Caseware UK (AP4) 2023.0.135 2023.0.135 2023-04-01trueNo description of principal activity2The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false2truefalse OC336552 2023-04-01 2024-03-31 OC336552 2022-04-01 2023-03-31 OC336552 2024-03-31 OC336552 2023-03-31 OC336552 c:PlantMachinery 2023-04-01 2024-03-31 OC336552 c:OtherPropertyPlantEquipment 2024-03-31 OC336552 c:OtherPropertyPlantEquipment 2023-03-31 OC336552 c:OtherPropertyPlantEquipment c:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 OC336552 c:CurrentFinancialInstruments 2024-03-31 OC336552 c:CurrentFinancialInstruments 2023-03-31 OC336552 c:CurrentFinancialInstruments c:WithinOneYear 2024-03-31 OC336552 c:CurrentFinancialInstruments c:WithinOneYear 2023-03-31 OC336552 d:FRS102 2023-04-01 2024-03-31 OC336552 d:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 OC336552 d:FullAccounts 2023-04-01 2024-03-31 OC336552 d:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC336552 d:PartnerLLP1 2023-04-01 2024-03-31 OC336552 d:PartnerLLP2 2023-04-01 2024-03-31 OC336552 c:FurtherSpecificReserve3ComponentTotalEquity 2024-03-31 OC336552 c:FurtherSpecificReserve3ComponentTotalEquity 2023-03-31 OC336552 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: OC336552










Sycamore Self Storage LLP








Unaudited

Financial statements

Information for filing with the registrar

For the Year Ended 31 March 2024

 
Sycamore Self Storage LLP
 
  
Chartered Accountants' Report to the Members on the preparation of the Unaudited Statutory Financial Statements of Sycamore Self Storage LLP for the Year Ended 31 March 2024

In order to assist you to fulfil your duties under the Companies Act 2006 (as applied 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 Sycamore Self Storage LLP for the year ended 31 March 2024 which comprise  the 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 at https://www.icaew.com /regulation.

This report is made solely to the members in accordance with the terms of our engagement letter dated 12 March 2024Our work has been undertaken solely to prepare for your approval the financial statements of Sycamore Self Storage LLP and state those matters that we have agreed to state to the Sycamore Self Storage LLP's members in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Sycamore Self Storage LLP and its members for our work or for this report. 

It is your duty to ensure that Sycamore Self Storage 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 Sycamore Self Storage LLP. You consider that Sycamore Self Storage LLP is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Sycamore Self Storage 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.

  



Kreston Reeves LLP
Chartered Accountants
Canterbury
10 September 2024
Page 1

 
Sycamore Self Storage LLP
Registered number: OC336552

Balance Sheet
As at 31 March 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
49,022
54,056

  
49,022
54,056

Current assets
  

Debtors: amounts falling due within one year
 5 
970
899

Cash at bank and in hand
  
8,883
2,183

  
9,853
3,082

Creditors: Amounts Falling Due Within One Year
 6 
(4,835)
(4,443)

Net current assets/(liabilities)
  
 
 
5,018
 
 
(1,361)

Total assets less current liabilities
  
54,040
52,695

  

Net assets
  
54,040
52,695


Represented by:
  

Loans and other debts due to members within one year
  

Other amounts
 7 
54,040
52,695

  
54,040
52,695

  

  
54,040
52,695


Total members' interests
  

Loans and other debts due to members
 7 
54,040
52,695

  
54,040
52,695


Page 2

 
Sycamore Self Storage LLP
Registered number: OC336552

Balance Sheet (continued)
As at 31 March 2024

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small LLPs regime.

The entity was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, with respect to accounting records and the preparation of financial statements.

The financial statements have been delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The entity has opted not to file the statement of comprehensive income in accordance with the provisions applicable to entities subject to the small LLPs regime.

The financial statements were approved and authorised for issue by the members and were signed on their behalf on 19 August 2024.




Mr T G Clifton-Holt
Mr D A Linch
Designated member
Designated member

The notes on pages 5 to 7 form part of these financial statements.

Page 3

 
Sycamore Self Storage LLP
 

Reconciliation of Members' Interests
For the Year Ended 31 March 2024




EQUITY
Members' other interests
DEBT
Loans and other debts due to members less any amounts due from members in debtors
Total members' interests
Other reserves
Other amounts
Total

£
£
£

Amounts due to members 
62,096


Balance at 1 April 2022 
-
62,096
62,096

Members' remuneration charged as an expense
-
-
-

Profit for the year available for discretionary division among members
 
64,600
-
64,600

Members' interests after profit for the year
64,600
62,096
126,696

Other division of profits
(64,600)
64,600
-

Drawings on account and distribution of profit
-
(74,000)
(74,000)

Amounts due to members
52,695

Balance at 31 March 2023
-
52,695
52,695

Profit for the year available for discretionary division among members
 
61,344
-
61,344

Members' interests after profit for the year
61,344
52,695
114,039

Other division of profits
(61,344)
61,344
-

Drawings on account and distribution of profit
-
(60,000)
(60,000)

Amounts due to members
54,040

Balance at 31 March 2024 
-
54,040
54,040

There are no existing restrictions or limitations which impact the ability of the members of the LLP to reduce the amount of Members' other interests.

Page 4

 
Sycamore Self Storage LLP
 

 
Notes to the Financial Statements
For the Year Ended 31 March 2024

1.


General information

Sycamore Self Storage LLP is a limited liability partnership incorporated in England with the registered number OC336552. The partnership's registered address is Haguelands Farm, Burmarsh, Romney Marsh, Kent, TN29 0JR.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the LLP and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the LLP will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Division and distribution of profits

A division of profits is the mechanism by which the profits of an LLP become a debt due to members. A division may be automatic or discretionary, may relate to some or all of the profits for a financial period and may take place during or after the end of a financial period.

An automatic division of profits is one where the LLP does not have an unconditional right to avoid making a division of an amount of profits based on the members' agreement in force at the time, whereas a discretionary division of profits requires a decision to be made by the LLP, which it has the unconditional right to avoid making.

The LLP divides profits automatically. Automatic divisions of profits are recognised as 'Members' remuneration charged as an expense in .

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 5

 
Sycamore Self Storage LLP
 

 
Notes to the Financial Statements
For the Year Ended 31 March 2024

2.Accounting policies (continued)


2.4
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant & machinery
-
5% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.


3.


Employees




The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


Tangible fixed assets





Plant & Machinery

£



Cost or valuation


At 1 April 2023
100,667



At 31 March 2024

100,667



Depreciation


At 1 April 2023
46,612


Charge for the year on owned assets
5,033



At 31 March 2024

51,645



Net book value



At 31 March 2024
49,022



At 31 March 2023
54,055

Page 6

 
Sycamore Self Storage LLP
 

 
Notes to the Financial Statements
For the Year Ended 31 March 2024

5.


Debtors

2024
2023
£
£


Trade debtors
970
899

970
899



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Accruals and deferred income
4,835
4,443

4,835
4,443



7.


Loans and other debts due to members


2024
2023
£
£



Other amounts due to members
54,040
52,695

54,040
52,695



Loans and other debts due to members rank equally with debts due to ordinary creditors in the event of a winding up.


8.


Controlling party

The LLP is jointly controlled by the designated members. 

Page 7