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REGISTERED NUMBER: OC422516 (England and Wales)











Unaudited Financial Statements for the Year Ended 31 May 2024

for

Lemon Assets LLP

Lemon Assets LLP (Registered number: OC422516)






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




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Lemon Assets LLP

General Information
for the Year Ended 31 May 2024







DESIGNATED MEMBERS: Mr Terry Mole
Ms Barbara Mole





REGISTERED OFFICE: ASM House
103A Keymer Road
Hassocks
West Sussex
BN6 8QL





REGISTERED NUMBER: OC422516 (England and Wales)





ACCOUNTANTS: ASM Chartered Accountants
ASM House
103a Keymer Road
Hassocks
West Sussex
BN6 8QL

Lemon Assets LLP (Registered number: OC422516)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 902,491 902,491

CURRENT ASSETS
Debtors 5 585,748 583,938
Cash at bank 758 1,757
586,506 585,695
CREDITORS
Amounts falling due within one year 6 9,870 9,720
NET CURRENT ASSETS 576,636 575,975
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,479,127

1,478,466

CREDITORS
Amounts falling due after more than one year 7 570,147 571,676
NET ASSETS ATTRIBUTABLE TO
MEMBERS

908,980

906,790

LOANS AND OTHER DEBTS DUE TO
MEMBERS

908,980

906,790

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 908,980 906,790
Amounts due from members 5 (18,169 ) (16,859 )
890,811 889,931

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 May 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.

Lemon Assets LLP (Registered number: OC422516)

Balance Sheet - continued
31 May 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:





Mr Terry Mole - Designated member

Lemon Assets LLP (Registered number: OC422516)

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

1. STATUTORY INFORMATION

Lemon Assets 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1 June 2023
and 31 May 2024 902,491
NET BOOK VALUE
At 31 May 2024 902,491
At 31 May 2023 902,491

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 2,804 2,804
Other debtors 582,944 581,134
585,748 583,938

Lemon Assets LLP (Registered number: OC422516)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade creditors 78 -
Other creditors 9,792 9,720
9,870 9,720

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Bank loans 10,147 11,676
Other creditors 560,000 560,000
570,147 571,676