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REGISTERED NUMBER: OC318654 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Sunflower Day Nursery LLP

Sunflower Day Nursery LLP (Registered number: OC318654)

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










Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Sunflower Day Nursery LLP

General Information
for the Year Ended 31 March 2023







DESIGNATED MEMBERS: S D W Morris
Mrs S C Rose-Morris





REGISTERED OFFICE: 1a Parliament Square
Parliament Street
Crediton
Devon
EX17 2AW





REGISTERED NUMBER: OC318654 (England and Wales)





ACCOUNTANTS: Haines Watts Accountants (Exeter) Limited
1A Parliament Square
Parliament Street
Crediton
Devon
EX17 2AW

Sunflower Day Nursery LLP (Registered number: OC318654)

Balance Sheet
31 March 2023

2023 2022
Notes £    £   
FIXED ASSETS
Investment property 5 1,520,583 1,520,583

CURRENT ASSETS
Cash at bank - 1,889

CREDITORS
Amounts falling due within one year 6 (69,011 ) (70,210 )
NET CURRENT LIABILITIES (69,011 ) (68,321 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,451,572

1,452,262

CREDITORS
Amounts falling due after more than one
year

7

(852,473

)

(921,478

)
NET ASSETS ATTRIBUTABLE TO
MEMBERS

599,099

530,784

Sunflower Day Nursery LLP (Registered number: OC318654)

Balance Sheet - continued
31 March 2023

2023 2022
Notes £    £   

LOANS AND OTHER DEBTS DUE TO
MEMBERS

-

-

MEMBERS' OTHER INTERESTS
Capital accounts 599,099 530,784
599,099 530,784

TOTAL MEMBERS' INTERESTS
Members' other interests 599,099 530,784

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 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 16 November 2023 and were signed by:





S D W Morris - Designated member

Sunflower Day Nursery LLP (Registered number: OC318654)

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


1. STATUTORY INFORMATION

Sunflower Day Nursery LLP IS registered in England and Wales. The LLP's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Investment property
Investment properties for which fair value can be measured reliably without undue cost or effort are measured at fair value at each reporting date with changes in fair value recognised in profit or loss.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

4. EMPLOYEE INFORMATION

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

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022
and 31 March 2023 1,520,583
NET BOOK VALUE
At 31 March 2023 1,520,583
At 31 March 2022 1,520,583

Sunflower Day Nursery LLP (Registered number: OC318654)

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


5. INVESTMENT PROPERTY - continued

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2015 396,460
Cost 1,124,123
1,520,583

If the investment properties had not been revalued they would have been included at the following historical cost:

2023 2022
£    £   
Cost 1,124,123 1,124,123

Investment properties were valued on an open market basis on 31 March 2020 by the members .

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 67,511 67,500
Accruals and deferred income 1,500 2,710
69,011 70,210

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 67,500 67,500
Bank loans - 2-5 years 202,500 202,500
Bank loans more 5 yr by instal 582,473 651,478
852,473 921,478

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 582,473 651,478

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 919,973 988,978

There is a fixed and floating charge with Lloyds Bank plc dated 23 November 2017 over all the individual properties of the company.

Sunflower Day Nursery LLP (Registered number: OC318654)

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


9. RELATED PARTY DISCLOSURES

Sunflower Day Nurseries Limited

A company in which S D W Morris and Mrs S C Rose-Morris are both directors and shareholders.

During the year ended 31 March 2023, the company received rent from Sunflower Day Nurseries Limited in relation to the investment properties held which amounted to £70,000 (2022 - £70,000).