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REGISTERED NUMBER: OC334302 (England and Wales)















REPORT OF THE MEMBERS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

WE MAKE IT HAPPEN LLP

WE MAKE IT HAPPEN LLP (REGISTERED NUMBER: OC334302)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

General Information 1

Report of the Members 2

Income Statement 3

Statement of Financial Position 4

Notes to the Financial Statements 5


WE MAKE IT HAPPEN LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DESIGNATED MEMBERS: P Stavri
L Stavri





REGISTERED OFFICE: 20 Havelock Road
Hastings
East Sussex
TN34 1BP





REGISTERED NUMBER: OC334302 (England and Wales)





ACCOUNTANTS: Ashdown Hurrey
Chartered Accountants & Business Advisers
20 Havelock Road
Hastings
East Sussex
TN34 1BP

WE MAKE IT HAPPEN LLP (REGISTERED NUMBER: OC334302)

REPORT OF THE MEMBERS
FOR THE YEAR ENDED 31 MARCH 2024

The members present their report with the financial statements of the LLP for the year ended 31 March 2024.

PRINCIPAL ACTIVITY
The principal activity of the LLP in the year under review was that of property rental.

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

P Stavri
C A Gould - resigned 06 May 2022
L Stavri

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS
The profit for the year before members' remuneration and profit shares was £564 (2023 - £27,890 loss).

MEMBERS' INTERESTS
The policies regarding the allocation of profits to members, drawings and the subscription and repayment of members' capital are disclosed in the accounting policies, note 1 of the financial statements.

The members' interests are disclosed in note 9 of the financial statements.

ON BEHALF OF THE MEMBERS:





P Stavri - Designated member


28 January 2025

WE MAKE IT HAPPEN LLP (REGISTERED NUMBER: OC334302)

INCOME STATEMENT
FOR THE YEAR ENDED 31 MARCH 2024

31.3.24 31.3.23
£    £   

TURNOVER 106,659 77,692

Cost of sales (32,443 ) (25,374 )
GROSS PROFIT 74,216 52,318

Administrative expenses (73,652 ) (70,947 )
OPERATING PROFIT/(LOSS) 564 (18,629 )


Interest payable and similar expenses - (9,261 )
PROFIT/(LOSS) FOR THE FINANCIAL
YEAR BEFORE MEMBERS'
REMUNERATION AND PROFIT SHARES
AVAILABLE FOR DISCRETIONARY
DIVISION AMONG MEMBERS




564




(27,890




)

WE MAKE IT HAPPEN LLP (REGISTERED NUMBER: OC334302)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 850,000 850,000

CURRENT ASSETS
Debtors 5 77,087 51,154
Cash at bank and in hand 21,703 46,443
98,790 97,597
CREDITORS
Amounts falling due within one year 6 109,650 103,135
NET CURRENT LIABILITIES (10,860 ) (5,538 )
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

839,140

844,462

LOANS AND OTHER DEBTS DUE TO
MEMBERS

7

839,140

844,462

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 7 839,140 844,462
Amounts due from members 5 (19,421 ) (13,945 )
819,719 830,517

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.

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 P Stavri the members of the LLP and authorised for issue on 28 January 2025 and were signed by:




P Stavri - Designated member



L Stavri - Designated member


WE MAKE IT HAPPEN LLP (REGISTERED NUMBER: OC334302)

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

1. STATUTORY INFORMATION

We Make It Happen 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
In preparing the financial statements, the members are required to make an assessment of the ability of the LLP to continue as a going concern. The members have considered all available evidence for the LLP which covers the 12 month period from the date of signing these financial statements. Although net current assets reflect a negative position, the members are optimistic that the company will meet all debt obligations as they fall due.

On the basis of this consideration, the members are satisfied that the LLP has adequate resources to continue in operational existence and to meet its liabilities as they fall due for the foreseeable future. In reaching this conclusion they consider that no material uncertainty exists. As a result, the members have concluded that it remains appropriate to adopt a going concern basis of preparation in these financial statements.

Turnover
Turnover is rental income and is recognised in the period to which the income relates.

Sales of investment properties are recognised on the date of completion and gain or loss made shows in the profit and loss account using market value brought forward as the basis of cost.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Capital subscription and repayment
The capital requirements of the partnership are determined from time to time by the Designated Members. The amount of capital subscribed by each member is linked to the earnings allocated to that member. No interest is paid on capital.

Profit allocation
The allocation of profits to those who were members during the year is made by unanimous vote of the Designated Members.

During the year members draw sums as agreed by the Designated Members, taking into account the partnership's cash requirements for operating and investing activities.

3. EMPLOYEE INFORMATION

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 850,000
NET BOOK VALUE
At 31 March 2024 850,000
At 31 March 2023 850,000

WE MAKE IT HAPPEN LLP (REGISTERED NUMBER: OC334302)

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

4. INVESTMENT PROPERTY - continued

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2009 1,444,000
Valuation in 2012 (75,000 )
Valuation in 2019 (760,585 )
Valuation in 2021 (150,000 )
Cost 391,585
850,000

If property had not been revalued it would have been included at the following historical cost:

31.3.24 31.3.23
£    £   
Cost 391,585 391,585

Investment property was valued on an open market basis on 31 March 2024 by the members .

Property is held on the balance sheet at market value for its existing use and depreciation has not been charged in order to maintain a true and fair view.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 27,909 9,305
Amounts due from members 19,421 13,945
Prepayments 29,757 27,904
77,087 51,154

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 71,093 42,874
Other creditors 34,328 42,078
Deferred income 2,213 1,143
Accrued expenses 2,016 17,040
109,650 103,135

7. LOANS AND OTHER DEBTS DUE TO MEMBERS

The amounts shown in 'Loans and other debts due to members' would rank after other unsecured creditors in the event of a winding up.