Limited Liability Partnership registration number OC359217 (England and Wales)
Hollins Strategic Land (No 2) LLP
Annual report and unaudited financial statements
For the year ended 30 April 2024
Hollins Strategic Land (No 2) LLP
Contents
Page
Balance sheet
1
Notes to the financial statements
2 - 4
Hollins Strategic Land (No 2) LLP
Balance sheet
As at 30 April 2024
- 1 -
2024
2023
Notes
£
£
£
£
Current assets
Debtors
3
15,352
2,228,529
Cash at bank and in hand
8,121
84,617
23,473
2,313,146
Creditors: amounts falling due within one year
4
(12,640)
(2,292,313)
Net current assets
10,833
20,833
Creditors: amounts falling due after more than one year
5
(10,833)
(20,833)
Net assets attributable to members
-
-
Represented by:

For the financial year ended 30 April 2024 the limited liability partnership was entitled to exemption from audit under section 477 of the Companies Act 2006 as applied by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to small limited liability partnerships.

The members acknowledge their responsibilities for complying with the requirements of the Act as applied to limited liability partnerships with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to limited liability partnerships subject to the small limited liability partnerships regime.

The members of the limited liability partnership have elected not to include a copy of the profit and loss account within the financial statements.

The financial statements were approved by the members and authorised for issue on 28 January 2025 and are signed on their behalf by:
28 January 2025
Mr S L Goodman
Designated member
Limited Liability Partnership registration number OC359217 (England and Wales)
HOLLINS STRATEGIC LAND (NO 2) LLP
Hollins Strategic Land (No 2) LLP
Notes to the financial statements
FOR THE YEAR ENDED 30 APRIL 2024
- 2 -
1
Accounting policies
Limited liability partnership information

Hollins Strategic Land (No 2) LLP is a limited liability partnership incorporated in England and Wales. The registered office is Suite 3, First Floor, Victoria Court, Bexton Road, Knutsford, Cheshire, WA16 0PF.

 

The limited liability partnership's principal activities are disclosed in the Members' Report.

1.1
Accounting convention

These financial statements have been prepared in accordance with the Statement of Recommended Practice "Accounting by Limited Liability Partnerships" issued in December 2021, together with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the limited liability partnership. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Members' participating interests

Members' participation rights are the rights of a member against the LLP that arise under the members' agreement (for example, in respect of amounts subscribed or otherwise contributed remuneration and profits).

 

Members' participation rights in the earnings or assets of the LLP are analysed between those that are, from the LLP's perspective, either a financial liability or equity, in accordance with section 22 of FRS 102. A member's participation rights including amounts subscribed or otherwise contributed by members, for example members' capital, are classed as liabilities unless the LLP has an unconditional right to refuse payment to members, in which case they are classified as equity.

All amounts due to members that are classified as liabilities are presented within 'Loans and other debts due to members' and, where such an amount relates to current year profits, they are recognised within ‘Members' remuneration charged as an expense’ in arriving at the relevant year’s result. Undivided amounts that are classified as equity are shown within ‘Members' other interests’. Amounts recoverable from members are presented as debtors and shown as amounts due from members within members’ interests.

1.3
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.

HOLLINS STRATEGIC LAND (NO 2) LLP
Hollins Strategic Land (No 2) LLP
Notes to the financial statements (continued)
FOR THE YEAR ENDED 30 APRIL 2024
- 3 -
2
Employees

The average number of persons (excluding members) employed by the partnership during the year was:

2024
2023
Number
Number
Total
-
0
-
0
3
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
-
150
Other debtors
15,352
2,228,379
15,352
2,228,529
4
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
10,000
10,000
Trade creditors
1,440
438,100
Other creditors
-
1,838,879
Accruals and deferred income
1,200
5,334
12,640
2,292,313

Bank loans are unsecured.

5
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
10,833
20,833

Bank loans are unsecured.

6
Loans and other debts due to members

In the event of a winding up the amounts included in "Loans and other debts due to members" will rank equally with unsecured creditors.

HOLLINS STRATEGIC LAND (NO 2) LLP
Hollins Strategic Land (No 2) LLP
Notes to the financial statements (continued)
FOR THE YEAR ENDED 30 APRIL 2024
- 4 -
7
Related party transactions
Transactions with related parties

During the year the limited liability partnership entered into the following transactions with related parties:

Other Income
2024
2023
£
£
Entities with common control
1,775
2,281

The following amounts were outstanding at the reporting end date:

2024
2023
Amounts due to related parties
£
£
Other related parties
-
2,276,427

The following amounts were outstanding at the reporting end date:

2024
2023
Amounts due from related parties
£
£
Other related parties
15,352
2,223,704
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