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REGISTERED NUMBER: OC438182 (England and Wales)












REPORT OF THE MEMBERS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

CARBIS WHARF WEST LLP

CARBIS WHARF WEST LLP (REGISTERED NUMBER: OC438182)






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 5


CARBIS WHARF WEST LLP

GENERAL INFORMATION
for the year ended 31 March 2024







DESIGNATED MEMBERS: Ms J Caddy
A P Caddy
Ms R Stratford-Bartlett
A Bartlett





REGISTERED OFFICE: 25-29 Sandy Way
Yeadon
Leeds
LS19 7EW





REGISTERED NUMBER: OC438182 (England and Wales)





ACCOUNTANTS: J S White & Co Limited
25-29 Sandy Way
Yeadon
Leeds
LS19 7EW

CARBIS WHARF WEST LLP (REGISTERED NUMBER: OC438182)

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 Development

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

Ms J Caddy
A P Caddy
Ms R Stratford-Bartlett
A Bartlett

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS
The profit for the year before members' remuneration and profit shares was £22,394 (2023 - £2,310 profit).

MEMBERS' INTERESTS

ON BEHALF OF THE MEMBERS:





A Bartlett - Designated member


29 January 2025

CARBIS WHARF WEST LLP (REGISTERED NUMBER: OC438182)

INCOME STATEMENT
for the year ended 31 March 2024

2024 2023
£    £   

TURNOVER 118,835 125,481

Cost of sales 22,863 51,976
GROSS PROFIT 95,972 73,505

Administrative expenses 73,578 65,166
OPERATING PROFIT 22,394 8,339


Interest payable and similar expenses - 6,029
PROFIT FOR THE FINANCIAL YEAR
BEFORE MEMBERS' REMUNERATION
AND PROFIT SHARES AVAILABLE
FOR DISCRETIONARY DIVISION
AMONG MEMBERS




22,394




2,310

CARBIS WHARF WEST LLP (REGISTERED NUMBER: OC438182)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 220,979 168,750
Investment property 5 935,027 935,027
1,156,006 1,103,777

CURRENT ASSETS
Cash at bank 4,583 10,246

CREDITORS
Amounts falling due within one year 6 440,730 440,788
NET CURRENT LIABILITIES (436,147 ) (430,542 )
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

719,859

673,235

LOANS AND OTHER DEBTS DUE TO
MEMBERS

7

719,859

673,235

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 7 719,859 673,235

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 29 January 2025 and were signed by:




A Bartlett - Designated member

CARBIS WHARF WEST LLP (REGISTERED NUMBER: OC438182)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2024

1. STATUTORY INFORMATION

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

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEE INFORMATION

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 168,750
Additions 52,229
At 31 March 2024 220,979
NET BOOK VALUE
At 31 March 2024 220,979
At 31 March 2023 168,750

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 935,027
NET BOOK VALUE
At 31 March 2024 935,027
At 31 March 2023 935,027

CARBIS WHARF WEST LLP (REGISTERED NUMBER: OC438182)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 20,778 23,737
Amounts owed to joint ventures - 60,237
Other creditors 419,952 356,814
440,730 440,788

7. LOANS AND OTHER DEBTS DUE TO MEMBERS

Members rank ahead of other creditors in a liquidation