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Registered Number: OC423880
England and Wales

 

 

 

MY CASTLE SA INVESTMENTS LLP


Unaudited Financial Statements
 


Period of accounts

Start date: 01 April 2024

End date: 28 February 2025
Chartered Accountant's report to the Members on the preparation of the unaudited statutory accounts of My Castle SA Investments LLP for the period ended 28 February 2025


To assist you to fulfil your duties under the Companies Act 2006 as applied to limited liability partnerships by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, we have prepared for your approval the financial statements of My Castle SA Investments LLP which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the LLPs accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.
This report is made solely to the members of My Castle SA Investments LLP, as a body, in accordance with the terms of our engagement letter dated 27 March 2025. Our work has been undertaken solely to prepare for your approval the financial statements of My Castle SA Investments LLP and state those matters that we have agreed to state to the members of My Castle SA Investments LLP, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than My Castle SA Investments LLP and its members as a body, for our work or for this report.

It is your duty to ensure that My Castle SA Investments LLP has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of My Castle SA Investments LLP. You consider that My Castle SA Investments LLP is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of My Castle SA Investments LLP. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.







....................................................
aa Chartered Accountants
5 Blenheim Court
Peppercorn Close
Peterborough
United Kingdom
PE1 2DU
27 March 2025
1
 
 
Notes
 
2025
£
  2024
£
Fixed assets      
Tangible fixed assets   327,971 
  327,971 
Current assets      
Debtors 3   8,742 
Cash at bank and in hand   85,578 
  94,320 
Creditors: amount falling due within one year 4   (94,817)
Net current assets   (497)
 
Total assets less current liabilities   327,474 
Creditors: amount falling due after more than one year 5   (214,217)
Net assets   113,257 
 

Represented by:
Loans and other debts due to members 6 18,237    138,714 
Members' other interest
Members' capital (12,578)   12,578 
Other reserves (5,659)   (38,035)
(18,237)   (25,457)

  113,257 
 

Total members' interests
Loans and other debts due to members 18,237    138,714 
Members' other interests (18,237)   (25,457)
  113,257 
 


For the period ending 28 February 2025 the LLP was entitled to exemption under section 477 of the Companies Act 2006 (as applied to LLPs) relating to small LLPs.

The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions applicable to LLPs subject to the small LLPs regime.The LLP has opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account under section 444(1) of the Companies Act 2006
These accounts were approved by the members and signed on their behalf by:


.............................................................................

Designated Member
Date approved by the members: 27 March 2025
2
General Information
My Castle SA Investments LLP is a limited liability partnership, registered in England and Wales, registration number OC423880, registration address 27 Abbott Way, Tenterden, Kent, TN30 7BZ.

The presentation currency is £ sterling.
The members have decided to close the LLP and therefore a shorten accounting year has been represented.  The comparatives are still based on a twelve month period.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Investment properties
Investment properties are properties held to earn rentals and/or for capital appreciation.
Investment properties should be recognised initially at cost and subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
2.

Average number of employees


Average number of employees during the period was 2 (2024 : 2).
3.

Debtors: amounts falling due within one year

2025
£
  2024
£
Trade Debtors   8,742 
  8,742 

4.

Creditors: amount falling due within one year

2025
£
  2024
£
Trade Creditors   3,711 
Bank Loans & Overdrafts (Secured)   10,542 
Accrued Expenses   2,352 
VAT   78,212 
  94,817 

5.

Creditors: amount falling due after more than one year

2025
£
  2024
£
Bank Loans & Overdrafts (secured)   214,217 
  214,217 

6.

Members' Interests

Members' capital   Other reserves   Total   Loans and other debts due to members less any amounts due from members included in debtors   Total
Balance at 01 April 2024 (12,578)     (12,578)   138,714    126,136 
Profit for the period available for discretionary division among members   (5,659)   (5,659)     (5,659)
Members' interests after profit for the period (12,578)   (5,659)   (18,237)   138,714    120,477 
Introduced by members       1,400    1,400 
Repaid to members       (121,877)   (121,877)
Balance at 28 February 2025 (12,578)   (5,659)   (18,237)   18,237   
 



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