IRIS Accounts Production v24.3.0.553 OC426888 designated member 1.4.23 31.3.24 31.3.24 0 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhOC4268882023-03-31OC4268882024-03-31OC4268882023-04-012024-03-31OC4268882022-03-31OC4268882022-04-012023-03-31OC4268882023-03-31OC426888ns15:EnglandWales2023-04-012024-03-31OC426888ns14:PoundSterling2023-04-012024-03-31OC426888ns10:PartnerLLP12023-04-012024-03-31OC426888ns10:LimitedLiabilityPartnershipLLP2023-04-012024-03-31OC426888ns10:SmallEntities2023-04-012024-03-31OC426888ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-31OC426888ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-31OC426888ns10:LimitedLiabilityPartnershipsSORP2023-04-012024-03-31OC426888ns10:FullAccounts2023-04-012024-03-31OC426888ns10:PartnerLLP22023-04-012024-03-31OC426888ns10:RegisteredOffice2023-04-012024-03-31OC426888ns5:CurrentFinancialInstruments2024-03-31OC426888ns5:CurrentFinancialInstruments2023-03-31OC426888ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-31OC426888ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-31
REGISTERED NUMBER: OC426888 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

London and Sussex Properties LLP

London and Sussex Properties LLP (Registered number: OC426888)






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




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


London and Sussex Properties LLP

General Information
for the Year Ended 31 March 2024







DESIGNATED MEMBERS: Ikefield Limited
Development Solutions (UK) Limited





REGISTERED OFFICE: Bank House
Southwick Square
Southwick
West Sussex
BN42 4FN





REGISTERED NUMBER: OC426888 (England and Wales)





ACCOUNTANTS: Style Accountants Limited
Bank House
Southwick Square
Southwick
West Sussex
BN42 4FN

London and Sussex Properties LLP (Registered number: OC426888)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £   
CURRENT ASSETS
Stocks 14,955 14,955
Debtors 4 2,200 1,977
Cash at bank 270 56
17,425 16,988
CREDITORS
Amounts falling due within one year 5 600 600
NET CURRENT ASSETS 16,825 16,388
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

16,825

16,388

LOANS AND OTHER DEBTS DUE
TO MEMBERS

6

16,825

16,388

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 6 16,825 16,388
Amounts due from members 4 (2,200 ) (1,814 )
14,625 14,574

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.

London and Sussex Properties LLP (Registered number: OC426888)

Balance Sheet - 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 29 October 2024 and were signed by:





Ikefield Limited - Designated member

London and Sussex Properties LLP (Registered number: OC426888)

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

1. STATUTORY INFORMATION

London and Sussex Properties 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.

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.

3. EMPLOYEE INFORMATION

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 2,200 1,977

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other creditors 600 600

6. LOANS AND OTHER DEBTS DUE TO MEMBERS

There are no restrictions on the ability of members to reduce the amount of 'Members Interests' ahead of any unsecured creditors.