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REGISTERED NUMBER: OC325722 (England and Wales)


















CONWY WATER GARDENS LLP

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024






CONWY WATER GARDENS LLP (REGISTERED NUMBER: OC325722)






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




Page

General Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


CONWY WATER GARDENS LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DESIGNATED MEMBERS: J P Harrison Esq
Mrs A H Harrison





REGISTERED OFFICE: Acer House
Glyn Isa
Rowen
Conwy
LL32 8TP





REGISTERED NUMBER: OC325722 (England and Wales)





ACCOUNTANTS: Hawley and Company
Chartered Accountants & Chartered Tax Advisers
First Floor Suite
23 Trinity Square
LLANDUDNO
North Wales
LL30 2RH

CONWY WATER GARDENS LLP (REGISTERED NUMBER: OC325722)

STATEMENT OF FINANCIAL POSITION
29 FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1 1
Tangible assets 5 410,549 412,853
410,550 412,854

CURRENT ASSETS
Stocks 6 5,030 5,030
Debtors 7 334 518
Cash at bank and in hand 12,349 48,030
17,713 53,578
CREDITORS
Amounts falling due within one year 8 99,684 109,053
NET CURRENT LIABILITIES (81,971 ) (55,475 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

328,579

357,379

CREDITORS
Amounts falling due after more than one year 9 60,865 81,394
NET ASSETS ATTRIBUTABLE TO
MEMBERS

267,714

275,985

LOANS AND OTHER DEBTS DUE TO
MEMBERS

11

267,714

275,985

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 11 267,714 275,985

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.

CONWY WATER GARDENS LLP (REGISTERED NUMBER: OC325722)

STATEMENT OF FINANCIAL POSITION - continued
29 FEBRUARY 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 22 November 2024 and were signed by:





J P Harrison Esq - Designated member

CONWY WATER GARDENS LLP (REGISTERED NUMBER: OC325722)

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

1. STATUTORY INFORMATION

Conwy Water Gardens 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.

Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill arose on the acquisition of the business on 27 February 2007. As the goodwill arising on this transaction was £1, there is no amortisation charge in the accounts.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
Pension contributions paid on behalf of staff and are charged against profits in the accounting period in which they are paid.

Government grants
Government grants in respect of capital expenditure are credited to deferred income and are released to profit over the expected useful lives of the relevant assets by equal annual instalments. Grants of a revenue nature are credited to income so as to match them with the expenditure to which they relate.

Trade and other debtors
Trade and other debtors are initially recognised at their transaction price, less impairment losses for bad and doubtful debts.

Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks and other short-term highly liquid investments with original maturities of 3 months or less.

Trade and other creditors
Trade and other creditors are initially recognised at their transaction price.

CONWY WATER GARDENS LLP (REGISTERED NUMBER: OC325722)

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

3. EMPLOYEE INFORMATION

The average number of employees during the year was 8 (2023 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2023
and 29 February 2024 1
NET BOOK VALUE
At 29 February 2024 1
At 28 February 2023 1

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 March 2023
and 29 February 2024 401,771 41,578 34,265
DEPRECIATION
At 1 March 2023 - 36,014 29,455
Charge for year - 1,391 722
At 29 February 2024 - 37,405 30,177
NET BOOK VALUE
At 29 February 2024 401,771 4,173 4,088
At 28 February 2023 401,771 5,564 4,810

CONWY WATER GARDENS LLP (REGISTERED NUMBER: OC325722)

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

5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 March 2023
and 29 February 2024 8,848 2,039 488,501
DEPRECIATION
At 1 March 2023 8,315 1,864 75,648
Charge for year 133 58 2,304
At 29 February 2024 8,448 1,922 77,952
NET BOOK VALUE
At 29 February 2024 400 117 410,549
At 28 February 2023 533 175 412,853

6. STOCKS
2024 2023
£    £   
Stocks 5,030 5,030

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Prepayments 334 518

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 42,824 20,000
Trade creditors 11,225 16,731
Social security and other taxes 6,238 6,653
Accruals 39,397 65,669
99,684 109,053

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Mortgage 1-2 years 10,000 10,000
Mortgage 2-5 years 30,000 30,000
Bank loan 13,378 23,397
Mortgage over 5 years 7,487 17,997
60,865 81,394

CONWY WATER GARDENS LLP (REGISTERED NUMBER: OC325722)

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

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2024 2023
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Mortgage over 5 years 7,487 17,997

10. SECURED DEBTS

The bank overdraft and mortgage are secured by a fixed and floating charge over the assets of the business.

11. LOANS AND OTHER DEBTS DUE TO MEMBERS

'Loans and other debts due to members' ranks equally with debts due to unsecured creditors, in the event of a winding up.