| REGISTERED NUMBER: |
| Members' Report and |
| Unaudited Financial Statements |
| for the Year Ended 5 April 2025 |
| for |
| Westgate Land Lease LLP |
| REGISTERED NUMBER: |
| Members' Report and |
| Unaudited Financial Statements |
| for the Year Ended 5 April 2025 |
| for |
| Westgate Land Lease LLP |
| Westgate Land Lease LLP (Registered number: OC315797) |
| Contents of the Financial Statements |
| for the Year Ended 5 April 2025 |
| Page |
| General Information | 1 |
| Members' Report | 2 |
| Profit and Loss Account | 3 |
| Balance Sheet | 4 |
| Reconciliation of Members' Interests | 5 |
| Notes to the Financial Statements | 7 |
| Westgate Land Lease LLP |
| General Information |
| for the Year Ended 5 April 2025 |
| DESIGNATED MEMBERS: |
| Cedar Grove Properties Limited |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Ebenezer House |
| Ryecroft |
| Newcastle under Lyme |
| Staffordshire |
| ST5 2BE |
| Westgate Land Lease LLP (Registered number: OC315797) |
| Members' Report |
| for the Year Ended 5 April 2025 |
| The members present their report with the financial statements of the LLP for the year ended 5 April 2025. |
| DESIGNATED MEMBERS |
| The designated members during the year under review were: |
| Cedar Grove Properties Limited |
| RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS |
| The profit for the year before members' remuneration and profit shares was £NIL (2024 - £728 loss). |
| MEMBERS' INTERESTS |
| Members are permitted to make drawings in anticipation of profits which will be allocated to them. The amount of such drawings is set at the beginning of each financial year, taking in to account the anticipated cash needs of the LLP. |
| New members are required to subscribe a minimum level of capital and in subsequent years, members are invited to subscribe for further capital, the amount of which is determined by the performance and seniority of those members. On retirement capital is repaid to members. |
| ON BEHALF OF THE MEMBERS: |
| Westgate Land Lease LLP (Registered number: OC315797) |
| Profit and Loss Account |
| for the Year Ended 5 April 2025 |
| 2025 | 2024 |
| £ | £ |
| TURNOVER |
| Administrative expenses |
| OPERATING LOSS and |
| LOSS FOR THE FINANCIAL YEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS |
( |
) |
| Westgate Land Lease LLP (Registered number: OC315797) |
| Balance Sheet |
| 5 April 2025 |
| 2025 | 2024 |
| Notes | £ | £ |
| CURRENT ASSETS |
| Debtors |
| Cash at bank |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| and |
| NET ASSETS ATTRIBUTABLE TO MEMBERS | 168 | 1,024 |
| LOANS AND OTHER DEBTS DUE TO MEMBERS | 4 | 168 | 1,024 |
| TOTAL MEMBERS' INTERESTS |
| Loans and other debts due to members | 4 | 168 | 1,024 |
| Amounts due from members | (168 | ) | (73 | ) |
| - | 951 |
| 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. |
| The financial statements were approved by the members of the LLP and authorised for issue on |
| Westgate Land Lease LLP (Registered number: OC315797) |
| Reconciliation of Members' Interests |
| for the Year Ended 5 April 2025 |
| EQUITY | DEBT | TOTAL |
| Members' | Loans and other debts due to | MEMBERS' |
| other | members less any amounts due | INTERESTS |
| interests | from members in debtors |
| Other | Other |
| reserves | amounts | Total |
| £ | £ | £ |
| Amount due to members | 1,024 |
| Amount due from members | (73 | ) |
| Balance at 6 April 2024 | - | 951 | 951 |
| Profit for the financial year available for discretionary division among members |
- |
- |
- |
| Members' interests after profit for the year |
- |
951 |
951 |
| Amount due to members | 168 |
| Amount due from members | (168 | ) |
| Balance at 5 April 2025 | - | 951 | 951 |
| Westgate Land Lease LLP (Registered number: OC315797) |
| Reconciliation of Members' Interests |
| for the Year Ended 5 April 2025 |
| EQUITY | DEBT | TOTAL |
| Members' | Loans and other debts due to | MEMBERS' |
| other | members less any amounts due | INTERESTS |
| interests | from members in debtors |
| Other | Other |
| reserves | amounts | Total |
| £ | £ | £ |
| Amount due to members | 1,679 |
| Amount due from members | - |
| Balance at 6 April 2023 | - | 1,679 | 1,679 |
| Loss for the financial year available for discretionary division among members |
(728 |
) |
- |
(728 |
) |
| Members' interests after loss for the year |
(728 |
) |
1,679 |
951 |
| Other divisions of loss | 728 | (728 | ) | - |
| Amount due to members | 1,024 |
| Amount due from members | (73 | ) |
| Balance at 5 April 2024 | - | 951 | 951 |
| Westgate Land Lease LLP (Registered number: OC315797) |
| Notes to the Financial Statements - continued |
| for the Year Ended 5 April 2025 |
| 1. | STATUTORY INFORMATION |
| Westgate Land Lease LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page. |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| 3. | EMPLOYEE INFORMATION |
| The average number of employees during the year was |
| 4. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
| 2025 | 2024 |
| £ | £ |
| Amounts owed to members in respect of profits | 168 | 1,024 |
| Falling due within one year | 168 | 1,024 |
| Loan and other debts due to members rank equally with debts due to unsecured creditors in the event of a winding up. |