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REGISTERED NUMBER: OC393049 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2023

for

Stonecliff Park LLP

Stonecliff Park LLP (Registered number: OC393049)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Stonecliff Park LLP

General Information
for the Year Ended 31 May 2023







DESIGNATED MEMBERS: B W Ball
S W Ball
N D Chastern





REGISTERED OFFICE: The Office Stonecliff Park
Prebend Lane
Welton
Lincoln
Lincolnshire
LN2 3JS





REGISTERED NUMBER: OC393049 (England and Wales)





ACCOUNTANTS: ABC Accounting Services
1 Willoughton Place
Wharton Close
Gainsborough
Lincolnshire
DN21 1EB

Stonecliff Park LLP (Registered number: OC393049)

Balance Sheet
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,501,055 2,501,616

CURRENT ASSETS
Stocks 27,879 34,905
Debtors 5 68,864 28,523
Cash at bank and in hand 8,994 59,394
105,737 122,822
CREDITORS
Amounts falling due within one year 6 15,594 17,018
NET CURRENT ASSETS 90,143 105,804
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

2,591,198

2,607,420

LOANS AND OTHER DEBTS DUE TO
MEMBERS

7

2,591,198

2,607,420

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 7 2,591,198 2,607,420

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 May 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.

Stonecliff Park LLP (Registered number: OC393049)

Balance Sheet - continued
31 May 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 Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 25 October 2023 and were signed by:




S W Ball - Designated member




B W Ball - Designated member


Stonecliff Park LLP (Registered number: OC393049)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

Stonecliff Park 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance

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.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 June 2022 2,500,000 5,710 3,689 1,070 2,510,469
Disposals - - (3,689 ) - (3,689 )
At 31 May 2023 2,500,000 5,710 - 1,070 2,506,780
DEPRECIATION
At 1 June 2022 - 4,391 3,689 773 8,853
Charge for year - 264 - 297 561
Eliminated on disposal - - (3,689 ) - (3,689 )
At 31 May 2023 - 4,655 - 1,070 5,725
NET BOOK VALUE
At 31 May 2023 2,500,000 1,055 - - 2,501,055
At 31 May 2022 2,500,000 1,319 - 297 2,501,616

Stonecliff Park LLP (Registered number: OC393049)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade debtors 43,772 17,808
Other debtors 25,092 10,715
68,864 28,523

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade creditors 13,594 14,818
Other creditors 2,000 2,200
15,594 17,018

7. LOANS AND OTHER DEBTS DUE TO MEMBERS

In the event of a winding up loans and other debts due to members are treated as deferred creditors and would rank behind other unsecured creditors and the costs of winding up.