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REGISTERED NUMBER: OC420926 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

KEMPTON MEWS DEVELOPMENTS LLP

KEMPTON MEWS DEVELOPMENTS LLP (REGISTERED NUMBER: OC420926)






Contents of the Financial Statements
for the year ended 29 February 2024




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 3


KEMPTON MEWS DEVELOPMENTS LLP

General Information
for the year ended 29 February 2024







DESIGNATED MEMBERS: Cogress 2a Kempton Mews Limited
Cogress Kempton Mews Limited Partnership
Kempton Mews Investments Limited





REGISTERED OFFICE: 8 St Thomas Street
London
SE1 9RR





REGISTERED NUMBER: OC420926 (England and Wales)





ACCOUNTANTS: Camerons Accountancy Consultants Limited
Chartered Accountants
9 Worton Park
Cassington
Witney
Oxfordshire
OX29 4SX

KEMPTON MEWS DEVELOPMENTS LLP (REGISTERED NUMBER: OC420926)

Balance Sheet
29 February 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Stocks - 215,187
Debtors 4 - 335
Cash at bank - 199
- 215,721
CREDITORS
Amounts falling due within one year 5 - 2,910
NET CURRENT ASSETS - 212,811
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

-

212,811

LOANS AND OTHER DEBTS DUE TO
MEMBERS

6

-

212,811

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 6 - 212,811

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 29 February 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 23 October 2024 and were signed by:





Kempton Mews Investments Limited - Designated member

KEMPTON MEWS DEVELOPMENTS LLP (REGISTERED NUMBER: OC420926)

Notes to the Financial Statements
for the year ended 29 February 2024

1. STATUTORY INFORMATION

Kempton Mews Developments 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.

Critical accounting judgements and key sources of estimation uncertainty
The preparation of the financial statements in conformity with FRS 102 requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. Although the nature of estimation means that actual outcomes could differ from those estimates both estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

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

Work-in-progress
Work-in-progress is stated at the lower of cost and ret realisable value, being the estimated selling price, less costs to complete and sell the development properties. All costs of finance and other costs associated with the acquisition and development of the properties is included in work-in-progress.

Work in progress included the cost of acquisition of a development site situated at Units 1, 2 and 3 The Mews, 2A Kempton Road, London, the cost of all construction and finance costs to-date. There was a legal charge registered over the development property under HM Land Registry title numbers EGL226431 and LN25498 until the debt was repaid during the 2021 year.

3. EMPLOYEE INFORMATION

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors - 335

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors - 2,910

6. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank equally with debts due to unsecured creditors in the event of a winding up. There is no provision for specific legally enforceable protection afforded to creditors in such an event. There are no restrictions or limitations on the ability of the members to reduce the amount of 'Members' other interests'