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REGISTERED NUMBER: OC403197 (England and Wales)








Unaudited Financial Statements

for the Period

1 January 2023 to 31 March 2024

for

Stag Properties Midlands LLP

Stag Properties Midlands LLP (Registered number: OC403197)






Contents of the Financial Statements
for the Period 1 January 2023 to 31 March 2024




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Stag Properties Midlands LLP

General Information
for the Period 1 January 2023 to 31 March 2024







DESIGNATED MEMBERS: G E Pargeter
P H Pargeter





REGISTERED OFFICE: Bays 1, 2 and 3
Rufford Road
Stourbridge
West Midlands
DY9 7NE





REGISTERED NUMBER: OC403197 (England and Wales)





ACCOUNTANTS: Nicklin Accountancy Services Limited
Church Court
Stourbridge Road
Halesowen
West Midlands
B63 3TT

Stag Properties Midlands LLP (Registered number: OC403197)

Balance Sheet
31 March 2024

2024 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 79,275 105,701

CURRENT ASSETS
Debtors - 8,391
Cash at bank 40,238 2,919
40,238 11,310
CREDITORS
Amounts falling due within one year 5 101,105 37,148
NET CURRENT LIABILITIES (60,867 ) (25,838 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

18,408

79,863

CREDITORS
Amounts falling due after more than one
year

6

-

79,863
NET ASSETS ATTRIBUTABLE TO
MEMBERS

18,408

-

LOANS AND OTHER DEBTS DUE TO
MEMBERS

7

18,408

-

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 7 18,408 -
Amounts due from members - (8,391 )
18,408 (8,391 )

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 period 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.

Stag Properties Midlands LLP (Registered number: OC403197)

Balance Sheet - continued
31 March 2024


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 24 July 2024 and were signed by:




G E Pargeter - Designated member




P H Pargeter - Designated member


Stag Properties Midlands LLP (Registered number: OC403197)

Notes to the Financial Statements
for the Period 1 January 2023 to 31 March 2024

1. STATUTORY INFORMATION

Stag Properties Midlands 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 - 25% on reducing balance

3. EMPLOYEE INFORMATION

The average number of employees during the period was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 March 2024 157,569
DEPRECIATION
At 1 January 2023 51,868
Charge for period 26,426
At 31 March 2024 78,294
NET BOOK VALUE
At 31 March 2024 79,275
At 31 December 2022 105,701

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2022
£    £   
Hire purchase contracts 76,430 13,731
Taxation and social security 2,028 796
Other creditors 22,647 22,621
101,105 37,148

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2022
£    £   
Hire purchase contracts - 79,863

Stag Properties Midlands LLP (Registered number: OC403197)

Notes to the Financial Statements - continued
for the Period 1 January 2023 to 31 March 2024

7. 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.

8. RELATED PARTY DISCLOSURES

The total balance due to related parties that the directors have an interest in amounted to £21,539 (2022: £21,539).