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REGISTERED NUMBER: OC338691 (England and Wales)












FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

LIONSWOOD LLP

LIONSWOOD LLP (REGISTERED NUMBER: OC338691)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2023




Page

General Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


LIONSWOOD LLP

GENERAL INFORMATION
for the year ended 31 March 2023







DESIGNATED MEMBERS: Mr S M C Sherwood
Ms R L Sherwood





REGISTERED OFFICE: 19-20 Bourne Court
Southend Road
Woodford Green
Essex
IG8 8HD





REGISTERED NUMBER: OC338691 (England and Wales)





ACCOUNTANTS: Raffingers LLP
Chartered Certified Accountants
19-20 Bourne Court
Southend Road
Woodford Green
Essex
IG8 8HD

LIONSWOOD LLP (REGISTERED NUMBER: OC338691)

ABRIDGED BALANCE SHEET
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,747 5,971
Investments 5 - 4,348
4,747 10,319

CURRENT ASSETS
Debtors 88,868 99,437
Cash at bank 4,114 8,564
92,982 108,001
CREDITORS
Amounts falling due within one year 839 3,000
NET CURRENT ASSETS 92,143 105,001
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

96,890

115,320

LOANS AND OTHER DEBTS DUE TO
MEMBERS

6

96,890

115,320

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 6 96,890 115,320
Amounts due from members (88,868 ) (69,918 )
8,022 45,402

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 31 March 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.

LIONSWOOD LLP (REGISTERED NUMBER: OC338691)

ABRIDGED BALANCE SHEET - continued
31 March 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2023 in accordance with Section 444(2A) of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

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 12 September 2023 and were signed by:





Mr S M C Sherwood - Designated member

LIONSWOOD LLP (REGISTERED NUMBER: OC338691)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2023

1. STATUTORY INFORMATION

Lionswood LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The accounts have been prepared on the going concern basis as the members are of the opinion that the LLP will meet its liabilities as and when due, due to the continued support of the members.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 20% on reducing balance
Computer equipment - 25% on reducing balance

Investments
Fixed asset investments are stated at costs less provision for diminution in value.

Short term debtors and creditors
Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

3. EMPLOYEE INFORMATION

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

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2022
and 31 March 2023 41,664
DEPRECIATION
At 1 April 2022 35,693
Charge for year 1,224
At 31 March 2023 36,917
NET BOOK VALUE
At 31 March 2023 4,747
At 31 March 2022 5,971

LIONSWOOD LLP (REGISTERED NUMBER: OC338691)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2023

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 April 2022 4,348
Disposals (4,348 )
At 31 March 2023 -
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 4,348

At the balance sheet date, the LLP had the following investments:


Name of company
Country of
registration

Interest (%)

2021

2020

D&D Topco Limited UK £4,348 £4.348

Total £4,348 £4,348

6. LOANS AND OTHER DEBTS DUE TO MEMBERS

Other creditors take priority over loans and other debts due to members.