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REGISTERED NUMBER: OC350517 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2023

FOR

GHYLL FOLD DEVELOPMENTS LLP

GHYLL FOLD DEVELOPMENTS LLP (REGISTERED NUMBER: OC350517)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023










Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 3


GHYLL FOLD DEVELOPMENTS LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2023







DESIGNATED MEMBERS: G Sedgwick
L M Sedgwick



REGISTERED OFFICE: Ghyll Fold House
Gill Lane
Nether Yeadon
Leeds
LS19 7DG



REGISTERED NUMBER: OC350517 (England and Wales)



ACCOUNTANTS: Thomas Coombs Limited
Chartered Accountants
3365 The Pentagon
Century Way
Thorpe Park
Leeds
West Yorkshire
LS15 8ZB



BANKERS: HSBC Bank plc
Queen Street
Morley
Leeds
West Yorkshire
LS27 8DY

GHYLL FOLD DEVELOPMENTS LLP (REGISTERED NUMBER: OC350517)

BALANCE SHEET
31ST DECEMBER 2023

2023 2022
Notes £    £   

CREDITORS
Amounts falling due within one year 4 338 338
NET CURRENT LIABILITIES (338 ) (338 )
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET LIABILITIES ATTRIBUTABLE TO MEMBERS (338 ) (338 )

LOANS AND OTHER DEBTS DUE TO MEMBERS 5 (338 ) (338 )

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 5 (338 ) (338 )

The LLP is entitled to exemption from audit under Section 480 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 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.

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 27th March 2024 and were signed by:




G Sedgwick - Designated member




L M Sedgwick - Designated member


GHYLL FOLD DEVELOPMENTS LLP (REGISTERED NUMBER: OC350517)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023


1. STATUTORY INFORMATION

Ghyll Fold Developments LLP is a Limited Liability Partnership incorporated in England and Wales.The address of the registered office is given in the LLP information on page 1 of these financial statements.

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.

The financial statements are presented in sterling which is the functional currency of the LLP and rounded to the nearest £1.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Tangible fixed assets
Tangible fixed assets are stated at cost (or deemed cost) less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Plant and Machinery - 20% on reducing balance

Turnover and revenue recognition
Turnover represents the value of the sale of completed properties. Sales and the related profit/(loss) on completed properties is recognised on the exchange of contracts.

Debtors and creditors
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEE INFORMATION

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

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other creditors 338 338

5. LOANS AND OTHER DEBTS DUE TO MEMBERS

In the event of winding up, amounts in 'Loans and other debts due to members' (other than members' capital classified as debt) would rank in relation to other creditors who are unsecured, subject to the provisions of the Insolvency Act 1986.as amended by the Act and the Regulations as to payment of preferential and other debts (including advances), any surplus remaining shall be distributed among the Members rateably in the proportions in which they shared profits immediately prior to commencement of the winding up.