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REGISTERED NUMBER: OC391866 (England and Wales)








REPORT OF THE MEMBERS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

DESERT RIDGE ESTATES LLP

DESERT RIDGE ESTATES LLP (REGISTERED NUMBER: OC391866)






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 5


DESERT RIDGE ESTATES LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 March 2023







DESIGNATED MEMBERS: Firecrest Estates Ltd
Calmroy Ltd
Mrs A Warriner-Brown





REGISTERED OFFICE: 41 Rodney Road
Cheltenham
Gloucestershire
GL50 1HX





REGISTERED NUMBER: OC391866 (England and Wales)





ACCOUNTANTS: Mitchell Glanville Limited
41 Rodney Road
Cheltenham
Gloucestershire
GL50 1HX

DESERT RIDGE ESTATES LLP (REGISTERED NUMBER: OC391866)

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 Property Investment

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

Firecrest Estates Ltd
Calmroy Ltd
Mrs A Warriner-Brown

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS
The profit for the year before members' remuneration and profit shares was £45,532 (2022 - £43,483 profit).

MEMBERS' INTERESTS
The members' drawing policy allows each member to draw a proportion of their profit share, subject to the cash requirements of the business.

ON BEHALF OF THE MEMBERS:





Calmroy Ltd - Designated member


20 October 2023

DESERT RIDGE ESTATES LLP (REGISTERED NUMBER: OC391866)

INCOME STATEMENT
FOR THE YEAR ENDED 31 March 2023

2023 2022
£    £   

TURNOVER 60,868 57,861

Cost of sales 13,257 12,426
GROSS PROFIT 47,611 45,435

Administrative expenses 2,130 1,953
OPERATING PROFIT 45,481 43,482

Interest receivable and similar income 51 1
PROFIT FOR THE FINANCIAL YEAR
BEFORE MEMBERS' REMUNERATION
AND PROFIT SHARES AVAILABLE FOR
DISCRETIONARY DIVISION AMONG
MEMBERS




45,532




43,483

DESERT RIDGE ESTATES LLP (REGISTERED NUMBER: OC391866)

BALANCE SHEET
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 797,360 797,360

CURRENT ASSETS
Debtors 5 3,793 2,974
Cash at bank 34,773 22,488
38,566 25,462
CREDITORS
Amounts falling due within one year 6 23,101 20,532
NET CURRENT ASSETS 15,465 4,930
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

812,825

802,290

LOANS AND OTHER DEBTS DUE TO
MEMBERS

-

-

MEMBERS' OTHER INTERESTS
Capital accounts 828,214 817,679
Revaluation reserve 7 (15,389 ) (15,389 )
812,825 802,290

TOTAL MEMBERS' INTERESTS
Members' other interests 812,825 802,290

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.

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:





Calmroy Ltd - Designated member

DESERT RIDGE ESTATES LLP (REGISTERED NUMBER: OC391866)

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

1. STATUTORY INFORMATION

Desert Ridge Estates 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 as modified by the revaluation of certain assets.

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

INVESTMENT PROPERTY
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 797,360
NET BOOK VALUE
At 31 March 2023 797,360
At 31 March 2022 797,360

Investment property comprises £320,000. The fair value of the investment property has been arrived at on the basis of a valuation carried out at 31 March 2023 by the members of the LLP. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2022 797,360

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,016 200
Other debtors 2,745 2,745
Prepayments 32 29
3,793 2,974

DESERT RIDGE ESTATES LLP (REGISTERED NUMBER: OC391866)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 2,654 108
VAT 1,014 1,087
Other creditors 12,000 12,000
Accruals and deferred income 7,433 7,337
23,101 20,532

7. RESERVES
Revaluation
reserve
£   
At 1 April 2022 (15,389 )
At 31 March 2023 (15,389 )