IRIS Accounts Production v24.3.2.46 OC313957 designated member 1.7.23 31.3.24 31.3.24 0 0 false true false false true false Fair value model 0 0 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhOC3139572023-06-30OC3139572024-03-31OC3139572023-07-012024-03-31OC3139572022-06-30OC3139572022-07-012023-06-30OC3139572023-06-30OC313957ns15:EnglandWales2023-07-012024-03-31OC313957ns14:PoundSterling2023-07-012024-03-31OC313957ns10:PartnerLLP12023-07-012024-03-31OC313957ns10:LimitedLiabilityPartnershipLLP2023-07-012024-03-31OC313957ns10:SmallEntities2023-07-012024-03-31OC313957ns10:AuditExempt-NoAccountantsReport2023-07-012024-03-31OC313957ns10:SmallCompaniesRegimeForAccounts2023-07-012024-03-31OC313957ns10:LimitedLiabilityPartnershipsSORP2023-07-012024-03-31OC313957ns10:FullAccounts2023-07-012024-03-31OC313957ns10:PartnerLLP22023-07-012024-03-31OC313957ns10:RegisteredOffice2023-07-012024-03-31OC313957ns5:CurrentFinancialInstruments2024-03-31OC313957ns5:CurrentFinancialInstruments2023-06-30OC313957ns5:PlantMachinery2023-07-012024-03-31OC313957ns5:OwnedAssets2023-07-012024-03-31OC313957ns5:OwnedAssets2022-07-012023-06-30OC313957ns5:PlantMachinery2023-06-30OC313957ns5:PlantMachinery2024-03-31OC313957ns5:PlantMachinery2023-06-30
REGISTERED NUMBER: OC313957 (England and Wales)















Report of the Members and

Unaudited Financial Statements for the Period 1 July 2023 to 31 March 2024

for

Bayleyland LLP

Bayleyland LLP (Registered number: OC313957)






Contents of the Financial Statements
for the Period 1 July 2023 to 31 March 2024




Page

General Information 1

Report of the Members 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 6


Bayleyland LLP

General Information
for the Period 1 July 2023 to 31 March 2024







DESIGNATED MEMBERS: S P Bayley
Mrs A Bayley





REGISTERED OFFICE: Suite 1
Concept House
23 Billet Lane
Hornchurch
Essex
RM11 1XP





REGISTERED NUMBER: OC313957 (England and Wales)





ACCOUNTANTS: Havard & Associates
Suite 1
Concept House
23 Billet Lane
Hornchurch
Essex
RM11 1XP

Bayleyland LLP (Registered number: OC313957)

Report of the Members
for the Period 1 July 2023 to 31 March 2024

The members present their report with the financial statements of the LLP for the period 1 July 2023 to 31 March 2024.

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

S P Bayley
Mrs A Bayley

RESULTS FOR THE PERIOD AND ALLOCATION TO MEMBERS
The loss for the period before members' remuneration and profit shares was £2,777 (2023 - £1,011 profit).

MEMBERS' INTERESTS

ON BEHALF OF THE MEMBERS:





Mrs A Bayley - Designated member


7 February 2025

Bayleyland LLP (Registered number: OC313957)

Income Statement
for the Period 1 July 2023 to 31 March 2024

Period
1.7.23
to Year Ended
31.3.24 30.6.23
Notes £    £   

TURNOVER 1,440 5,920

Administrative expenses 4,217 4,909
OPERATING (LOSS)/PROFIT and
(LOSS)/PROFIT FOR THE FINANCIAL
PERIOD BEFORE MEMBERS'
REMUNERATION AND PROFIT
SHARES AVAILABLE FOR
DISCRETIONARY DIVISION AMONG
MEMBERS





(2,777





)





1,011

Bayleyland LLP (Registered number: OC313957)

Balance Sheet
31 March 2024

31.3.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 119,062 119,086
Investment property 6 1,000,000 1,000,000
1,119,062 1,119,086

CURRENT ASSETS
Cash at bank 5,170 7,266

CREDITORS
Amounts falling due within one year 7 1,482 825
NET CURRENT ASSETS 3,688 6,441
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

1,122,750

1,125,527

LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

367,750

370,527

MEMBERS' OTHER INTERESTS
Capital accounts 755,000 755,000
1,122,750 1,125,527

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 367,750 370,527
Members' other interests 755,000 755,000
1,122,750 1,125,527

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 31 March 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.

Bayleyland LLP (Registered number: OC313957)

Balance Sheet - continued
31 March 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 7 February 2025 and were signed by:





Mrs A Bayley - Designated member

Bayleyland LLP (Registered number: OC313957)

Notes to the Financial Statements
for the Period 1 July 2023 to 31 March 2024

1. STATUTORY INFORMATION

Bayleyland 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.

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 - 20% on reducing balance and not provided

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.

3. EMPLOYEE INFORMATION

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

4. OPERATING (LOSS)/PROFIT

The operating loss (2023 - operating profit) is stated after charging:

Period
1.7.23
to Year Ended
31.3.24 30.6.23
£    £   
Depreciation - owned assets 24 39

Bayleyland LLP (Registered number: OC313957)

Notes to the Financial Statements - continued
for the Period 1 July 2023 to 31 March 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023
and 31 March 2024 126,684
DEPRECIATION
At 1 July 2023 7,598
Charge for period 24
At 31 March 2024 7,622
NET BOOK VALUE
At 31 March 2024 119,062
At 30 June 2023 119,086

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023
and 31 March 2024 1,000,000
NET BOOK VALUE
At 31 March 2024 1,000,000
At 30 June 2023 1,000,000

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2018 1,000,000

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 30.6.23
£    £   
Trade creditors 792 33
Other creditors 690 792
1,482 825

8. LOANS AND OTHER DEBTS DUE TO MEMBERS
31.3.24 30.6.23
£    £   
Amounts owed to members in respect of profits 367,750 370,527

Falling due within one year 367,750 370,527

Loans and other debts due to members will be re-paid after any creditors.