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REGISTERED NUMBER: OC372642 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2023

for

Bamburgh Homes LLP

Bamburgh Homes LLP (Registered number: OC372642)






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


Bamburgh Homes LLP

General Information
for the Year Ended 28 February 2023







DESIGNATED MEMBERS: D H Barnes
Coppice Homes Limited
Roose Homes Ltd





REGISTERED OFFICE: C/o Triton Accountancy Services Ltd
Suite 7 Lesscent House, 405 Wigan Road
Ashton-In-Makerfield
Wigan
WN4 0AR





REGISTERED NUMBER: OC372642 (England and Wales)





ACCOUNTANTS: Triton Accountancy Services Ltd
Suite 7 Lesscent House
405 Wigan Rd
Ashton in Makerfield
Wigan
WN4 0AR

Bamburgh Homes LLP (Registered number: OC372642)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 349,154 351,102

CURRENT ASSETS
Stocks 5 1,151,000 808,500
Debtors 6 4,730 16,881
Cash at bank and in hand 258,109 650,750
1,413,839 1,476,131
CREDITORS
Amounts falling due within one year 7 50,081 42,178
NET CURRENT ASSETS 1,363,758 1,433,953
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

1,712,912

1,785,055

Bamburgh Homes LLP (Registered number: OC372642)

Balance Sheet - continued
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
LOANS AND OTHER DEBTS DUE
TO MEMBERS

8

661,081

733,224

MEMBERS' OTHER INTERESTS
Capital accounts 1,051,831 1,051,831
1,712,912 1,785,055

TOTAL MEMBERS' INTERESTS
Loans and other debts due to
members

8

661,081

733,224
Members' other interests 1,051,831 1,051,831
1,712,912 1,785,055

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.

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 24 November 2023 and were signed by:





D H Barnes - Designated member

Bamburgh Homes LLP (Registered number: OC372642)

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

1. STATUTORY INFORMATION

Bamburgh Homes 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 - 10% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Work in progress
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

WIP is valued at the lower of cost or net realisable value.

Pension costs and other post-retirement benefits
The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEE INFORMATION

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

Bamburgh Homes LLP (Registered number: OC372642)

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

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 March 2022 333,850 119,344 3,241 456,435
Additions 23,333 - - 23,333
At 28 February 2023 357,183 119,344 3,241 479,768
DEPRECIATION
At 1 March 2022 43,333 58,759 3,241 105,333
Charge for year 10,135 15,146 - 25,281
At 28 February 2023 53,468 73,905 3,241 130,614
NET BOOK VALUE
At 28 February 2023 303,715 45,439 - 349,154
At 28 February 2022 290,517 60,585 - 351,102

5. STOCKS
28.2.23 28.2.22
£    £   
Work-in-progress 1,151,000 808,500

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Amounts owed by associates 1,621 7,561
Other debtors 3,109 9,320
4,730 16,881

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans and overdrafts 13,590 -
Trade creditors 17,370 25,655
Taxation and social security 5,111 2,569
Other creditors 14,010 13,954
50,081 42,178

Bamburgh Homes LLP (Registered number: OC372642)

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

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".