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REGISTERED NUMBER: OC441404 (England and Wales)















Report of the Members and

Unaudited Financial Statements

for the Year Ended 31 July 2024

for

Cathedral (Moulsecoomb) Advisory LLP

Cathedral (Moulsecoomb) Advisory LLP (Registered number: OC441404)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

General Information 1

Report of the Members 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 6


Cathedral (Moulsecoomb) Advisory LLP

General Information
for the Year Ended 31 July 2024







DESIGNATED MEMBERS: Cathedral (Moulsecoomb) Ltd
MTRE Group Ltd





REGISTERED OFFICE: New House
High Street
Ticehurst
East Sussex
TN5 7AL





REGISTERED NUMBER: OC441404 (England and Wales)





ACCOUNTANTS: Willsons
Chartered Accountants
Carlton House
High Street
Higham Ferrers
Northamptonshire
NN10 8BW

Cathedral (Moulsecoomb) Advisory LLP (Registered number: OC441404)

Report of the Members
for the Year Ended 31 July 2024

The members present their report with the financial statements of the LLP for the year ended 31 July 2024.

PRINCIPAL ACTIVITY
The principal activity of the LLP in the year under review was that of property development.

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

Cathedral (Moulsecoomb) Ltd
MTRE Group Ltd

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS
The loss for the year before members' remuneration and profit shares was £7,155 (2023 - £6,763 loss).

MEMBERS' INTERESTS
There are no members' subscriptions, only members' loans and these are covered in Note 6 to the accounts.

POLITICAL DONATIONS AND EXPENDITURE
During the year, £5,000 of donation was made to Forest Garden MFG.

ON BEHALF OF THE MEMBERS:





MTRE Group Ltd - Designated member


21 November 2024

Cathedral (Moulsecoomb) Advisory LLP (Registered number: OC441404)

Income Statement
for the Year Ended 31 July 2024

31.7.24 31.7.23
£    £   

TURNOVER - -

Administrative expenses 7,215 6,763
OPERATING LOSS (7,215 ) (6,763 )

Interest receivable and similar income 60 -
LOSS FOR THE FINANCIAL YEAR
BEFORE MEMBERS' REMUNERATION
AND PROFIT SHARES AVAILABLE FOR
DISCRETIONARY DIVISION AMONG
MEMBERS




(7,155




)




(6,763




)

Cathedral (Moulsecoomb) Advisory LLP (Registered number: OC441404)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £   
CURRENT ASSETS
Stocks 1,728,079 1,673,749
Debtors 4 54,797 23,501
Cash at bank 40,388 15,236
1,823,264 1,712,486
CREDITORS
Amounts falling due within one year 5 13,264 32,486
NET CURRENT ASSETS 1,810,000 1,680,000
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

1,810,000

1,680,000

LOANS AND OTHER DEBTS DUE TO
MEMBERS

6

1,810,000

1,680,000

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 6 1,810,000 1,680,000
Amounts due from members 4 (14,797 ) (7,642 )
1,795,203 1,672,358

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 July 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.

Cathedral (Moulsecoomb) Advisory LLP (Registered number: OC441404)

Balance Sheet - continued
31 July 2024


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 21 November 2024 and were signed by:





MTRE Group Ltd - Designated member

Cathedral (Moulsecoomb) Advisory LLP (Registered number: OC441404)

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

1. STATUTORY INFORMATION

Cathedral (Moulsecoomb) Advisory 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.

Stocks
Work in progress is valued at the lower of cost and net realisable value and it relates to a project being provided in conjunction with a related company.

Turnover
There was no turnover prior to the balance sheet date.

Rendering of services
When the outcome of work can be estimated reliably, turnover from the work done is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to percentage of job completed. Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEE INFORMATION

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Amounts due from members 14,797 7,642
VAT - 15,859
Prepayments 40,000 -
54,797 23,501

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade creditors - 30,580
VAT 12,168 -
Accrued expenses 1,096 1,906
13,264 32,486

Cathedral (Moulsecoomb) Advisory LLP (Registered number: OC441404)

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

6. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank equally with debts due to unsecured creditors in the event of a winding up. There is no provision for specific legally enforceable protection afforded to creditors in such an event.