Yeocurtis LLP
Filleted Accounts
31 March 2025
Registered number
OC427376
Yeocurtis LLP
Registered number: OC427376
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 1,210,087 1,210,174
Current assets
Debtors 4 8,596 6,645
Cash at bank and in hand 165 714
8,761 7,359
Creditors: amounts falling due within one year 5 (960) (960)
Net current assets 7,801 6,399
Total assets less current liabilities 1,217,888 1,216,573
Creditors: amounts falling due after more than one year 6 (645,292) (645,336)
Net assets attributable to members 572,596 571,237
Represented by:
Loans and other debts due to members 8 282,080 284,368
Members' other interests
Other reserves 290,516 286,869
572,596 571,237
Total members' interests
Loans and other debts due to members 8 282,080 284,368
Members' other interests 290,516 286,869
572,596 571,237
For the year ended 31 March 2025 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied to 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.
The accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The profit and loss account has not been delivered to the Registrar of Companies.
These accounts were approved by the members on 5 August 2025 and signed on their behalf by:
T Yeo
Designated member
Yeocurtis LLP
Notes to the Accounts
for the year ended 31 March 2025
1 Accounting policies
Basis of preparation
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) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships.
Turnover
Turnover represents rent receivable in the year.
Division of profits
Profits are treated as being available for discretionary division only if the LLP has an unconditional right to refuse payment of the profits of a particular year unless and until the members agree to divide them. Profits are otherwise automatically divided and included under Members’ remuneration charged as an expense in the profit and loss account.
Taxation
Taxation is not provided for in the accounts as taxation is the personal liability of the members. Any amounts held by the LLP on behalf of members in respect of their tax liabilities are treated as debts due to members.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings and equipment over 4 years
Investments
Investment property is initially recognised at cost and then subsequently measured at fair value. Changes in value are recognised in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Members' capital
Members' capital is classified as debt and not equity if there is a contractual obligation for the LLP to repay the capital to members, even if that obligation is conditional.
2 Employees 2025 2024
Number Number
Average number of persons employed by the LLP 0 0
3 Tangible fixed assets
Land and buildings Office equipment Fixtures & fittings Total
£ £ £ £
Cost
At 1 April 2024 1,210,000 1,318 350 1,211,668
At 31 March 2025 1,210,000 1,318 350 1,211,668
Depreciation
At 1 April 2024 - 1,318 176 1,494
Charge for the year - - 87 87
At 31 March 2025 - 1,318 263 1,581
Net book value
At 31 March 2025 1,210,000 - 87 1,210,087
At 31 March 2024 1,210,000 - 174 1,210,174
Freehold land and buildings: 2025 2024
£ £
Historical cost 977,000 977,000
Cumulative depreciation based on historical cost - -
977,000 977,000
4 Debtors 2025 2024
£ £
Amounts owed by group undertakings and undertakings in which the LLP has a participating interest 7,819 5,909
Other debtors 777 736
8,596 6,645
5 Creditors: amounts falling due within one year 2025 2024
£ £
Other creditors 960 960
6 Creditors: amounts falling due after one year 2025 2024
£ £
Bank loans 645,292 645,336
7 Loans 2025 2024
£ £
Creditors include:
Instalments falling due for payment after more than five years 645,292 645,336
645,292 645,336
Secured bank loans 645,292 645,336
Security bank loans are mortgages on investment properties.
8 Loans and other debts due to members 2025 2024
£ £
Loans from members 282,080 284,368
Amounts falling due within one year 282,080 284,368
Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up.
9 Other information
Yeocurtis LLP is a limited liability partnership incorporated in England. Its registered office is:
Moat House, High Street
St Briavels
Lydney
GL15 6TA
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