IRIS Accounts Production v24.3.2.46 OC348509 designated member designated member 1.10.23 31.3.24 31.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhOC3485092023-09-30OC3485092024-03-31OC3485092023-10-012024-03-31OC3485092022-09-30OC3485092022-10-012023-09-30OC3485092023-09-30OC348509ns15:EnglandWales2023-10-012024-03-31OC348509ns14:PoundSterling2023-10-012024-03-31OC348509ns10:PartnerLLP12023-10-012024-03-31OC348509ns10:PartnerLLP22023-10-012024-03-31OC348509ns10:LimitedLiabilityPartnershipLLP2023-10-012024-03-31OC348509ns10:SmallEntities2023-10-012024-03-31OC348509ns10:AuditExemptWithAccountantsReport2023-10-012024-03-31OC348509ns10:SmallCompaniesRegimeForAccounts2023-10-012024-03-31OC348509ns10:LimitedLiabilityPartnershipsSORP2023-10-012024-03-31OC348509ns10:FullAccounts2023-10-012024-03-31OC348509ns10:PartnerLLP32023-10-012024-03-31OC348509ns10:RegisteredOffice2023-10-012024-03-31OC348509ns5:CurrentFinancialInstruments2024-03-31OC348509ns5:CurrentFinancialInstruments2023-09-30OC348509ns5:Non-currentFinancialInstruments2024-03-31OC348509ns5:Non-currentFinancialInstruments2023-09-30OC348509ns5:PlantMachinery2023-10-012024-03-31OC348509ns5:OwnedAssets2023-10-012024-03-31OC348509ns5:OwnedAssets2022-10-012023-09-30OC348509ns5:LandBuildings2023-09-30OC348509ns5:PlantMachinery2023-09-30OC348509ns5:LandBuildings2023-10-012024-03-31OC348509ns5:LandBuildings2024-03-31OC348509ns5:PlantMachinery2024-03-31OC348509ns5:LandBuildings2023-09-30OC348509ns5:PlantMachinery2023-09-30OC348509ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-31OC348509ns5:WithinOneYearns5:CurrentFinancialInstruments2023-09-30
REGISTERED NUMBER: OC348509 (England and Wales)















Report of the Members and

Unaudited Financial Statements for the Period 1 October 2023 to 31 March 2024

for

Express Developments Leeds LLP

Express Developments Leeds LLP (Registered number: OC348509)






Contents of the Financial Statements
for the Period 1 October 2023 to 31 March 2024




Page

General Information 1

Report of the Members 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 6


Express Developments Leeds LLP

General Information
for the Period 1 October 2023 to 31 March 2024







DESIGNATED MEMBERS: Mr B A Bowling
Mr M Fox
Mr D Holmes
Mr I S Watson





REGISTERED OFFICE: Scatcherd Works
Scatcherd Lane
Morley
Leeds
West Yorkshire
LS27 9BE





REGISTERED NUMBER: OC348509 (England and Wales)





ACCOUNTANTS: KJA Kilner Johnson Ltd
Network House
Stubs Beck Lane
Cleckheaton
BD19 4TT

Express Developments Leeds LLP (Registered number: OC348509)

Report of the Members
for the Period 1 October 2023 to 31 March 2024

The members present their report with the financial statements of the LLP for the period 1 October 2023 to 31 March 2024.

PRINCIPAL ACTIVITY
The principal activity of the LLP in the period under review was that of the provision of rented property and related services at Scatcherd Works, Morley, Leeds.

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

Mr B A Bowling
Mr M Fox
Mr D Holmes
Mr I S Watson

RESULTS FOR THE PERIOD AND ALLOCATION TO MEMBERS
The profit for the period before members' remuneration and profit shares was £3,601 (2023 - £5,693 profit).

MEMBERS' INTERESTS
The members agreed to subscribe in the acquisition of the property at Scatcherd Works. The property has been acquired by means of a six year interest free loan repayment schedule granted by the property vendors. Rents receivable from the letting of the property are used to repay the outstanding loan. The capital balances of the members effectively reflect the unencumbered equity acquired to date in the property.

ON BEHALF OF THE MEMBERS:





Mr D Holmes - Designated member


16 January 2025

Express Developments Leeds LLP (Registered number: OC348509)

Income Statement
for the Period 1 October 2023 to 31 March 2024

Period
1.10.23
to Year Ended
31.3.24 30.9.23
Notes £    £   

TURNOVER 15,561 28,730

Administrative expenses 9,517 20,772
OPERATING PROFIT 4 6,044 7,958

Interest receivable and similar income 150 443
6,194 8,401

Interest payable and similar expenses 2,593 2,708
PROFIT FOR THE FINANCIAL PERIOD
BEFORE MEMBERS' REMUNERATION
AND PROFIT SHARES


3,601


5,693

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


3,601


5,693

Members' remuneration charged as an
expense

5

(3,601

)

(5,693

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


-


-

Express Developments Leeds LLP (Registered number: OC348509)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 6 515,542 515,620

CURRENT ASSETS
Debtors 7 4,108 2,500
Cash at bank 15,542 36,844
19,650 39,344
CREDITORS
Amounts falling due within one year 8 11,907 22,291
NET CURRENT ASSETS 7,743 17,053
TOTAL ASSETS LESS CURRENT
LIABILITIES

523,285

532,673

CREDITORS
Amounts falling due after more than one
year

9

411,104

424,093
NET ASSETS ATTRIBUTABLE TO
MEMBERS

112,181

108,580

LOANS AND OTHER DEBTS DUE TO
MEMBERS

11

112,181

108,580

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 11 112,181 108,580

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 period 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.

Express Developments Leeds LLP (Registered number: OC348509)

Balance Sheet - continued
31 March 2024


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 16 January 2025 and were signed by:




Mr D Holmes - Designated member




Mr M Fox - Designated member


Express Developments Leeds LLP (Registered number: OC348509)

Notes to the Financial Statements
for the Period 1 October 2023 to 31 March 2024

1. STATUTORY INFORMATION

Express Developments Leeds 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 the rental income from the property held at Scatcherd Works.

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 - 25% reducing balance

3. EMPLOYEE INFORMATION

The average number of employees during the period was 4 (2023 - 4 ) .

4. OPERATING PROFIT

The operating profit is stated after charging:

Period
1.10.23
to Year Ended
31.3.24 30.9.23
£    £   
Depreciation - owned assets 78 206

5. INFORMATION IN RELATION TO MEMBERS
Period
1.10.23
to Year Ended
31.3.24 30.9.23
£    £   
Members' remuneration charged as an expense
Automatic division of profit 3,601 5,693

Express Developments Leeds LLP (Registered number: OC348509)

Notes to the Financial Statements - continued
for the Period 1 October 2023 to 31 March 2024

6. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 October 2023
and 31 March 2024 515,000 19,000 534,000
DEPRECIATION
At 1 October 2023 - 18,380 18,380
Charge for period - 78 78
At 31 March 2024 - 18,458 18,458
NET BOOK VALUE
At 31 March 2024 515,000 542 515,542
At 30 September 2023 515,000 620 515,620

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 4,108 2,500

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 11,907 22,291

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 411,104 424,093

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loan 10,326 19,474

The bank loan is secured by a fixed charge over the company's property. The loan is repayable by equal instalments over 10 years.

11. LOANS AND OTHER DEBTS DUE TO MEMBERS

The loans and other debts due to members (other than members capital classified as debt) would rate behind other creditors in the event of an insolvency.