Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-04-01falseCommercial and domestic landscaping22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false OC443361 2023-04-01 2024-03-31 OC443361 2022-08-03 2023-03-31 OC443361 2024-03-31 OC443361 2023-03-31 OC443361 c:PlantMachinery 2023-04-01 2024-03-31 OC443361 c:PlantMachinery 2024-03-31 OC443361 c:PlantMachinery 2023-03-31 OC443361 c:PlantMachinery c:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 OC443361 c:MotorVehicles 2023-04-01 2024-03-31 OC443361 c:MotorVehicles 2024-03-31 OC443361 c:MotorVehicles 2023-03-31 OC443361 c:MotorVehicles c:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 OC443361 c:FurnitureFittings 2023-04-01 2024-03-31 OC443361 c:FurnitureFittings 2024-03-31 OC443361 c:FurnitureFittings 2023-03-31 OC443361 c:FurnitureFittings c:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 OC443361 c:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 OC443361 c:CurrentFinancialInstruments 2024-03-31 OC443361 c:CurrentFinancialInstruments 2023-03-31 OC443361 c:Non-currentFinancialInstruments 2024-03-31 OC443361 c:Non-currentFinancialInstruments 2023-03-31 OC443361 c:CurrentFinancialInstruments c:WithinOneYear 2024-03-31 OC443361 c:CurrentFinancialInstruments c:WithinOneYear 2023-03-31 OC443361 c:Non-currentFinancialInstruments c:AfterOneYear 2024-03-31 OC443361 c:Non-currentFinancialInstruments c:AfterOneYear 2023-03-31 OC443361 c:Non-currentFinancialInstruments c:BetweenOneTwoYears 2024-03-31 OC443361 c:Non-currentFinancialInstruments c:BetweenOneTwoYears 2023-03-31 OC443361 d:FRS102 2023-04-01 2024-03-31 OC443361 d:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 OC443361 d:FullAccounts 2023-04-01 2024-03-31 OC443361 d:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC443361 2 2023-04-01 2024-03-31 OC443361 d:PartnerLLP1 2023-04-01 2024-03-31 OC443361 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: OC443361









SMALLWOOD LANDSCAPING LLP







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
SMALLWOOD LANDSCAPING LLP
REGISTERED NUMBER: OC443361

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
  
59,642
-

  
59,642
-

Current assets
  

Debtors: amounts falling due within one year
 5 
6,526
-

Cash at bank and in hand
  
82,710
100

  
89,236
100

Creditors: Amounts Falling Due Within One Year
 7 
(22,016)
-

Net current assets
  
 
 
67,220
 
 
100

Creditors: amounts falling due after more than one year
 8 
(35,668)
-

  

Net assets
  
91,194
100


Represented by:
  

Loans and other debts due to members within one year
  

Other amounts
 10 
91,194
100

  

  
91,194
100


Total members' interests
  

Loans and other debts due to members
 10 
91,194
100

  
91,194
100


Page 1

 
SMALLWOOD LANDSCAPING LLP
REGISTERED NUMBER: OC443361
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small LLPs regime.

The entity was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, with respect to accounting records and the preparation of financial statements.

The financial statements have been delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The entity has opted not to file the statement of comprehensive income in accordance with the provisions applicable to entities subject to the small LLPs regime.

The financial statements were approved and authorised for issue by the members and were signed on their behalf on 4 August 2024.




K Hollands
Designated member

The notes on pages 4 to 8 form part of these financial statements.

Smallwood Landscaping LLP has no equity and, in accordance with the provisions contained within the Statement of Recommended Practice "Accounting by Limited Liability Partnerships", has not presented a Statement of changes in equity.

Page 2

 
SMALLWOOD LANDSCAPING LLP
 

RECONCILIATION OF MEMBERS' INTERESTS
FOR THE YEAR ENDED 31 MARCH 2024




DEBT
Loans and other debts due to members less any amounts due from members in debtors
Other amounts
Total

£
£

Amounts introduced by members
100
100

Amounts due to members
 
100
100

Members remuneration charged as an expense
89,810
89,810

Amounts introduced by members
210,503
210,503

Drawings on account and distribution of profit
 
(209,119)
(209,119)

Amounts due to members
 
91,194
91,194

Balance at 31 March 2024 
91,194
91,194

There are no existing restrictions or limitations which impact the ability of the members of the LLP to reduce the amount of Members' other interests.

Page 3

 
SMALLWOOD LANDSCAPING LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Smallwood Landscaping LLP is a Limited Liability Partnership ("LLP") incorporated in England and Wales. The address of the registered office is Meade Park, Sonning Lane, Sonning Reading, RG4 6ST.
The LLP was incorporated on 3 August 2022 and remained inactive until 31 March 2023. It began trading on 1 April 2023
The LLP undertakes commercial and domestic landscaping.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the LLP and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

 
2.3

Operating leases: the LLP as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.4

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.5

Interest income

Interest income is recognised in Statement of comprehensive income using the effective interest method.

 
2.6

Borrowing costs

All borrowing costs are recognised in Statement of comprehensive income in the year in which they are incurred.

Page 4

 
SMALLWOOD LANDSCAPING LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.7

Division and distribution of profits

A division of profits is the mechanism by which the profits of an LLP become a debt due to members. A division may be automatic or discretionary, may relate to some or all of the profits for a financial period and may take place during or after the end of a financial period.

An automatic division of profits is one where the LLP does not have an unconditional right to avoid making a division of an amount of profits based on the members' agreement in force at the time, whereas a discretionary division of profits requires a decision to be made by the LLP, which it has the unconditional right to avoid making.

The LLP divides profits automatically. Automatic divisions of profits are recognised as 'Members' remuneration charged as an expense in .

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant & machinery
-
Between 2 - 10 years
Motor vehicles
-
5 years
Fixtures & fittings
-
Between 3 - 5 years

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 5

 
SMALLWOOD LANDSCAPING LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

3.


Employees

The average monthly number of employees, including directors, during the period was 2 (2023 - 2).


4.


Tangible fixed assets





Plant & machinery
Motor vehicles
Fixtures & fittings
Total

£
£
£
£



Cost or valuation


Additions
41,526
36,213
1,471
79,210



At 31 March 2024

41,526
36,213
1,471
79,210



Depreciation


Charge for the year on owned assets
10,894
8,360
314
19,568



At 31 March 2024

10,894
8,360
314
19,568



Net book value



At 31 March 2024
30,632
27,853
1,157
59,642



At 31 March 2023
-
-
-
-


5.


Debtors

2024
2023
£
£


Trade debtors
576
-

Other debtors
5,950
-

6,526
-


Page 6

 
SMALLWOOD LANDSCAPING LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
82,710
100

82,710
100



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
10,528
-

Other taxation and social security
11,488
-

22,016
-



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Other loans
35,668
-

35,668
-



9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£


Amounts falling due 1-2 years

Other loans
35,668
-


35,668
-



35,668
-


Page 7

 
SMALLWOOD LANDSCAPING LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

10.


Loans and other debts due to members


2024
2023
£
£



Other amounts due to members
91,194
100

91,194
100

Loans and other debts due to members rank equally with debts due to ordinary creditors in the event of a winding up.



 
Page 8