERED NUMBER: OC439322) |
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INCOME STATEMENT |
FOR THE PERIOD 29 SEPTEMBER 2021 TO 5 APRIL 2022 |
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£ |
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TURNOVER |
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Administrative expenses | ( |
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OPERATING PROFIT and |
PROFIT FOR THE FINANCIAL PERIOD
BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS |
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AGRICULTURAL PRODUCE PARTNERS LLP (REGISTERED NUMBER: OC439322) |
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BALANCE SHEET |
5 APRIL 2022 |
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Notes | £ |
CURRENT ASSETS |
Debtors | 4 |
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CREDITORS |
Amounts falling due within one year | 5 | ( |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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NET ASSETS ATTRIBUTABLE TO
MEMBERS |
89,339 |
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LOANS AND OTHER DEBTS DUE TO
MEMBERS |
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89,339 |
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TOTAL MEMBERS' INTERESTS |
Loans and other debts due to members | 6 | 89,339 |
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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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The financial statements were approved by the members of the LLP and authorised for issue on
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AGRICULTURAL PRODUCE PARTNERS LLP (REGISTERED NUMBER: OC439322) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 29 SEPTEMBER 2021 TO 5 APRIL 2022 |
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1. | STATUTORY INFORMATION |
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Agricultural Produce Partners LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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The disclosure requirements of section 1A of FRS102 have been applied other than where additional disclosure is required to show a true and far view. |
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The financial statements are prepared in sterling, which is the functional currency of the LLP. Monetary amounts in these financial statements are rounded to the nearest £1. |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
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3. | EMPLOYEE INFORMATION |
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The average number of employees during the period was NIL. |
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4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade debtors |
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5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Taxation and social security |
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Other creditors |
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6. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
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Loans and other debts due to members rank equally with debts due to unsecured creditors in the event of a winding up. There is no provision for specific legally enforceable protection afforded to creditors in such an event. There are no restrictions or limitations on the ability of the members to reduce the amount of 'Members' other interests'. |
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7. | RELATED PARTY DISCLOSURES |
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Rush Group Limited |
A company in which the members are directors. |
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At the year end the LLP owed the related party £10,559. |