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REGISTERED NUMBER: OC426920 (England and Wales)












REPORT OF THE MEMBERS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

EDENCAP LLP

EDENCAP LLP (REGISTERED NUMBER: OC426920)






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




Page

General Information 1

Report of the Members 2

Income Statement 3

Balance Sheet 4

Reconciliation of Members' Interests 5

Notes to the Financial Statements 7


EDENCAP LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DESIGNATED MEMBERS: Eden Projects One LLP
KH V Properties 101 Limited
Eden Retirement Living Limited





REGISTERED OFFICE: 12 Conqueror Court
Sittingbourne
Kent
ME10 5BH





REGISTERED NUMBER: OC426920 (England and Wales)





ACCOUNTANTS: Xeinadin South East Limited
12 Conqueror Court
Sittingbourne
Kent
ME10 5BH

EDENCAP LLP (REGISTERED NUMBER: OC426920)

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 the management of subsidiaries in accordance with each Business Plan.

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

Eden Projects One LLP
KH V Properties 101 Limited
Eden Retirement Living Limited

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS
The loss for the year before members' remuneration and profit shares was £2,130 (2022 - £2,810 loss).

MEMBERS' INTERESTS
The profits of the LLP after paying interest shall be divided between the Members as per the Members Agreement.

STATEMENT OF MEMBERS' RESPONSIBILITIES
The members are responsible for preparing the Report of the Members and the financial statements in accordance with applicable law and regulations.

Legislation applicable to limited liability partnerships requires the members to prepare financial statements for each financial year. Under that law the members have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under legislation applicable to limited liability partnerships the members must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the LLP and of the profit or loss of the LLP for that period. In preparing these financial statements, the members are required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the LLP will continue in business.

The members are responsible for keeping adequate accounting records that are sufficient to show and explain the LLP's transactions and disclose with reasonable accuracy at any time the financial position of the LLP and enable them to ensure that the financial statements comply with the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008. They are also responsible for safeguarding the assets of the LLP and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

ON BEHALF OF THE MEMBERS:





Eden Retirement Living Limited - Designated member


19 September 2024

EDENCAP LLP (REGISTERED NUMBER: OC426920)

INCOME STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2023

2023 2022
£    £   

TURNOVER - -

Administrative expenses 2,130 2,810
OPERATING LOSS and
LOSS FOR THE FINANCIAL YEAR
BEFORE MEMBERS' REMUNERATION
AND PROFIT SHARES AVAILABLE
FOR DISCRETIONARY DIVISION
AMONG MEMBERS




(2,130




)




(2,810




)

EDENCAP LLP (REGISTERED NUMBER: OC426920)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 3 3

CURRENT ASSETS
Debtors 5 11,634,849 9,130,090

CREDITORS
Amounts falling due within one year 6 373,012 368,548
NET CURRENT ASSETS 11,261,837 8,761,542
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

11,261,840

8,761,545

LOANS AND OTHER DEBTS DUE TO
MEMBERS

7

11,261,840

8,761,545

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 7 11,261,840 8,761,545
Amounts due from members 5 (101,358 ) (99,228 )
11,160,482 8,662,317

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.

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 19 September 2024 and were signed by:





Eden Retirement Living Limited - Designated member

EDENCAP LLP (REGISTERED NUMBER: OC426920)

RECONCILIATION OF MEMBERS' INTERESTS
FOR THE YEAR ENDED 31 DECEMBER 2023


EQUITY DEBT TOTAL
Members' Loans and other debts due to MEMBERS'
other members less any amounts due INTERESTS
interests from members in debtors

Other Other
reserves amounts Total
£    £    £   
Amount due to members -
Amount due from members (99,228 )
Balance at 1 January 2023 - (99,228 ) (99,228 )
Loss for the financial year available
for discretionary division among
members


(2,130


)


-


(2,130


)


Members' interests after loss for the
year

(2,130

)

(99,228

)

(101,358

)

Other divisions of loss 2,130 (2,130 ) -
Introduced by members - 11,261,840 11,261,840
Amount due to members 11,261,840
Amount due from members (101,358 )
Balance at 31 December 2023 - 11,160,482 11,160,482

EDENCAP LLP (REGISTERED NUMBER: OC426920)

RECONCILIATION OF MEMBERS' INTERESTS
FOR THE YEAR ENDED 31 DECEMBER 2023

EQUITY DEBT TOTAL
Members' Loans and other debts due to MEMBERS'
other members less any amounts due INTERESTS
interests from members in debtors

Other Other
reserves amounts Total
£    £    £   
Amount due to members -
Amount due from members (96,868 )
Balance at 1 January 2022 - (96,868 ) (96,868 )
Loss for the financial year available
for discretionary division among
members


(2,810


)


-


(2,810


)


Members' interests after loss for the
year

(2,810

)

(96,868

)

(99,678

)

Other divisions of loss 2,810 (2,810 ) -
Introduced by members - 8,761,995 8,761,995
Amount due to members 8,761,545
Amount due from members (99,228 )
Balance at 31 December 2022 - 8,662,317 8,662,317

EDENCAP LLP (REGISTERED NUMBER: OC426920)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Edencap 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.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost less impairment.

Financial instruments
Financial assets - trade and other debtors are basic financial instruments and debt instruments measured at fair value through the Income Statement and are measured subsequently at amortised cost. Prepayments are not financial instruments.

Cash comprises cash at bank, in hand and short term deposits with an original maturity date of three months or less. Cash at bank is measured at face value.

Financial liabilities - trade creditors and other creditors are measured initially at fair value through the Income Statement and are measured subsequently at amortised cost.

3. EMPLOYEE INFORMATION

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

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2023
and 31 December 2023 3
NET BOOK VALUE
At 31 December 2023 3
At 31 December 2022 3

5. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Amounts owed by group undertakings 186,670 186,670
Other debtors 190,917 186,454
377,587 373,124

EDENCAP LLP (REGISTERED NUMBER: OC426920)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

5. DEBTORS - continued
2023 2022
£    £   
Amounts falling due after more than one year:
Other debtors 11,257,262 8,756,966

Aggregate amounts 11,634,849 9,130,090

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 2,130 1,980
Amounts owed to group undertakings 19,247 19,247
Amounts owed to joint ventures 349,454 345,142
Other creditors 2,181 2,179
373,012 368,548

7. LOANS AND OTHER DEBTS DUE TO MEMBERS

Capital loans and other debts due to members rank immediately before creditors, in accordance with the members’ agreement.

8. ULTIMATE CONTROLLING PARTY

The LLP does not have a parent undertaking. The ultimate controlling party of the group is
considered to be the members in aggregate.