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REGISTERED NUMBER: OC397012 (England and Wales)





















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2024

FOR

WULSTAN CAPITAL (DONCASTER) LLP

WULSTAN CAPITAL (DONCASTER) LLP (REGISTERED NUMBER: OC397012)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 5 April 2024




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WULSTAN CAPITAL (DONCASTER) LLP

GENERAL INFORMATION
for the year ended 5 April 2024







DESIGNATED MEMBERS: R E Jones
I Martin





REGISTERED OFFICE: One Eastwood
Harry Weston Road
Binley Business Park
Coventry
CV3 2UB





REGISTERED NUMBER: OC397012 (England and Wales)





ACCOUNTANTS: Dafferns LLP
Chartered Accountants
One Eastwood
Harry Weston Road
Binley Business Park
Coventry
CV3 2UB

WULSTAN CAPITAL (DONCASTER) LLP (REGISTERED NUMBER: OC397012)

BALANCE SHEET
5 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,575,000 1,425,000

CURRENT ASSETS
Debtors 5 20,679 17,679
Cash at bank 12,234 13,253
32,913 30,932
CREDITORS
Amounts falling due within one year 6 38,776 31,179
NET CURRENT LIABILITIES (5,863 ) (247 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,569,137

1,424,753

CREDITORS
Amounts falling due after more than one
year

7

367,234

364,500
NET ASSETS ATTRIBUTABLE TO
MEMBERS

1,201,903

1,060,253

WULSTAN CAPITAL (DONCASTER) LLP (REGISTERED NUMBER: OC397012)

BALANCE SHEET - continued
5 April 2024

2024 2023
Notes £    £    £    £   
LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

13,257

16,306

MEMBERS' OTHER INTERESTS
Capital accounts 420,000 420,000
Revaluation reserve 9 768,646 623,947
1,201,903 1,060,253

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 13,257 16,306
Members' other interests 1,188,646 1,043,947
1,201,903 1,060,253

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 5 April 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 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 18 July 2024 and were signed by:





R E Jones - Designated member

WULSTAN CAPITAL (DONCASTER) LLP (REGISTERED NUMBER: OC397012)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 5 April 2024

1. STATUTORY INFORMATION

Wulstan Capital (Doncaster) LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the income statement.

3. EMPLOYEE INFORMATION

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 6 April 2023 1,425,000
Additions 5,301
Revaluations 144,699
At 5 April 2024 1,575,000
NET BOOK VALUE
At 5 April 2024 1,575,000
At 5 April 2023 1,425,000

Fair value at 5 April 2024 is represented by:
£   
Valuation in 2018 417,098
Valuation in 2020 86,350
Valuation in 2021 120,500
Valuation in 2024 144,699
Cost 806,353
1,575,000

WULSTAN CAPITAL (DONCASTER) LLP (REGISTERED NUMBER: OC397012)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 5 April 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 5,678 4,794
Other debtors 15,001 12,885
20,679 17,679

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 4,648 4,267
Other creditors 34,128 26,912
38,776 31,179

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 367,234 364,500

8. 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 such restrictions or limitations existing on the ability of the members to reduce the amount of 'Members ' other interests'.

9. RESERVES
Revaluation
reserve
£   
At 6 April 2023 623,947
Revaluation during the year 144,699
At 5 April 2024 768,646