Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31false2023-04-01that of property developers.33truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false OC311397 2023-04-01 2024-03-31 OC311397 2022-04-01 2023-03-31 OC311397 2024-03-31 OC311397 2023-03-31 OC311397 c:MotorVehicles 2023-04-01 2024-03-31 OC311397 c:MotorVehicles 2024-03-31 OC311397 c:MotorVehicles 2023-03-31 OC311397 c:MotorVehicles c:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 OC311397 c:OfficeEquipment 2023-04-01 2024-03-31 OC311397 c:OfficeEquipment 2024-03-31 OC311397 c:OfficeEquipment 2023-03-31 OC311397 c:OfficeEquipment c:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 OC311397 c:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 OC311397 c:CurrentFinancialInstruments 2024-03-31 OC311397 c:CurrentFinancialInstruments 2023-03-31 OC311397 c:CurrentFinancialInstruments 2 2024-03-31 OC311397 c:CurrentFinancialInstruments 2 2023-03-31 OC311397 c:CurrentFinancialInstruments c:WithinOneYear 2024-03-31 OC311397 c:CurrentFinancialInstruments c:WithinOneYear 2023-03-31 OC311397 e:FRS102 2023-04-01 2024-03-31 OC311397 e:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 OC311397 e:FullAccounts 2023-04-01 2024-03-31 OC311397 e:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC311397 e:PartnerLLP1 2023-04-01 2024-03-31 OC311397 f:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: OC311397










MANEATON HOMES LLP








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

 
MANEATON HOMES LLP
 

CONTENTS



Page
Balance sheet
 
1 - 2
Notes to the financial statements
 
3 - 5


 
MANEATON HOMES LLP
REGISTERED NUMBER: OC311397

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
9,443
13,073

Current assets
  

Stocks
  
176,823
167,063

Debtors
 5 
883,083
871,601

Cash at bank and in hand
  
5,796
23,195

  
1,065,702
1,061,859

Creditors: Amounts Falling Due Within One Year
 6 
(103,415)
(103,202)

Net current assets
  
 
 
962,287
 
 
958,657

Total assets less current liabilities
  
971,730
971,730

  

Net assets
  
971,730
971,730


Represented by:
  

Loans and other debts due to members within one year
  

Members' capital classified as a liability
  
53,000
53,000

Other amounts
  
918,730
918,730

  

  
971,730
971,730


Total members' interests
  

Amounts due from members (included in debtors)
 5 
(881,914)
(870,300)

Loans and other debts due to members
  
971,730
971,730

  
89,816
101,430


Page 1

 
MANEATON HOMES LLP
REGISTERED NUMBER: OC311397
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small LLPs regime.

The entity was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, with respect to accounting records and the preparation of financial statements.

The financial statements have been delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The entity has opted not to file the statement of comprehensive income in accordance with the provisions applicable to entities subject to the small LLPs regime.

The financial statements were approved and authorised for issue by the members and were signed on their behalf on 18 November 2024.




Mr P V W Chapman
Designated member

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
MANEATON HOMES LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Maneaton Homes LLP is a limited liability partnership incorporated and domiciled in the United Kingdom. The address of its registered office is Rutland House, 148 Edmund Street, Birmingham, B3 2FD. Its principal place of business address is Beech House, 82 High Street, Hampton in Arden, Solihull, B92 0AD. The partnership engages as that of property developers.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Turnover related to the sale of property is recognised on completion. Rental income from properties held for resale is recognised in the period to which it relates and is shown as other operating income. 

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance and straight line basis basis.

Depreciation is provided on the following basis:

Motor vehicle
-
25%
reducing balance
Office equipment
-
25%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.4

Work in progress

Work in progress, which represents properties held for development is valued at the lower of cost
and net realisable value.

Page 3

 
MANEATON HOMES LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Financial instruments

The LLP has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.8

Division and distribution of profits

A division of profits is the mechanism by which the profits of an LLP become a debt due to members. A division may be automatic or discretionary, may relate to some or all of the profits for a financial period and may take place during or after the end of a financial period.

An automatic division of profits is one where the LLP does not have an unconditional right to avoid making a division of an amount of profits based on the members' agreement in force at the time, whereas a discretionary division of profits requires a decision to be made by the LLP, which it has the unconditional right to avoid making.

The LLP divides profits automatically. Automatic divisions of profits are recognised as 'Members' remuneration charged as an expense in .

In the event of the LLP making losses, the loss is recognised as a credit amount of 'Members' remuneration charged as an expense where it is automatically divided or as a debit within equity under 'Other reserves' if not divided automatically.


3.


Employees

The entity has no employees.

Page 4

 
MANEATON HOMES LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Tangible fixed assets





Motor vehicles
Office equipment
Total

£
£
£



Cost 


At 1 April 2023
15,500
2,895
18,395



At 31 March 2024

15,500
2,895
18,395



Depreciation


At 1 April 2023
3,875
1,447
5,322


Charge for the year on owned assets
2,906
724
3,630



At 31 March 2024

6,781
2,171
8,952



Net book value



At 31 March 2024
8,719
724
9,443



At 31 March 2023
11,625
1,448
13,073


5.


Debtors

2024
2023
£
£


Other debtors
1,169
1,301

Amounts due from members
881,914
870,300

883,083
871,601



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Loans
100,000
100,000

Trade creditors
1,101
998

Accruals
2,314
2,204

103,415
103,202


 
Page 5