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REGISTERED NUMBER: OC314085 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

SUSSEX DEVELOPMENT SERVICES LLP

SUSSEX DEVELOPMENT SERVICES LLP (REGISTERED NUMBER: OC314085)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2023




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SUSSEX DEVELOPMENT SERVICES LLP

GENERAL INFORMATION
for the year ended 31 March 2023







DESIGNATED MEMBERS: S W Newton
Sussex Research Limited





REGISTERED OFFICE: 22 Hill House Drive
Hampton
Middlesex
TW12 2FD





REGISTERED NUMBER: OC314085 (England and Wales)





ACCOUNTANTS: Plus Accounting
Chartered Accountants
Preston Park House
South Road
Brighton
East Sussex
BN1 6SB

SUSSEX DEVELOPMENT SERVICES LLP (REGISTERED NUMBER: OC314085)

BALANCE SHEET
31 March 2023

31.3.23 31.3.22
Notes £    £   
FIXED ASSETS
Intangible assets 4 20,616 18,735

CURRENT ASSETS
Debtors 5 800,295 758,867
Cash at bank 39 45
800,334 758,912
CREDITORS
Amounts falling due within one year 6 (725 ) (86,229 )
NET CURRENT ASSETS 799,609 672,683
TOTAL ASSETS LESS CURRENT
LIABILITIES

820,225

691,418

CREDITORS
Amounts falling due after more than one
year

7

(595,159

)

(466,352

)
NET ASSETS ATTRIBUTABLE TO
MEMBERS

225,066

225,066

LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

225,066

225,066

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 225,066 225,066
Amounts due from members 5 (797,367 ) (758,606 )
(572,301 ) (533,540 )

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.

SUSSEX DEVELOPMENT SERVICES LLP (REGISTERED NUMBER: OC314085)

BALANCE SHEET - continued
31 March 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 13 September 2023 and were signed by:





S W Newton - Designated member

SUSSEX DEVELOPMENT SERVICES LLP (REGISTERED NUMBER: OC314085)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2023

1. STATUTORY INFORMATION

Sussex Development Services 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.

Intellectual property rights
Intellectual property rights are amortised on a straight line basis over their estimated useful life of 4 years.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors, bank loans, third party loans, related party loans and investments in non-puttable shares.

For financial assets measured at amortise cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate, which is an approximation of the amount that the company would receive for the asset if it were to be sold at the balance sheet date.

Impairment review
At each balance sheet date, the company reviews the carrying amount of its assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of an asset, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

3. EMPLOYEE INFORMATION

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

SUSSEX DEVELOPMENT SERVICES LLP (REGISTERED NUMBER: OC314085)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2023

4. INTANGIBLE FIXED ASSETS
Intellectual
property
rights
£   
COST
At 1 April 2022 190,762
Additions 10,844
At 31 March 2023 201,606
AMORTISATION
At 1 April 2022 172,027
Amortisation for year 8,963
At 31 March 2023 180,990
NET BOOK VALUE
At 31 March 2023 20,616
At 31 March 2022 18,735

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Amounts due from members 797,367 758,606
Prepayments 2,928 261
800,295 758,867

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors - 80,772
Accrued expenses 725 5,457
725 86,229

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Loan from connected party 595,159 466,352

SUSSEX DEVELOPMENT SERVICES LLP (REGISTERED NUMBER: OC314085)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2023

8. LOANS AND OTHER DEBTS DUE TO MEMBERS
31.3.23 31.3.22
£    £   
Capital account 225,066 225,066

Falling due after more than one year 225,066 225,066

Loans and other debts due to members' (other than members' capital classified as debt) rank last in relation to other creditors.

9. RELATED PARTY DISCLOSURES

Sussex Research Limited - member

During the year Sussex Research Limited loaned the LLP £48,035, and the trade creditor was transferred to the loan account.

At the balance sheet date the following balances subsisted:

1) Trade Creditor: £Nil (2022: £80,772)
2) Long-term loan: £595,159 (2022: £466,352)