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REGISTERED NUMBER: OC435112 (England and Wales)





UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024

FOR

LR STRATEGIES LLP

LR STRATEGIES LLP (REGISTERED NUMBER: OC435112)

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










Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LR STRATEGIES LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DESIGNATED MEMBERS: A E Law
Baron M J H Roborough
G D B Stucley





REGISTERED OFFICE: 25 St Thomas Street
Winchester
Hampshire
SO23 9HJ





REGISTERED NUMBER: OC435112 (England and Wales)





ACCOUNTANTS: Martin and Company
25 St Thomas Street
Winchester
Hampshire
SO23 9HJ

LR STRATEGIES LLP (REGISTERED NUMBER: OC435112)

BALANCE SHEET
31ST MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 15,405 15,405
Tangible assets 5 7,320,799 7,320,799
7,336,204 7,336,204

CURRENT ASSETS
Debtors 6 12,129 8,684
Cash at bank 59,073 420,128
71,202 428,812
CREDITORS
Amounts falling due within one year 7 12,581 3,500
NET CURRENT ASSETS 58,621 425,312
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

7,394,825

7,761,516

LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

123,311

207,510

MEMBERS' OTHER INTERESTS
Capital accounts 7,271,514 7,554,006
7,394,825 7,761,516

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 123,311 207,510
Members' other interests 7,271,514 7,554,006
7,394,825 7,761,516

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 31st 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.

LR STRATEGIES LLP (REGISTERED NUMBER: OC435112)

BALANCE SHEET - continued
31ST 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 16th August 2024 and were signed by:





Baron M J H Roborough - Designated member

LR STRATEGIES LLP (REGISTERED NUMBER: OC435112)

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


1. STATUTORY INFORMATION

LR Strategies 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 and income
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Rent receivable is recognised in the period to which it relates. Any amounts received in advance are deferred and released in the appropriate period.

Intangible assets
Basic payment scheme entitlements are measured at cost.

Tangible fixed assets
Tangible fixed asset are held at cost.

The value of freehold buildings is not separately identified from land on the LLP's in-hand forestry and farming properties, as this is not considered to provide any additional value to the members. No depreciation is therefore provided in respect of these buildings.

3. EMPLOYEE INFORMATION

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

4. INTANGIBLE FIXED ASSETS
Entitlements
£   
COST
At 1st April 2023
and 31st March 2024 15,405
NET BOOK VALUE
At 31st March 2024 15,405
At 31st March 2023 15,405

LR STRATEGIES LLP (REGISTERED NUMBER: OC435112)

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


5. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
At 1st April 2023
and 31st March 2024 7,320,799
NET BOOK VALUE
At 31st March 2024 7,320,799
At 31st March 2023 7,320,799

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 7,500 5,000
VAT 1,861 1,238
Prepayments 2,768 2,446
12,129 8,684

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 9,581 -
Accrued expenses 3,000 3,500
12,581 3,500

8. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank equally with debts due to ordinary creditors on winding up.