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REGISTERED NUMBER: OC374124 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Holme Construction LLP

Holme Construction LLP (Registered number: OC374124)






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




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Holme Construction LLP

General Information
for the Year Ended 31 March 2024







DESIGNATED MEMBERS: Mr G J Little
Mrs C J Little





REGISTERED OFFICE: Croft House
Abbeytown
Wigton
Cumbria
CA7 4RU





REGISTERED NUMBER: OC374124 (England and Wales)





ACCOUNTANTS: Benson Accountants
Wiza House
Station Road
Wigton
Cumbria
CA7 9BA

Holme Construction LLP (Registered number: OC374124)

Balance Sheet
31 March 2024

31/3/24 31/3/23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 3,590 4,037
Investment property 5 1,040,934 988,371
1,044,524 992,408

CURRENT ASSETS
Debtors 6 70 -
Cash at bank 28,975 83,637
29,045 83,637
CREDITORS
Amounts falling due within one year 7 1,665 1,679
NET CURRENT ASSETS 27,380 81,958
TOTAL ASSETS LESS CURRENT LIABILITIES 1,071,904 1,074,366

CREDITORS
Amounts falling due after more than one
year

8

872,977

872,977
NET ASSETS ATTRIBUTABLE TO MEMBERS 198,927 201,389

Holme Construction LLP (Registered number: OC374124)

Balance Sheet - continued
31 March 2024

31/3/24 31/3/23
Notes £    £    £    £   
LOANS AND OTHER DEBTS DUE TO
MEMBERS

9

155,697

157,311

MEMBERS' OTHER INTERESTS
Other reserves 43,230 44,078
198,927 201,389

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 9 155,697 157,311
Members' other interests 43,230 44,078
198,927 201,389

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 March 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 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 16 September 2024 and were signed by:




Mr G J Little - Designated member




Mrs C J Little - Designated member


Holme Construction LLP (Registered number: OC374124)

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

1. STATUTORY INFORMATION

Holme Construction 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.

Turnover
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, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of twenty years.

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the identifiable assets and liabilities. It is amortised to the profit and loss account over its estimated economic life.
Amortisation is provided at the following rates:

Goodwill - 20 years straight line

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

3. EMPLOYEES AND MEMBERS

The average number of employees during the year was 2 (2023 - 2 ) .

Holme Construction LLP (Registered number: OC374124)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 8,947
AMORTISATION
At 1 April 2023 4,910
Amortisation for year 447
At 31 March 2024 5,357
NET BOOK VALUE
At 31 March 2024 3,590
At 31 March 2023 4,037

5. INVESTMENT PROPERTY

The 2014 valuations were made by the members, on an open market value for existing use basis.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Trade debtors 70 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Other creditors 1,665 1,679

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31/3/24 31/3/23
£    £   
Other creditors 872,977 872,977

9. 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. There are no restrictions or limitations on the ability of the members to reduce the amount of ‘Members’ other interests'.

10. RELATED PARTY DISCLOSURES

Holme Construction Limited, a company owned by Mr G J Little and Mrs C J Little, was a member of Holme Construction LLP throughout the period.

Holme Construction LLP has a loan with Holme Construction (UK) Limited. This is included in other creditors and amounts to £872,977 (2023 - £872,977).