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REGISTERED NUMBER: OC325722 (England and Wales)


















CONWY WATER GARDENS LLP

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023






CONWY WATER GARDENS LLP (REGISTERED NUMBER: OC325722)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023




Page

General Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


CONWY WATER GARDENS LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DESIGNATED MEMBERS: J P Harrison Esq
Mrs A H Harrison





REGISTERED OFFICE: Acer House
Glyn Isa
Rowen
Conwy
LL32 8TP





REGISTERED NUMBER: OC325722 (England and Wales)





ACCOUNTANTS: Hawley and Company
Chartered Accountants & Chartered Tax Advisers
First Floor Suite
23 Trinity Square
LLANDUDNO
North Wales
LL30 2RH

CONWY WATER GARDENS LLP (REGISTERED NUMBER: OC325722)

STATEMENT OF FINANCIAL POSITION
28 FEBRUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1 1
Tangible assets 5 412,853 413,227
412,854 413,228

CURRENT ASSETS
Stocks 6 5,030 15,030
Debtors 7 518 185
Cash at bank and in hand 48,030 83,285
53,578 98,500
CREDITORS
Amounts falling due within one year 8 109,053 104,968
NET CURRENT LIABILITIES (55,475 ) (6,468 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

357,379

406,760

CREDITORS
Amounts falling due after more than one year 9 81,394 103,659
NET ASSETS ATTRIBUTABLE TO
MEMBERS

275,985

303,101

LOANS AND OTHER DEBTS DUE TO
MEMBERS

11

275,985

303,101

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 11 275,985 303,101

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.

CONWY WATER GARDENS LLP (REGISTERED NUMBER: OC325722)

STATEMENT OF FINANCIAL POSITION - 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 27 November 2023 and were signed by:





J P Harrison Esq - Designated member

CONWY WATER GARDENS LLP (REGISTERED NUMBER: OC325722)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1. STATUTORY INFORMATION

Conwy Water Gardens 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.

Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill arose on the acquisition of the business on 27 February 2007. As the goodwill arising on this transaction was £1, there is no amortisation charge in the accounts.

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 - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
Pension contributions paid on behalf of staff and are charged against profits in the accounting period in which they are paid.

Government grants
Government grants in respect of capital expenditure are credited to deferred income and are released to profit over the expected useful lives of the relevant assets by equal annual instalments. Grants of a revenue nature are credited to income so as to match them with the expenditure to which they relate.

Trade and other debtors
Trade and other debtors are initially recognised at their transaction price, less impairment losses for bad and doubtful debts.

Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks and other short-term highly liquid investments with original maturities of 3 months or less.

Trade and other creditors
Trade and other creditors are initially recognised at their transaction price.

CONWY WATER GARDENS LLP (REGISTERED NUMBER: OC325722)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

3. EMPLOYEE INFORMATION

The average number of employees during the year was 8 (2022 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2022
and 28 February 2023 1
NET BOOK VALUE
At 28 February 2023 1
At 28 February 2022 1

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 March 2022 401,771 39,442 33,889
Additions - 2,136 376
At 28 February 2023 401,771 41,578 34,265
DEPRECIATION
At 1 March 2022 - 34,159 28,606
Charge for year - 1,855 849
At 28 February 2023 - 36,014 29,455
NET BOOK VALUE
At 28 February 2023 401,771 5,564 4,810
At 28 February 2022 401,771 5,283 5,283

CONWY WATER GARDENS LLP (REGISTERED NUMBER: OC325722)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 March 2022 8,848 1,957 485,907
Additions - 82 2,594
At 28 February 2023 8,848 2,039 488,501
DEPRECIATION
At 1 March 2022 8,137 1,778 72,680
Charge for year 178 86 2,968
At 28 February 2023 8,315 1,864 75,648
NET BOOK VALUE
At 28 February 2023 533 175 412,853
At 28 February 2022 711 179 413,227

6. STOCKS
2023 2022
£    £   
Stocks 5,030 15,030

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Prepayments 518 185

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 20,000 20,000
Trade creditors 16,731 20,102
Social security and other taxes 6,653 2,973
Accruals 65,669 61,893
109,053 104,968

CONWY WATER GARDENS LLP (REGISTERED NUMBER: OC325722)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Mortgage 1-2 years 10,000 10,000
Mortgage 2-5 years 30,000 30,000
Bank loan 23,397 33,417
Mortgage over 5 years 17,997 30,242
81,394 103,659

Amounts falling due in more than five years:

Repayable by instalments
Mortgage over 5 years 17,997 30,242

10. SECURED DEBTS

The bank overdraft and mortgage are secured by a fixed and floating charge over the assets of the business.

11. LOANS AND OTHER DEBTS DUE TO MEMBERS

'Loans and other debts due to members' ranks equally with debts due to unsecured creditors, in the event of a winding up.