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REGISTERED NUMBER: OC385764 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 SEPTEMBER 2023

FOR

WORSTEAD DEVELOPMENTS LLP

WORSTEAD DEVELOPMENTS LLP (REGISTERED NUMBER: OC385764)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WORSTEAD DEVELOPMENTS LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DESIGNATED MEMBERS: Mr J Coaley
Mr H J Coaley
Mrs M Cocker



REGISTERED OFFICE: 5 Jardine House
Harrovian Business Village
Bessborough Road
Harrow
Middlesex
HA1 3EX



REGISTERED NUMBER: OC385764 (England and Wales)



ACCOUNTANTS: David Simon Limited
Chartered Certified Accountants
5 Jardine House
Harrovian Business Village
Bessborough Road
Harrow
Middlesex
HA1 3EX



BANKERS: Barclays Bank Plc
5 High Road
Willesden Green
London
NW10 2TE

WORSTEAD DEVELOPMENTS LLP (REGISTERED NUMBER: OC385764)

BALANCE SHEET
30 SEPTEMBER 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Stocks 298,111 280,097
Debtors 4 26,485 156,891
Cash at bank and in hand 40 24
324,636 437,012
CREDITORS
Amounts falling due within one year 5 194,653 197,275
NET CURRENT ASSETS 129,983 239,737
TOTAL ASSETS LESS CURRENT
LIABILITIES

129,983

239,737

CREDITORS
Amounts falling due after more than one
year

6

22,011

33,318
NET ASSETS ATTRIBUTABLE TO
MEMBERS

107,972

206,419

LOANS AND OTHER DEBTS DUE TO
MEMBERS

-

-

MEMBERS' OTHER INTERESTS
Capital accounts 107,972 206,419
107,972 206,419

TOTAL MEMBERS' INTERESTS
Members' other interests 107,972 206,419
Amounts due from members 4 - (95,795 )
107,972 110,624

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 year ended 30 September 2023.

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.

WORSTEAD DEVELOPMENTS LLP (REGISTERED NUMBER: OC385764)

BALANCE SHEET - continued
30 SEPTEMBER 2023


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 18 June 2025 and were signed by:





Mrs M Cocker - Designated member

WORSTEAD DEVELOPMENTS LLP (REGISTERED NUMBER: OC385764)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1. STATUTORY INFORMATION

Worstead Developments 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
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.

The financial statements have been prepared on a going concern basis. The LLP has incurred profits of £266 during the year ended 30 September 2019. The validity of this assumption depends on the LLP being able to trade profitably in the future and the continued support of the designated members. The designated members are of the opinion that there is considerable potential in future years and the LLP will trade profitably. The designated members have also expressed their willingness to continue supporting the LLP. Consequently the designated members consider it appropriate for the financial statements to be prepared on a going concern basis.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Taxation
Members are personally liable for taxation on their share of partnership profits and losses. Consequently no reserve for taxation is made in these financial statements, and the profits and losses are shown with 'Members' Interests' or as 'Loans and other debts due to Members' without any deduction for tax.

Government assisted loans
Loans received through the Bounce Back Loan Scheme (BBLS) or the Coronavirus Business Interruption Loan Scheme (CBILS) are accounted for on the date the funds are received by the company. The first twelve months of the interest charge, which is funded by the government, is recognised in the profit and loss account as both an interest charge and as a government grant receivable.

3. EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2022 - NIL).

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 26,485 61,096
Other debtors - 95,795
26,485 156,891

WORSTEAD DEVELOPMENTS LLP (REGISTERED NUMBER: OC385764)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,443 10,164
Trade creditors 37,414 66,716
Taxation and social security 127 13,269
Other creditors 146,669 107,126
194,653 197,275

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 22,011 33,318

7. RELATED PARTY DISCLOSURES

Included within turnover is an amount of £197,325 (2022: £129,498) relating to a Worstead Land and Developments Limited in which the members have a controlling interest. Included within debtors is an amount of £26,485 (2022: £61.096) which is owed to this LLP by a company. Included within creditors is an amount of £137,635 (2022: £66,714.) owed by this LLP to a company.

Included within creditors is an amount of £2,574 (2022: £34,935) owed to the parents of the designated members of the LLP.










8. SECURITY PROVIDED

Helmsley Acceptances Limited have a fixed and floating charge over the assets of the company.