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REGISTERED NUMBER: OC418854 (England and Wales)















Report of the Members and

Unaudited Financial Statements for the Year Ended 31 December 2023

for

Noonan Residential LLP

Noonan Residential LLP (Registered number: OC418854)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

General Information 1

Report of the Members 2

Chartered Accountants' Report 3

Income Statement 4

Balance Sheet 5

Notes to the Financial Statements 7


Noonan Residential LLP

General Information
for the Year Ended 31 December 2023







DESIGNATED MEMBERS: Joanne Noonan Limited
M A Everett





REGISTERED OFFICE: 147a High Street
Waltham Cross
United Kingdom
Hertfordshire
EN8 7AP





REGISTERED NUMBER: OC418854 (England and Wales)





ACCOUNTANTS: Thickbroom Coventry Limited
Chartered Accountants
147a High Street
Waltham Cross
Hertfordshire
EN8 7AP

Noonan Residential LLP (Registered number: OC418854)

Report of the Members
for the Year Ended 31 December 2023

The members present their report with the financial statements of the LLP for the year ended 31 December 2023.

PRINCIPAL ACTIVITY
The principal activity of the LLP in the year under review was that of management of real estate on a fee or contract basis.

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

Joanne Noonan Limited
M A Everett

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS
The profit for the year before members' remuneration and profit shares was £116,516 (2022 - £111,869 profit).

MEMBERS' INTERESTS

ON BEHALF OF THE MEMBERS:





Joanne Noonan Limited - Designated member


27 August 2024

Chartered Accountants' Report to the Members
on the Unaudited Financial Statements of
Noonan Residential LLP


In order to assist you to fulfil your duties under the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, we have prepared for your approval the financial statements of Noonan Residential LLP for the year ended 31 December 2023 which comprise the Income Statement, Balance Sheet and the related notes from the LLP's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the members of Noonan Residential LLP, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Noonan Residential LLP and state those matters that we have agreed to state to the members of Noonan Residential LLP, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Noonan Residential LLP and its members, as a body, for our work or for this report.

It is your duty to ensure that Noonan Residential LLP has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Noonan Residential LLP. You consider that Noonan Residential LLP is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Noonan Residential LLP. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Thickbroom Coventry Limited
Chartered Accountants
147a High Street
Waltham Cross
Hertfordshire
EN8 7AP


27 August 2024

Noonan Residential LLP (Registered number: OC418854)

Income Statement
for the Year Ended 31 December 2023

2023 2022
Notes £    £   

TURNOVER 395,863 355,554

Cost of sales 39,759 26,496
GROSS PROFIT 356,104 329,058

Administrative expenses 234,362 208,291
OPERATING PROFIT 4 121,742 120,767

Interest receivable and similar
income

376

-
122,118 120,767

Interest payable and similar
expenses

5,602

8,898
PROFIT FOR THE FINANCIAL YEAR
BEFORE MEMBERS'
REMUNERATION AND PROFIT
SHARES AVAILABLE FOR
DISCRETIONARY DIVISION
AMONG MEMBERS





116,516





111,869

Noonan Residential LLP (Registered number: OC418854)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 19,774 1,681

CURRENT ASSETS
Debtors 6 21,956 54,558
Cash at bank 54,453 39,959
76,409 94,517
CREDITORS
Amounts falling due within one year 7 96,183 87,300
NET CURRENT (LIABILITIES)/ASSETS (19,774 ) 7,217
TOTAL ASSETS LESS CURRENT
LIABILITIES

-

8,898

CREDITORS
Amounts falling due after more than
one year

8

-

8,898
NET LIABILITIES ATTRIBUTABLE
TO MEMBERS

-

-

LOANS AND OTHER DEBTS DUE TO
MEMBERS

-

-

TOTAL MEMBERS' INTERESTS
Amounts due from members 6 (5,595 ) (47,693 )

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 December 2023.

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.

Noonan Residential LLP (Registered number: OC418854)

Balance Sheet - continued
31 December 2023


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 27 August 2024 and were signed by:




Joanne Noonan Limited - Designated member




M A Everett - Designated member


Noonan Residential LLP (Registered number: OC418854)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Noonan Residential 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

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.

Pension costs and other post-retirement benefits
The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 6 (2022 - 6 ) .

4. OPERATING PROFIT

The operating profit is stated after charging:

2023 2022
£    £   
Depreciation - owned assets 1,663 1,525

Noonan Residential LLP (Registered number: OC418854)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023 - 9,115 9,115
Additions 18,393 1,363 19,756
At 31 December 2023 18,393 10,478 28,871
DEPRECIATION
At 1 January 2023 - 7,434 7,434
Charge for year - 1,663 1,663
At 31 December 2023 - 9,097 9,097
NET BOOK VALUE
At 31 December 2023 18,393 1,381 19,774
At 31 December 2022 - 1,681 1,681

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 2,720 1,851
Other debtors 19,236 52,707
21,956 54,558

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 26,680
Trade creditors - 4,115
Taxation and social security 22,621 22,137
Other creditors 73,562 34,368
96,183 87,300

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans - 8,898