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REGISTERED NUMBER: OC334819 (England and Wales)















Financial Statements for the Year Ended 31 March 2024

for

Sweetwoods Park LLP

Sweetwoods Park LLP (Registered number: OC334819)






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


Sweetwoods Park LLP

General Information
for the Year Ended 31 March 2024







DESIGNATED MEMBERS: M Long
Sweetwoods Golf Ltd
Churchill Properties (Southern) Limited
Winston's Eagles Limited





REGISTERED OFFICE: Sweetwoods Golf Club
Cowden
Edenbridge
Kent
TN8 7JN





REGISTERED NUMBER: OC334819 (England and Wales)





AUDITORS: Bentleys Accounting Limited (Statutory Auditor)
Suite 6, 141/143 South Road
Haywards Heath
West Sussex
RH16 4LY

Sweetwoods Park LLP (Registered number: OC334819)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 2 2
Tangible assets 5 5,660,402 5,411,171
5,660,404 5,411,173

CURRENT ASSETS
Stocks 6 74,947 70,625
Debtors 7 867 8,630
Cash at bank 18,646 58,728
94,460 137,983
CREDITORS
Amounts falling due within one year 8 194,545 217,340
NET CURRENT LIABILITIES (100,085 ) (79,357 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,560,319

5,331,816

CREDITORS
Amounts falling due after more than one
year

9

103,028

101,132
NET ASSETS ATTRIBUTABLE TO
MEMBERS

5,457,291

5,230,684

LOANS AND OTHER DEBTS DUE TO
MEMBERS

10

1,357,291

1,380,684

MEMBERS' OTHER INTERESTS
Capital accounts 4,100,000 3,850,000
5,457,291 5,230,684

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 10 1,357,291 1,380,684
Members' other interests 4,100,000 3,850,000
5,457,291 5,230,684

Sweetwoods Park LLP (Registered number: OC334819)

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 8 October 2024 and were signed by:





M Long - Designated member

Sweetwoods Park LLP (Registered number: OC334819)

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

1. STATUTORY INFORMATION

Sweetwoods Park 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.

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

Goodwill
Goodwill has been held at cost and not depreciated due to value of payment made being just £2.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
No depreciation has been applied to Freehold building and improvements to Freehold buildings totalling £5,457,067 due to the nature of the asset as Agricultural Land and commercial buildings used within the trade of the business. This value is deemed to be Fair value of the asset held in the partnership.

The other Tangible Fixed Assets are depreciated as follows,

Plant & Machinery 20% reducing balance
Fixtures & Fittings 15% Straight Line
Computer Equipment 33% Straight Line

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 16 (2023 - 15 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 2
NET BOOK VALUE
At 31 March 2024 2
At 31 March 2023 2

Sweetwoods Park LLP (Registered number: OC334819)

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

5. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 April 2023 3,299,931 1,930,546 716,010
Additions - 226,590 76,141
Disposals - - (25,338 )
At 31 March 2024 3,299,931 2,157,136 766,813
DEPRECIATION
At 1 April 2023 - - 577,661
Charge for year - - 34,684
Eliminated on disposal - - (24,346 )
At 31 March 2024 - - 587,999
NET BOOK VALUE
At 31 March 2024 3,299,931 2,157,136 178,814
At 31 March 2023 3,299,931 1,930,546 138,349

Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023 174,261 39,709 6,160,457
Additions - - 302,731
Disposals (11,200 ) - (36,538 )
At 31 March 2024 163,061 39,709 6,426,650
DEPRECIATION
At 1 April 2023 136,859 34,766 749,286
Charge for year 9,677 680 45,041
Eliminated on disposal (3,733 ) - (28,079 )
At 31 March 2024 142,803 35,446 766,248
NET BOOK VALUE
At 31 March 2024 20,258 4,263 5,660,402
At 31 March 2023 37,402 4,943 5,411,171

Included within the NBV of Tangible Fixed Assets is £ 130,605 (2023 - £ 97,013) relating to assets held under hire purchase agreements. The depreciation charge to the financial statements in the year in respect of such assets amounts to £ 19,673 (2023 - £ 20,322).

6. STOCKS
31.3.24 31.3.23
£    £   
Stocks 74,947 70,625

Sweetwoods Park LLP (Registered number: OC334819)

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

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 827 3,804
Prepayments 40 4,826
867 8,630

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 6,210 6,210
Hire purchase contracts 35,804 27,671
Trade creditors 101,709 112,132
Social security and other taxes 8,159 7,410
VAT 2,106 2,037
Members and Society Account 15,471 30,897
Accrued expenses 8,856 9,398
Members fee's paid in advance 16,230 21,585
194,545 217,340

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans - 1-2 years 28,782 34,992
Hire purchase contracts 74,246 66,140
103,028 101,132

10. LOANS AND OTHER DEBTS DUE TO MEMBERS

Members' other interest rank after unsecured creditors, and loans and other debts due to members rank pari passu with unsecured creditors in the event of winding up.

11. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Steven Richard Bentley (Senior Statutory Auditor)
for and on behalf of Bentleys Accounting Limited (Statutory Auditor)