OC421191falseproperty investment2023-05-012024-03-31http://www.companieshouse.gov.uk/2023-04-30http://www.companieshouse.gov.uk/cd:Director12023-05-012024-03-31http://www.companieshouse.gov.uk/cd:Director22023-05-012024-03-31http://www.companieshouse.gov.uk/cd:LimitedLiabilityPartnershipLLP2023-05-012024-03-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2023-05-012024-03-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2023-05-012024-03-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2024-03-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-04-30http://www.companieshouse.gov.uk/2023-05-012024-03-31http://www.companieshouse.gov.uk/2023-04-30http://www.companieshouse.gov.uk/cd:FRS1022023-05-012024-03-31http://www.companieshouse.gov.uk/2024-03-31http://www.companieshouse.gov.uk/cd:FullAccounts2023-05-012024-03-31http://www.companieshouse.gov.uk/pt:LandBuildings2023-04-30http://www.companieshouse.gov.uk/pt:LandBuildings2024-03-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: OC421191

SOUTH SEAS MANAGEMENT LLP

ACCOUNTS
FOR THE 336 DAY PERIOD ENDED 31/03/2024

Prepared By:
Victor Stewart
The White House
164 Bridge Road
Sarisbury Green
Hampshire
SO31 7EH

SOUTH SEAS MANAGEMENT LLP

CONTENTS
Page
Report of the Members-
Report of the Accountants-
Profit and Loss Account-
Balance Sheet3
Notes to the Accounts4
The following do not form part of the statutory financial statements:
Trading and Profit and Loss Account-
Profit and Loss Account Summaries-
Capital Accounts-
Current Accounts-

SOUTH SEAS MANAGEMENT LLP

ACCOUNTS
FOR THE 336 DAY PERIOD ENDED 31/03/2024
DESIGNATED MEMBERS
Patrick G Massey
ARLO SERVICES LIMITED
REGISTERED OFFICE
The White House
164 Bridge Road
Sarisbury Green
Southampton
SO31 7EH
COMPANY NUMBER
OC421191
ACCOUNTANTS
Victor Stewart
The White House
164 Bridge Road
Sarisbury Green
Hampshire
SO31 7EH

SOUTH SEAS MANAGEMENT LLP

BALANCE SHEET AT 31/03/2024
20242023
Notes££
FIXED ASSETS
Tangible assets21,158,1491,158,149
CURRENT ASSETS
Debtors3-8,619
Cash at bank and in hand2,41610,341
2,41618,960
CREDITORS: Amounts falling due within one year(17,952)400
NET CURRENT ASSETS20,36818,560
NET ASSETS ATTRIBUTABLE TO MEMBERS1,178,5171,176,709
LOANS AND OTHER DEBTS DUE TO MEMBERS1,178,5171,176,709
MEMBERS ' OTHER INTERESTS
1,178,5171,176,709
TOTAL MEMBERS' INTERESTS
Loans and other debts due to members1,178,5171,176,709
1,178,5171,176,709
For the year ending 31/03/2024 the LLP was entitled to exemption under section 477 of the Companies Act 2006 as modified by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to small LLPs.
The members acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts as modified 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime modified by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to small LLPs.
The members have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the members on 30/01/2025 and signed on their behalf by
.............................
Patrick G Massey
Designated Member

SOUTH SEAS MANAGEMENT LLP

NOTES TO THE ACCOUNTS
FOR THE 336 DAY PERIOD ENDED 31/03/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 and the requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships.
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Land And Buildings %
1c. Turnover
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.
2. TANGIBLE FIXED ASSETS
Land And
BuildingsTotal
££
Cost
At 01/05/20231,281,2501,281,250
At 31/03/20241,281,2501,281,250
Depreciation
At 01/05/2023123,101123,101
At 31/03/2024123,101123,101
Net Book Amounts
At 31/03/20241,158,1491,158,149
At 30/04/20231,158,1491,158,149
3. DEBTORS 20242023
££
Amounts falling due within one year:
Trade debtors-8,619
-8,619

SOUTH SEAS MANAGEMENT LLP

4. EMPLOYEES
20242023
No.No.
Average number of employees--