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REGISTERED NUMBER: OC398962 (England and Wales)














ROOTS HASTINGS LLP

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2024






ROOTS HASTINGS LLP (REGISTERED NUMBER: OC398962)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024










Page

General Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 5


ROOTS HASTINGS LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 5 APRIL 2024







DESIGNATED MEMBERS: D V Turner
R Edwards





REGISTERED OFFICE: 24 Landgate
Landgate Chambers
Rye
East Sussex
TN31 7LJ





REGISTERED NUMBER: OC398962 (England and Wales)





ACCOUNTANTS: Gibbons Mannington & Phipps LLP
Chartered Accountants
Landgate Chambers
24 Landgate
Rye
East Sussex
TN31 7LJ

ROOTS HASTINGS LLP (REGISTERED NUMBER: OC398962)

BALANCE SHEET
5 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,152 1,536
Investment property 5 216,643 216,643
217,795 218,179

CURRENT ASSETS
Cash at bank 2,981 1,969

CREDITORS
Amounts falling due within one year 6 4,567 7,007
NET CURRENT LIABILITIES (1,586 ) (5,038 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

216,209

213,141

CREDITORS
Amounts falling due after more than
one year

7

5,743

6,854
NET ASSETS ATTRIBUTABLE TO
MEMBERS

210,466

206,287

LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

210,466

206,287

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 210,466 206,287

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 5 April 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.

ROOTS HASTINGS LLP (REGISTERED NUMBER: OC398962)

BALANCE SHEET - continued
5 APRIL 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 December 2024 and were signed by:





D V Turner - Designated member

ROOTS HASTINGS LLP (REGISTERED NUMBER: OC398962)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024


1. STATUTORY INFORMATION

Roots Hastings 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 represents rental income receivable. Turnover in 2016 represented the sale of a property.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance

INVESTMENT PROPERTY
The investment property is shown at cost. The members consider this is a true reflection of the current valuation.

HIRE PURCHASE AND LEASING COMMITMENTS
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEE INFORMATION

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 6 April 2023
and 5 April 2024 3,000
DEPRECIATION
At 6 April 2023 1,464
Charge for year 384
At 5 April 2024 1,848
NET BOOK VALUE
At 5 April 2024 1,152
At 5 April 2023 1,536

ROOTS HASTINGS LLP (REGISTERED NUMBER: OC398962)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5 APRIL 2024


5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 6 April 2023
and 5 April 2024 216,643
NET BOOK VALUE
At 5 April 2024 216,643
At 5 April 2023 216,643

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 1,111 1,111
Trade creditors 2,016 1,628
Other creditors 1,440 4,268
4,567 7,007

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 5,743 6,854

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 188 1,299

8. LOANS AND OTHER DEBTS DUE TO MEMBERS

The designated members intend to provide continuing finance to the LLP by way of loan capital accounts commensurate with the working capital needs of the LLP.

Members interests rank after unsecured creditors and all other expenses of the LLP in the event of a winding up.

No other special protection is provided to creditors.