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REGISTERED NUMBER: OC371734 (England and Wales)















Financial Statements for the Year Ended 31 March 2024

for

111A Arundel Road Development LLP

111A Arundel Road Development LLP (Registered number: OC371734)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 6

111A Arundel Road Development LLP

General Information
for the Year Ended 31 March 2024







DESIGNATED MEMBERS: A. M. Construction (Southern) Ltd
Wood & Company (Sussex) Ltd





REGISTERED OFFICE: Suite India 1
Maritime House
Basin Road North
Hove
East Sussex
BN41 1WR





REGISTERED NUMBER: OC371734 (England and Wales)





ACCOUNTANTS: Wood & Associates LLP
Chartered Certified Accountants
Maritime House
Basin Road North
Hove
East Sussex
BN41 1WR

111A Arundel Road Development LLP (Registered number: OC371734)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £   
CURRENT ASSETS
Stocks 1,736,468 1,704,772
Debtors 4 1,076,497 685,091
Cash at bank 17,253 721
2,830,218 2,390,584
CREDITORS
Amounts falling due within one year 5 1,799,993 1,360,359
NET CURRENT ASSETS 1,030,225 1,030,225
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,030,225

1,030,225

CREDITORS
Amounts falling due after more than one
year

6

1,030,225

1,030,225
NET LIABILITIES ATTRIBUTABLE TO
MEMBERS

-

-

LOANS AND OTHER DEBTS DUE TO
MEMBERS

-

-

TOTAL MEMBERS' INTERESTS

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 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.

111A Arundel Road Development LLP (Registered number: OC371734)

Balance Sheet - continued
31 March 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 26 February 2025 and were signed by:





Wood & Company (Sussex) Ltd - Designated member

111A Arundel Road Development LLP (Registered number: OC371734)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

111A Arundel Road Development 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.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3. EMPLOYEE INFORMATION

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 1,076,497 685,091

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other creditors 1,799,993 1,360,359

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 1,030,225 1,030,225

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 1,030,225 1,030,225

111A Arundel Road Development LLP (Registered number: OC371734)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Bank loans 1,030,225 1,030,225

8. RELATED PARTY DISCLOSURES

As at 31 March 2024 an amount of £360,448 (2023 : £167,383) was due from Klas Developments Ltd, a company in which the director of the LLP member A.M. Construction (Southern) Ltd , A Martin, is a director.

As at 31 March 2024 an amount of £156,439 (2023 : £156,527) was due from Klas Properties LLP, a partnership in which the LLP member A Martin is a member.

As at 31 March 2024 an amount of £382,443 (2023 : £187,598) was due from S G W Investment Holdings Ltd, a company in which the director of the LLP member Wood & Company (Sussex) Ltd. S Wood, is a director and 100% shareholder.

As at 31 March 2024 an amount of £115,983 (2023 : £120.083) was due from Martin Wood Investments Ltd, a company in which the directors of the LLP members were also directors and equal shareholders.

As at 31 March 2024 an amount of £58,097 (2023 - £52,903 was due from Wood & Company (Sussex) Ltd.

As at 31 March 2024 an amount of £1,022,923 (2023 - £484,118 was owed to A.M. Construction (Southern) Ltd.

As at 31 March 2024 an amount of £93,020 was owed to A Martin (2023 - £99,020).

As at 31 March 2024 an amount of £2,472 was due from J S Developments (Southern) Ltd (2023 - was owed £148,715).

111A Arundel Road Development LLP

Report of the Accountants to the Members of
111A Arundel Road Development LLP

The following reproduces the text of the report prepared for the members in respect of the LLP's annual unaudited financial statements. In accordance with the Companies Act 2006, the LLP is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Members are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2024 set out on pages one to seven and you consider that the LLP is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Wood & Associates LLP
Chartered Certified Accountants
Maritime House
Basin Road North
Hove
East Sussex
BN41 1WR


26 February 2025