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REGISTERED NUMBER: OC331838 (England and Wales)















Report of the Members and

Financial Statements for the Year Ended 1 October 2023

for

Swann Construction (UK) LLP

Swann Construction (UK) LLP (Registered number: OC331838)






Contents of the Financial Statements
for the Year Ended 1 October 2023




Page

General Information 1

Report of the Members 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 6


Swann Construction (UK) LLP

General Information
for the Year Ended 1 October 2023







DESIGNATED MEMBERS: G R Swann
Swann Construction Co Limited
G E A Swann
C W E Swann





REGISTERED OFFICE: Staplehurst Lodge
Staplehurst Road
Sittingbourne
ME10 1XP





REGISTERED NUMBER: OC331838 (England and Wales)





ACCOUNTANTS: ALM
Certified Accountants
Kristale House
Bracklyn Avenue,
East Grinstead
West Sussex
RH19 2LW

Swann Construction (UK) LLP (Registered number: OC331838)

Report of the Members
for the Year Ended 1 October 2023

The members present their report with the financial statements of the LLP for the year ended 1 October 2023.

PRINCIPAL ACTIVITY
The principal activity of the LLP in the year under review was that of managing commercial properties.

DESIGNATED MEMBERS
The designated members during the year under review were:

G R Swann
Swann Construction Co Limited
G E A Swann
C W E Swann

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS
The profit for the year before members' remuneration and profit shares was £152,253 (2022 - £128,461 profit).

MEMBERS' INTERESTS

ON BEHALF OF THE MEMBERS:





G R Swann - Designated member


25 March 2024

Swann Construction (UK) LLP (Registered number: OC331838)

Income Statement
for the Year Ended 1 October 2023

1.10.23 1.10.22
Notes £    £   

TURNOVER 184,080 160,360

Administrative expenses 33,431 31,805
OPERATING PROFIT 4 150,649 128,555

Interest receivable and similar income 1,734 38
152,383 128,593

Interest payable and similar expenses 130 132
PROFIT FOR THE FINANCIAL YEAR
BEFORE MEMBERS' REMUNERATION
AND PROFIT SHARES


152,253


128,461

PROFIT FOR THE FINANCIAL YEAR
BEFORE MEMBERS' REMUNERATION
AND PROFIT SHARES


152,253


128,461

Members' remuneration charged as an
expense

5

(152,253

)

(128,461

)
PROFIT FOR THE FINANCIAL YEAR
AVAILABLE FOR DISCRETIONARY
DIVISION AMONG MEMBERS


-


-

Swann Construction (UK) LLP (Registered number: OC331838)

Balance Sheet
1 October 2023

1.10.23 1.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 6 1,425,267 1,429,274

CURRENT ASSETS
Prepayments and accrued income 5,290 4,579
Cash at bank 345,186 348,766
350,476 353,345
CREDITORS
Amounts falling due within one year 7 20,126 22,040
NET CURRENT ASSETS 330,350 331,305
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

1,755,617

1,760,579

LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

177,002

181,964

MEMBERS' OTHER INTERESTS
Capital accounts 1,578,615 1,578,615
1,755,617 1,760,579

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 177,002 181,964
Members' other interests 1,578,615 1,578,615
1,755,617 1,760,579

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 1 October 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.

Swann Construction (UK) LLP (Registered number: OC331838)

Balance Sheet - continued
1 October 2023


The financial statements have been prepared in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The financial statements were approved by the members of the LLP and authorised for issue on 25 March 2024 and were signed by:





G R Swann - Designated member

Swann Construction (UK) LLP (Registered number: OC331838)

Notes to the Financial Statements
for the Year Ended 1 October 2023

1. STATUTORY INFORMATION

Swann Construction (UK) 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 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.

3. EMPLOYEE INFORMATION

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

4. OPERATING PROFIT

The operating profit is stated after charging:

1.10.23 1.10.22
£    £   
Depreciation - owned assets 4,007 4,010

5. INFORMATION IN RELATION TO MEMBERS
1.10.23 1.10.22
£    £   
Members' remuneration charged as an expense
Automatic division of profit 152,253 128,461

Swann Construction (UK) LLP (Registered number: OC331838)

Notes to the Financial Statements - continued
for the Year Ended 1 October 2023

6. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 2 October 2022
and 1 October 2023 1,383,614 55,173 1,438,787
DEPRECIATION
At 2 October 2022 - 9,513 9,513
Charge for year - 4,007 4,007
At 1 October 2023 - 13,520 13,520
NET BOOK VALUE
At 1 October 2023 1,383,614 41,653 1,425,267
At 1 October 2022 1,383,614 45,660 1,429,274

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
1.10.23 1.10.22
£    £   
Trade creditors 1 -
Other creditors 20,125 22,040
20,126 22,040

8. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank equally with debts due to unsecured creditors in the event of a winding up.

There is no provision for specific legally enforceable protection afforded to creditors in such an event.

There are no restrictions or limitations on the ability of the members to reduce the amount of members' total interests.