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REGISTERED NUMBER: OC413162 (England and Wales)















REPORT OF THE MEMBERS AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

DERRYDOWN ESTATES LLP

DERRYDOWN ESTATES LLP (REGISTERED NUMBER: OC413162)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

General Information 1

Report of the Members 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 5


DERRYDOWN ESTATES LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DESIGNATED MEMBERS: F Barry-Walsh
P Barry-Walsh





REGISTERED OFFICE: The Stables
23b Lenten Street
Alton
Hampshire
GU34 1HG





REGISTERED NUMBER: OC413162 (England and Wales)





ACCOUNTANTS: LFM
Chartered Certified Accountants
The Stables
23b Lenten Street
Alton
Hampshire
GU34 1HG

DERRYDOWN ESTATES LLP (REGISTERED NUMBER: OC413162)

REPORT OF THE MEMBERS
FOR THE YEAR ENDED 31 MARCH 2024

The members present their report with the financial statements of the LLP for the year ended 31 March 2024.

PRINCIPAL ACTIVITY
The principal activity of the LLP in the year under review was that of the provision of livery services.

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

F Barry-Walsh
P Barry-Walsh

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS
The loss for the year before members' remuneration and profit shares was £74,202 (2023 - £46,346 loss).

MEMBERS' INTERESTS
The members participate fully in the firm's profit, share the risks and subscribe the firms capital. Profits are allocated in full and there is transparency amongst the members of the total income allocated to each individual. Member's profit shares comprise a fixed percentage.

An individual member's capital requirement is linked to his share of profit and the financing requirement of the firm. There is no opportunity for appreciation of the capital subscribed. On retirement, capital is repaid to the members.

The firm's drawings policy allows each member to draw a proportion of their profit in twelve monthly instalments with the balance of their profits paid after each year end. All payments are made subject to the cash requirements of the business.

ON BEHALF OF THE MEMBERS:





F Barry-Walsh - Designated member


31 July 2024

DERRYDOWN ESTATES LLP (REGISTERED NUMBER: OC413162)

INCOME STATEMENT
FOR THE YEAR ENDED 31 MARCH 2024

2024 2023
Notes £    £   

TURNOVER 23,448 24,309

Cost of sales 19,637 22,749
GROSS PROFIT 3,811 1,560

Administrative expenses 78,013 47,614
OPERATING LOSS 4 (74,202 ) (46,054 )


Interest payable and similar expenses - 292
LOSS FOR THE FINANCIAL YEAR
BEFORE MEMBERS' REMUNERATION
AND PROFIT SHARES AVAILABLE FOR
DISCRETIONARY DIVISION AMONG
MEMBERS




(74,202




)




(46,346




)

DERRYDOWN ESTATES LLP (REGISTERED NUMBER: OC413162)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 267,859 292,272

CURRENT ASSETS
Debtors 6 802 175
Cash at bank 4,501 3,306
5,303 3,481
CREDITORS
Amounts falling due within one year 7 5,114 1,544
NET CURRENT ASSETS 189 1,937
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

268,048

294,209

LOANS AND OTHER DEBTS DUE TO
MEMBERS

9

268,048

294,209

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 9 268,048 294,209

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 March 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.

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 31 July 2024 and were signed by:



P Barry-Walsh - Designated member

DERRYDOWN ESTATES LLP (REGISTERED NUMBER: OC413162)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Derrydown Estates 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.
Plant and machinery etc - 20% straight line, 20% on reducing balance, 10% straight line and 5% straight line

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 1 (2023 - NIL ) .

4. OPERATING LOSS

The operating loss is stated after charging:

2024 2023
£    £   
Depreciation - owned assets 37,026 36,429

DERRYDOWN ESTATES LLP (REGISTERED NUMBER: OC413162)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 410,091
Additions 12,613
At 31 March 2024 422,704
DEPRECIATION
At 1 April 2023 117,819
Charge for year 37,026
At 31 March 2024 154,845
NET BOOK VALUE
At 31 March 2024 267,859
At 31 March 2023 292,272

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 802 175

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 524 -
Taxation and social security 3,160 19
Other creditors 1,430 1,525
5,114 1,544

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 1,995 -
Between one and five years 1,496 -
3,491 -

DERRYDOWN ESTATES LLP (REGISTERED NUMBER: OC413162)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

9. LOANS AND OTHER DEBTS DUE TO MEMBERS

In the event of winding up, amounts in "Loans and other debts due to members" (other than members' capital classified as debt) would rank pari passu with other creditors who are unsecured. There is no protection afforded to creditors in such an event which is legally enforceable and cannot be revoked solely by a decision of the members.

There are no restrictions or limitations existing on the ability of the members to reduce the amount of "Members other interests".