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REGISTERED NUMBER: OC345076 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

LEISURE DEVELOPMENT PARTNERS LLP

LEISURE DEVELOPMENT PARTNERS LLP (REGISTERED NUMBER: OC345076)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LEISURE DEVELOPMENT PARTNERS LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DESIGNATED MEMBERS: M J Collins
Y S Coifman
M Collins
N Bakhlina
J R Kennard





REGISTERED OFFICE: Ground Floor
Egerton House
68 Baker Street
Weybridge
Surrey
KT13 8AL





REGISTERED NUMBER: OC345076 (England and Wales)





ACCOUNTANTS: RJP LLP
Ground Floor
Egerton House
68 Baker Street
Weybridge
Surrey
KT13 8AL

LEISURE DEVELOPMENT PARTNERS LLP (REGISTERED NUMBER: OC345076)

BALANCE SHEET
31 MARCH 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 37,522 31,601

CURRENT ASSETS
Debtors 5 355,294 497,995
Cash at bank 687,899 508,588
1,043,193 1,006,583
CREDITORS
Amounts falling due within one year 6 70,070 90,413
NET CURRENT ASSETS 973,123 916,170
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,010,645

947,771

CREDITORS
Amounts falling due after more than one
year

7

10,742

17,209
NET ASSETS ATTRIBUTABLE TO
MEMBERS

999,903

930,562

LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

999,903

930,562

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 999,903 930,562

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.

LEISURE DEVELOPMENT PARTNERS LLP (REGISTERED NUMBER: OC345076)

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.

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 15 January 2024 and were signed by:





M J Collins - Designated member

LEISURE DEVELOPMENT PARTNERS LLP (REGISTERED NUMBER: OC345076)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

Leisure Development Partners 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 represents amounts chargeable to clients for professional services provided during the year, inclusive of direct expenses incurred on client assignments but excluding Value Added Tax. Turnover is recognised when a right to consideration has been obtained through performance under each contract. Consideration accrues as contract activity progresses by reference to the value of the work performed.

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 etc - 20% on cost

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Taxation
The taxation payable on the partnership profit is the personal liability of the members therefore neither partnership taxation nor related deferred taxation are accounted for in the financial statements.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 6 (2022 - 5 ) .

LEISURE DEVELOPMENT PARTNERS LLP (REGISTERED NUMBER: OC345076)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 91,174
Additions 9,417
At 31 March 2023 100,591
DEPRECIATION
At 1 April 2022 59,573
Charge for year 3,496
At 31 March 2023 63,069
NET BOOK VALUE
At 31 March 2023 37,522
At 31 March 2022 31,601

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 279,404 484,909
Other debtors 75,890 13,086
355,294 497,995

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 6,368 6,268
Hire purchase contracts - 20,804
Taxation and social security 59,357 56,059
Other creditors 4,345 7,282
70,070 90,413

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans 10,742 17,209

8. LOANS AND OTHER DEBTS DUE TO MEMBERS
31.3.23 31.3.22
£    £   
Amounts owed to members in respect of profits 999,903 930,562

Falling due within one year 999,903 930,562

Loans and other debts due to members rank pari passu with unsecured creditors.