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REGISTERED NUMBER: OC421104 (England and Wales)















REPORT OF THE MEMBERS AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

CO. DURHAM LAND LLP

CO. DURHAM LAND LLP (REGISTERED NUMBER: OC421104)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024










Page

General Information 1

Report of the Members 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 5


CO. DURHAM LAND LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DESIGNATED MEMBERS: Mr. M.A. Allan
Mr. J. Crozier
Mr. C. Crozier
Mr. A. Crozier
North of England Estates Limited
Theakston Estates (Developments) Limited
Theakston Estates (Properties) Limited
Theakston Estates Limited
Mr. P. Tipling
Mr. J. Tipling
Mr. D. Tipling
Mr. B.S. Tipling
Mr. H.S. Tomlinson
Wellsprings Farm Ltd





REGISTERED OFFICE: Southlands
The Avenue
Eaglescliffe
Stockton-on Tees
TS16 9AS





REGISTERED NUMBER: OC421104 (England and Wales)





ACCOUNTANTS: Baines Jewitt Limited
Chartered Accountants
Spitfire House
19 Falcon Court
Preston Farm Industrial Estate
Stockton-on-Tees
TS18 3TU

CO. DURHAM LAND LLP (REGISTERED NUMBER: OC421104)

REPORT OF THE MEMBERS
FOR THE YEAR ENDED 29 FEBRUARY 2024


The members present their report with the financial statements of the LLP for the year ended 29 February 2024.

DESIGNATED MEMBERS
The designated members during the year under review were:

Mr. M.A. Allan
Mr. J. Crozier
Mr. C. Crozier
Mr. A. Crozier
North of England Estates Limited
Theakston Estates (Developments) Limited
Theakston Estates (Properties) Limited
Theakston Estates Limited
Mr. P. Tipling
Mr. J. Tipling
Mr. D. Tipling
Mr. B.S. Tipling
Mr. H.S. Tomlinson
Wellsprings Farm Ltd
Mrs. V.P.G. Allan

Mrs. V.P.G. Allan ceased to be a member of the LLP with effect from 6 September 2023.

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS
The loss for the year before members' remuneration and profit shares was £3,224 (2023 - £3,120 loss).

MEMBERS' INTERESTS
Under the terms of the LLP Agreement, the Professional Member (as defined therein) agrees to contribute such capital as is required by the LLP and to ensure that the LLP has sufficient funds to discharge its liabilities as they fall due.

ON BEHALF OF THE MEMBERS:





Theakston Estates (Properties) Limited - Designated member


19 November 2024

CO. DURHAM LAND LLP (REGISTERED NUMBER: OC421104)

INCOME STATEMENT
FOR THE YEAR ENDED 29 FEBRUARY 2024

2024 2023
£ £

TURNOVER - -

Administrative expenses 3,224 3,120
OPERATING LOSS and
LOSS FOR THE FINANCIAL YEAR
BEFORE MEMBERS' REMUNERATION
AND PROFIT SHARES AVAILABLE
FOR DISCRETIONARY DIVISION
AMONG MEMBERS




(3,224




)




(3,120




)

CO. DURHAM LAND LLP (REGISTERED NUMBER: OC421104)

BALANCE SHEET
29 FEBRUARY 2024

2024 2023
Notes £ £
CURRENT ASSETS
Development work in progress 2,991,120 2,461,898
Debtors 4 66,872 61,837
Cash at bank 721 976
3,058,713 2,524,711
CREDITORS
Amounts falling due within one year 5 3,054,713 2,520,711
NET CURRENT ASSETS 4,000 4,000
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

4,000

4,000

LOANS AND OTHER DEBTS DUE TO
MEMBERS

6

4,000

4,000

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 6 4,000 4,000
Amounts due from members 4 (5,344 ) (2,120 )
(1,344 ) 1,880

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 29 February 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 in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The financial statements were approved by the members of the LLP and authorised for issue on 19 November 2024 and were signed by:



Theakston Estates (Properties) Limited - Designated member

CO. DURHAM LAND LLP (REGISTERED NUMBER: OC421104)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024


1. STATUTORY INFORMATION

Co. Durham Land 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.

Development work in progress
Development work in progress is stated at the lower of cost and estimated net realisable value.

3. EMPLOYEE INFORMATION

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Other debtors 66,872 61,837

Included in other debtors above is a total of £5,344 due from one member, Theakston Estates (Properties) Limited (2023: £2,120).

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade creditors 245,016 64,577
Other creditors 2,809,697 2,456,134
3,054,713 2,520,711

6. LOANS AND OTHER DEBTS DUE TO MEMBERS

In the event of winding up, amounts in 'Loans and other debts due to members' (other than members' capital classified as debt) would rank pari-passu with other creditors who are unsecured save to the extent that such other creditors have protection which is legally enforceable and cannot be revoked solely by a decision of the members.

7. RELATED PARTY DISCLOSURES

At 29 February 2024 £2,805,929 (2023: £2,452,416) was owed to a related party.

8. OTHER INFORMATION

At the balance sheet date the LLP held Options over various parcels of land in the Westpark/Sniperley area of County Durham.