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REGISTERED NUMBER: OC386516 (England and Wales)












NEW HEAT SOLUTIONS LLP

Unaudited Financial Statements for the Year Ended 31 March 2024






NEW HEAT SOLUTIONS LLP (REGISTERED NUMBER: OC386516)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 3


NEW HEAT SOLUTIONS LLP

General Information
for the Year Ended 31 March 2024







DESIGNATED MEMBERS: M Walgrove
Land Investments (UK) Ltd





REGISTERED OFFICE: 13 Vansittart Estate
Windsor
Berkshire
SL4 1SE





REGISTERED NUMBER: OC386516 (England and Wales)





ACCOUNTANTS: Cottrill Mason Ltd
13 Vansittart Estate
Windsor
Berkshire
SL4 1SE

NEW HEAT SOLUTIONS LLP (REGISTERED NUMBER: OC386516)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 26,705 23,258

CURRENT ASSETS
Stocks 20,000 5,000
Debtors 5 559,863 457,188
Cash at bank and in hand 44,023 153,170
623,886 615,358
CREDITORS
Amounts falling due within one year 6 620,788 511,019
NET CURRENT ASSETS 3,098 104,339
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

29,803

127,597

LOANS AND OTHER DEBTS DUE TO
MEMBERS

7

29,803

127,597

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 7 29,803 127,597

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 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.

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 24 September 2024 and were signed by:




Land Investments (UK) Ltd - Designated member




M Walgrove - Designated member


NEW HEAT SOLUTIONS LLP (REGISTERED NUMBER: OC386516)

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

1. STATUTORY INFORMATION

New Heat Solutions 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 7 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 84,191
Additions 12,350
At 31 March 2024 96,541
DEPRECIATION
At 1 April 2023 60,933
Charge for year 8,903
At 31 March 2024 69,836
NET BOOK VALUE
At 31 March 2024 26,705
At 31 March 2023 23,258

NEW HEAT SOLUTIONS LLP (REGISTERED NUMBER: OC386516)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 402,576 227,901
Other debtors 157,287 229,287
559,863 457,188

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 11,389 24,803
Trade creditors 470,571 341,556
Taxation and social security 10,509 1,346
Other creditors 128,319 143,314
620,788 511,019

7. LOANS AND OTHER DEBTS DUE TO MEMBERS
31.3.24 31.3.23
£    £   
Amounts owed to members in respect of profits 29,803 127,597

Falling due within one year 29,803 127,597