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REGISTERED NUMBER: OC327922 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Rex Developments LLP

Rex Developments LLP (Registered number: OC327922)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Rex Developments LLP

General Information
for the Year Ended 30 April 2024







DESIGNATED MEMBERS: Rex Trade Associates Limited
S K M Williams
Mrs H A Williams





REGISTERED OFFICE: Harmile House
54 St Marys Lane
Upminster
Essex
RM14 2QT





REGISTERED NUMBER: OC327922 (England and Wales)

Rex Developments LLP (Registered number: OC327922)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £   
CURRENT ASSETS
Stocks 4 - 394,922
Debtors 5 15,539 4,413
Cash at bank 156,718 62,684
172,257 462,019
CREDITORS
Amounts falling due within one year 6 3,201 4,508
NET CURRENT ASSETS 169,056 457,511
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

169,056

457,511

LOANS AND OTHER DEBTS DUE TO
MEMBERS

7

27,374

430,137

MEMBERS' OTHER INTERESTS
Other reserves 141,682 27,374
169,056 457,511

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 7 27,374 430,137
Members' other interests 141,682 27,374
169,056 457,511

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 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.

Rex Developments LLP (Registered number: OC327922)

Balance Sheet - continued
30 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 8 January 2025 and were signed by:





S K M Williams - Designated member

Rex Developments LLP (Registered number: OC327922)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Rex Developments 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.

The financial statements have been prepared on a going concern basis as the members believe that no material uncertainties exist. The members consider the budgeted income, expenditure and cash flows to be sufficient for the LLP to be able to continue as a going concern.

The members have assessed to the best of their abilities the current and potential future impact of the COVID-19 pandemic, to ensure that the LLP can maintain it's day to day activities. The members will take whatever measures they consider to be required during this time to enable the LLP to continue its operations

TURNOVER
Turnover represents rents due exclusive of value added tax.

STOCKS
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Interest incurred in financing property developments is capitalised and included in the carrying value of stocks in the balance sheet.

FINANCIAL INSTRUMENTS
The LLP has elected to apply the provisions of Section 11 'Basic Financial Instruments' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the LLP's balance sheet when the LLP becomes party to the contractual provisions of the instrument.

Cash and cash equivalents
These comprise cash at bank and any short term highly liquid bank deposits with an original maturity of three month or less.

Debtors
Debtors do not carry any interest and are stated at their nominal value. Appropriate allowances for estimated irrecoverable amounts are recognised in the Profit and Loss account when there is evidence that the asset is impaired.

Trade creditors
Trade creditors are not interest bearing and are stated at their nominal value.

3. EMPLOYEE INFORMATION

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

Rex Developments LLP (Registered number: OC327922)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. STOCKS
30.4.24 30.4.23
£    £   
Work-in-progress - 394,922

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Other debtors 11,455 3,768
VAT 3,079 645
Prepayments and accrued income 1,005 -
15,539 4,413

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Accruals and deferred income 3,201 4,508

7. LOANS AND OTHER DEBTS DUE TO MEMBERS

Debts due to members rank equally with other creditors in the event of a winding up.