REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD 1 MARCH 2022 TO 27 FEBRUARY 2023 |
FOR |
LUCENT HOMES 2011 LLP |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD 1 MARCH 2022 TO 27 FEBRUARY 2023 |
FOR |
LUCENT HOMES 2011 LLP |
LUCENT HOMES 2011 LLP (REGISTERED NUMBER: OC325912) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1 MARCH 2022 TO 27 FEBRUARY 2023 |
Page |
General Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Accountants' Report | 6 |
LUCENT HOMES 2011 LLP |
GENERAL INFORMATION |
FOR THE PERIOD 1 MARCH 2022 TO 27 FEBRUARY 2023 |
DESIGNATED MEMBERS: |
Ms A Lannin |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
2 Upperton Gardens |
Eastbourne |
East Sussex |
BN21 2AH |
LUCENT HOMES 2011 LLP (REGISTERED NUMBER: OC325912) |
BALANCE SHEET |
27 FEBRUARY 2023 |
2023 | 2022 |
Notes | £ | £ |
CURRENT ASSETS |
Stocks |
Debtors | 3 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 4 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
5 |
NET ASSETS ATTRIBUTABLE TO MEMBERS |
372,835 |
398,404 |
LOANS AND OTHER DEBTS DUE TO MEMBERS |
6 |
372,635 |
398,204 |
MEMBERS' OTHER INTERESTS |
Capital accounts | 200 | 200 |
372,835 | 398,404 |
TOTAL MEMBERS' INTERESTS |
Loans and other debts due to members | 6 | 372,635 | 398,204 |
Members' other interests | 200 | 200 |
Amounts due from members | 3 | (372,835 | ) | (534,681 | ) |
- | (136,277 | ) |
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. |
LUCENT HOMES 2011 LLP (REGISTERED NUMBER: OC325912) |
BALANCE SHEET - continued |
27 FEBRUARY 2023 |
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 |
LUCENT HOMES 2011 LLP (REGISTERED NUMBER: OC325912) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1 MARCH 2022 TO 27 FEBRUARY 2023 |
1. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Related party exemption |
The LLP has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. |
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 |
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. |
2. | EMPLOYEE INFORMATION |
The average number of employees during the period was NIL (2022 - NIL). |
3. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Amounts owed by group undertakings |
Amounts due from members | 372,835 | 534,681 |
Other debtors |
4. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Amounts owed to group undertakings |
Accrued expenses |
5. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2023 | 2022 |
£ | £ |
Bank loans - 1-2 years |
6. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
Loans and other debts due to members as at balance sheet date: |
Pridelake Properties 2006 Ltd - £0.08 |
Mr S J F B Whitehead - £372,634.69 |
LUCENT HOMES 2011 LLP (REGISTERED NUMBER: OC325912) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1 MARCH 2022 TO 27 FEBRUARY 2023 |
7. | RELATED PARTY DISCLOSURES |
At the balance sheet date, the LLP had a net payable balance of £Nil (2022: £340,946) to Pridelake Properties 2006 Ltd, a member of the LLP. The members J Sweet and S Whitehead have a controlling interest in Pridelake Properties 2006 Ltd and for which they act as directors. |
At the balance sheet date, the LLP had receivable balances of £Nil (2022: £810) Pridelake Properties Onslow 2012 LLP. Through their holding in Pridelake Properties 2006 Ltd, the members have a controlling interest and are members of Pridelake Properties Onslow 2012 LLP. |
At the balance sheet date, the LLP reported a payable balance of £Nil (2022: £2,882) to Pridelake Properties Onslow LLP. Through their holding in Pridelake Properties 2006 Ltd, the members have a controlling interest and are members of Pridelake Properties Onslow LLP. |
At the balance sheet date, the LLP reported a payable balance of £Nil (2022: £14,153) to Lucent Homes Contracts Limited. |
8. | ULTIMATE CONTROLLING PARTY |
The LLP is beneficially controlled by J Sweet and S Whitehead through their holding of 50% each of the share capital in Pridelake Properties 2006 Ltd. |
Pridelake Properties 2006 Ltd holds 98% of equity in the LLP. |
ACCOUNTANTS' REPORT TO THE MEMBERS |
ON THE UNAUDITED FINANCIAL STATEMENTS OF |
LUCENT HOMES 2011 LLP |
The following reproduces the text of the report prepared for the members in respect of the LLP's annual unaudited financial statements. In accordance with the Companies Act 2006, the LLP is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Members are not required to be filed with the Registrar of Companies. |
In order to assist you to fulfil your duties under the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, we have prepared for your approval the financial statements of Lucent Homes 2011 Llp for the period ended 27 February 2023 which comprise the Income Statement, Balance Sheet and the related notes from the LLP's accounting records and from information and explanations you have given us. |
This report is made solely to the members of Lucent Homes 2011 Llp, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Lucent Homes 2011 Llp and state those matters that we have agreed to state to the members of Lucent Homes 2011 Llp, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the LLP and its members, as a body, for our work or for this report. |
It is your duty to ensure that Lucent Homes 2011 Llp has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Lucent Homes 2011 Llp. You consider that Lucent Homes 2011 Llp is exempt from the statutory audit requirement for the period. |
We have not been instructed to carry out an audit or a review of the financial statements of Lucent Homes 2011 Llp. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
2 Upperton Gardens |
Eastbourne |
East Sussex |
BN21 2AH |