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REGISTERED NUMBER: OC334302 (England and Wales)















REPORT OF THE MEMBERS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

WE MAKE IT HAPPEN LLP

WE MAKE IT HAPPEN LLP (REGISTERED NUMBER: OC334302)






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




Page

General Information 1

Report of the Members 2

Income Statement 3

Statement of Financial Position 4

Notes to the Financial Statements 6


WE MAKE IT HAPPEN LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DESIGNATED MEMBERS: P Stavri
L Stavri





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





REGISTERED NUMBER: OC334302 (England and Wales)





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

WE MAKE IT HAPPEN LLP (REGISTERED NUMBER: OC334302)

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 rental.

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

P Stavri
C A Gould - resigned 06 May 2022
L Stavri

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS
The loss for the year before members' remuneration and profit shares was £27,890 (2022 - £10,629 loss).

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

The members' interests are disclosed in note 9 of the financial statements.

ON BEHALF OF THE MEMBERS:





Designated member


13 November 2023

WE MAKE IT HAPPEN LLP (REGISTERED NUMBER: OC334302)

INCOME STATEMENT
FOR THE YEAR ENDED 31 MARCH 2023

31.3.23 31.3.22
£    £   

TURNOVER 77,692 85,332

Cost of sales (25,374 ) (16,644 )
GROSS PROFIT 52,318 68,688

Administrative expenses (70,947 ) (61,678 )
OPERATING (LOSS)/PROFIT (18,629 ) 7,010


Interest payable and similar expenses (9,261 ) (17,639 )
LOSS FOR THE FINANCIAL YEAR BEFORE
MEMBERS' REMUNERATION AND
PROFIT SHARES AVAILABLE FOR
DISCRETIONARY DIVISION AMONG
MEMBERS




(27,890




)




(10,629




)

WE MAKE IT HAPPEN LLP (REGISTERED NUMBER: OC334302)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 850,000 850,000

CURRENT ASSETS
Debtors 5 37,209 4,774
Cash at bank and in hand 46,443 5,544
83,652 10,318
CREDITORS
Amounts falling due within one year 6 103,135 123,485
NET CURRENT LIABILITIES (19,483 ) (113,167 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

830,517

736,833

CREDITORS
Amounts falling due after more than one
year

7

-

274,280
NET ASSETS ATTRIBUTABLE TO
MEMBERS

830,517

462,553

LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

830,517

462,553

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 830,517 462,553

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.

WE MAKE IT HAPPEN LLP (REGISTERED NUMBER: OC334302)

STATEMENT OF FINANCIAL POSITION - 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 P Stavri the members of the LLP and authorised for issue on 13 November 2023 and were signed by:




P Stavri - Designated member




L Stavri - Designated member


WE MAKE IT HAPPEN LLP (REGISTERED NUMBER: OC334302)

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

1. STATUTORY INFORMATION

We Make It Happen 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
In preparing the financial statements, the members are required to make an assessment of the ability of the LLP to continue as a going concern. The members have considered all available evidence for the LLP which covers the 12 month period from the date of signing these financial statements. Although net current assets reflect a negative position, the members are optimistic that the company will meet all debt obligations as they fall due.

On the basis of this consideration, the members are satisfied that the LLP 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 consider that no material uncertainty exists. As a result, the members have concluded that it remains appropriate to adopt a going concern basis of preparation in these financial statements.

Turnover
Turnover is rental income and is recognised in the period to which the income relates.

Sales of investment properties are recognised on the date of completion and gain or loss made shows in the profit and loss account using market value brought forward as the basis of cost.

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.

Capital subscription and repayment
The capital requirements of the partnership 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 partnership'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 850,000
NET BOOK VALUE
At 31 March 2023 850,000
At 31 March 2022 850,000

WE MAKE IT HAPPEN LLP (REGISTERED NUMBER: OC334302)

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

4. INVESTMENT PROPERTY - continued

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2009 1,444,000
Valuation in 2012 (75,000 )
Valuation in 2019 (760,585 )
Valuation in 2021 (150,000 )
Cost 391,585
850,000

If property had not been revalued it would have been included at the following historical cost:

31.3.23 31.3.22
£    £   
Cost 391,585 391,585

Investment property was valued on an open market basis on 31 March 2023 by the members .

Property is held on the balance sheet at market value for its existing use and depreciation has not been charged in order to maintain a true and fair view.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 9,305 4,774
Prepayments 27,904 -
37,209 4,774

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts - 64,333
Trade creditors 42,874 34
Other creditors 42,078 42,078
Deferred income 1,143 -
Accrued expenses 17,040 17,040
103,135 123,485

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans - 1-2 years - 64,333
Bank loans - 2-5 years - 192,999
Bank loans more 5 yr by instal - 16,948
- 274,280

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 16,948

WE MAKE IT HAPPEN LLP (REGISTERED NUMBER: OC334302)

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

8. LOANS AND OTHER DEBTS DUE TO MEMBERS

The amounts shown in 'Loans and other debts due to members' would rank after other unsecured creditors in the event of a winding up.