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REGISTERED NUMBER: OC417754 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH JUNE 2024

FOR

LOTTSTONE LLP

LOTTSTONE LLP (REGISTERED NUMBER: OC417754)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2024










Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LOTTSTONE LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 30TH JUNE 2024







DESIGNATED MEMBERS: SA Sanders
Ms H M Truman





REGISTERED OFFICE: 7 Sheep Street
Wellingborough
Northamptonshire
NN8 1BL





REGISTERED NUMBER: OC417754 (England and Wales)





ACCOUNTANTS: Bewers Turner & Co LLP
Chartered Accountants
Portland House
11-13 Station Road
Kettering
Northamptonshire
NN15 7HH

LOTTSTONE LLP (REGISTERED NUMBER: OC417754)

BALANCE SHEET
30TH JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 38,386 48,146

CURRENT ASSETS
Debtors 5 11,884 11,884
Cash at bank 14,146 3,520
26,030 15,404
CREDITORS
Amounts falling due within one year 6 20,928 15,833
NET CURRENT ASSETS/(LIABILITIES) 5,102 (429 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

43,488

47,717

CREDITORS
Amounts falling due after more than one
year

7

35,057

41,222
NET ASSETS ATTRIBUTABLE TO
MEMBERS

8,431

6,495

LOANS AND OTHER DEBTS DUE TO
MEMBERS

10

8,431

6,495

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 10 8,431 6,495

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 30th June 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.

LOTTSTONE LLP (REGISTERED NUMBER: OC417754)

BALANCE SHEET - continued
30TH JUNE 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 1st November 2024 and were signed by:





SA Sanders - Designated member

LOTTSTONE LLP (REGISTERED NUMBER: OC417754)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2024


1. STATUTORY INFORMATION

Lottstone 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.

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

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 - 25% on cost and 20% on reducing balance

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 2 (2023 - 2 ) .

LOTTSTONE LLP (REGISTERED NUMBER: OC417754)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st July 2023
and 30th June 2024 54,072
DEPRECIATION
At 1st July 2023 5,926
Charge for year 9,760
At 30th June 2024 15,686
NET BOOK VALUE
At 30th June 2024 38,386
At 30th June 2023 48,146

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 8,500 8,500
Other debtors 3,384 3,384
11,884 11,884

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 8) 6,165 5,853
Taxation and social security 771 -
Other creditors 13,992 9,980
20,928 15,833

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts (see note 8) 35,057 41,222

LOTTSTONE LLP (REGISTERED NUMBER: OC417754)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2024


8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 6,165 5,853
Between one and five years 35,057 41,222
41,222 47,075

Non-cancellable operating leases
2024 2023
£    £   
Within one year 3,300 13,200
Between one and five years - 3,300
3,300 16,500

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 41,222 47,075

Amounts due in relation to hire purchase contracts are secured against the assets concerned.

10. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members would rank after all other creditors.