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REGISTERED NUMBER: OC427792 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st March 2023

for

Lwin Family Partnership LLP

Lwin Family Partnership LLP (Registered number: OC427792)






Contents of the Financial Statements
for the Year Ended 31st March 2023




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Lwin Family Partnership LLP

General Information
for the Year Ended 31st March 2023







DESIGNATED MEMBERS: Dr T T Lwin
Lwin Family Holdings Ltd





REGISTERED OFFICE: C/O OCG Accountants Ltd
Biz Hub Tees Valley
Belasis Hall Technology Park
Billingham
TS23 4EA





REGISTERED NUMBER: OC427792 (England and Wales)





ACCOUNTANTS: OCG Accountants Ltd
Biz Hub Tees Valley
Belasis Hall Technology Park
Coxwold Way
Billingham
Co. Durham
TS23 4EA

Lwin Family Partnership LLP (Registered number: OC427792)

Balance Sheet
31st March 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 3,159,876 3,029,876

CURRENT ASSETS
Cash at bank 12,250 -
TOTAL ASSETS LESS CURRENT LIABILITIES 3,172,126 3,029,876

CREDITORS
Amounts falling due after more than one
year

5

(1,032,389

)

(1,032,389

)
NET ASSETS ATTRIBUTABLE TO MEMBERS 2,139,737 1,997,487

LOANS AND OTHER DEBTS DUE TO
MEMBERS

7

2,139,737

1,997,487

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 7 2,139,737 1,997,487

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 31st 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.

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 23rd February 2024 and were signed by:



Dr T T Lwin - Designated member

Lwin Family Partnership LLP (Registered number: OC427792)

Notes to the Financial Statements
for the Year Ended 31st March 2023

1. STATUTORY INFORMATION

Lwin Family Partnership 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 as modified by the revaluation of certain assets.

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

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - in accordance with the property

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.

3. EMPLOYEE INFORMATION

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

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST OR VALUATION
At 1st April 2022 3,029,876
Revaluations 130,000
At 31st March 2023 3,159,876
NET BOOK VALUE
At 31st March 2023 3,159,876
At 31st March 2022 3,029,876

Lwin Family Partnership LLP (Registered number: OC427792)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2023

4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 31st March 2023 is represented by:

Land and
buildings
£   
Valuation in 2021 180,000
Valuation in 2022 (40,000 )
Valuation in 2023 130,000
Cost 2,889,876
3,159,876

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Mortgages 1,032,389 1,032,389

6. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Mortgages 1,032,389 1,032,389

7. LOANS AND OTHER DEBTS DUE TO MEMBERS

Members rank ahead of other creditors in a liquidation.