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REGISTERED NUMBER: OC396176 (England and Wales)









Unaudited Financial Statements

for the Year Ended 30 October 2023

for

Silk Park (Gel) South LLP

Silk Park (Gel) South LLP (Registered number: OC396176)






Contents of the Financial Statements
for the Year Ended 30 October 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


Silk Park (Gel) South LLP (Registered number: OC396176)

Balance Sheet
30 October 2023

30.10.23 30.10.22
Notes £    £   
CURRENT ASSETS
Cash at bank 17,824 295,777

CREDITORS
Amounts falling due within one year 4 (1,137 ) (270,985 )
NET CURRENT ASSETS 16,687 24,792
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO MEMBERS 16,687 24,792

LOANS AND OTHER DEBTS DUE TO
MEMBERS

5

14,361

22,466

MEMBERS' OTHER INTERESTS
Capital accounts 2,326 2,326
16,687 24,792

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 5 14,361 22,466
Members' other interests 2,326 2,326
16,687 24,792

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 30 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.

Silk Park (Gel) South LLP (Registered number: OC396176)

Balance Sheet - continued
30 October 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 15 May 2024 and were signed by:





Mr B Dean - Designated member

Silk Park (Gel) South LLP (Registered number: OC396176)

Notes to the Financial Statements
for the Year Ended 30 October 2023

1. STATUTORY INFORMATION

Silk Park (Gel) South LLP is registered in England and Wales. The LLP's registered number and registered office address are as below:

Registered number: OC396176

Registered office: 54 Blundies Lane
Enville
Stourbridge
DY7 5HP

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, net of VAT and trade discounts.

When the outcome of a transaction can be estimated reliably, turnover from services is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to finalisation of work completed.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

3. EMPLOYEE INFORMATION

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

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.10.23 30.10.22
£    £   
VAT 27 269,325
Accrued expenses 1,110 1,660
1,137 270,985

5. LOANS AND OTHER DEBTS DUE TO MEMBERS

loans and other debts due to members are unsecured and would rank pari passu with other unsecured creditors in the event of a winding up.