REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024 |
FOR |
ENGLISH OAK ESTATES LLP |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024 |
FOR |
ENGLISH OAK ESTATES LLP |
ENGLISH OAK ESTATES LLP (REGISTERED NUMBER: OC336623) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 APRIL 2024 |
Page |
Balance sheet | 1 |
Notes to the financial statements | 3 |
ENGLISH OAK ESTATES LLP (REGISTERED NUMBER: OC336623) |
BALANCE SHEET |
30 APRIL 2024 |
2024 | 2023 |
Notes | £ | £ | £ | £ |
Fixed assets |
Tangible assets | 4 |
Investment property | 5 |
Current assets |
Debtors | 6 |
Cash at bank |
Creditors |
Amounts falling due within one year | 7 |
Net current liabilities | ( |
) | ( |
) |
Total assets less current liabilities |
and |
Net assets attributable to members | 1,027,039 | 1,039,338 |
Loans and other debts due to members | - | - |
Members' other interests |
Capital accounts | 437,024 | 449,323 |
Fair value reserve | 8 |
1,027,039 | 1,039,338 |
Total members' interests |
Members' other interests | 1,027,039 | 1,039,338 |
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. |
ENGLISH OAK ESTATES LLP (REGISTERED NUMBER: OC336623) |
BALANCE SHEET - continued |
30 APRIL 2024 |
The financial statements were approved by the members of the LLP and authorised for issue on |
ENGLISH OAK ESTATES LLP (REGISTERED NUMBER: OC336623) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 APRIL 2024 |
1. | Statutory information |
English Oak Estates LLP is a private limited liability partnership, registered in England and Wales. The registered number is OC336623. The registered office is 7 & 8 Church Street, Wimborne, Dorset, BH21 1JH and business address is Forest Lodge, Holt Forest, Wimborne, Dorset, BH21 7BT. |
2. | Accounting policies |
Basis of preparing the financial statements |
Turnover |
Turnover represents rental income relating to the year. |
Tangible fixed assets |
Fixtures and fittings | - |
Motor vehicles | - |
Computer equipment | - |
Financial instruments |
Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities. |
At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate. |
Members' remuneration |
A member's share in the profit or loss for the year is accounted for as an allocation of profits. Unallocated profits and losses are included within other reserves. |
Freehold investment property |
In accordance with the Limited Liability Partnership Statement of Recommended Practice, investment properties are revalued annually to their fair value and the aggregate surplus or deficit is transferred to the revaluation reserve, except where a deficit on an individual investment property is expected to be permanent in which case it is charged (or credited, where a deficit is reversed) to the profit and loss account for the year. No depreciation is provided in respect of investment properties. |
3. | Employee information |
The average number of employees during the year was |
ENGLISH OAK ESTATES LLP (REGISTERED NUMBER: OC336623) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 APRIL 2024 |
4. | Tangible fixed assets |
Plant, |
fixtures | Fixtures |
and | and | Motor | Computer |
equipment | fittings | vehicles | equipment | Totals |
£ | £ | £ | £ | £ |
Cost |
At 1 May 2023 |
and 30 April 2024 |
Depreciation |
At 1 May 2023 |
Charge for year |
At 30 April 2024 |
Net book value |
At 30 April 2024 |
At 30 April 2023 |
5. | Investment property |
Total |
£ |
Fair value |
At 1 May 2023 |
and 30 April 2024 |
Net book value |
At 30 April 2024 |
At 30 April 2023 |
Fair value at 30 April 2024 is represented by: |
£ |
Valuation in 2016 | 10,015 |
Valuation in 2018 | 330,000 |
Valuation in 2023 | 250,000 |
Cost | 509,985 |
1,100,000 |
Freehold investment property was valued by Goadsby Estate Agents on 02 March 2023 on an open market basis and this value is considered to remain its fair value. |
6. | Debtors: amounts falling due within one year |
2024 | 2023 |
£ | £ |
Prepayments and accrued income |
ENGLISH OAK ESTATES LLP (REGISTERED NUMBER: OC336623) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 APRIL 2024 |
7. | Creditors: amounts falling due within one year |
2024 | 2023 |
£ | £ |
Trade creditors |
Accruals and deferred income |
8. | Reserves |
Fair |
value |
reserve |
£ |
At 1 May 2023 |
At 30 April 2024 |