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REGISTERED NUMBER: OC418498 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st March 2024

for

K W P P LLP

K W P P LLP (Registered number: OC418498)






Contents of the Financial Statements
for the Year Ended 31st March 2024




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


K W P P LLP

General Information
for the Year Ended 31st March 2024







DESIGNATED MEMBERS: Hartland Homes Ltd
Mrs W White
K E B White
R White





REGISTERED OFFICE: C/O OCG Accountants Ltd
Biz Hub Tees Valley
Belasis Hall Technology Park
Billingham
Co. Durham
TS23 4EA





REGISTERED NUMBER: OC418498 (England and Wales)





ACCOUNTANTS: OCG Accountants Ltd
Biz Hub Tees Valley
Belasis Hall Technology Park
Coxwold Way
Billingham
Co. Durham
TS23 4EA

K W P P LLP (Registered number: OC418498)

Balance Sheet
31st March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 22,290,842 22,408,722

CURRENT ASSETS
Debtors 5 - 92,039
Cash at bank and in hand 91,045 139,044
91,045 231,083
CREDITORS
Amounts falling due within one year 6 (14,902 ) (1,203 )
NET CURRENT ASSETS 76,143 229,880
TOTAL ASSETS LESS CURRENT LIABILITIES 22,366,985 22,638,602

CREDITORS
Amounts falling due after more than one
year

7

(9,333,935

)

(9,544,730

)
NET ASSETS ATTRIBUTABLE TO MEMBERS 13,033,050 13,093,872

LOANS AND OTHER DEBTS DUE TO
MEMBERS

9

-

13,093,872

MEMBERS' OTHER INTERESTS
Capital accounts 13,033,050 -
13,033,050 13,093,872

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 9 - 13,093,872
Members' other interests 13,033,050 -
Amounts due from members 5 - (21,862 )
13,033,050 13,072,010

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 31st March 2024.

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.

K W P P LLP (Registered number: OC418498)

Balance Sheet - continued
31st March 2024


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 26th June 2025 and were signed by:





K E B White - Designated member

K W P P LLP (Registered number: OC418498)

Notes to the Financial Statements
for the Year Ended 31st March 2024

1. STATUTORY INFORMATION

K W P P LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

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 as modified by the revaluation of certain assets.

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

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - in accordance with the property
Plant and machinery etc - 33% on reducing balance and 25% on reducing balance

3. EMPLOYEE INFORMATION

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1st April 2023 22,355,000 153,590 22,508,590
Revaluations (100,000 ) - (100,000 )
At 31st March 2024 22,255,000 153,590 22,408,590
DEPRECIATION
At 1st April 2023 - 99,868 99,868
Charge for year - 17,880 17,880
At 31st March 2024 - 117,748 117,748
NET BOOK VALUE
At 31st March 2024 22,255,000 35,842 22,290,842
At 31st March 2023 22,355,000 53,722 22,408,722

K W P P LLP (Registered number: OC418498)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024

4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 31st March 2024 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2019 (180,000 ) - (180,000 )
Valuation in 2020 (443,884 ) - (443,884 )
Valuation in 2021 527,735 - 527,735
Valuation in 2022 (100,000 ) - (100,000 )
Valuation in 2024 (100,000 ) - (100,000 )
Cost 22,551,149 153,590 22,704,739
22,255,000 153,590 22,408,590

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors - 92,039

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 14,228 1,133
Taxation and social security 674 70
14,902 1,203

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other creditors 9,333,935 9,544,730

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Mortgages 9,333,935 9,544,730

9. LOANS AND OTHER DEBTS DUE TO MEMBERS

Member rank ahead of other creditors in a liquidation