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REGISTERED NUMBER: OC326195 (England and Wales)











REPORT OF THE MEMBERS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

NEW YARD PARTNERSHIP LLP

NEW YARD PARTNERSHIP LLP (REGISTERED NUMBER: OC326195)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

General Information 1

Report of the Members 2

Income Statement 3

Balance Sheet 4

Reconciliation of Members' Interests 6

Notes to the Financial Statements 8


NEW YARD PARTNERSHIP LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DESIGNATED MEMBERS: Mr N Atkinson Willes
Mr B Atkinson Willes
Mrs A E Atkinson Willes





REGISTERED OFFICE: Lains Farm House
Quarley
Andover
Hampshire
SP11 8PX





REGISTERED NUMBER: OC326195 (England and Wales)





ACCOUNTANTS: Hysons
Chartered Accountants
14 London Street
Andover
Hampshire
SP10 2PA

NEW YARD PARTNERSHIP LLP (REGISTERED NUMBER: OC326195)

REPORT OF THE MEMBERS
FOR THE YEAR ENDED 31 MARCH 2024

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

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

Mr N Atkinson Willes
Mr B Atkinson Willes
Mrs A E Atkinson Willes

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS
The profit for the year before members' remuneration and profit shares was £5,813 (2023 - £9,994 profit).

MEMBERS' INTERESTS
The amount of profit distributed to members is determined by the LLP Agreement.

All members are equity members and share in the profits and subscribe the entire capital of the LLP. Each member's capital subscription is linked to his or her share of profits and is repaid in full on retirement.

ON BEHALF OF THE MEMBERS:





Mrs A E Atkinson Willes - Designated member


27 December 2024

NEW YARD PARTNERSHIP LLP (REGISTERED NUMBER: OC326195)

INCOME STATEMENT
FOR THE YEAR ENDED 31 MARCH 2024

2024 2023
Notes £    £   

TURNOVER 38,643 38,792

Administrative expenses (32,830 ) (28,798 )
OPERATING PROFIT and
PROFIT FOR THE FINANCIAL YEAR
BEFORE MEMBERS'
REMUNERATION AND PROFIT
SHARES



5,813



9,994

PROFIT FOR THE FINANCIAL YEAR
BEFORE MEMBERS'
REMUNERATION AND PROFIT
SHARES



5,813



9,994

Members' remuneration charged as
an expense

6

(5,813

)

(9,994

)
PROFIT FOR THE FINANCIAL YEAR
AVAILABLE FOR DISCRETIONARY
DIVISION AMONG MEMBERS


-


-

NEW YARD PARTNERSHIP LLP (REGISTERED NUMBER: OC326195)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 7 1,767,145 1,771,511

CURRENT ASSETS
Debtors 8 317 2,568
Cash at bank 54,332 54,665
54,649 57,233
CREDITORS
Amounts falling due within one year 9 2,994 15,757
NET CURRENT ASSETS 51,655 41,476
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

1,818,800

1,812,987

NEW YARD PARTNERSHIP LLP (REGISTERED NUMBER: OC326195)

BALANCE SHEET - continued
31 MARCH 2024

2024 2023
Notes £    £    £    £   
LOANS AND OTHER DEBTS DUE
TO MEMBERS

10

1,817,800

1,811,987

MEMBERS' OTHER INTERESTS
Capital accounts 1,000 1,000
1,818,800 1,812,987

TOTAL MEMBERS' INTERESTS
Loans and other debts due to
members

10

1,817,800

1,811,987
Members' other interests 1,000 1,000
1,818,800 1,812,987

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 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 27 December 2024 and were signed by:





Mrs A E Atkinson Willes - Designated member

NEW YARD PARTNERSHIP LLP (REGISTERED NUMBER: OC326195)

RECONCILIATION OF MEMBERS' INTERESTS
FOR THE YEAR ENDED 31 MARCH 2024


EQUITY
Members' other interests
Members'
capital
(classified
as Other
equity) reserves Total
£    £    £   
Balance at 1 April 2023 1,000 - 1,000
Members' remuneration charged as an
expense, including employment and
retirement benefit costs


-


-


-
Profit for the financial year available for
discretionary division among members

-

-

-
Members' interests after profit for the year 1,000 - 1,000
Balance at 31 March 2024 1,000 - 1,000

DEBT TOTAL
Loans and other debts due to MEMBERS'
members less any amounts due INTERESTS
from members in debtors
Other
amounts Total
£    £   
Amount due to members 1,811,987
Amount due from members -
Balance at 1 April 2023 1,811,987 1,812,987
Members' remuneration charged as an
expense, including employment and
retirement benefit costs


5,813


5,813


Profit for the financial year available for
discretionary division among members

-

-

Members' interests after profit for the year 1,817,800 1,818,800
Amount due to members 1,817,800
Amount due from members -
Balance at 31 March 2024 1,817,800 1,818,800

NEW YARD PARTNERSHIP LLP (REGISTERED NUMBER: OC326195)

RECONCILIATION OF MEMBERS' INTERESTS
FOR THE YEAR ENDED 31 MARCH 2024

EQUITY
Members' other interests
Members'
capital
(classified
as Other
equity) reserves Total
£    £    £   
Balance at 1 April 2022 1,000 - 1,000
Members' remuneration charged as an
expense, including employment and
retirement benefit costs


-


-


-
Profit for the financial year available for
discretionary division among members

-

-

-
Members' interests after profit for the year 1,000 - 1,000
Balance at 31 March 2023 1,000 - 1,000

DEBT TOTAL
Loans and other debts due to MEMBERS'
members less any amounts due INTERESTS
from members in debtors
Other
amounts Total
£    £   
Amount due to members 1,801,993
Amount due from members -
Balance at 1 April 2022 1,801,993 1,802,993
Members' remuneration charged as an
expense, including employment and
retirement benefit costs


9,994


9,994


Profit for the financial year available for
discretionary division among members

-

-

Members' interests after profit for the year 1,811,987 1,812,987
Amount due to members 1,811,987
Amount due from members -
Balance at 31 March 2023 1,811,987 1,812,987

NEW YARD PARTNERSHIP LLP (REGISTERED NUMBER: OC326195)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

New Yard Partnership LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

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 - 2% on cost
Plant and machinery - over 20 years
Computer equipment - over 4 years

4. EMPLOYEE INFORMATION

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

5. OPERATING PROFIT

The operating profit is stated after charging:

2024 2023
£    £   
Depreciation - owned assets 4,366 4,366

NEW YARD PARTNERSHIP LLP (REGISTERED NUMBER: OC326195)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

6. INFORMATION IN RELATION TO MEMBERS
2024 2023
£    £   
Members' remuneration charged as an expense
Automatic division of profit 5,813 9,994

7. TANGIBLE FIXED ASSETS
Freehold Plant and Computer
property machinery equipment Totals
£    £    £    £   
COST
At 1 April 2023
and 31 March 2024 1,736,131 87,312 2,606 1,826,049
DEPRECIATION
At 1 April 2023 - 51,933 2,605 54,538
Charge for year - 4,366 - 4,366
At 31 March 2024 - 56,299 2,605 58,904
NET BOOK VALUE
At 31 March 2024 1,736,131 31,013 1 1,767,145
At 31 March 2023 1,736,131 35,379 1 1,771,511

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 317 1,074
Other debtors - 1,494
317 2,568

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 330 -
VAT 1,711 1,504
Other creditors - 13,550
Accrued expenses 953 703
2,994 15,757

NEW YARD PARTNERSHIP LLP (REGISTERED NUMBER: OC326195)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

10. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members' (other than members' capital classified as debt) rank equally with other unsecured creditors in the event of a winding up.