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REGISTERED NUMBER: OC349326 (England and Wales)















Financial Statements for the Year Ended 31 March 2024

for

Rosemount Kirkaldy LLP

Rosemount Kirkaldy LLP (Registered number: OC349326)






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




Page

General Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Rosemount Kirkaldy LLP

General Information
for the Year Ended 31 March 2024







DESIGNATED MEMBERS: P D Rose
G R Pickett
N M Sheridan
Mrs M Verschoyle
J B Rose
J E Rose
T Pickett
S Pickett





REGISTERED OFFICE: 4 The Courtyard
Holmsted Farm
Staplefield Road
Haywards Heath
West Sussex
RH17 5JF





REGISTERED NUMBER: OC349326 (England and Wales)





ACCOUNTANTS: Warren House Accountants Limited
4 The Courtyard
Holmsted Farm
Staplefield Road
Haywards Heath
RH17 5JF

Rosemount Kirkaldy LLP (Registered number: OC349326)

Statement of Financial Position
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 - -
Investment property 4 6,000,000 6,000,000
6,000,000 6,000,000

CURRENT ASSETS
Debtors 5 67,677 126,489
Prepayments and accrued income 66,596 6,666
Cash at bank 52,192 47,168
186,465 180,323
CREDITORS
Amounts falling due within one year 6 109,186 104,033
NET CURRENT ASSETS 77,279 76,290
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

6,077,279

6,076,290

LOANS AND OTHER DEBTS DUE TO
MEMBERS

989

-

MEMBERS' OTHER INTERESTS
Capital accounts 1,744,000 1,744,000
Fair value reserve 4,332,290 4,332,290
6,077,279 6,076,290

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 989 -
Members' other interests 6,076,290 6,076,290
Amounts due from members 5 (13,815 ) (75,803 )
6,063,464 6,000,487

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.

Rosemount Kirkaldy LLP (Registered number: OC349326)

Statement of Financial Position - continued
31 March 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 Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 14 October 2024 and were signed by:





P D Rose - Designated member

Rosemount Kirkaldy LLP (Registered number: OC349326)

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

1. STATUTORY INFORMATION

Rosemount Kirkaldy LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

The financial statements have been prepared in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' ('FRS 102'), Companies Act 2006 as applied by LLPs and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships, issued in July 2014. The financial statements have been prepared on the historical cost basis except for the modification to a fair value basis for certain financial instruments as specified in the accounting policies below.

Monetary amounts in these financial statements are rounded to the nearest £1, except where otherwise indicated. The financial statements are presented in sterling which is also the functional currency of the LLP.

Turnover
Turnover represents net rents receivable, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 10% on cost

Investment property
Investment properties are included in the balance sheet at their open market value. Any material aggregate surplus or deficit arising from changes in market value is made through Statement of recognised gains and losses.

3. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 36,000
DEPRECIATION
At 1 April 2023
and 31 March 2024 36,000
NET BOOK VALUE
At 31 March 2024 -

Rosemount Kirkaldy LLP (Registered number: OC349326)

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 6,000,000
NET BOOK VALUE
At 31 March 2024 6,000,000
At 31 March 2023 6,000,000

The partnership's investment property has been included at its revalued amount based on the value of transactions carried out in the period.

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2015 2,227,290
Valuation in 2019 2,105,000
Cost 1,667,710
6,000,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 49,500 46,200
Other debtors 18,177 80,289
67,677 126,489

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Taxation and social security 25,042 23,433
Other creditors 84,144 80,600
109,186 104,033

7. RELATED PARTY DISCLOSURES

During the year the partnership paid to P D Rose and G R Pickett £5,200 (2023 £5,200) in respect of the management charges of the partnerships property.

8. ULTIMATE CONTROLLING PARTY

The partnership is under the control of the members.