REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2024 |
FOR |
DESERT RIDGE ESTATES LLP |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2024 |
FOR |
DESERT RIDGE ESTATES LLP |
DESERT RIDGE ESTATES LLP (REGISTERED NUMBER: OC391866) |
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 |
DESERT RIDGE ESTATES LLP |
GENERAL INFORMATION |
FOR THE YEAR ENDED 31 March 2024 |
DESIGNATED MEMBERS: |
Mrs A Warriner-Brown |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
41 Rodney Road |
Cheltenham |
Gloucestershire |
GL50 1HX |
DESERT RIDGE ESTATES LLP (REGISTERED NUMBER: OC391866) |
BALANCE SHEET |
31 March 2024 |
2024 | 2023 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investment property | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
and |
NET ASSETS ATTRIBUTABLE TO MEMBERS | 819,236 | 812,825 |
LOANS AND OTHER DEBTS DUE TO MEMBERS |
- |
- |
MEMBERS' OTHER INTERESTS |
Capital accounts | 834,625 | 828,214 |
Fair value reserve | 7 | ( |
) | ( |
) |
819,236 | 812,825 |
TOTAL MEMBERS' INTERESTS |
Members' other interests | 819,236 | 812,825 |
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 were approved by the members of the LLP and authorised for issue on |
DESERT RIDGE ESTATES LLP (REGISTERED NUMBER: OC391866) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 March 2024 |
1. | STATUTORY INFORMATION |
Desert Ridge Estates 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 |
TURNOVER |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
INVESTMENT PROPERTY |
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
3. | EMPLOYEE INFORMATION |
The average number of employees during the year was NIL (2023 - NIL). |
4. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 April 2023 |
and 31 March 2024 |
NET BOOK VALUE |
At 31 March 2024 |
At 31 March 2023 |
Investment property comprises £320,000. The fair value of the investment property has been arrived at on the basis of a valuation carried out at 31 March 2024 by the members of the LLP. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties. |
Fair value at 31 March 2024 is represented by: |
£ |
Valuation in 2022 | 797,360 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Trade debtors |
Other debtors |
Prepayments |
DESERT RIDGE ESTATES LLP (REGISTERED NUMBER: OC391866) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 March 2024 |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Trade creditors |
VAT | 923 | 1,014 |
Other creditors |
Accruals and deferred income |
7. | RESERVES |
Fair |
value |
reserve |
£ |
At 1 April 2023 | ( |
) |
At 31 March 2024 | ( |
) |