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REGISTERED NUMBER: OC309094 (England and Wales)















Unaudited Financial Statements

for the Period 1 January 2023 to 31 March 2024

for

Daisy Properties Limited Liability
Partnership

Daisy Properties Limited Liability
Partnership (Registered number: OC309094)






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


Daisy Properties Limited Liability
Partnership

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







DESIGNATED MEMBERS: S Knight
Mrs S J Knight





REGISTERED OFFICE: Hillside Court
Canon Pyon
Hereford
Herefordshire
HR4 8PD





REGISTERED NUMBER: OC309094 (England and Wales)





ACCOUNTANTS: Pareto Tax & Wealth LLP
The Old Schoolhouse,
5-7 Byrom Street,
Manchester
M3 4PF

Daisy Properties Limited Liability
Partnership (Registered number: OC309094)

Balance Sheet
31 March 2024

31.3.24 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,442 3,552
Investment property 5 4,094,042 3,161,125
4,096,484 3,164,677

CURRENT ASSETS
Debtors 6 - 3,803
Cash at bank 219,962 255,982
219,962 259,785
CREDITORS
Amounts falling due within one year 7 69,747 52,226
NET CURRENT ASSETS 150,215 207,559
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

4,246,699

3,372,236

LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

4,053,961

3,179,498

MEMBERS' OTHER INTERESTS
Capital accounts 100 100
Revaluation reserve 9 192,638 192,638
4,246,699 3,372,236

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 4,053,961 3,179,498
Members' other interests 192,738 192,738
4,246,699 3,372,236

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.

Daisy Properties Limited Liability
Partnership (Registered number: OC309094)

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 11 September 2024 and were signed by:





S Knight - Designated member

Daisy Properties Limited Liability
Partnership (Registered number: OC309094)

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

1. STATUTORY INFORMATION

Daisy Properties Limited Liability Partnership 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 represents rents receivable, excluding value added tax.

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 - 25% on reducing balance
Computer equipment - 25% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

3. EMPLOYEE INFORMATION

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

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 January 2023
and 31 March 2024 35,796 3,387 39,183
DEPRECIATION
At 1 January 2023 32,760 2,871 35,631
Charge for period 949 161 1,110
At 31 March 2024 33,709 3,032 36,741
NET BOOK VALUE
At 31 March 2024 2,087 355 2,442
At 31 December 2022 3,036 516 3,552

Daisy Properties Limited Liability
Partnership (Registered number: OC309094)

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

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023 3,161,125
Additions 932,917
At 31 March 2024 4,094,042
NET BOOK VALUE
At 31 March 2024 4,094,042
At 31 December 2022 3,161,125

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.12.22
£    £   
Other debtors - 3,803

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.12.22
£    £   
VAT 10,785 8,208
Other creditors 18,750 18,750
Accruals and deferred income 40,212 25,268
69,747 52,226

8. LOANS AND OTHER DEBTS DUE TO MEMBERS

Members only take drawings where cash is available and other creditors are not adversely affected.

9. RESERVES
Revaluation
reserve
£   
At 1 January 2023
and 31 March 2024 192,638

10. ULTIMATE CONTROLLING PARTY

The LLP is controlled by the designated members.