REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD |
31 JANUARY 2023 TO 29 JANUARY 2024 |
FOR |
WINSTON PROPERTY DEVELOPMENTS LLP |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD |
31 JANUARY 2023 TO 29 JANUARY 2024 |
FOR |
WINSTON PROPERTY DEVELOPMENTS LLP |
WINSTON PROPERTY DEVELOPMENTS LLP (REGISTERED NUMBER: OC415289) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 31 JANUARY 2023 TO 29 JANUARY 2024 |
Page |
General Information | 1 |
Statement of Financial Position | 2 |
Notes to the Financial Statements | 4 |
WINSTON PROPERTY DEVELOPMENTS LLP |
GENERAL INFORMATION |
FOR THE PERIOD 31 JANUARY 2023 TO 29 JANUARY 2024 |
DESIGNATED MEMBERS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Unit 2.02 High Weald House |
Glovers End |
Bexhill |
East Sussex |
TN39 5ES |
WINSTON PROPERTY DEVELOPMENTS LLP (REGISTERED NUMBER: OC415289) |
STATEMENT OF FINANCIAL POSITION |
29 JANUARY 2024 |
2024 | 2023 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investment property | 4 |
CURRENT ASSETS |
Debtors |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
and |
NET ASSETS ATTRIBUTABLE TO MEMBERS |
3,282,801 |
3,287,525 |
LOANS AND OTHER DEBTS DUE TO MEMBERS |
75,887 |
31,221 |
MEMBERS' OTHER INTERESTS |
Capital accounts | 3,285,000 | 3,285,000 |
Other reserves | ( |
) | ( |
) |
3,282,801 | 3,287,525 |
TOTAL MEMBERS' INTERESTS |
Loans and other debts due to members | 75,887 | 31,221 |
Members' other interests | 3,206,914 | 3,256,304 |
Amounts due from members | - | (5,221 | ) |
3,282,801 | 3,282,304 |
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. |
WINSTON PROPERTY DEVELOPMENTS LLP (REGISTERED NUMBER: OC415289) |
STATEMENT OF FINANCIAL POSITION - continued |
29 JANUARY 2024 |
The financial statements were approved by the members of the LLP and authorised for issue on |
WINSTON PROPERTY DEVELOPMENTS LLP (REGISTERED NUMBER: OC415289) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 31 JANUARY 2023 TO 29 JANUARY 2024 |
1. | STATUTORY INFORMATION |
Winston Property Developments 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 |
SIGNIFICANT JUDGEMENTS AND ESTIMATES |
In preparing the financial statements, the members are required to make estimates and judgements about the carrying amounts of assets and liabilities. The estimates and assumptions are reviewed on an ongoing basis and are based on historical experience and other factors that are considered by the members to be relevant. Revision to accounting estimates are recognised in the period in which the estimate is revised. |
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. |
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss. |
FINANCIAL INSTRUMENTS |
The limited liability partnership has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. |
Financial instruments are recognised in the limited liability partnership's statement of financial position when the limited liability partnership becomes party to the contractual provisions of the instrument. |
Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. |
3. | EMPLOYEE INFORMATION |
The average number of employees during the period was |
4. | INVESTMENT PROPERTY |
Total |
£ |
Fair value |
At 31 January 2023 |
and 29 January 2024 |
Net book value |
At 29 January 2024 |
At 30 January 2023 |
WINSTON PROPERTY DEVELOPMENTS LLP (REGISTERED NUMBER: OC415289) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 31 JANUARY 2023 TO 29 JANUARY 2024 |
4. | INVESTMENT PROPERTY - continued |
Fair value at 29 January 2024 is represented by: |
£ |
Valuation in 2022 | 380,000 |
Cost | 2,905,000 |
3,285,000 |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Other creditors |