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REGISTERED NUMBER: OC402841 (England and Wales)















REPORT OF THE MEMBERS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

BURLING LAND INVESTMENTS LLP

BURLING LAND INVESTMENTS LLP (REGISTERED NUMBER: OC402841)






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




Page

General Information 1

Report of the Members 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 6


BURLING LAND INVESTMENTS LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DESIGNATED MEMBERS: C Burling
A Burling





REGISTERED OFFICE: 20 Havelock Road
Hastings
East Sussex
TN34 1BP





REGISTERED NUMBER: OC402841 (England and Wales)





ACCOUNTANTS: Ashdown Hurrey
Chartered Accountants & Business Advisers
20 Havelock Road
Hastings
East Sussex
TN34 1BP

BURLING LAND INVESTMENTS LLP (REGISTERED NUMBER: OC402841)

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.

PRINCIPAL ACTIVITY
The principal activity of the LLP in the year under review was that of investment land rental.

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

C Burling
A Burling

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS
The profit for the year before members' remuneration and profit shares was £14,733 (2022 - £16,392 profit).

MEMBERS' INTERESTS
The policies regarding the allocation of profits to members, drawings and the subscription and repayment of members capital are disclosed in note 1 of the financial statements.

The members interests are disclosed within the notes to the financial statements.

ON BEHALF OF THE MEMBERS:





C Burling - Designated member


19 October 2023

BURLING LAND INVESTMENTS LLP (REGISTERED NUMBER: OC402841)

INCOME STATEMENT
FOR THE YEAR ENDED 31 MARCH 2023

31.3.23 31.3.22
£    £   

TURNOVER 16,576 16,576

Administrative expenses (1,843 ) (184 )
OPERATING PROFIT and
PROFIT FOR THE FINANCIAL YEAR
BEFORE MEMBERS' REMUNERATION
AND PROFIT SHARES AVAILABLE FOR
DISCRETIONARY DIVISION AMONG
MEMBERS




14,733




16,392

BURLING LAND INVESTMENTS LLP (REGISTERED NUMBER: OC402841)

BALANCE SHEET
31 MARCH 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 3,300,000 3,300,000

CURRENT ASSETS
Debtors 5 - 8,162
Cash at bank 90,190 67,255
90,190 75,417
CREDITORS
Amounts falling due within one year 6 970 930
NET CURRENT ASSETS 89,220 74,487
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,389,220

3,374,487

CREDITORS
Amounts falling due after more than one
year

7

3,000,000

3,000,000
NET ASSETS ATTRIBUTABLE TO
MEMBERS

389,220

374,487

LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

389,220

374,487

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 389,220 374,487

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.

BURLING LAND INVESTMENTS LLP (REGISTERED NUMBER: OC402841)

BALANCE SHEET - continued
31 MARCH 2023


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 19 October 2023 and were signed by:




A Burling - Designated member




C Burling - Designated member


BURLING LAND INVESTMENTS LLP (REGISTERED NUMBER: OC402841)

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

1. STATUTORY INFORMATION

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

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.

In preparing the financial statements, the directors are required to make an assessment of the ability of the company to continue as a going concern. The directors have considered all available evidence for the company which covers the 12 month period from the date of signing these financial statements. Against the backdrop of the COVID-19 Pandemic the directors have paid particular attention to likely cashflow requirements and the future availability of adequate cashflow to the company.


On the basis of this consideration, the directors are confident that the company has adequate resources to continue in operational existence and to meet its liabilities as they fall due for the foreseeable future. In reaching this conclusion they are satisfied that no material uncertainty exists. As a result of the above, the directors have concluded that it remains appropriate to adopt a going concern basis of preparation in these financial statements and that no material uncertainty exists in reaching this conclusion.

Turnover
Turnover represents receipts from promotion agreements and rents due during the period.

Investment property
Investment property is shown at the most recent fair valuation. Any aggregate surplus or deficit arising from changes in market value is transferred to the profit and loss reserves.

Investment land and properties are not depreciated due to annual revaluations.

Capital subscription and repayment
The capital requirements of the LLP are determined from time to time by the Designated Members. The amount of capital subscribed by each member is linked to the earnings allocated to that member. No interest is paid on capital.

Profit allocation
The allocation of profits to those who were members during the year is made by unanimous vote of the Designated Members.

During the year members draw sums as agreed by the Designated Members, taking into account the LLP's cash requirements for operating and investing activities.

3. EMPLOYEE INFORMATION

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022
and 31 March 2023 3,300,000
NET BOOK VALUE
At 31 March 2023 3,300,000
At 31 March 2022 3,300,000

BURLING LAND INVESTMENTS LLP (REGISTERED NUMBER: OC402841)

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

4. INVESTMENT PROPERTY - continued

Included in fair value of investment property is freehold land of £ 3,300,000 (2022 - £ 3,300,000 ) which is not depreciated.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Accrued income - 8,162

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Accrued expenses 970 930

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.23 31.3.22
£    £   
Other creditors 3,000,000 3,000,000

8. LOANS AND OTHER DEBTS DUE TO MEMBERS
31.3.23 31.3.22
£    £   
Amounts owed to members in respect of profits 389,220 374,487

Falling due within one year 389,220 374,487

Loans and other debts due to member's (other than member's capital classified as debt) would rank after unsecured creditors.

9. RELATED PARTY DISCLOSURES

An amount of £3,000,000 is show in other creditors as owed to A Burling. There are no terms attached to this loan.