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REGISTERED NUMBER: OC393243 (England and Wales)









REPORT OF THE MEMBERS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

PINFORD END HOLIDAY COTTAGES LLP

PINFORD END HOLIDAY COTTAGES LLP (REGISTERED NUMBER: OC393243)






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




Page

General Information 1

Report of the Members 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 6


PINFORD END HOLIDAY COTTAGES LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DESIGNATED MEMBERS: H S A Brewis
Mrs H L Brewis





REGISTERED OFFICE: 42A High Street
Broadstairs
Kent
CT10 1JT





REGISTERED NUMBER: OC393243 (England and Wales)





ACCOUNTANTS: Kemps Accounting Solutions Limited
Chartered Accountants
42A High Street
Broadstairs
Kent
CT10 1JT

PINFORD END HOLIDAY COTTAGES LLP (REGISTERED NUMBER: OC393243)

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 investment property.

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

H S A Brewis
Mrs H L Brewis
Mrs L K V Brewis
A R F Brewis

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS
The profit for the year before members' remuneration and profit shares was £45,323 (2023 - £103,097 profit).

MEMBERS' INTERESTS

ON BEHALF OF THE MEMBERS:





H S A Brewis - Designated member


28 January 2025

PINFORD END HOLIDAY COTTAGES LLP (REGISTERED NUMBER: OC393243)

INCOME STATEMENT
FOR THE YEAR ENDED 31 MARCH 2024

31.3.24 31.3.23
Notes £    £   

TURNOVER 44,307 23,847

Cost of sales 10,828 9,729
GROSS PROFIT 33,479 14,118

Administrative expenses 18,906 8,991
OPERATING PROFIT 4 14,573 5,127

Gain/loss on revaluation of investments 31,000 99,000
45,573 104,127

Interest payable and similar expenses 250 1,030
PROFIT FOR THE FINANCIAL YEAR
BEFORE MEMBERS' REMUNERATION
AND PROFIT SHARES AVAILABLE
FOR DISCRETIONARY DIVISION
AMONG MEMBERS




45,323




103,097

PINFORD END HOLIDAY COTTAGES LLP (REGISTERED NUMBER: OC393243)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 18,535 3
Investment property 6 889,525 704,214
908,060 704,217

CURRENT ASSETS
Debtors 7 400 -
Cash at bank 477 60,998
877 60,998
CREDITORS
Amounts falling due within one year 8 33,068 18,826
NET CURRENT (LIABILITIES)/ASSETS (32,191 ) 42,172
TOTAL ASSETS LESS CURRENT
LIABILITIES

875,869

746,389

CREDITORS
Amounts falling due after more than one
year

9

160,257

83,555
NET ASSETS ATTRIBUTABLE TO
MEMBERS

715,612

662,834

PINFORD END HOLIDAY COTTAGES LLP (REGISTERED NUMBER: OC393243)

BALANCE SHEET - continued
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
LOANS AND OTHER DEBTS DUE TO
MEMBERS

45,323

-

MEMBERS' OTHER INTERESTS
Capital accounts 670,289 662,834
715,612 662,834

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 45,323 -
Members' other interests 670,289 662,834
715,612 662,834

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





H S A Brewis - Designated member

PINFORD END HOLIDAY COTTAGES LLP (REGISTERED NUMBER: OC393243)

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

1. STATUTORY INFORMATION

Pinford End Holiday Cottages 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 33% on cost and Straight line over 10 years
Fixtures and fittings - 20% on cost
Computer equipment - 25% on 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.

3. EMPLOYEE INFORMATION

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

4. OPERATING PROFIT

The operating profit is stated after charging:

31.3.24 31.3.23
£    £   
Depreciation - owned assets 2,587 399

PINFORD END HOLIDAY COTTAGES LLP (REGISTERED NUMBER: OC393243)

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

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 April 2023 - 2,000 2,130 4,130
Additions 21,119 - - 21,119
At 31 March 2024 21,119 2,000 2,130 25,249
DEPRECIATION
At 1 April 2023 - 1,999 2,128 4,127
Charge for year 2,587 - - 2,587
At 31 March 2024 2,587 1,999 2,128 6,714
NET BOOK VALUE
At 31 March 2024 18,532 1 2 18,535
At 31 March 2023 - 1 2 3

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 704,214
Additions 154,311
Revaluations 31,000
At 31 March 2024 889,525
NET BOOK VALUE
At 31 March 2024 889,525
At 31 March 2023 704,214

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2018 80,000
Valuation in 2019 4,096
Valuation in 2021 (29,000 )
Valuation in 2022 50,000
Valuation in 2023 99,000
Valuation in 2024 31,000
Cost 654,429
889,525

The investment properties fair value at £680,000 this valuation has been provided by the partners. In addition £209,525 was expended on the Glamping Site development as at 31 March 2024.

PINFORD END HOLIDAY COTTAGES LLP (REGISTERED NUMBER: OC393243)

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

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 400 -

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 31,651 17,475
Accrued expenses 1,417 1,351
33,068 18,826

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans - 1-2 years 31,951 83,555
Bank loans more 5 yr by instal 128,306 -
160,257 83,555

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 128,306 -