| REGISTERED NUMBER: |
| Report of the Members and |
| Unaudited Financial Statements for the Year Ended 30 November 2024 |
| for |
| Coltham Developments (Sambourne) LLP |
| REGISTERED NUMBER: |
| Report of the Members and |
| Unaudited Financial Statements for the Year Ended 30 November 2024 |
| for |
| Coltham Developments (Sambourne) LLP |
| Coltham Developments (Sambourne) LLP (Registered number: OC325187) |
| Contents of the Financial Statements |
| for the Year Ended 30 November 2024 |
| Page |
| General Information | 1 |
| Report of the Members | 2 |
| Income Statement | 3 |
| Balance Sheet | 4 |
| Reconciliation of Members' Interests | 5 |
| Notes to the Financial Statements | 7 |
| Coltham Developments (Sambourne) LLP |
| General Information |
| for the Year Ended 30 November 2024 |
| DESIGNATED MEMBERS: |
| Coltham Developments Limited |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 121 Heath Lane |
| Stourbridge |
| West Midlands |
| DY8 1BB |
| Coltham Developments (Sambourne) LLP (Registered number: OC325187) |
| Report of the Members |
| for the Year Ended 30 November 2024 |
| The members present their report with the financial statements of the LLP for the year ended 30 November 2024. |
| DESIGNATED MEMBERS |
| The designated members during the year under review were: |
| Coltham Developments Limited |
| RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS |
| The profit for the year before members' remuneration and profit shares was £14,947 (2023 - £158,595 profit). |
| MEMBERS' INTERESTS |
| The members' drawing policy allows each member to draw a proportion of their profit share, subject to the cash |
| requirements of the business. |
| A member's capital requirement is linked to their share of profit and the financing requirement of the limited liability |
| partnership. There is no opportunity for appreciation of the capital subscribed. Just as incoming members introduce |
| their capital at "par", so the retiring members are repaid their capital at "par". |
| ON BEHALF OF THE MEMBERS: |
| Coltham Developments (Sambourne) LLP (Registered number: OC325187) |
| Income Statement |
| for the Year Ended 30 November 2024 |
| 30.11.24 | 30.11.23 |
| £ | £ |
| TURNOVER |
| Cost of sales |
| GROSS PROFIT |
| Administrative expenses |
| OPERATING PROFIT |
| Interest receivable and similar income |
| PROFIT FOR THE FINANCIAL YEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS |
| Coltham Developments (Sambourne) LLP (Registered number: OC325187) |
| Balance Sheet |
| 30 November 2024 |
| 30.11.24 | 30.11.23 |
| Notes | £ | £ |
| CURRENT ASSETS |
| Stocks | 5 |
| Debtors | 6 |
| Cash at bank | 7 |
| CREDITORS |
| Amounts falling due within one year | 8 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| and |
| NET ASSETS ATTRIBUTABLE TO MEMBERS |
178,155 |
192,200 |
| LOANS AND OTHER DEBTS DUE TO MEMBERS |
9 |
178,155 |
192,200 |
| TOTAL MEMBERS' INTERESTS |
| Loans and other debts due to members | 9 | 178,155 | 192,200 |
| 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 |
| Coltham Developments (Sambourne) LLP (Registered number: OC325187) |
| Reconciliation of Members' Interests |
| for the Year Ended 30 November 2024 |
| EQUITY | DEBT | TOTAL |
| Members' | Loans and other debts due to | MEMBERS' |
| other | members less any amounts due | INTERESTS |
| interests | from members in debtors |
| Members' |
| capital |
| Other | (classified | Other |
| reserves | as debt) | amounts | Total | Total |
| £ | £ | £ | £ | £ |
| Amount due to members | 160,000 | 32,200 | 192,200 |
| Amount due from members | - | - | - |
| Balance at 1 December 2023 | - | 160,000 | 32,200 | 192,200 | 192,200 |
| Profit for the financial year available for discretionary division among members |
14,947 |
- |
- |
- |
14,947 |
| Members' interests after profit for the year |
14,947 |
160,000 |
32,200 |
192,200 |
207,147 |
| Other divisions of profit | (14,947 | ) | - | 14,947 | 14,947 | - |
| Reclassifications | - | - | (28,992 | ) | (28,992 | ) | (28,992 | ) |
| Amount due to members | 160,000 | 18,155 | 178,155 |
| Amount due from members | - | - | - |
| Balance at 30 November 2024 | - | 160,000 | 18,155 | 178,155 | 178,155 |
| Coltham Developments (Sambourne) LLP (Registered number: OC325187) |
| Reconciliation of Members' Interests |
| for the Year Ended 30 November 2024 |
| EQUITY |
| Members' other interests |
| Members' |
| capital |
| (classified |
| as | Other |
| equity) | reserves | Total |
| £ | £ | £ |
| Balance at 1 December 2022 | 160,000 | - | 160,000 |
| Profit for the financial year available for discretionary division among members |
- |
158,595 |
158,595 |
| Members' interests after profit for the year | 160,000 | 158,595 | 318,595 |
| Other divisions of profit | - | (158,595 | ) | (158,595 | ) |
| Introduced by members | - | - | - |
| Drawings on account and distributions of profit | - | - | - |
| Reclassifications | - | - | - |
| Balance at 30 November 2023 | 160,000 | - | 160,000 |
| DEBT | TOTAL |
| Loans and other debts due to | MEMBERS' |
| members less any amounts due | INTERESTS |
| from members in debtors |
| Other |
| amounts | Total |
| £ | £ |
| Amount due to members | 195,885 |
| Amount due from members | - |
| Balance at 1 December 2022 | 195,885 | 355,885 |
| Profit for the financial year available for discretionary division among members |
- |
158,595 |
| Members' interests after profit for the year | 195,885 | 514,480 |
| Other divisions of profit | 158,595 | - |
| Introduced by members | 158,595 | 158,595 |
| Drawings on account and distributions of profit | (158,595 | ) | (158,595 | ) |
| Reclassifications | (322,280 | ) | (322,280 | ) |
| Amount due to members | 32,200 |
| Amount due from members | - |
| Balance at 30 November 2023 | 32,200 | 192,200 |
| Coltham Developments (Sambourne) LLP (Registered number: OC325187) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 November 2024 |
| 1. | STATUTORY INFORMATION |
| Coltham Developments (Sambourne) 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 |
| Significant judgements and estimates |
| In the application of the company’s accounting policies, the director is required to make judgements, estimates |
| and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other |
| sources. The estimates and associated assumptions are based on historical experience and other factors that |
| are considered to be relevant. Actual results may differ from these estimates. |
| The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting |
| estimates are recognised in the period in which the estimate is revised where the revision affects only that |
| period, or in the period of the revision and future periods where the revision affects both current and future |
| periods. |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| 3. | EMPLOYEE INFORMATION |
| The average number of employees during the year was NIL (2023 - NIL). |
| 4. | MEMBERS' PARTICIPATING INTERESTS |
| Members' participation rights are the rights of a member against the LLP that arise under the members' |
| agreement (for example, in respect of amounts subscribed or otherwise contributed remuneration and profits). |
| Members' participation rights in the earnings or assets of the LLP are analysed between those that are, from |
| the LLP's perspective, either a financial liability or equity, in accordance with section 22 of FRS 102. A |
| member's participation rights including amounts subscribed or otherwise contributed by members, for example |
| members' capital, are classed as liabilities unless the LLP has an unconditional right to refuse payment to |
| members, in which case they are classified as equity. |
| All amounts due to members that are classified as liabilities are presented within 'Loans and other debts due |
| to members' and, where such an amount relates to current year profits, they are recognised within ‘Members' |
| remuneration charged as an expense’ in arriving at the relevant year’s result. Undivided amounts that are |
| classified as equity are shown within ‘Members' other interests’. Amounts recoverable from members are |
| presented as debtors and shown as amounts due from members within members’ interests. |
| Where there exists an asset and liability component in respect of an individual member’s participation rights, |
| they are presented on a gross basis unless the LLP has both a legally enforceable right to set off the |
| recognised amounts, and it intends either to settle on a net basis or to settle and realise these amounts |
| simultaneously, in which case they are presented net. |
| Once an unavoidable obligation has been created in favour of members through allocation of profits or other |
| means, any indrawn profits remaining at the reporting date are shown as ‘Loans and other debts due to |
| members’ to the extent they exceed debts due from a specific member. |
| Coltham Developments (Sambourne) LLP (Registered number: OC325187) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 November 2024 |
| 5. | STOCKS |
| Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost |
| comprises direct materials and, where applicable, direct labour costs and those overheads that have been |
| incurred in bringing the stocks to their present location and condition. |
| Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement |
| cost, adjusted where applicable for any loss of service potential. |
| At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks |
| over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or |
| loss. Reversals of impairment losses are also recognised in profit or loss |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.11.24 | 30.11.23 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 7. | CASH AT BANK |
| 30.11.24 | 30.11.23 |
| £ | £ |
| Bank account no. 1 | 4,577 | 13,622 |
| Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with |
| banks, other short-term liquid investments with original maturities of three months or less, and bank |
| overdrafts. Bank overdrafts are shown within borrowings in current liabilities. |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.11.24 | 30.11.23 |
| £ | £ |
| Trade creditors |
| Social security and other taxes |
| Other creditors |
| 9. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
| In the event of winding up the amounts included in 'Loans and other debts due to members' will rank equally with unsecured creditors. |