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Unaudited Financial Statements

for the Period 1 December 2023 to 5 April 2024

for

The Stewart Family LLP

The Stewart Family LLP (Registered number: OC434409)






Contents of the Financial Statements
for the Period 1 December 2023 to 5 April 2024




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


The Stewart Family LLP

General Information
for the Period 1 December 2023 to 5 April 2024







DESIGNATED MEMBERS: R G A Stewart
Mrs B A Stewart





REGISTERED OFFICE: 50 Parkholme Road
London
E8 3AQ





REGISTERED NUMBER: OC434409 (England and Wales)





ACCOUNTANTS: Michael Letch & Partners LLP
Accountants
146 High Street
Billericay
Essex
CM12 9DF

The Stewart Family LLP (Registered number: OC434409)

Balance Sheet
5 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 755,060 755,060

CURRENT ASSETS
Debtors 5 27,486 6,024
Cash at bank 24,613 24,147
52,099 30,171
CREDITORS
Amounts falling due within one year 6 28,618 16,573
NET CURRENT ASSETS 23,481 13,598
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

778,541

768,658

LOANS AND OTHER DEBTS DUE TO
MEMBERS

7

778,541

768,658

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 7 778,541 768,658
Amounts due from members 5 (23,246 ) (6,024 )
755,295 762,634

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 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 Stewart Family LLP (Registered number: OC434409)

Balance Sheet - continued
5 April 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 30 August 2024 and were signed by:





R G A Stewart - Designated member

The Stewart Family LLP (Registered number: OC434409)

Notes to the Financial Statements
for the Period 1 December 2023 to 5 April 2024

1. STATUTORY INFORMATION

The Stewart Family 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents the rental income receivable for the period.

3. EMPLOYEE INFORMATION

The average number of employees during the period was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST OR VALUATION
At 1 December 2023
and 5 April 2024 755,060
NET BOOK VALUE
At 5 April 2024 755,060
At 30 November 2023 755,060

Freehold property consists of the following interests remaining in The Stewart Family LLP, following disposals made to the Stewart Family Discretionary Trust on 31st October 2023:


£   
Unit 1A Shelford Place343,000
Unit 1D Shelford Place 412,060
Total755,060

Cost or valuation at 5 April 2024 is represented by:

Land and
buildings
£   
Valuation in 2023 (282,640 )
Cost 1,037,700
755,060

The Stewart Family LLP (Registered number: OC434409)

Notes to the Financial Statements - continued
for the Period 1 December 2023 to 5 April 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts due from members 23,246 6,024
Prepayments 4,240 -
27,486 6,024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 25,738 11,773
Accrued expenses 2,880 4,800
28,618 16,573

7. LOANS AND OTHER DEBTS DUE TO MEMBERS
2024 2023
£    £   
Amounts owed to members in respect of profits 23,481 13,598
Property capital accounts 755,060 755,060
778,541 768,658

Falling due within one year 778,541 768,658

Loans and other debts to members are not preferential to any other creditors.