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REGISTERED NUMBER: OC419439 (England and Wales)




UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

OAKLEY (MARCH PROJECTS) LLP

OAKLEY (MARCH PROJECTS) LLP (REGISTERED NUMBER: OC419439)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 28 February 2023




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


OAKLEY (MARCH PROJECTS) LLP

GENERAL INFORMATION
for the year ended 28 February 2023







DESIGNATED MEMBERS: March Projects Limited
Porter Yorke Ltd





REGISTERED OFFICE: Takoradi
Eydon
Daventry
Northamptonshire
NN11 3QE





REGISTERED NUMBER: OC419439 (England and Wales)





ACCOUNTANTS: LDP Luckmans
1110 Elliott Court
Coventry Business Park
Herald Avenue
Coventry
West Midlands
CV5 6UB

OAKLEY (MARCH PROJECTS) LLP (REGISTERED NUMBER: OC419439)

BALANCE SHEET
28 February 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Work in progress - 1,196,067
Debtors 4 31,931 124,503
Cash at bank 4,392 11,029
36,323 1,331,599
CREDITORS
Amounts falling due within one year 5 12,156 933,534
NET CURRENT ASSETS 24,167 398,065
TOTAL ASSETS LESS CURRENT
LIABILITIES

24,167

398,065

CREDITORS
Amounts falling due after more than one
year

6

24,167

34,167
NET ASSETS ATTRIBUTABLE TO
MEMBERS

-

363,898

LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

-

363,898

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 - 363,898
Amounts due from members 4 (31,931 ) -
(31,931 ) 363,898

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 28 February 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.

OAKLEY (MARCH PROJECTS) LLP (REGISTERED NUMBER: OC419439)

BALANCE SHEET - continued
28 February 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 17 November 2023 and were signed by:





Porter Yorke Ltd - Designated member

OAKLEY (MARCH PROJECTS) LLP (REGISTERED NUMBER: OC419439)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 28 February 2023

1. STATUTORY INFORMATION

Oakley (March Projects) 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.

Work in progress & income recognition
Work in progress represents the initial investment in the development together with the costs incurred in relation to the development up to the year end.

Income is recognised when the development is completed and when an exchange of contracts for a sale has occurred. Until this point there is no certainty of income and therefore it is not considered appropriate to recognise any income.

3. EMPLOYEE INFORMATION

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 31,931 124,503

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 536,499
Trade creditors - 24,410
Taxation and social security 256 -
Other creditors 1,900 372,625
12,156 933,534

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 24,167 34,167

OAKLEY (MARCH PROJECTS) LLP (REGISTERED NUMBER: OC419439)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 28 February 2023

7. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 34,167 570,666

8. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank equally with debts due to unsecured creditors in the event of a winding up.
There is no provision for specific legally enforceable protection afforded to creditors in such an event.
There are no restrictions or limitations on the ability of the members to reduce the amount of ‘Members’ other interests.