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REGISTERED NUMBER: OC345076 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

LEISURE DEVELOPMENT PARTNERS LLP

LEISURE DEVELOPMENT PARTNERS LLP (REGISTERED NUMBER: OC345076)

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


LEISURE DEVELOPMENT PARTNERS LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DESIGNATED MEMBERS: M J Collins
Y S Coifman
M Collins
N Bakhlina
J R Kennard





REGISTERED OFFICE: Ground Floor
Egerton House
68 Baker Street
Weybridge
Surrey
KT13 8AL





REGISTERED NUMBER: OC345076 (England and Wales)





ACCOUNTANTS: RJP LLP
Ground Floor
Egerton House
68 Baker Street
Weybridge
Surrey
KT13 8AL

LEISURE DEVELOPMENT PARTNERS LLP (REGISTERED NUMBER: OC345076)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 95,950 37,522

CURRENT ASSETS
Debtors 5 810,993 355,294
Cash at bank 645,939 687,899
1,456,932 1,043,193
CREDITORS
Amounts falling due within one year 6 96,316 70,070
NET CURRENT ASSETS 1,360,616 973,123
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,456,566

1,010,645

CREDITORS
Amounts falling due after more than one
year

7

75,324

10,742
NET ASSETS ATTRIBUTABLE TO
MEMBERS

1,381,242

999,903

LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

1,381,242

999,903

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 1,381,242 999,903

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.

LEISURE DEVELOPMENT PARTNERS LLP (REGISTERED NUMBER: OC345076)

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 24 January 2025 and were signed by:





M J Collins - Designated member

LEISURE DEVELOPMENT PARTNERS LLP (REGISTERED NUMBER: OC345076)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Leisure Development Partners 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 amounts chargeable to clients for professional services provided during the year, inclusive of direct expenses incurred on client assignments but excluding Value Added Tax. Turnover is recognised when a right to consideration has been obtained through performance under each contract. Consideration accrues as contract activity progresses by reference to the value of the work performed.

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 - 20% on cost
Fixtures and fittings - 25% on cost
Motor Vehicles - 33% on cost
Computer equipment - 20% on cost

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

Taxation
The taxation payable on the partnership profit is the personal liability of the members therefore neither partnership taxation nor related deferred taxation are accounted for in the financial statements.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 6 (2023 - 6 ) .

LEISURE DEVELOPMENT PARTNERS LLP (REGISTERED NUMBER: OC345076)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 100,591
Additions 94,653
Disposals (62,282 )
At 31 March 2024 132,962
DEPRECIATION
At 1 April 2023 63,069
Charge for year 22,190
Eliminated on disposal (48,247 )
At 31 March 2024 37,012
NET BOOK VALUE
At 31 March 2024 95,950
At 31 March 2023 37,522

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
Additions 90,772
At 31 March 2024 90,772
DEPRECIATION
Charge for year 17,607
At 31 March 2024 17,607
NET BOOK VALUE
At 31 March 2024 73,165

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 716,037 279,404
Other debtors 94,956 75,890
810,993 355,294

LEISURE DEVELOPMENT PARTNERS LLP (REGISTERED NUMBER: OC345076)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 6,705 6,368
Hire purchase contracts 5,126 -
Taxation and social security 78,097 59,357
Other creditors 6,388 4,345
96,316 70,070

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans 3,699 10,742
Hire purchase contracts 71,625 -
75,324 10,742

8. LOANS AND OTHER DEBTS DUE TO MEMBERS
31.3.24 31.3.23
£    £   
Amounts owed to members in respect of profits 1,381,242 999,903

Falling due within one year 1,381,242 999,903

Loans and other debts due to members rank pari passu with unsecured creditors.