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REGISTERED NUMBER: OC439139 (England and Wales)











FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 MARCH 2024

FOR

CANDSTEPH FAMILY PARTNERSHIP LLP

CANDSTEPH FAMILY PARTNERSHIP LLP (REGISTERED NUMBER: OC439139)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 MARCH 2024










Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CANDSTEPH FAMILY PARTNERSHIP LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 30 MARCH 2024







DESIGNATED MEMBERS: P P Everett
Mrs S D Everett
PSCS Property Limited





REGISTERED OFFICE: Bryant House
Bryant Road
Strood
Rochester
Kent
ME2 3EW





BUSINESS ADDRESS:





REGISTERED NUMBER: OC439139 (England and Wales)





ACCOUNTANTS: Friend & Grant Ltd
Bryant House
Bryant Road
Strood
Rochester
Kent
ME2 3EW

CANDSTEPH FAMILY PARTNERSHIP LLP (REGISTERED NUMBER: OC439139)

BALANCE SHEET
30 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,081,000 1,820,000

CURRENT ASSETS
Cash at bank - 967

CREDITORS
Amounts falling due within one year 5 3,204 11,440
NET CURRENT LIABILITIES (3,204 ) (10,473 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,077,796

1,809,527

CREDITORS
Amounts falling due after more than one
year

6

522,692

724,061
NET ASSETS ATTRIBUTABLE TO
MEMBERS

1,555,104

1,085,466

LOANS AND OTHER DEBTS DUE TO
MEMBERS

7

1,555,104

1,085,466

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 7 1,555,104 1,085,466

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 30 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.

CANDSTEPH FAMILY PARTNERSHIP LLP (REGISTERED NUMBER: OC439139)

BALANCE SHEET - continued
30 MARCH 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 31 March 2024 and were signed by:





P P Everett - Designated member

CANDSTEPH FAMILY PARTNERSHIP LLP (REGISTERED NUMBER: OC439139)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 MARCH 2024


1. STATUTORY INFORMATION

Candsteph Family 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.

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 as modified by the revaluation of certain assets.

The financial statements have been compiled on a basis which enables profits to be calculated in accordance with generally accepted accounting practice and which provides sufficient and relevant information to enable the completion of a tax return.

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.

3. EMPLOYEE INFORMATION

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

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST OR VALUATION
At 31 March 2023 1,820,000
Revaluations 261,000
At 30 March 2024 2,081,000
NET BOOK VALUE
At 30 March 2024 2,081,000
At 30 March 2023 1,820,000

Cost or valuation at 30 March 2024 is represented by:

Land and
buildings
£   
Valuation in 2024 2,081,000

CANDSTEPH FAMILY PARTNERSHIP LLP (REGISTERED NUMBER: OC439139)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 MARCH 2024


5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 3,204 11,440

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 522,692 724,061

7. LOANS AND OTHER DEBTS DUE TO MEMBERS

Members rank ahead of other creditors in liquidation