IRIS Accounts Production v24.3.2.46 OC301154 designated member 1.4.23 31.3.24 31.3.24 0 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhOC3011542023-03-31OC3011542024-03-31OC3011542023-04-012024-03-31OC3011542022-03-31OC3011542022-04-012023-03-31OC3011542023-03-31OC301154ns15:EnglandWales2023-04-012024-03-31OC301154ns14:PoundSterling2023-04-012024-03-31OC301154ns10:PartnerLLP12023-04-012024-03-31OC301154ns10:LimitedLiabilityPartnershipLLP2023-04-012024-03-31OC301154ns10:SmallEntities2023-04-012024-03-31OC301154ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-31OC301154ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-31OC301154ns10:LimitedLiabilityPartnershipsSORP2023-04-012024-03-31OC301154ns10:FullAccounts2023-04-012024-03-31OC301154ns10:PartnerLLP22023-04-012024-03-31OC301154ns10:RegisteredOffice2023-04-012024-03-31OC301154ns5:CurrentFinancialInstruments2024-03-31OC301154ns5:CurrentFinancialInstruments2023-03-31OC301154ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-31OC301154ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-31
REGISTERED NUMBER: OC301154 (England and Wales)










Unaudited Financial Statements

For The Year Ended 31 March 2024

for

Avocet Industrial Estates LLP

Avocet Industrial Estates LLP (Registered number: OC301154)






Contents of the Financial Statements
For The Year Ended 31 March 2024




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Avocet Industrial Estates LLP

General Information
For The Year Ended 31 March 2024







DESIGNATED MEMBERS: Clearwater Furbs
Mill Lodge Properties Limited





REGISTERED OFFICE: Wimberley Park Knapp Lane
Brimscombe
Stroud
Gloucestershire
GL5 2TH





REGISTERED NUMBER: OC301154 (England and Wales)





ACCOUNTANTS: Kingscott Dix Limited
Chartered Accountants
Goodridge Court
Goodridge Avenue
Gloucester
Gloucestershire
GL2 5EN

Avocet Industrial Estates LLP (Registered number: OC301154)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £   
CURRENT ASSETS
Stocks 639,097 639,097
Debtors 4 196,480 196,233
Cash at bank - 47
835,577 835,377
CREDITORS
Amounts falling due within one year 5 120,728 120,528
NET CURRENT ASSETS 714,849 714,849
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

714,849

714,849

LOANS AND OTHER DEBTS DUE TO
MEMBERS

6

704,849

704,849

MEMBERS' OTHER INTERESTS
Capital accounts 10,000 10,000
714,849 714,849

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 6 704,849 704,849
Members' other interests 10,000 10,000
Amounts due from members 4 (7,653 ) (7,453 )
707,196 707,396

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.

Avocet Industrial Estates LLP (Registered number: OC301154)

Balance Sheet - continued
31 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 9 January 2025 and were signed by:





Mill Lodge Properties Limited - Designated member

Avocet Industrial Estates LLP (Registered number: OC301154)

Notes to the Financial Statements
For The Year Ended 31 March 2024

1. STATUTORY INFORMATION

Avocet Industrial Estates 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.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Avocet Industrial Estates LLP (Registered number: OC301154)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include trade and other debtors and cash and bank balances, are measured at transaction price including transaction costs.

Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Other financial assets
Other financial assets are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss.
Trade debtors, loans and other debtors are classified as 'loans and debtors' and are measured at amortised cost using the effective interest method, less any impairment.

Impairment of financial assets
Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.
Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. The impairment loss is recognised in profit or loss.

Derecognition of financial assets
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire, or when it transfers the financial asset and substantially all the risks and rewards of ownership to another entity.

Classification of financial liabilities
Basic financial liabilities including trade and other creditors, bank loans, are recognised at transaction price.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if payment is due within one year. If not, they are presented as creditors falling due after more than one year. Trade creditors are recognised at transaction price.

Classification of financial liabilities
Financial liabilities and members capital are classified according to the substance of the contractual entitlement underlying the instrument. Members capital is any entitlement that evidences a residual interest in the assets of the business after deducting all of its liabilities.

Derecognition of financial liabilities
Financial liabilities are derecognised when, and only when, the company's obligations are discharged, cancelled, or they expire.

Avocet Industrial Estates LLP (Registered number: OC301154)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2024

3. EMPLOYEE INFORMATION

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 100,000 100,000
Other debtors 96,480 96,233
196,480 196,233

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Taxation and social security 119,178 119,178
Other creditors 1,550 1,350
120,728 120,528

6. LOANS AND OTHER DEBTS DUE TO MEMBERS

No protection is afforded to creditors in respect of Members capital and reserves.