IRIS Accounts Production v23.2.0.158 OC364571 designated member 1.4.22 31.3.23 31.3.23 caravan storage. 0 0 false true false false true false 0 0 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureOC3645712022-03-31OC3645712023-03-31OC3645712022-04-012023-03-31OC3645712021-03-31OC3645712021-04-012022-03-31OC3645712022-03-31OC364571ns16:EnglandWales2022-04-012023-03-31OC364571ns15:PoundSterling2022-04-012023-03-31OC364571ns11:Director12022-04-012023-03-31OC364571ns11:LimitedLiabilityPartnershipLLP2022-04-012023-03-31OC364571ns11:SmallEntities2022-04-012023-03-31OC364571ns11:AuditExemptWithAccountantsReport2022-04-012023-03-31OC364571ns11:SmallCompaniesRegimeForAccounts2022-04-012023-03-31OC364571ns11:LimitedLiabilityPartnershipsSORP2022-04-012023-03-31OC364571ns11:FullAccounts2022-04-012023-03-31OC364571ns6:CurrentFinancialInstruments2023-03-31OC364571ns6:CurrentFinancialInstruments2022-03-31OC364571ns11:RegisteredOffice2022-04-012023-03-31OC364571ns6:PlantMachinery2022-04-012023-03-31OC364571ns6:MotorVehicles2022-04-012023-03-31OC364571ns6:ComputerEquipment2022-04-012023-03-31OC364571ns6:OwnedAssets2022-04-012023-03-31OC364571ns6:OwnedAssets2021-04-012022-03-31OC364571ns6:PlantMachinery2022-03-31OC364571ns6:MotorVehicles2022-03-31OC364571ns6:ComputerEquipment2022-03-31OC364571ns6:PlantMachinery2023-03-31OC364571ns6:MotorVehicles2023-03-31OC364571ns6:ComputerEquipment2023-03-31OC364571ns6:PlantMachinery2022-03-31OC364571ns6:MotorVehicles2022-03-31OC364571ns6:ComputerEquipment2022-03-31OC364571ns6:WithinOneYearns6:CurrentFinancialInstruments2023-03-31OC364571ns6:WithinOneYearns6:CurrentFinancialInstruments2022-03-31
REGISTERED NUMBER: OC364571 (England and Wales)
























REPORT OF THE MEMBERS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

LAKEVIEW ENTERPRISES LLP

LAKEVIEW ENTERPRISES LLP (REGISTERED NUMBER: OC364571)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

Report of the Members 1

Income Statement 2

Balance Sheet 3

Notes to the Financial Statements 4


LAKEVIEW ENTERPRISES LLP (REGISTERED NUMBER: OC364571)

REPORT OF THE MEMBERS
FOR THE YEAR ENDED 31 MARCH 2023


The members present their report with the financial statements of the LLP for the year ended 31 March 2023.

DESIGNATED MEMBERS
The designated members during the year under review were:

Richard Peters
Tony Peters

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS
The profit for the year before members' remuneration and profit shares was £40,289 (2022 - £37,505 profit).

MEMBERS' INTERESTS

ON BEHALF OF THE MEMBERS:





Richard Peters - Designated member


2 October 2023

LAKEVIEW ENTERPRISES LLP (REGISTERED NUMBER: OC364571)

INCOME STATEMENT
FOR THE YEAR ENDED 31 MARCH 2023

2023 2022
Notes £    £   

TURNOVER 50,565 48,230

Cost of sales 1 -
GROSS PROFIT 50,564 48,230

Administrative expenses 10,275 10,725
OPERATING PROFIT and
PROFIT FOR THE FINANCIAL YEAR BEFORE
MEMBERS' REMUNERATION AND PROFIT
SHARES AVAILABLE FOR DISCRETIONARY
DIVISION AMONG MEMBERS



40,289



37,505

LAKEVIEW ENTERPRISES LLP (REGISTERED NUMBER: OC364571)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 7,702 10,271

CURRENT ASSETS
Debtors 6 78,820 43,161
Prepayments and accrued income 486 723
Cash at bank 48,509 26,010
127,815 69,894
CREDITORS
Amounts falling due within one year 7 41,659 7,526
NET CURRENT ASSETS 86,156 62,368
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO MEMBERS 93,858 72,639

LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

93,858

72,639

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 93,858 72,639

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 March 2023.

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 in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The financial statements were approved by the members of the LLP and authorised for issue on 2 October 2023 and were signed by:





Richard Peters - Designated member

LAKEVIEW ENTERPRISES LLP (REGISTERED NUMBER: OC364571)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

Lakeview Enterprises LLP is registered in England and Wales. The LLP's registered number and registered office address are as below:

Registered number: OC364571

Registered office: 4 Office Village
Forder Way, Cygnet Park
Hampton
Peterborough
Cambridgeshire
PE7 8GX

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

No significant judgements (apart from those involving estimations) have been made by management in the process of applying the entity's accounting policies and preparing these financial statements.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. There have been no key assumptions or there sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

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 the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 25% on reducing balance

At each balance sheet date assets not carried at fair value are assessed to determine whether there is an indication that the asset may be impaired. If there is such an indication the recoverable amount of the asset is compared to the carrying amount of the asset.

LAKEVIEW ENTERPRISES LLP (REGISTERED NUMBER: OC364571)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


2. ACCOUNTING POLICIES - continued

Financial instruments
The company holds basic financial instruments as defined in FRS102. The financial assets and financial liabilities of the company and their measurement basis are as follows:

Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments. Cash at bank is classified as a basic financial instrument and is measured at amortised cost.

Financial liabilities - trade creditors, accruals and other creditors and basic financial instruments and are measured at amortised cost. Taxation and social security and not included in the financial instruments disclosure definition.

Debtors
Short term debtors are initially measured at transaction price less attributable costs and then subsequently measured at amortised costs using EIR. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short term trade creditors are initially measured at transaction price less attributable costs. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3. EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2022 - NIL).

4. OPERATING PROFIT

The operating profit is stated after charging:

2023 2022
£    £   
Depreciation - owned assets 2,569 3,427

5. TANGIBLE FIXED ASSETS
Plant and Motor Office
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2022
and 31 March 2023 11,454 44,980 1,065 57,499
DEPRECIATION
At 1 April 2022 10,339 36,085 804 47,228
Charge for year 279 2,224 66 2,569
At 31 March 2023 10,618 38,309 870 49,797
NET BOOK VALUE
At 31 March 2023 836 6,671 195 7,702
At 31 March 2022 1,115 8,895 261 10,271

LAKEVIEW ENTERPRISES LLP (REGISTERED NUMBER: OC364571)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 60,709 24,222
Other debtors 18,111 18,939
78,820 43,161

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other creditors 7,526 7,526
Accruals and deferred income 34,133 -
41,659 7,526

8. LOANS AND OTHER DEBTS DUE TO MEMBERS

Current account balances rank pari passu with other unsecured creditors