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REGISTERED NUMBER: OC413978 (England and Wales)















Report of the Members and

Unaudited Financial Statements for the Year Ended 31 October 2022

for

The Highfield House And Grounds LLP

The Highfield House And Grounds LLP (Registered number: OC413978)

Contents of the Financial Statements
for the Year Ended 31 October 2022










Page

Report of the Members 1

Income Statement 2

Balance Sheet 3

Notes to the Financial Statements 5


The Highfield House And Grounds LLP (Registered number: OC413978)

Report of the Members
for the Year Ended 31 October 2022


The members present their report with the financial statements of the LLP for the year ended 31 October 2022.

PRINCIPAL ACTIVITY
The principal activity of the LLP in the year under review was that of an events venue.

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

A W Lampard
Mrs L Lampard

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS
The loss for the year before members' remuneration and profit shares was £75,670 (2021 - £148,130 loss).

MEMBERS' INTERESTS

FINANCIAL INSTRUMENTS
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments, including trade and other debtors and creditors are initially recognised at transaction value and subsequently measure at their settlement value.

ON BEHALF OF THE MEMBERS:





A W Lampard - Designated member


20 October 2023

The Highfield House And Grounds LLP (Registered number: OC413978)

Income Statement
for the Year Ended 31 October 2022

2022 2021
Notes £    £   

TURNOVER 464,430 94,806

Cost of sales (242,514 ) (54,154 )
GROSS PROFIT 221,916 40,652

Administrative expenses (380,897 ) (253,105 )
(158,981 ) (212,453 )

Other operating income 84,359 64,394
OPERATING LOSS 4 (74,622 ) (148,059 )

Interest receivable and similar income 3 1
(74,619 ) (148,058 )

Interest payable and similar expenses (1,051 ) (72 )
LOSS FOR THE FINANCIAL YEAR
BEFORE MEMBERS' REMUNERATION
AND PROFIT SHARES AVAILABLE
FOR DISCRETIONARY DIVISION
AMONG MEMBERS




(75,670




)




(148,130




)

The Highfield House And Grounds LLP (Registered number: OC413978)

Balance Sheet
31 October 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 6 1,200 1,200
Tangible assets 7 225,133 274,779
226,333 275,979

CURRENT ASSETS
Stocks 10,308 -
Debtors 8 11,288 4,928
Cash at bank and in hand 12,574 23,936
34,170 28,864
CREDITORS
Amounts falling due within one year 9 122,658 8,401
NET CURRENT (LIABILITIES)/ASSETS (88,488 ) 20,463
TOTAL ASSETS LESS CURRENT
LIABILITIES

137,845

296,442

CREDITORS
Amounts falling due after more than one
year

10

110,152

254,773
NET ASSETS ATTRIBUTABLE TO
MEMBERS

27,693

41,669

LOANS AND OTHER DEBTS DUE TO
MEMBERS

11

27,693

41,669

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 11 27,693 41,669

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 October 2022.

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.

The Highfield House And Grounds LLP (Registered number: OC413978)

Balance Sheet - continued
31 October 2022


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 20 October 2023 and were signed by:





A W Lampard - Designated member

The Highfield House And Grounds LLP (Registered number: OC413978)

Notes to the Financial Statements
for the Year Ended 31 October 2022


1. STATUTORY INFORMATION

The Highfield House And Grounds LLP is registered in England and Wales. The LLP's registered number and registered office address are as below:

Registered number: OC413978

Registered office: Suite 1
The Riverside Building
Livingstone Road
Hessle
East Yorkshire
HU13 0DZ

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.

Significant judgements and estimates
Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Although these estimates are based on the Directors' best knowledge of the amount, events or actions, actual results ultimately differ from these estimates. The Directors do not consider there to be any material estimates and judgements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue is measured at the fair value of the consideration received or receivable and represents the amount receivable for goods supplied or services rendered, net of returns, discounts and rebates allowed by the company/group and value added taxes.

The company bases its estimate of returns on historical results, taking into consideration the type of customer, the type of transaction and the specifics of each arrangement.

Where the consideration receivable in cash or cash equivalents is deferred, and the arrangement constitutes a financing transaction, the fair value of the consideration is measured as the present value of all future receipts using the imputed rate of interest.

The company recognises revenue when the significant risks and rewards of ownership have been transferred to the buyer; the company/group retains no continuing involvement or control over the goods; the amount of revenue can be measured reliably; it is probable that future economic benefits will flow to the entity and when the specific criteria relating to each of the company/group's sales channels have been met, as described below.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of nil years.

The Highfield House And Grounds LLP (Registered number: OC413978)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2022


2. ACCOUNTING POLICIES - continued

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

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 18 (2021 - 5 ) .

4. OPERATING LOSS

The operating loss is stated after charging:

2022 2021
£    £   
Depreciation - owned assets 108,579 115,400

5. EXCEPTIONAL ITEMS
2022 2021
£    £   
Exceptional items 23,322 -

6. INTANGIBLE FIXED ASSETS
Computer
software
£   
COST
At 1 November 2021
and 31 October 2022 1,200
NET BOOK VALUE
At 31 October 2022 1,200
At 31 October 2021 1,200

The Highfield House And Grounds LLP (Registered number: OC413978)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2022


7. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 November 2021 362,332 3,901 88,557
Additions 48,627 4,582 17,892
Disposals - - -
At 31 October 2022 410,959 8,483 106,449
DEPRECIATION
At 1 November 2021 133,848 2,251 61,234
Charge for year 87,000 2,105 15,986
Eliminated on disposal - - -
At 31 October 2022 220,848 4,356 77,220
NET BOOK VALUE
At 31 October 2022 190,111 4,127 29,229
At 31 October 2021 228,484 1,650 27,323

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 November 2021 30,149 1,629 486,568
Additions - 712 71,813
Disposals (17,174 ) - (17,174 )
At 31 October 2022 12,975 2,341 541,207
DEPRECIATION
At 1 November 2021 14,026 430 211,789
Charge for year 3,243 245 108,579
Eliminated on disposal (4,294 ) - (4,294 )
At 31 October 2022 12,975 675 316,074
NET BOOK VALUE
At 31 October 2022 - 1,666 225,133
At 31 October 2021 16,123 1,199 274,779

The Highfield House And Grounds LLP (Registered number: OC413978)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2022


8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 11,288 448
Other debtors - 291
VAT - 4,189
11,288 4,928

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 25,566 2,767
Hire purchase contracts 2,527 -
Trade creditors 15,731 1,498
Social security and other taxes 22,925 3,926
VAT 47,400 -
Other creditors 7,279 210
Accrued expenses 1,230 -
122,658 8,401

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Other Loans 98,362 78,362
Bank loans - 2-5 years 6,713 9,150
Hire purchase contracts 5,077 -
Other creditors - 167,261
110,152 254,773

11. LOANS AND OTHER DEBTS DUE TO MEMBERS
2022 2021
£    £   
Amounts owed to members in respect of profits 27,693 41,669

Falling due within one year 27,693 41,669