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REGISTERED NUMBER: OC421996 (England and Wales)


















REPORT OF THE MEMBERS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

SUMMERHILL INVESTMENTS LLP

SUMMERHILL INVESTMENTS LLP (Registered number: OC421996)






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




Page

General Information 1

Report of the Members 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 6


SUMMERHILL INVESTMENTS LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DESIGNATED MEMBERS: Ms S Seery
LACROIX ESTATES LIMITED





REGISTERED OFFICE: Cobham House
High Street
PO Box 380
Cobham
Surrey
KT11 9EE





REGISTERED NUMBER: OC421996 (England and Wales)





ACCOUNTANTS: Cooper Hathaway Limited
Maple House
High Street
Potters Bar
Hertfordshire
EN6 5BS

SUMMERHILL INVESTMENTS LLP (Registered number: OC421996)

REPORT OF THE MEMBERS
FOR THE YEAR ENDED 30 APRIL 2024

The members present their report with the financial statements of the LLP for the year ended 30 April 2024.

PRINCIPAL ACTIVITY
The principal activity of the LLP in the year under review was that of investment business

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

Ms S Seery
LACROIX ESTATES LIMITED

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS
The profit for the year before members' remuneration and profit shares was £1,158 (2023 - £12,534 profit).

MEMBERS' INTERESTS

ON BEHALF OF THE MEMBERS:





Ms S Seery - Designated member


30 January 2025

SUMMERHILL INVESTMENTS LLP (Registered number: OC421996)

INCOME STATEMENT
FOR THE YEAR ENDED 30 APRIL 2024

30.4.24 30.4.23
Notes £ £

TURNOVER 380,533 356,732

Cost of sales (110,237 ) (211,593 )
GROSS PROFIT 270,296 145,139

Administrative expenses (43,612 ) (25,741 )
OPERATING PROFIT 4 226,684 119,398


Interest payable and similar expenses (225,526 ) (106,864 )
PROFIT FOR THE FINANCIAL YEAR BEFORE
MEMBERS' REMUNERATION AND PROFIT SHARES
AVAILABLE FOR DISCRETIONARY DIVISION
AMONG MEMBERS



1,158



12,534

SUMMERHILL INVESTMENTS LLP (Registered number: OC421996)

BALANCE SHEET
30 APRIL 2024

30.4.24 30.4.23
Notes £ £
FIXED ASSETS
Tangible assets 5 5,569,428 5,553,486

CURRENT ASSETS
Debtors 6 468,727 942,829
Cash at bank 1,761 113,123
470,488 1,055,952
CREDITORS
Amounts falling due within one year 7 (115,875 ) (18,147 )
NET CURRENT ASSETS 354,613 1,037,805
TOTAL ASSETS LESS CURRENT LIABILITIES 5,924,041 6,591,291

CREDITORS
Amounts falling due after more than one year 8 (3,314,656 ) (4,088,197 )
NET ASSETS ATTRIBUTABLE TO MEMBERS 2,609,385 2,503,094

LOANS AND OTHER DEBTS DUE TO MEMBERS 290,466 289,308

MEMBERS' OTHER INTERESTS
Capital accounts 2,318,919 2,213,786
2,609,385 2,503,094

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 290,466 289,308
Members' other interests 2,318,919 2,213,786
2,609,385 2,503,094

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.

SUMMERHILL INVESTMENTS LLP (Registered number: OC421996)

BALANCE SHEET - continued
30 APRIL 2024


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 30 January 2025 and were signed by:





Ms S Seery - Designated member

SUMMERHILL INVESTMENTS LLP (Registered number: OC421996)

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

1. STATUTORY INFORMATION

SUMMERHILL INVESTMENTS 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.

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 etc - 25% on cost

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. OPERATING PROFIT

The operating profit is stated after charging:

30.4.24 30.4.23
£ £
Depreciation - owned assets 3,187 4,249

SUMMERHILL INVESTMENTS LLP (Registered number: OC421996)

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

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£ £ £
COST
At 1 May 2023 5,540,740 16,995 5,557,735
Additions 19,129 - 19,129
At 30 April 2024 5,559,869 16,995 5,576,864
DEPRECIATION
At 1 May 2023 - 4,249 4,249
Charge for year - 3,187 3,187
At 30 April 2024 - 7,436 7,436
NET BOOK VALUE
At 30 April 2024 5,559,869 9,559 5,569,428
At 30 April 2023 5,540,740 12,746 5,553,486

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£ £
Other debtors 468,727 942,829

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£ £
Trade creditors 40,652 -
Other creditors 75,223 18,147
115,875 18,147

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.4.24 30.4.23
£ £
Bank loans 3,314,656 4,088,197

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 3,314,656 4,088,197