HS Lakes Developments LLP

Contents
	Page
Balance Sheet	1—2
Notes to the Financial Statements	3

Registered number: OC433859

		2022		2021
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		784,904		502,159

			784,904		502,159
CURRENT ASSETS
Debtors	5	2,175		2,175
Cash at bank and in hand		1,273		1,190

		3,448		3,365
Creditors: Amounts Falling Due Within One Year	6	(300 )		(300 )

NET CURRENT ASSETS (LIABILITIES)			3,148		3,065

TOTAL ASSETS LESS CURRENT LIABILITIES			788,052		505,224

NET ASSETS ATTRIBUTABLE TO MEMBERS			788,052		505,224

REPRESENTED BY:
Equity
Members' other interests
Members' capital		825,212		507,498
Other reserves		(37,160)		(2,274)

			788,052		505,224

TOTAL MEMBERS' INTEREST
Members' other interests			788,052		505,224

			788,052		505,224

Page 1

Page 2

HS Lakes Developments LLP

Balance Sheet (continued)

As At 31 October 2022

For the year ending 31 October 2022 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 applicable to LLP's subject to the small LLPs regime.)

The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The LLP has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account.

On behalf of the members

Hargreaves Enterprises Ltd

Designated Member

04/10/2023

The notes on page 3 form part of these financial statements.

1. General Information

HS Lakes Developments LLP is a limited liability partnership, incorporated in England & Wales, registered number OC433859 . The Registered Office is St Andrews, Lake Road, Bownes On Windermere, Cumbria, LA23 3DE.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2018 (SORP) and the Companies Act 2006 (as applied to LLPs).

The financial statements are prepared in sterling which is the functional currency of the LLP.

2.2. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

3. Average Number of Employees

Average number of employees, including members, during the year was as follows: NIL (2021: )

4. Tangible Assets

	Land & Property
	Freehold
	£
Cost
As at 1 November 2021	502,159
Additions	282,745

As at 31 October 2022	784,904

Net Book Value
As at 31 October 2022	784,904

As at 1 November 2021	502,159

5. Debtors

	2022	2021
	£	£
Due within one year
Trade debtors	2,175	2,175

	2,175	2,175

6. Creditors: Amounts Falling Due Within One Year

	2022	2021
	£	£
Accruals and deferred income	300	300

	300	300

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