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REGISTERED NUMBER: OC424194 (England and Wales)















Report of the Members and

Unaudited Financial Statements for the Year Ended 30th March 2024

for

Cyott Partnership LLP

Cyott Partnership LLP (Registered number: OC424194)






Contents of the Financial Statements
for the Year Ended 30th March 2024




Page

General Information 1

Report of the Members 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 6


Cyott Partnership LLP

General Information
for the Year Ended 30th March 2024







DESIGNATED MEMBERS: Always Home Limited
P G Hilliard
Mrs J Hilliard





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





REGISTERED NUMBER: OC424194 (England and Wales)





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

Cyott Partnership LLP (Registered number: OC424194)

Report of the Members
for the Year Ended 30th March 2024

The members present their report with the financial statements of the LLP for the year ended 30th March 2024.

PRINCIPAL ACTIVITY
The principal activity of the LLP in the year under review was that of property letting.

DESIGNATED MEMBERS
The designated members during the year under review were:

Always Home Limited
P G Hilliard
Mrs J Hilliard

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS
The profit for the year before members' remuneration and profit shares was £19,111 (2023 - £177,908 profit).

MEMBERS' INTERESTS
Members are remunerated from the profits of the LLP and are required to make their own provision for pensions and other benefits. Profits are allocated and divided between members after finalisation of the financial statements. Members draw a proportion of their profit shares during the year in which it is made, with the balance of profits being distributed after the year end, subject to the cash requirements of the business. Capital is repaid to members on resignation or retirement. Only those members who have contributed capital to the LLP are allocated losses, if the LLP declares a loss in a period.

ON BEHALF OF THE MEMBERS:





P G Hilliard - Designated member


21st August 2025

Cyott Partnership LLP (Registered number: OC424194)

Income Statement
for the Year Ended 30th March 2024

2024 2023
Notes £    £   

TURNOVER 280,354 240,812

Administrative expenses (203,816 ) (124,248 )
76,538 116,564

Other operating income 10,600 -
Gain/loss on revaluation of assets 53,239 160,347
OPERATING PROFIT 4 140,377 276,911

Interest receivable and similar income 838 27
141,215 276,938

Interest payable and similar expenses (122,104 ) (99,030 )
PROFIT FOR THE FINANCIAL YEAR BEFORE
MEMBERS' REMUNERATION AND PROFIT
SHARES AVAILABLE FOR DISCRETIONARY
DIVISION AMONG MEMBERS



19,111



177,908

Cyott Partnership LLP (Registered number: OC424194)

Balance Sheet
30th March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 5 3,749,699 3,885,608

CURRENT ASSETS
Debtors 101,779 112,456
Cash at bank 36,299 412,836
138,078 525,292
CREDITORS
Amounts falling due within one year 6 (21,742 ) (14,011 )
NET CURRENT ASSETS 116,336 511,281
TOTAL ASSETS LESS CURRENT LIABILITIES 3,866,035 4,396,889

CREDITORS
Amounts falling due after more than one
year

7

(2,221,692

)

(2,194,425

)
NET ASSETS ATTRIBUTABLE TO MEMBERS 1,644,343 2,202,464

LOANS AND OTHER DEBTS DUE TO
MEMBERS

9

-

2,202,464

MEMBERS' OTHER INTERESTS
Capital accounts 1,644,343 -
1,644,343 2,202,464

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 9 - 2,202,464
Members' other interests 1,644,343 -
Amounts due from members (101,779 ) (112,456 )
1,542,564 2,090,008

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 30th 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.

Cyott Partnership LLP (Registered number: OC424194)

Balance Sheet - continued
30th March 2024


The financial statements have been prepared in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The financial statements were approved by the members of the LLP and authorised for issue on 21st August 2025 and were signed by:





P G Hilliard - Designated member

Cyott Partnership LLP (Registered number: OC424194)

Notes to the Financial Statements
for the Year Ended 30th March 2024

1. STATUTORY INFORMATION

Cyott Partnership 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 - 25% on cost

3. EMPLOYEE INFORMATION

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

4. OPERATING PROFIT

The operating profit is stated after charging:

2024 2023
£    £   
Depreciation - owned assets 11,951 -

Cyott Partnership LLP (Registered number: OC424194)

Notes to the Financial Statements - continued
for the Year Ended 30th March 2024

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 31st March 2023 3,885,608 - 3,885,608
Additions - 47,803 47,803
Disposals (225,000 ) - (225,000 )
Revaluations 53,239 - 53,239
At 30th March 2024 3,713,847 47,803 3,761,650
DEPRECIATION
Charge for year - 11,951 11,951
At 30th March 2024 - 11,951 11,951
NET BOOK VALUE
At 30th March 2024 3,713,847 35,852 3,749,699
At 30th March 2023 3,885,608 - 3,885,608

Cost or valuation at 30th March 2024 is represented by:

Land and
buildings
£   
Valuation in 2020 203,000
Valuation in 2021 254,000
Valuation in 2022 5,000
Valuation in 2023 160,347
Valuation in 2024 53,239
Cost 3,038,261
3,713,847

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 4,465 -
Other creditors 17,277 14,011
21,742 14,011

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 30,973 -
Other creditors 2,190,719 2,194,425
2,221,692 2,194,425

Cyott Partnership LLP (Registered number: OC424194)

Notes to the Financial Statements - continued
for the Year Ended 30th March 2024

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Mortgages 2,190,719 2,194,425

9. LOANS AND OTHER DEBTS DUE TO MEMBERS

Members rank ahead of other creditors in a liquidation.