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REGISTERED NUMBER: OC384761 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

RED REEF DEVELOPMENTS LIMITED
LIABILITY PARTNERSHIP

RED REEF DEVELOPMENTS LIMITED
LIABILITY PARTNERSHIP (REGISTERED NUMBER: OC384761)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 3


RED REEF DEVELOPMENTS LIMITED
LIABILITY PARTNERSHIP

GENERAL INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DESIGNATED MEMBERS: S R Booth
D Welch





REGISTERED OFFICE: Parkway Volkswagen
Locomotive Way
Pride Park
Derby
Derbyshire
DE24 8PU





REGISTERED NUMBER: OC384761 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
3 Princes Court
Royal Way
Loughborough
Leicestershire
LE11 5XR

RED REEF DEVELOPMENTS LIMITED
LIABILITY PARTNERSHIP (REGISTERED NUMBER: OC384761)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Inventories - 317,794
Debtors 4 208 296
Cash at bank 54,443 416
54,651 318,506
CREDITORS
Amounts falling due within one year 5 1,095 1,625
NET CURRENT ASSETS 53,556 316,881
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO MEMBERS 53,556 316,881

LOANS AND OTHER DEBTS DUE TO MEMBERS 6 53,554 316,879

MEMBERS' OTHER INTERESTS
Capital accounts 2 2
53,556 316,881

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 6 53,554 316,879
Members' other interests 2 2
53,556 316,881

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.

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





S R Booth - Designated member

RED REEF DEVELOPMENTS LIMITED
LIABILITY PARTNERSHIP (REGISTERED NUMBER: OC384761)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Red Reef Developments Limited Liability Partnership is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

The financial statements cover the individual entity.

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

Inventories
Work in progress is valued at the lower of cost and net realisable value. Cost includes all purchase, transport and handling costs.

3. EMPLOYEE INFORMATION

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 208 296

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 1,095 1,625

6. LOANS AND OTHER DEBTS DUE TO MEMBERS
2024 2023
£    £   
Loans from members - 262,200
Amounts owed to members in respect of profits 53,554 54,679
53,554 316,879

Falling due within one year 53,554 316,879

The loan would rank as an unsecured creditor in the event of a winding up.