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REGISTERED NUMBER: OC401694 (England and Wales)















Report of the Members and

Unaudited Financial Statements for the Year Ended 28 February 2023

for

Residential Development Projects LLP

Residential Development Projects LLP (Registered number: OC401694)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

General Information 1

Report of the Members 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 6


Residential Development Projects LLP

General Information
for the Year Ended 28 February 2023







DESIGNATED MEMBERS: D R Minns
G E Bailey





REGISTERED OFFICE: Bramber
Egg Pie Lane
Hildenborough
Tonbridge
Kent
TN11 8PE





REGISTERED NUMBER: OC401694 (England and Wales)





ACCOUNTANTS: Amherst Accountancy
Room 2
1st Floor
7 Bligh's Walk
Sevenoaks
Kent
TN13 1DB

Residential Development Projects LLP (Registered number: OC401694)

Report of the Members
for the Year Ended 28 February 2023

The members present their report with the financial statements of the LLP for the year ended 28 February 2023.

PRINCIPAL ACTIVITY
The principal activity of the LLP in the year under review was that of Professional fees for construction industry.

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

D R Minns
G E Bailey

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS
The loss for the year before members' remuneration and profit shares was £1,531 (2022 - £3,063 loss).

MEMBERS' INTERESTS

ON BEHALF OF THE MEMBERS:





D R Minns - Designated member


24 November 2023

Residential Development Projects LLP (Registered number: OC401694)

Income Statement
for the Year Ended 28 February 2023

28.2.23 28.2.22
£    £   

TURNOVER 14,178 86,000

Cost of sales 11,539 84,674
GROSS PROFIT 2,639 1,326

Administrative expenses 4,170 4,389
OPERATING LOSS and
LOSS FOR THE FINANCIAL YEAR
BEFORE MEMBERS'
REMUNERATION AND PROFIT
SHARES AVAILABLE FOR
DISCRETIONARY DIVISION AMONG
MEMBERS





(1,531





)





(3,063





)

Residential Development Projects LLP (Registered number: OC401694)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 12,500 -

CURRENT ASSETS
Debtors 5 208,039 175,033
Cash at bank 4,324 77
212,363 175,110
CREDITORS
Amounts falling due within one year 6 85,099 46,995
NET CURRENT ASSETS 127,264 128,115
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

139,764

128,115

LOANS AND OTHER DEBTS DUE TO
MEMBERS

7

139,764

128,115

TOTAL MEMBERS' INTERESTS
Loans and other debts due to
members

7

139,764

128,115
Amounts due from members 5 (100,047 ) (99,282 )
39,717 28,833

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.

Residential Development Projects LLP (Registered number: OC401694)

Balance Sheet - continued
28 February 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 the members of the LLP and authorised for issue on 24 November 2023 and were signed by:





D R Minns - Designated member

Residential Development Projects LLP (Registered number: OC401694)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Residential Development 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.

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
Additions 12,500
At 28 February 2023 12,500
NET BOOK VALUE
At 28 February 2023 12,500

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 1,493 -
Amounts owed by group undertakings 100,499 69,751
Other debtors 106,047 105,282
208,039 175,033

Residential Development Projects LLP (Registered number: OC401694)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade creditors 21,403 15,896
Amounts owed to group undertakings 33,045 -
Taxation and social security 30,151 29,599
Other creditors 500 1,500
85,099 46,995

7. LOANS AND OTHER DEBTS DUE TO MEMBERS

Any monies owing to creditors will be payable before any amounts are repaid to the members of the LLP. As at 28.02.2023 D Minns owed the LLP £100,047 and G Bailey was owed by the LLP £139,764.