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REGISTERED NUMBER: OC419439 (England and Wales)




REPORT OF THE MEMBERS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

OAKLEY (MARCH PROJECTS) LLP

OAKLEY (MARCH PROJECTS) LLP (REGISTERED NUMBER: OC419439)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 29 February 2024




Page

General Information 1

Report of the Members 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 6


OAKLEY (MARCH PROJECTS) LLP

GENERAL INFORMATION
for the year ended 29 February 2024







DESIGNATED MEMBERS: March Projects Limited
Porter Yorke Ltd





REGISTERED OFFICE: Takoradi
Eydon
Daventry
Northamptonshire
NN11 3QE





REGISTERED NUMBER: OC419439 (England and Wales)





ACCOUNTANTS: LDP Luckmans
1110 Elliott Court
Coventry Business Park
Herald Avenue
Coventry
West Midlands
CV5 6UB

OAKLEY (MARCH PROJECTS) LLP (REGISTERED NUMBER: OC419439)

REPORT OF THE MEMBERS
for the year ended 29 February 2024

The members present their report with the financial statements of the LLP for the year ended 29 February 2024.

PRINCIPAL ACTIVITY
The principal activity of the LLP in the year under review was that of property development.

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

March Projects Limited
Porter Yorke Ltd

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS
The loss for the year before members' remuneration and profit shares was £1,177 (2023 - £162,737 profit).

MEMBERS' INTERESTS

ON BEHALF OF THE MEMBERS:





Porter Yorke Ltd - Designated member


24 July 2024

OAKLEY (MARCH PROJECTS) LLP (REGISTERED NUMBER: OC419439)

INCOME STATEMENT
for the year ended 29 February 2024

2024 2023
£    £   

TURNOVER - 1,465,000

Cost of sales - 1,293,170
GROSS PROFIT - 171,830

Administrative expenses 705 1,324
OPERATING (LOSS)/PROFIT (705 ) 170,506


Interest payable and similar expenses 472 7,769
(LOSS)/PROFIT FOR THE FINANCIAL
YEAR BEFORE MEMBERS'
REMUNERATION AND PROFIT SHARES
AVAILABLE FOR DISCRETIONARY
DIVISION AMONG MEMBERS




(1,177




)




162,737

OAKLEY (MARCH PROJECTS) LLP (REGISTERED NUMBER: OC419439)

BALANCE SHEET
29 February 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 4 27,892 31,931
Cash at bank 190 4,392
28,082 36,323
CREDITORS
Amounts falling due within one year 5 460 12,156
NET CURRENT ASSETS 27,622 24,167
TOTAL ASSETS LESS CURRENT
LIABILITIES

27,622

24,167

CREDITORS
Amounts falling due after more than one
year

6

-

24,167
NET ASSETS ATTRIBUTABLE TO
MEMBERS

27,622

-

LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

27,622

-

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 27,622 -
Amounts due from members 4 (27,890 ) (31,931 )
(268 ) (31,931 )

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 29 February 2024.

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.

OAKLEY (MARCH PROJECTS) LLP (REGISTERED NUMBER: OC419439)

BALANCE SHEET - continued
29 February 2024


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 24 July 2024 and were signed by:





Porter Yorke Ltd - Designated member

OAKLEY (MARCH PROJECTS) LLP (REGISTERED NUMBER: OC419439)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 29 February 2024

1. STATUTORY INFORMATION

Oakley (March Projects) 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.

3. EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2023 - NIL).

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 27,892 31,931

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 10,000
Taxation and social security - 256
Other creditors 460 1,900
460 12,156

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 24,167

7. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans - 34,167

OAKLEY (MARCH PROJECTS) LLP (REGISTERED NUMBER: OC419439)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 29 February 2024

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’ other interests.