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REGISTERED NUMBER: OC336623 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2023

FOR

ENGLISH OAK ESTATES LLP

ENGLISH OAK ESTATES LLP (REGISTERED NUMBER: OC336623)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023










Page

Balance sheet 1

Notes to the financial statements 3


ENGLISH OAK ESTATES LLP (REGISTERED NUMBER: OC336623)

BALANCE SHEET
30 APRIL 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 4 3,124 4,292
Investment property 5 1,100,000 850,000
1,103,124 854,292

Current assets
Debtors 6 240 324
Cash at bank 2,360 175
2,600 499
Creditors
Amounts falling due within one year 7 66,386 47,780
Net current liabilities (63,786 ) (47,281 )
Total assets less current liabilities
and
Net assets attributable to members 1,039,338 807,011

Loans and other debts due to members - -

Members' other interests
Capital accounts 449,323 466,996
Fair value reserve 8 590,015 340,015
1,039,338 807,011

Total members' interests
Members' other interests 1,039,338 807,011

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 30 April 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.

ENGLISH OAK ESTATES LLP (REGISTERED NUMBER: OC336623)

BALANCE SHEET - continued
30 APRIL 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 Statement of comprehensive income has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 5 October 2023 and were signed by:




Mr D A Jones - Designated member




Mrs A Cornelius-Jones - Designated member


ENGLISH OAK ESTATES LLP (REGISTERED NUMBER: OC336623)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023


1. Statutory information

English Oak Estates LLP is a private limited liability partnership, registered in England and Wales. The registered number is OC336623. The registered office is 7 & 8 Church Street, Wimborne, Dorset, BH21 1JH and business address is Forest Lodge, Holt Forest, Wimborne, Dorset, BH21 7BT.

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 as modified by the revaluation of certain assets.

Turnover
Turnover represents rental income relating to the year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

Financial instruments
Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities.

At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate.

Members' remuneration
A member's share in the profit or loss for the year is accounted for as an allocation of profits. Unallocated profits and losses are included within other reserves.

Freehold investment property
In accordance with the Limited Liability Partnership Statement of Recommended Practice, investment properties are revalued annually to their fair value and the aggregate surplus or deficit is transferred to the revaluation reserve, except where a deficit on an individual investment property is expected to be permanent in which case it is charged (or credited, where a deficit is reversed) to the profit and loss account for the year. No depreciation is provided in respect of investment properties.

3. Employee information

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

ENGLISH OAK ESTATES LLP (REGISTERED NUMBER: OC336623)

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


4. Tangible fixed assets
Plant,
fixtures Fixtures
and and Motor Computer
equipment fittings vehicles equipment Totals
£    £    £    £    £   
Cost
At 1 May 2022
and 30 April 2023 2,438 482 17,699 2,595 23,214
Depreciation
At 1 May 2022 2,438 121 14,555 1,808 18,922
Charge for year - 120 786 262 1,168
At 30 April 2023 2,438 241 15,341 2,070 20,090
Net book value
At 30 April 2023 - 241 2,358 525 3,124
At 30 April 2022 - 361 3,144 787 4,292

5. Investment property
Total
£   
Fair value
At 1 May 2022 850,000
Revaluations 250,000
At 30 April 2023 1,100,000
Net book value
At 30 April 2023 1,100,000
At 30 April 2022 850,000

Fair value at 30 April 2023 is represented by:
£   
Valuation in 2016 10,015
Valuation in 2018 330,000
Valuation in 2023 250,000
Cost 509,985
1,100,000

Freehold investment property was valued by Goadsby Estate Agents on 02 March 2023 on an open market basis and this value is considered to remain its fair value.

6. Debtors: amounts falling due within one year
2023 2022
£    £   
Prepayments and accrued income 240 324

ENGLISH OAK ESTATES LLP (REGISTERED NUMBER: OC336623)

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


7. Creditors: amounts falling due within one year
2023 2022
£    £   
Trade creditors 65,134 46,527
Accruals and deferred income 1,252 1,253
66,386 47,780

8. Reserves
Fair
value
reserve
£   
At 1 May 2022 340,015
Freehold investment property
revaluation

250,000

At 30 April 2023 590,015