IRIS Accounts Production v23.2.0.158 OC330492 designated member 29.11.21 28.11.22 28.11.22 0 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhOC3304922021-11-28OC3304922022-11-28OC3304922021-11-292022-11-28OC3304922020-11-28OC3304922020-11-292021-11-28OC3304922021-11-28OC330492ns10:Originalns15:EnglandWales2021-11-292022-11-28OC330492ns14:PoundSterlingns10:Original2021-11-292022-11-28OC330492ns10:Originalns10:Director12021-11-292022-11-28OC330492ns10:Original2021-11-292022-11-28OC330492ns10:Original2022-11-28OC330492ns10:Originalns10:LimitedLiabilityPartnershipLLP2021-11-292022-11-28OC330492ns10:Originalns10:SmallEntities2021-11-292022-11-28OC330492ns10:Originalns10:AuditExempt-NoAccountantsReport2021-11-292022-11-28OC330492ns10:SmallCompaniesRegimeForAccountsns10:Original2021-11-292022-11-28OC330492ns10:LimitedLiabilityPartnershipsSORPns10:Original2021-11-292022-11-28OC330492ns10:Originalns10:FullAccounts2021-11-292022-11-28OC330492ns10:Original2020-11-292021-11-28OC330492ns10:Originalns10:Director22021-11-292022-11-28OC330492ns10:Originalns10:RegisteredOffice2021-11-292022-11-28OC330492ns10:Original2021-11-28OC330492ns10:Originalns5:CurrentFinancialInstruments2022-11-28OC330492ns10:Originalns5:CurrentFinancialInstruments2021-11-28OC330492ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-11-28OC330492ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2021-11-28
REGISTERED NUMBER: OC330492 (England and Wales)















Unaudited Financial Statements

for the Year Ended 28 November 2022

for

YC & CV LLP

YC & CV LLP (Registered number: OC330492)

Contents of the Financial Statements
for the Year Ended 28 November 2022










Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 3


YC & CV LLP

General Information
for the Year Ended 28 November 2022







DESIGNATED MEMBERS: E Langley
Henley Property Developments Limited





REGISTERED OFFICE: C/O Michael Omiros Ltd
48 Warwick Street
London
W1B 5AW





REGISTERED NUMBER: OC330492 (England and Wales)






YC & CV LLP (Registered number: OC330492)

Balance Sheet
28 November 2022

28.11.22 28.11.21
Notes £    £   
CURRENT ASSETS
Stocks 379,869 379,869
Debtors 4 1,719,014 1,702,711
2,098,883 2,082,580
CREDITORS
Amounts falling due within one year 5 1,806,546 1,790,046
NET CURRENT ASSETS 292,337 292,534
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO MEMBERS 292,337 292,534

LOANS AND OTHER DEBTS DUE TO MEMBERS 6 292,337 292,534

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 6 292,337 292,534
Amounts due from members 4 (1,983 ) (1,785 )
290,354 290,749

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 November 2022.

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 28 November 2023 and were signed by:





Henley Property Developments Limited - Designated member

YC & CV LLP (Registered number: OC330492)

Notes to the Financial Statements
for the Year Ended 28 November 2022


1. STATUTORY INFORMATION

YC & CV 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.

Stocks
Stock consists of land and property and is stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

3. EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2021 - NIL).

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.11.22 28.11.21
£    £   
Amounts owed by group undertakings 46,313 30,208
Other debtors 1,672,701 1,672,503
1,719,014 1,702,711

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.11.22 28.11.21
£    £   
Trade creditors 72 72
Amounts owed to group undertakings 540,915 540,915
Other creditors 1,265,559 1,249,059
1,806,546 1,790,046

6. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank equally with debts due to ordinary creditors in the event of a winding up.