Caseware UK (AP4) 2024.0.164 2024.0.164 2024-05-312024-05-312023-06-01falseNo description of principal activitytrue0The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.0falsefalse OC411619 2023-06-01 2024-05-31 OC411619 2022-06-01 2023-05-31 OC411619 2024-05-31 OC411619 2023-05-31 OC411619 c:CurrentFinancialInstruments 2024-05-31 OC411619 c:CurrentFinancialInstruments 2023-05-31 OC411619 c:CurrentFinancialInstruments c:WithinOneYear 2024-05-31 OC411619 c:CurrentFinancialInstruments c:WithinOneYear 2023-05-31 OC411619 d:FRS102 2023-06-01 2024-05-31 OC411619 d:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 OC411619 d:FullAccounts 2023-06-01 2024-05-31 OC411619 d:LimitedLiabilityPartnershipLLP 2023-06-01 2024-05-31 OC411619 d:PartnerLLP1 2023-06-01 2024-05-31 OC411619 d:PartnerLLP2 2023-06-01 2024-05-31 OC411619 d:PartnerLLP3 2023-06-01 2024-05-31 OC411619 d:PartnerLLP4 2023-06-01 2024-05-31 OC411619 c:FurtherSpecificReserve2ComponentTotalEquity 2024-05-31 OC411619 c:FurtherSpecificReserve2ComponentTotalEquity 2023-05-31 OC411619 c:FurtherSpecificReserve3ComponentTotalEquity 2024-05-31 OC411619 c:FurtherSpecificReserve3ComponentTotalEquity 2023-05-31 OC411619 e:PoundSterling 2023-06-01 2024-05-31 iso4217:GBP xbrli:pure

Registered number: OC411619









THE LYONS DEN PROPERTY LLP







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

 
THE LYONS DEN PROPERTY LLP
 

INFORMATION



Designated Members
L P R Lyons
T Y Lyons
N T Lyons
K E Lyons

 
THE LYONS DEN PROPERTY LLP
 

CONTENTS



Page
Balance Sheet
 
1 - 2
Notes to the Financial Statements
 
3 - 6


 
THE LYONS DEN PROPERTY LLP
REGISTERED NUMBER: OC411619

BALANCE SHEET
AS AT 31 MAY 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
4,171,039
4,171,039

  
4,171,039
4,171,039

Current assets
  

Cash at bank and in hand
 5 
7,128
8,609

  
7,128
8,609

Creditors: Amounts Falling Due Within One Year
 6 
(9,775)
(11,651)

Net current liabilities
  
 
 
(2,647)
 
 
(3,042)

Total assets less current liabilities
  
4,168,392
4,167,997

  

Net assets
  
4,168,392
4,167,997


Represented by:
  

Loans and other debts due to members within one year
  

Other amounts
 7 
3,538,392
3,537,997

  
3,538,392
3,537,997

Members' other interests
  

Other reserves classified as equity
  
630,000
630,000

  
 
630,000
 
630,000

  
4,168,392
4,167,997


Total members' interests
  

Loans and other debts due to members
 7 
3,538,392
3,537,997

Members' other interests
  
630,000
630,000

  
4,168,392
4,167,997


The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small LLPs regime.

The entity 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.

The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006)
Page 1

 
THE LYONS DEN PROPERTY LLP
REGISTERED NUMBER: OC411619
    
BALANCE SHEET (CONTINUED)
AS AT 31 MAY 2024

Regulations 2008, with respect to accounting records and the preparation of financial statements.

The financial statements have been delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The entity has opted not to file the profit and loss account in accordance with the provisions applicable to entities subject to the small LLPs regime.

The financial statements were approved and authorised for issue by the members and were signed on their behalf by: 




................................................
L P R Lyons
Designated member

Date: 17 March 2025

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
THE LYONS DEN PROPERTY LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1.


General information

The partnership is a limited liability partnership incorporated in England, United Kingdom. The registered number is OC411619 and registered office is situated at Ground Floor, 45 Pall Mall, St. James's, London, SW1Y 5JG.
The LLP’s principal activity is the investments in and letting of real estate and property.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

 
2.2

Revenue

The LLP's turnover represent gross rents recivable, which are accounted for on an accruals basis.

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the LLP and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the LLP will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
THE LYONS DEN PROPERTY LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.3

Division and distribution of profits

A division of profits is the mechanism by which the profits of an LLP become a debt due to members. A division may be automatic or discretionary, may relate to some or all of the profits for a financial period and may take place during or after the end of a financial period.

An automatic division of profits is one where the LLP does not have an unconditional right to avoid making a division of an amount of profits based on the members' agreement in force at the time, whereas a discretionary division of profits requires a decision to be made by the LLP, which it has the unconditional right to avoid making.

The LLP divides profits discretionarily. Discretionary divisions of profits are recognised as amounts due to members, although may be used to offset amounts which have been drawn by members, which are recognised as loan assets repayable.

 
2.4

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees




The entity has no employees.

The average monthly number of employees, including directors, during the year was 0 (2023 - 0).

Page 4

 
THE LYONS DEN PROPERTY LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

4.


Fixed asset investment property





Freehold investment property

£



Cost or valuation


At 1 June 2023
4,171,039



At 31 May 2024
4,171,039





5.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
7,128
8,609

7,128
8,609



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Accruals and deferred income
9,775
11,651

9,775
11,651


Page 5

 
THE LYONS DEN PROPERTY LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

7.


Loans and other debts due to members


2024
2023
£
£



Other amounts due to members
3,538,392
3,537,997

3,538,392
3,537,997

Loans and other debts due to members may be further analysed as follows:

2024
2023
£
£



Falling due after more than one year
3,538,392
3,537,997

3,538,392
3,537,997

Loans and other debts due to members rank equally with debts due to ordinary creditors in the event of a winding up.

 
Page 6