1 May 2022 false No description of principal activity Taxfiler 2023.14 OC375444business:LimitedLiabilityPartnershipLLP2022-05-012023-04-30 OC3754442022-04-30 OC3754442022-05-012023-04-30 OC375444business:AuditExemptWithAccountantsReport2022-05-012023-04-30 OC375444business:FullAccounts2022-05-012023-04-30 OC3754442023-04-30 OC375444business:PartnerLLP12022-05-012023-04-30 OC375444business:PartnerLLP22022-05-012023-04-30 OC375444business:PartnerLLP32022-05-012023-04-30 OC375444business:PartnerLLP42022-05-012023-04-30 OC375444business:RegisteredOffice2022-05-012023-04-30 OC3754442022-04-30 OC375444core:WithinOneYear2023-04-30 OC375444core:WithinOneYear2022-04-30 OC375444core:AfterOneYear2023-04-30 OC375444core:AfterOneYear2022-04-30 OC375444core:RevaluationReserve2023-04-30 OC375444core:RevaluationReserve2022-04-30 OC375444core:RetainedEarningsAccumulatedLosses2023-04-30 OC375444core:RetainedEarningsAccumulatedLosses2022-04-30 OC375444business:SmallEntities2022-05-012023-04-30 OC375444core:LandBuildings2022-05-012023-04-30 OC375444core:PlantMachinery2022-05-012023-04-30 OC375444core:FurnitureFittings2022-05-012023-04-30 OC375444core:ComputerEquipment2022-05-012023-04-30 OC375444countries:EnglandWales2022-05-012023-04-30 OC375444core:IntangibleAssetsOtherThanGoodwill2022-04-30 OC375444core:IntangibleAssetsOtherThanGoodwill2023-04-30 OC375444core:IntangibleAssetsOtherThanGoodwill2022-05-012023-04-30 OC375444core:LandBuildings2022-04-30 OC375444core:PlantMachinery2022-04-30 OC375444core:MotorVehicles2022-04-30 OC375444core:FurnitureFittings2022-04-30 OC375444core:ComputerEquipment2022-04-30 OC375444core:MotorVehicles2022-05-012023-04-30 OC375444core:LandBuildings2023-04-30 OC375444core:PlantMachinery2023-04-30 OC375444core:MotorVehicles2023-04-30 OC375444core:FurnitureFittings2023-04-30 OC375444core:ComputerEquipment2023-04-30 OC375444core:WithinOneYear2022-05-012023-04-30 OC3754442021-05-012022-04-30 iso4217:GBP xbrli:pure
Registered No. OC375444 (England and Wales)
Bespoke Developments Ketton LLP Unaudited accounts for the year ended 30 April 2023
Bespoke Developments Ketton LLP LLP Information for the year ended 30 April 2023
Designated members
Mrs Angela Vaughan
Ms Faye Vaughan
Mr Lee Jay Vaughan
Mr Paul Vaughan
Registered Number
OC375444 (England and Wales)
Registered Office
UNIT 3F SHREWSBURY AVENUE PETERBOROUGH CAMBRIDGESHIRE PE2 7EY ENGLAND
Accountants
LeeP Accountants Unit 3F Forward Hs, Aston Business Park Shrewsbury Avenue, Woodston Peterborough Cambridgeshire PE2 7EY
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Chartered Accountants' report to the members on the preparation of the unaudited statutory financial statements of Bespoke Developments Ketton LLP for the year ended 30 April 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Bespoke Developments Ketton LLP for the year ended 30 April 2023 as set out on pages 4 - 8 from the LLP's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the members of Bespoke Developments Ketton LLP, as a body, in accordance with the terms of our engagement letter dated 23 November 2020. Our work has been undertaken solely to prepare for your approval the financial statements of Bespoke Developments Ketton LLP and state those matters that we have agreed to state to the members of Bespoke Developments Ketton LLP, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Bespoke Developments Ketton LLP and its members as a body for our work or for this report.
It is your duty to ensure that Bespoke Developments Ketton 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 Bespoke Developments Ketton LLP. You consider that Bespoke Developments Ketton LLP is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Bespoke Developments Ketton 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.
LeeP Accountants Chartered Accountants Unit 3F Forward Hs, Aston Business Park Shrewsbury Avenue, Woodston Peterborough Cambridgeshire PE2 7EY 12 March 2024
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Bespoke Developments Ketton LLP Statement of financial position as at 30 April 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
89 
356 
Tangible assets
1,766,319 
2,657,742 
1,766,408 
2,658,098 
Current assets
Debtors
37,172 
58,309 
Cash at bank and in hand
5,756 
39,465 
42,928 
97,774 
Creditors: amounts falling due within one year
(134,939)
(167,909)
Net current liabilities
(92,011)
(70,135)
Total assets less current liabilities
1,674,397 
2,587,963 
Creditors: amounts falling due after more than one year
(655,561)
(1,283,613)
Net assets attributable to members
1,018,836 
1,304,350 
Represented by:
Loans and other debts due to members
(85,595)
(52,543)
Members' other interests
Revaluation reserve
1,034,142 
1,312,282 
Other reserves
70,289 
44,611 
1,104,431 
1,356,893 
1,018,836 
1,304,350 
- 4 -
Bespoke Developments Ketton LLP Statement of financial position as at 30 April 2023 (continued)
Total members' interests
Loans and other debts due to members
(85,595)
(52,543)
Members' other interests
1,104,431 
1,356,893 
1,018,836 
1,304,350 
For the year ending 30 April 2023 the LLP was entitled to exemption under section 477 of the Companies Act 2006 (as applied to LLPs) relating to small LLPs.
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the members on 12 March 2024.
Mr Lee Jay Vaughan Designated member Limited Liability Partnership Registration No. OC375444
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Bespoke Developments Ketton LLP Notes to the Accounts for the year ended 30 April 2023
1
Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
10 years
Plant & machinery
4 years
Fixtures & fittings
5 years
Computer equipment
4 years
Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from bank and other third parties. Loans and borrowing are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised costs using the effective interest rate method, less impairment.
Leased assets
Where the LLP enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a 'finance lease'. The asset is recorded in the balance sheet as a tangible fixed asset and is depreciated over its estimated useful life or the term of the lease, whichever is shorter. Future instalments under such leases, net of finance charges, are included within creditors. Rentals payable are apportioned between the finance element, which is charged to the profit and loss account, and the capital element which reduces the outstanding obligation for future instalments. All other leases are accounted for as 'operating leases' and the rental charges are charged to the profit and loss account on a straight line basis over the life of the lease. Rents receivable on the freehold investment property under the terms of the operating lease are included in the profit and loss account on a receivable basis.
Government grants
Capital based government grants are included within accruals and deferred income in the balance sheet and credited to trading profit over the expected useful economic lives of the assets to which they relate.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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Bespoke Developments Ketton LLP Notes to the Accounts for the year ended 30 April 2023
2
Statutory information
Bespoke Developments Ketton LLP is a limited liability partnership, incorporated in England and Wales, registration number OC375444. Its registered office is UNIT 3F SHREWSBURY AVENUE, PETERBOROUGH, CAMBRIDGESHIRE, PE2 7EY, ENGLAND.
3
Intangible fixed assets
Other 
£ 
Cost
At 1 May 2022
800 
At 30 April 2023
800 
Amortisation
At 1 May 2022
444 
Charge for the year
267 
At 30 April 2023
711 
Net book value
At 30 April 2023
89 
At 30 April 2022
356 
Intangible Assets relate to investments into the business Website
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At cost 
At 1 May 2022
2,746,277 
270 
- 
18,362 
14,163 
2,779,072 
Additions
- 
- 
21,149 
- 
2,085 
23,234 
Revaluations
(278,140)
- 
- 
- 
- 
(278,140)
Disposals
(636,750)
- 
- 
- 
- 
(636,750)
At 30 April 2023
1,831,387 
270 
21,149 
18,362 
16,248 
1,887,416 
Depreciation
At 1 May 2022
96,197 
202 
- 
16,968 
7,963 
121,330 
Charge for the year
5,080 
68 
2,467 
697 
2,200 
10,512 
On disposals
(10,745)
- 
- 
- 
- 
(10,745)
At 30 April 2023
90,532 
270 
2,467 
17,665 
10,163 
121,097 
Net book value
At 30 April 2023
1,740,855 
- 
18,682 
697 
6,085 
1,766,319 
At 30 April 2022
2,650,080 
68 
- 
1,394 
6,200 
2,657,742 
In previous financial years, the land & buildings were revalued upwards by an aggregate value of £1.3M
- 7 -
Bespoke Developments Ketton LLP Notes to the Accounts for the year ended 30 April 2023
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
- 
13,448 
Trade creditors
39,136 
32,992 
Amounts owed to group undertakings and other participating interests
75,268 
75,268 
Taxes and social security costs
17,421 
12,133 
Other creditors
(64)
20,165 
Accruals
1,386 
1,341 
Deferred income
1,792 
12,562 
134,939 
167,909 
Creditors due within one year is comprised of trade creditors, rental deposits from tenants and amounts due to related parties
6
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
635,402 
1,283,613 
Other creditors
20,159 
- 
655,561 
1,283,613 
7
Loans and other debts due to members
2023 
2022 
£ 
£ 
Members' capital classified as a liability
132,735 
132,735 
Amounts due to members in respect of profits
(218,330)
(185,278)
(85,595)
(52,543)
Amounts falling due within one year
(85,595)
(52,543)
Loans and other debts due to members rank equally with debts due to other unsecured creditors in the event of a winding up.
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).
- 8 -