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REGISTERED NUMBER: OC417754 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH JUNE 2023

FOR

LOTTSTONE LLP

LOTTSTONE LLP (REGISTERED NUMBER: OC417754)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2023










Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LOTTSTONE LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 30TH JUNE 2023







DESIGNATED MEMBERS: SA Sanders
Ms H M Truman





REGISTERED OFFICE: 7 Sheep Street
Wellingborough
Northamptonshire
NN8 1BL





REGISTERED NUMBER: OC417754 (England and Wales)





ACCOUNTANTS: Bewers Turner & Co LLP
Chartered Accountants
Portland House
11-13 Station Road
Kettering
Northamptonshire
NN15 7HH

LOTTSTONE LLP (REGISTERED NUMBER: OC417754)

BALANCE SHEET
30TH JUNE 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 48,146 35,533

CURRENT ASSETS
Debtors 5 11,884 8,602
Cash at bank 3,520 6,463
15,404 15,065
CREDITORS
Amounts falling due within one year 6 15,833 16,818
NET CURRENT LIABILITIES (429 ) (1,753 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

47,717

33,780

CREDITORS
Amounts falling due after more than one
year

7

41,222

33,112
NET ASSETS ATTRIBUTABLE TO
MEMBERS

6,495

668

LOANS AND OTHER DEBTS DUE TO
MEMBERS

10

6,495

668

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 10 6,495 668

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 30th June 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.

LOTTSTONE LLP (REGISTERED NUMBER: OC417754)

BALANCE SHEET - continued
30TH JUNE 2023


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 29th September 2023 and were signed by:





SA Sanders - Designated member

LOTTSTONE LLP (REGISTERED NUMBER: OC417754)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2023


1. STATUTORY INFORMATION

Lottstone LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

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.

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.
Plant and machinery etc - 25% on cost and 20% on reducing balance

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 2 (2022 - 2 ) .

LOTTSTONE LLP (REGISTERED NUMBER: OC417754)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2023


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st July 2022 55,613
Additions 50,508
Disposals (52,049 )
At 30th June 2023 54,072
DEPRECIATION
At 1st July 2022 20,080
Charge for year 8,401
Eliminated on disposal (22,555 )
At 30th June 2023 5,926
NET BOOK VALUE
At 30th June 2023 48,146
At 30th June 2022 35,533

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 8,500 5,200
Other debtors 3,384 3,402
11,884 8,602

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts (see note 8) 5,853 6,864
Other creditors 9,980 9,954
15,833 16,818

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts (see note 8) 41,222 33,112

LOTTSTONE LLP (REGISTERED NUMBER: OC417754)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2023


8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year 5,853 6,864
Between one and five years 41,222 33,112
47,075 39,976

Non-cancellable operating leases
2023 2022
£    £   
Within one year 13,200 13,536
Between one and five years 3,300 16,500
16,500 30,036

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 47,075 39,976

Amounts due in relation to hire purchase contracts are secured against the assets concerned.

10. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members would rank after all other creditors.