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REGISTERED NUMBER: OC415289 (England and Wales)
















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: Mr F Ali
Mrs T I Jahan
Radcliffe Property Limited





REGISTERED OFFICE: Unit 2.02 High Weald House
Glovers End
Bexhill
East Sussex
TN39 5ES





REGISTERED NUMBER: OC415289 (England and Wales)





ACCOUNTANTS: Acuity Professional Partnership LLP
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 3,285,000 3,285,000

CURRENT ASSETS
Debtors - 5,221
Cash at bank 1,281 303
1,281 5,524
CREDITORS
Amounts falling due within one year 5 3,480 2,999
NET CURRENT (LIABILITIES)/ASSETS (2,199 ) 2,525
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 (78,086 ) (28,696 )
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 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 period ended 29 January 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.

WINSTON PROPERTY DEVELOPMENTS LLP (REGISTERED NUMBER: OC415289)

STATEMENT OF FINANCIAL POSITION - continued
29 JANUARY 2024


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 by the members of the LLP and authorised for issue on 31 January 2025 and were signed by:





Mr F Ali - Designated member

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
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 as modified by the revaluation of certain assets.

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 2 (2023 - NIL ) .

4. INVESTMENT PROPERTY
Total
£   
Fair value
At 31 January 2023
and 29 January 2024 3,285,000
Net book value
At 29 January 2024 3,285,000
At 30 January 2023 3,285,000

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 3,480 2,999