0 false false false false false false false false false false false false false false false false false No description of principal activity 2023-03-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP OC430758 2023-03-01 2024-02-29 OC430758 2024-02-29 OC430758 2023-02-28 OC430758 2022-03-01 2023-02-28 OC430758 2023-02-28 OC430758 2022-02-28 OC430758 bus:Director6 2023-03-01 2024-02-29 OC430758 core:WithinOneYear 2024-02-29 OC430758 core:WithinOneYear 2023-02-28 OC430758 core:AfterOneYear 2023-02-28 OC430758 bus:SmallEntities 2023-03-01 2024-02-29 OC430758 bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 OC430758 bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 OC430758 bus:LimitedLiabilityPartnershipLLP 2023-03-01 2024-02-29 OC430758 bus:FullAccounts 2023-03-01 2024-02-29
REGISTERED NUMBER: OC430758
CAYUGA 009 LLP
FILLETED UNAUDITED FINANCIAL STATEMENTS
29 February 2024
CAYUGA 009 LLP
STATEMENT OF FINANCIAL POSITION
29 February 2024
2024
2023
Note
£
£
£
Current assets
Stocks
3,247,520
Debtors
4
1,688
15,589
Cash at bank and in hand
4,591
29,597
-------
-------------
6,279
3,292,706
Creditors: amounts falling due within one year
5
6,279
209,589
-------
-------------
Net current assets
3,083,117
----
-------------
Total assets less current liabilities
3,083,117
Creditors: amounts falling due after more than one year
6
1,708,117
----
-------------
Net assets
1,375,000
----
-------------
Represented by:
Loans and other debts due to members
Other amounts
Members' other interests
Members' capital classified as equity
1,375,000
Other reserves
----
-------------
1,375,000
----
-------------
Total members' interests
Amounts due from members
(176)
(937)
Loans and other debts due to members
Members' other interests
1,375,000
----
-------------
(176)
1,374,063
----
-------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006 (as applied to LLPs), the statement of comprehensive income has not been delivered.
CAYUGA 009 LLP
STATEMENT OF FINANCIAL POSITION (continued)
29 February 2024
For the year ending 29 February 2024 the LLP 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) relating to small LLPs.
The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the members and authorised for issue on 25 November 2024 , and are signed on their behalf by:
Yukon Reserves Ltd
Designated Member
Registered number: OC430758
CAYUGA 009 LLP
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 29 FEBRUARY 2024
1.
General information
The LLP is registered in England and Wales. The address of the registered office is Cayuga House, 2a Addison Road, Hove, BN3 1TN.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2018 (SORP 2018).
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Members' participation rights
Members' participation rights are the rights of a member against the LLP that arise under the members' agreement (for example, in respect of amounts subscribed or otherwise contributed, remuneration and profits).
Members' participation rights in the earnings or assets of the LLP are analysed between those that are, from the LLP's perspective, either a financial liability or equity, in accordance with Section 22 of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liability Partnerships'. A member's participation right results in a liability unless the right to any payment is discretionary on the part of the LLP.
Amounts subscribed or otherwise contributed by members, for example members' capital, are classed as equity if the LLP has an unconditional right to refuse payment to members. If the LLP does not have such an unconditional right, such amounts are classified as liabilities.
Where profits are automatically divided as they arise, so the LLP does not have an unconditional right to refuse payment, the amounts arising that are due to members are in the nature of liabilities. They are therefore treated as an expense in the statement of comprehensive income in the relevant year. To the extent that they remain unpaid at the year end, they are shown as liabilities in the statement of financial position.
Conversely, where profits are divided only after a decision by the LLP or its representative, so that the LLP has an unconditional right to refuse payment, such profits are classed as an appropriation of equity rather than as an expense. They are therefore shown as a residual amount available for discretionary division among members in the statement of comprehensive income and are equity appropriations in the statement of financial position.
Other amounts applied to members, for example remuneration paid under an employment contract and interest on capital balances, are treated in the same way as all other divisions of profits, as described above, according to whether the LLP has, in each case, an unconditional right to refuse payment.
All amounts due to members that are classified as liabilities are presented in the statement of financial position within 'Loans and other debts due to members' and are charged to the statement of comprehensive income within 'Members' remuneration charged as an expense'. Amounts due to members that are classified as equity are shown in the statement of financial position within 'Members' other interests'.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition. Cayuga 009 LLP is adopting the policy of capitalising borrowing costs that are directly attributable to the construction of the development.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
4.
Debtors
2024
2023
£
£
Amounts owed by group undertakings and undertakings in which the LLP has a participating interest
1,512
Other debtors
176
15,589
-------
---------
1,688
15,589
-------
---------
5. Creditors: amounts falling due within one year
2024
2023
£
£
Amounts owed to group undertakings and undertakings in which the LLP has a participating interest
16,501
Social security and other taxes
3,779
Other creditors
2,500
193,088
-------
----------
6,279
209,589
-------
----------
6. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
1,708,117
----
-------------
The loan as shown within the financial statements is secured by way of a first fixed and floating charge over the assets of the LLP.