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REGISTERED NUMBER: OC438789 (England and Wales)










Unaudited Financial Statements

for the Period 1 September 2023 to 31 March 2024

for

Abode Property (SE) LLP

Abode Property (SE) LLP (Registered number: OC438789)






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




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Abode Property (SE) LLP

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







DESIGNATED MEMBERS: R P Whiting
M J Whiting
Willow Homes (Whitstable) Ltd





REGISTERED OFFICE: Oaklea House
46 Coatham Road
Redcar
Cleveland
TS10 1RS





REGISTERED NUMBER: OC438789 (England and Wales)





ACCOUNTANTS: SKS Bailey Group Limited
Oaklea House
46 Coatham Road
Redcar
TS10 1RS

Abode Property (SE) LLP (Registered number: OC438789)

Balance Sheet
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 2,351,352 2,520,137

CURRENT ASSETS
Debtors 5 154,267 50,127
Cash at bank 53,093 46,657
207,360 96,784
CREDITORS
Amounts falling due within one year 6 (14,502 ) (15,192 )
NET CURRENT ASSETS 192,858 81,592
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,544,210

2,601,729

CREDITORS
Amounts falling due after more than one year 7 (477,526 ) (477,530 )
NET ASSETS ATTRIBUTABLE TO
MEMBERS

2,066,684

2,124,199

LOANS AND OTHER DEBTS DUE TO
MEMBERS

9

2,066,684

2,124,199

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 9 2,066,684 2,124,199
Amounts due from members 5 (153,572 ) (50,127 )
1,913,112 2,074,072

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.

Abode Property (SE) LLP (Registered number: OC438789)

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 2 April 2025 and were signed by:





M J Whiting - Designated member

Abode Property (SE) LLP (Registered number: OC438789)

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

1. STATUTORY INFORMATION

Abode Property (SE) 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.
Freehold property - Not Provided
Motor vehicles - 25% on reducing balance

3. EMPLOYEE INFORMATION

The average number of employees during the period was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Freehold Motor
property vehicles Totals
£    £    £   
COST OR VALUATION
At 1 September 2023 2,513,000 12,690 2,525,690
Revaluations (167,000 ) - (167,000 )
At 31 March 2024 2,346,000 12,690 2,358,690
DEPRECIATION
At 1 September 2023 - 5,553 5,553
Charge for period - 1,785 1,785
At 31 March 2024 - 7,338 7,338
NET BOOK VALUE
At 31 March 2024 2,346,000 5,352 2,351,352
At 31 August 2023 2,513,000 7,137 2,520,137

Abode Property (SE) LLP (Registered number: OC438789)

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

4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 31 March 2024 is represented by:

Freehold Motor
property vehicles Totals
£    £    £   
Valuation in 2023 (129,000 ) - (129,000 )
Valuation in 2024 (167,000 ) - (167,000 )
Cost 2,642,000 12,690 2,654,690
2,346,000 12,690 2,358,690

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts due from members 153,572 50,127
Prepayments and accrued income 695 -
154,267 50,127

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 13,206 13,883
Accrued expenses 1,296 1,309
14,502 15,192

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other loans (see note 8) 477,526 477,530

8. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due between one and two years:
Loans 477,526 477,530

Abode Property (SE) LLP (Registered number: OC438789)

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

9. LOANS AND OTHER DEBTS DUE TO MEMBERS
2024 2023
£    £   
Amounts owed to members in respect of profits 2,066,684 2,124,199

Falling due within one year 2,066,684 2,124,199

Members rank ahead of other creditors in a liquidation.