Caseware UK (AP4) 2024.0.164 2024.0.164 2024-07-312024-07-312025-05-152024-07-312025-05-152025-05-15falsetrue2023-08-01falseNo description of principal activity00 OC373429 2023-08-01 2024-07-31 OC373429 2022-08-01 2023-07-31 OC373429 2024-07-31 OC373429 2023-07-31 OC373429 c:CurrentFinancialInstruments 2024-07-31 OC373429 c:CurrentFinancialInstruments 2023-07-31 OC373429 c:CurrentFinancialInstruments 2 2024-07-31 OC373429 c:CurrentFinancialInstruments 2 2023-07-31 OC373429 c:CurrentFinancialInstruments c:WithinOneYear 2024-07-31 OC373429 c:CurrentFinancialInstruments c:WithinOneYear 2023-07-31 OC373429 e:FRS102 2023-08-01 2024-07-31 OC373429 e:Audited 2023-08-01 2024-07-31 OC373429 e:FullAccounts 2023-08-01 2024-07-31 OC373429 e:LimitedLiabilityPartnershipLLP 2023-08-01 2024-07-31 OC373429 c:Subsidiary1 2023-08-01 2024-07-31 OC373429 c:Subsidiary1 1 2023-08-01 2024-07-31 OC373429 e:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 OC373429 e:Consolidated 2024-07-31 OC373429 e:ConsolidatedGroupCompanyAccounts 2023-08-01 2024-07-31 OC373429 6 2023-08-01 2024-07-31 OC373429 e:PartnerLLP1 2023-08-01 2024-07-31 OC373429 e:PartnerLLP2 2023-08-01 2024-07-31 OC373429 c:FurtherSpecificReserve2ComponentTotalEquity 2024-07-31 OC373429 c:FurtherSpecificReserve2ComponentTotalEquity 2023-07-31 OC373429 c:Non-controllingInterests 2024-07-31 OC373429 c:Non-controllingInterests 2023-07-31 iso4217:GBP xbrli:pure

Registered number: OC373429









MYATT'S FIELD DEVELOPMENT LLP









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JULY 2024

 
MYATT'S FIELD DEVELOPMENT LLP
REGISTERED NUMBER: OC373429

CONSOLIDATED BALANCE SHEET
AS AT 31 JULY 2024

2024
2024
2023
2023
Note
£
£
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 6 
11,454
11,454

Cash at bank and in hand
 7 
3,634,644
3,694,824

  
3,646,098
3,706,278

Creditors: amounts falling due within one year
 8 
(2,837,460)
(2,834,460)

Net current assets
  
 
 
808,638
 
 
871,818

Total assets less current liabilities
  
808,638
871,818

  

  

  

Net assets
  
808,638
871,818


Capital and reserves
  

  

Members' other interests
  

Other reserves classified as equity
  
808,638
871,818

  
 
808,638
 
871,818

  
808,638
871,818


Total members' interests
  

Amounts due from members (included in debtors)
 6 
(450)
(450)

Members' other interests
  
808,638
871,818

  
808,188
871,368


Page 1

 
MYATT'S FIELD DEVELOPMENT LLP
REGISTERED NUMBER: OC373429
    
CONSOLIDATED BALANCE SHEET (CONTINUED)
AS AT 31 JULY 2024

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

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 consolidated statement of comprehensive income 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 on 15 May 2025.




Higgins Homes PLC
My8 Development LLP
Designated member
Designated member

The notes on pages 7 to 10 form part of these financial statements.

Myatt's Field Development LLP has no equity and, in accordance with the provisions contained within the Statement of Recommended Practice "Accounting by Limited Liability Partnerships", has not presented a Consolidated Statement of Changes in Equity.

Page 2

 
MYATT'S FIELD DEVELOPMENT LLP
REGISTERED NUMBER: OC373429

LLP BALANCE SHEET
AS AT 31 JULY 2024

2024
2024
2023
2023
Note
£
£
£
£

Fixed assets
  

Investments
 5 
1
1

  
1
1

Current assets
  

Debtors: amounts falling due within one year
 6 
11,454
11,454

Cash at bank and in hand
 7 
3,634,644
3,694,824

  
3,646,098
3,706,278

Creditors: amounts falling due within one year
 8 
(9,288,527)
(9,285,527)

Net current liabilities
  
 
 
(5,642,429)
 
 
(5,579,249)

Total assets less current liabilities
  
(5,642,428)
(5,579,248)

  

  

  


Represented by:
  


Members' other interests
  

Other reserves classified as equity brought forward
  
(5,579,248)
(4,576,318)

Loss for the year available for discretionary division among members
  
(63,180)
(2,930)

Other movements in other reserves

  

-
(1,000,000)

Other reserves classified as equity carried forward
  
(5,642,428)
(5,579,248)

  
(5,642,428)
(5,579,248)

  
(5,642,428)
(5,579,248)


Total members' interests
  

Amounts due from members (included in debtors)
 6 
(450)
(450)

Members' other interests
  
(5,642,428)
(5,579,248)

  
(5,642,878)
(5,579,698)


The entity's financial statements have been prepared in accordance with the provisions applicable to entities
Page 3

 
MYATT'S FIELD DEVELOPMENT LLP
REGISTERED NUMBER: OC373429
    
LLP BALANCE SHEET (CONTINUED)
AS AT 31 JULY 2024

subject to the small LLPs regime.

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

The entity has opted not to file the consolidated statement of comprehensive income 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 on 15 May 2025.




Higgins Homes PLC
My8 Development LLP
Designated member
Designated member

The notes on pages 7 to 10 form part of these financial statements.

Page 4

 
MYATT'S FIELD DEVELOPMENT LLP
 

CONSOLIDATED RECONCILIATION OF MEMBERS' INTERESTS
FOR THE YEAR ENDED 31 JULY 2024






EQUITY
Members' other interests
DEBT
Loans and other debts due to members less any amounts due from members in debtors
Total members' interests
Other reserves
Total
Other amounts
Total
Total

£
£
£
£
£

Amounts due from members 

(450)
(450)


Balance at 1 August 2022 
1,874,748
1,874,748
(450)
(450)
1,874,298

Loss for the year available for discretionary division among members
 
(2,930)
(2,930)
-
-
(2,930)

Members' interests after profit for the year
1,871,818
1,871,818
(450)
(450)
1,871,368

Other division of losses
(1,000,000)
(1,000,000)
-
-
(1,000,000)

Amounts due from members
 


(450)
(450)


Balance at 31 July 2023
 
871,818
871,818
(450)
(450)
871,368

Loss for the year available for discretionary division among members
 
(63,180)
(63,180)
-
-
(63,180)

Members' interests after profit for the year
808,638
808,638
(450)
(450)
808,188

Conversion of members' capital to debt
-
-
-
-
-

Amounts due from members
 


(450)
(450)


Balance at 31 July 2024 
808,638
808,638
(450)
(450)
808,188

Page 5

 
MYATT'S FIELD DEVELOPMENT LLP
 

LLP RECONCILIATION OF MEMBERS' INTERESTS
FOR THE YEAR ENDED 31 JULY 2024







EQUITY
Members' other interests
DEBT
Loans and other debts due to members less any amounts due from members in debtors
Total members' interests

Other reserves
Total
Other amounts
Total
Total

£
£
£
£
£

Amounts due from members 



(450)
(450)


Balance at 1 August 2022 
(4,576,318)
(4,576,318)
(450)
(450)
(4,576,768)

Loss for the year available for discretionary division among members 

(2,930)
(2,930)
-
-
(2,930)

Members' interests after profit for the year 
(4,579,248)
(4,579,248)
(450)
(450)
(4,579,698)

Other division of losses 
(1,000,000)
(1,000,000)
-
-
(1,000,000)

Amounts due from members 



(450)
(450)


Balance at 31 July 2023
(5,579,248)
(5,579,248)
(450)
(450)
(5,579,698)

Loss for the year available for discretionary division among members 

(63,180)
(63,180)
-
-
(63,180)

Members' interests after profit for the year 
(5,642,428)
(5,642,428)
(450)
(450)
(5,642,878)

Amounts due from members 



(450)
(450)

Balance at 31 July 2024

(5,642,428)
(5,642,428)
(450)
(450)
(5,642,878)

There are no existing restrictions or limitations which impact the ability of the members of the LLP to reduce the amount of Members' other interests.

Page 6

 
MYATT'S FIELD DEVELOPMENT LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1.


General information

Myatt's Field Development LLP is a limited liability partnership, incorporated in the United Kingdom, with a registration number OC373429. The registered office is One Langston Road, Loughton, Essex, IG10 3SD.

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006 and the requirements of the Statement of Recommended Practice "Accounting by Limited Liability Partnerships".

The LLP has taken advantage of the exemption allowed under section 408 of the Companies Act 2006 and has not presented its own Statement of Comprehensive Income in these financial statements.

The following principal accounting policies have been applied:

 
2.2

Basis of consolidation

The consolidated financial statements present the results of the LLP and its own subsidiaries ("the Group") as if they form a single entity. Intercompany transactions and balances between group companies are therefore eliminated in full.
The consolidated financial statements incorporate the results of business combinations using the purchase method. In the Balance Sheet, the acquiree's identifiable assets, liabilities and contingent liabilities are initially recognised at their fair values at the acquisition date. The results of acquired operations are included in the Consolidated Statement of Comprehensive Income from the date on which control is obtained. They are deconsolidated from the date control ceases.
In accordance with the transitional exemption available in FRS 102, the group has chosen not to retrospectively apply the standard to business combinations that occurred before the date of transition to FRS 102, being 01 August 2015.

 
2.3

Going concern

The Members have made the decision to wind down the LLP, following the payment of outstanding liabilities. Accordingly, the financial statements have been prepared on the break up basis.

 
2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 7

 
MYATT'S FIELD DEVELOPMENT LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.6

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.

 
2.7

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.

 
2.8

Financial instruments

The Group only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Judgements in applying accounting policies and key sources of estimation uncertainty

The Group makes accounting estimates and judgements on assets and liabilities at the balance sheet date. The Group's estimates and judgements are based on historical experience and expectation of future events and are reviewed periodically.
The Group has made an estimate with regards to potential overage payable based on criteria as set out in the development contract.


4.


Employees

The entity has no employees.

Page 8

 
MYATT'S FIELD DEVELOPMENT LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

5.


Fixed asset investments

LLP





Investments in subsidiary companies

£



Cost or valuation


At 1 August 2023
1



At 31 July 2024
1





Subsidiary undertaking


The following was a subsidiary undertaking of the LLP:

Name

Registered office

Class of shares

Holding

Oval Quarter Developments Limited
One Langston Road, Loughton, Essex,IG10 3SD
Ordinary
100%






Page 9

 
MYATT'S FIELD DEVELOPMENT LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

6.


Debtors



Group
Group
LLP
LLP
2024
2023
2024
2023
£
£
£
£


Other debtors
11,004
11,004
11,004
11,004

Amounts due from members
450
450
450
450

11,454
11,454
11,454
11,454



7.


Cash and cash equivalents

Group
Group
LLP
LLP
2024
2023
2024
2023
£
£
£
£

Cash at bank and in hand
3,634,644
3,694,824
3,634,644
3,694,824

3,634,644
3,694,824
3,634,644
3,694,824



8.


Creditors: Amounts falling due within one year

Group
Group
LLP
LLP
2024
2023
2024
2023
£
£
£
£

Amounts owed to group undertakings
-
-
6,451,067
6,451,067

Accruals and deferred income
2,837,460
2,834,460
2,837,460
2,834,460

2,837,460
2,834,460
9,288,527
9,285,527



9.


Controlling party

There is no ultimate controlling party.


10.


Auditors' information

The auditors' report on the financial statements for the year ended 31 July 2024 was unqualified.

The audit report was signed on 15 May 2025 by Laura Ambrose (Senior Statutory Auditor) on behalf of Haslers.

Page 10