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REGISTERED NUMBER: OC399707 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2024

FOR

DICENTRA LLP

DICENTRA LLP (REGISTERED NUMBER: OC399707)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 5 April 2024










Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DICENTRA LLP

GENERAL INFORMATION
for the year ended 5 April 2024







DESIGNATED MEMBERS: G K Jewson
Mrs P M Jewson





REGISTERED OFFICE: Unit 4
Mold Business Park
Wrexham Road
Mold
CH7 1XP





REGISTERED NUMBER: OC399707 (England and Wales)





ACCOUNTANTS: Magma Audit LLP
16 Davy Court
Castle Mound Way
Rugby, CV23 0UZ
Magma Audit LLP is part
Of the Dains Group

DICENTRA LLP (REGISTERED NUMBER: OC399707)

BALANCE SHEET
5 April 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 - 2,748,265

CURRENT ASSETS
Debtors 5 6 28,580
Cash at bank 3,357 538,578
3,363 567,158
CREDITORS
Amounts falling due within one year 6 (2,291 ) (127,122 )
NET CURRENT ASSETS 1,072 440,036
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

1,072

3,188,301

OTHER RESERVES CLASSIFIED AS
EQUITY

7

1,072

1,776,029

MEMBERS' CAPITAL CLASSIFIED AS EQUITY
Capital accounts - 1,412,272
1,072 3,188,301

TOTAL MEMBERS' INTERESTS
Other reserves classified as equity 7 1,072 1,776,029
Members' capital classified as equity - 1,412,272
1,072 3,188,301

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 5 April 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.

DICENTRA LLP (REGISTERED NUMBER: OC399707)

BALANCE SHEET - continued
5 April 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 20 September 2024 and were signed by:





Mrs P M Jewson - Designated member

DICENTRA LLP (REGISTERED NUMBER: OC399707)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 5 April 2024


1. STATUTORY INFORMATION

Dicentra LLP is a limited liability partnership incorporated in England and Wales. The registered office is Unit 4, Mold Business Park, Wrexham Road, Mold, Wales, CH7 1XP and the registered number is OC399707.

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 presentational currency of the financial statements is Pound Sterling (£) and figures are rounded to the nearest £1.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value of added tax and other sales taxes under contractual obligations which are preformed gradually over time.

Investment property
Investment property, which is held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in the profit and loss.

Financial instruments
(i) Financial assets

Basic financial assets, including trade and other debtors, cash and bank balances are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest rate method.

(ii) Financial liabilities

Basic financial liabilities, including trade and other creditors are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

DICENTRA LLP (REGISTERED NUMBER: OC399707)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 5 April 2024


2. ACCOUNTING POLICIES - continued

Members participating interest
Members participation rights are the rights of a member against the LLP that arise under the member's agreement.

Where a Member contributes capital to the LLP, that Member acquires a share in the LLP in accordance with the amount or value of that contribution.

The Members shall share any profits of a capital nature as certified by the Accountants, in the proportions of their capital contribution. No Member is entitled to receive interest on the amount of his proportion of the capital contributions to the LLP unless the Designated Members approve such interest payments.

The income and losses of the LLP shall be divided between the Members in the agreed proportions and credited to the Members' Current Accounts as soon as the annual accounts for the relevant accounting year of the LLP are approved by the Members.

Each Member may draw on account of their share of profits such sum and on such dates as agreed.

As soon as the share of the net profits has been credited to a Current Account and after provision has been made for sufficient money to be set aside to meet outstanding LLP liabilities, each Member may withdraw the balance of their share of the net profits, after allowing for all drawings made by that Member.

If any Member withdraws funds in excess of their profit share for an accounting year, that Member shall repay the excess drawings to the LLP immediately. Each Member shall have a Capital Account, to which their respective capital contributions shall be credited.

Each Member shall have a Current Account, to which shall be credited any income profit share to which each are entitled and any other sums of a current nature, and to which shall be debited any drawings.

3. EMPLOYEE INFORMATION

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

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 6 April 2023 2,748,265
Disposals (2,748,265 )
At 5 April 2024 -
NET BOOK VALUE
At 5 April 2024 -
At 5 April 2023 2,748,265

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 6 28,580

DICENTRA LLP (REGISTERED NUMBER: OC399707)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 5 April 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 91 603
Taxation and social security - 17,149
Other creditors 2,200 109,370
2,291 127,122

7. OTHER RESERVES CLASSIFIED AS EQUITY

In the event of a winding up the amounts included in "Members' capital classified as equity" will rank behind unsecured creditors.