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REGISTERED NUMBER: OC438789 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 August 2023

for

Abode Property (SE) LLP

Abode Property (SE) LLP (Registered number: OC438789)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Abode Property (SE) LLP

General Information
for the Year Ended 31 August 2023







DESIGNATED MEMBERS: R P Whiting
M J Whiting
Willow Homes (Whitstable) Ltd





REGISTERED OFFICE: Oaklea House
46 Coatham Road
Redcar
Cleveland
TS10 1RS





REGISTERED NUMBER: OC438789 (England and Wales)





ACCOUNTANTS: SKS Bailey Group Limited
Oaklea House
46 Coatham Road
Redcar
TS10 1RS

Abode Property (SE) LLP (Registered number: OC438789)

Balance Sheet
31 August 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 2,520,137 2,651,517

CURRENT ASSETS
Cash at bank 46,657 39,833

CREDITORS
Amounts falling due within one year 5 (15,192 ) (15,081 )
NET CURRENT ASSETS 31,465 24,752
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,551,602

2,676,269

CREDITORS
Amounts falling due after more than one year 6 (477,530 ) (598,253 )
NET ASSETS ATTRIBUTABLE TO
MEMBERS

2,074,072

2,078,016

LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

2,074,072

2,078,016

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 2,074,072 2,078,016

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 August 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.

Abode Property (SE) LLP (Registered number: OC438789)

Balance Sheet - continued
31 August 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 13 March 2024 and were signed by:





M J Whiting - Designated member

Abode Property (SE) LLP (Registered number: OC438789)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

Abode Property (SE) 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.
Freehold property - Not Provided
Motor vehicles - 25% on reducing balance

3. EMPLOYEE INFORMATION

The average number of employees during the year was 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Freehold Motor
property vehicles Totals
£    £    £   
COST OR VALUATION
At 1 September 2022 2,642,000 12,690 2,654,690
Revaluations (129,000 ) - (129,000 )
At 31 August 2023 2,513,000 12,690 2,525,690
DEPRECIATION
At 1 September 2022 - 3,173 3,173
Charge for year - 2,380 2,380
At 31 August 2023 - 5,553 5,553
NET BOOK VALUE
At 31 August 2023 2,513,000 7,137 2,520,137
At 31 August 2022 2,642,000 9,517 2,651,517

Abode Property (SE) LLP (Registered number: OC438789)

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

4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 31 August 2023 is represented by:

Freehold Motor
property vehicles Totals
£    £    £   
Valuation in 2023 129,000 - 129,000
Cost 2,384,000 12,690 2,396,690
2,513,000 12,690 2,525,690

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other creditors 13,883 13,881
Accrued expenses 1,309 1,200
15,192 15,081

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other loans (see note 7) 477,530 598,253

7. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due between one and two years:
Loans 477,530 598,253

8. LOANS AND OTHER DEBTS DUE TO MEMBERS
2023 2022
£    £   
Amounts owed to members in respect of profits 2,074,072 2,078,016

Falling due within one year 2,074,072 2,078,016

Members rank ahead of other creditors in a liquidation.