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REGISTERED NUMBER: OC314414 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 March 2024

for

10 Ant Trust LLP

10 Ant Trust LLP (Registered number: OC314414)






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


10 Ant Trust LLP

General Information
for the Year Ended 31 March 2024







DESIGNATED MEMBERS: P I H Pressland
J E Pressland





REGISTERED OFFICE: 14 Church Street
Whitchurch
Hampshire
RG28 7AB





REGISTERED NUMBER: OC314414 (England and Wales)





ACCOUNTANTS: Wheeler & Co Ltd
Chartered Accountants
The Shrubbery
14 Church Street
Whitchurch
Hampshire
RG28 7AB

10 Ant Trust LLP (Registered number: OC314414)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 805,000 4,335,789

CURRENT ASSETS
Debtors 5 178,450 332,526
Cash at bank 125,181 9,437
303,631 341,963
CREDITORS
Amounts falling due within one year 6 77,647 554,606
NET CURRENT ASSETS/(LIABILITIES) 225,984 (212,643 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,030,984

4,123,146

CREDITORS
Amounts falling due after more than one
year

7

608,900

2,649,161
NET ASSETS ATTRIBUTABLE TO
MEMBERS

422,084

1,473,985

LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

814,338

470,765

MEMBERS' OTHER INTERESTS
Capital accounts 4,895 4,895
Fair value reserve 9 (397,149 ) 998,325
422,084 1,473,985

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 814,338 470,765
Members' other interests (392,254 ) 1,003,220
Amounts due from members 5 (155,016 ) (310,907 )
267,068 1,163,078

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.

10 Ant Trust LLP (Registered number: OC314414)

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 7 November 2024 and were signed by:





J E Pressland - Designated member

10 Ant Trust LLP (Registered number: OC314414)

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

1. STATUTORY INFORMATION

10 Ant Trust 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.

3. EMPLOYEE INFORMATION

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

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST OR VALUATION
At 1 April 2023 4,335,789
Disposals (2,935,789 )
Revaluations (595,000 )
At 31 March 2024 805,000
NET BOOK VALUE
At 31 March 2024 805,000
At 31 March 2023 4,335,789

Cost or valuation at 31 March 2024 is represented by:

Land and
buildings
£   
Valuation in 2017 1,626,023
Valuation in 2018 (727,697 )
Valuation in 2021 100,000
Valuation in 2024 (1,395,474 )
Cost 1,202,148
805,000

10 Ant Trust LLP (Registered number: OC314414)

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

4. TANGIBLE FIXED ASSETS - continued

If freehold property had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 1,202,148 3,337,463

Freehold property were valued on an open market basis on 19 September 2024 by the partners .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts due from members 155,016 310,907
Other debtors 23,434 21,619
178,450 332,526

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 499,960
VAT 54,522 4,771
Other creditors 4,000 15,750
Accruals and deferred income 19,125 34,125
77,647 554,606

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 2-5 years 608,900 2,649,161

8. LOANS AND OTHER DEBTS DUE TO MEMBERS

other creditors take priority over any loans and other debts due to members.

9. RESERVES
Fair
value
reserve
£   
At 1 April 2023 998,325
Freehold property (1,395,474 )
At 31 March 2024 (397,149 )