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REGISTERED NUMBER: OC437657 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 March 2024

for

C Savoy Enterprise LLP

C Savoy Enterprise LLP (Registered number: OC437657)






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


C Savoy Enterprise LLP

General Information
for the Year Ended 31 March 2024







DESIGNATED MEMBERS: C Savoy
C Savoy Properties Limited





REGISTERED OFFICE: Oaklea House
46 Coatham Road
Redcar
TS10 1RS





REGISTERED NUMBER: OC437657 (England and Wales)





ACCOUNTANTS: SKS Bailey Group Limited
Oaklea House
46 Coatham Road
Redcar
TS10 1RS

C Savoy Enterprise LLP (Registered number: OC437657)

Balance Sheet
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 696 -
Investment property 5 495,000 515,000
495,696 515,000

CURRENT ASSETS
Debtors 20,771 27,161
Cash at bank 3,577 6,557
24,348 33,718
CREDITORS: AMOUNTS FALLING DUE
WITHIN ONE YEAR

6

(1,332

)

(1,267

)
NET CURRENT ASSETS 23,016 32,451
TOTAL ASSETS LESS CURRENT
LIABILITIES

518,712

547,451

CREDITORS: AMOUNTS FALLING DUE
AFTER MORE THAN ONE YEAR

7

(297,709

)

(297,709

)
NET ASSETS ATTRIBUTABLE TO
MEMBERS

221,003

249,742

C Savoy Enterprise LLP (Registered number: OC437657)

Balance Sheet - continued
31 March 2024

2024 2023
Notes £    £   
LOANS AND OTHER DEBTS DUE TO
MEMBERS

9

221,003

249,742

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 9 221,003 249,742
Amounts due from members (20,771 ) (27,161 )
200,232 222,581

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.

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 7 November 2024 and were signed by:





C Savoy - Designated member

C Savoy Enterprise LLP (Registered number: OC437657)

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

1. STATUTORY INFORMATION

C Savoy Enterprise 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 as modified by the revaluation of certain assets.

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.
Computer equipment - 25% on reducing balance

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.

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 NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
Additions 926
At 31 March 2024 926
DEPRECIATION
Charge for year 230
At 31 March 2024 230
NET BOOK VALUE
At 31 March 2024 696

C Savoy Enterprise LLP (Registered number: OC437657)

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

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 515,000
Revaluations (20,000 )
At 31 March 2024 495,000
NET BOOK VALUE
At 31 March 2024 495,000
At 31 March 2023 515,000

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2023 40,000
Valuation in 2024 (20,000 )
Cost 475,000
495,000

Properties are required to be disclosed within the financial statements at fair value.

The valuation was made by directors on an open market value basis by reference to market evidence of transaction prices for similar properties. Deferred tax has been calculated on the revalued amounts and provided for within the financial statements.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Accrued expenses 1,332 1,267

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 297,709 297,709

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans 297,709 297,709

C Savoy Enterprise LLP (Registered number: OC437657)

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

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 297,709 297,709

9. LOANS AND OTHER DEBTS DUE TO MEMBERS

Members rank ahead of other creditors in a liquidation.