Registered number
OC383738
Ashdown Forest Economic Development LLP
Unaudited Filleted Accounts
31 March 2024
Ashdown Forest Economic Development LLP
Registered number: OC383738
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Current assets
Debtors 3 113 113
Creditors: amounts falling due within one year 4 (588) (588)
Net current liabilities (475) (475)
Total assets less current liabilities (475) (475)
Net liabilities attributable to members (475) (475)
Represented by:
Members' other interests
Members' capital classified as equity 100 100
Other reserves (575) (575)
(475) (475)
(475) (475)
Total members' interests
Members' other interests (475) (475)
(475) (475)
For the year ended 31 March 2024 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied to LLPs).
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The profit and loss account has not been delivered to the Registrar of Companies.
These accounts were approved by the members on 3 December 2024 and signed on their behalf by:
For and on behalf of Baycliffe Limited
Designated member
Ashdown Forest Economic Development LLP
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Division of profits
Profits are treated as being available for discretionary division only if the LLP has an unconditional right to refuse payment of the profits of a particular year unless and until the members agree to divide them. Profits are otherwise automatically divided and included under Members’ remuneration charged as an expense in the profit and loss account.
Taxation
Taxation is not provided for in the accounts as taxation is the personal liability of the members. Any amounts held by the LLP on behalf of members in respect of their tax liabilities are treated as debts due to members.
Members' capital
Members' capital is classified as debt and not equity if there is a contractual obligation for the LLP to repay the capital to members, even if that obligation is conditional.
2 Employees 2024 2023
Number Number
Average number of persons employed by the LLP - -
3 Debtors 2024 2023
£ £
Other debtors 113 113
4 Creditors: amounts falling due within one year 2024 2023
£ £
Other creditors 588 588
5 Controlling party
Baycliffe Limited and The Nevill Estate Company Limited jointly control the LLP.
6 Other information
Ashdown Forest Economic Development LLP is a limited liability partnership incorporated in England. Its registered office is:
Estate Office
Eridge Park
Tunbridge Wells
TN3 9JT
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