| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE PERIOD |
| 2 AUGUST 2023 TO 30 NOVEMBER 2024 |
| FOR |
| CLOISTER LIVING 2023 LLP |
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE PERIOD |
| 2 AUGUST 2023 TO 30 NOVEMBER 2024 |
| FOR |
| CLOISTER LIVING 2023 LLP |
| CLOISTER LIVING 2023 LLP (REGISTERED NUMBER: OC448494) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE PERIOD 2 AUGUST 2023 TO 30 NOVEMBER 2024 |
| Page |
| General Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| CLOISTER LIVING 2023 LLP |
| GENERAL INFORMATION |
| FOR THE PERIOD 2 AUGUST 2023 TO 30 NOVEMBER 2024 |
| DESIGNATED MEMBERS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants and Tax Advisers |
| 1 & 2 Mercia Village |
| Torwood Close |
| Westwood Business Park |
| Coventry |
| West Midlands |
| CV4 8HX |
| CLOISTER LIVING 2023 LLP (REGISTERED NUMBER: OC448494) |
| BALANCE SHEET |
| 30 NOVEMBER 2024 |
| Notes | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 5 |
| NET CURRENT LIABILITIES | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
6 |
| NET ASSETS ATTRIBUTABLE TO MEMBERS |
1,755,609 |
| LOANS AND OTHER DEBTS DUE TO MEMBERS |
8 |
1,755,609 |
| TOTAL MEMBERS' INTERESTS |
| Loans and other debts due to members | 8 | 1,755,609 |
| 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. |
| CLOISTER LIVING 2023 LLP (REGISTERED NUMBER: OC448494) |
| BALANCE SHEET - continued |
| 30 NOVEMBER 2024 |
| The financial statements were approved by the members of the LLP and authorised for issue on |
| CLOISTER LIVING 2023 LLP (REGISTERED NUMBER: OC448494) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE PERIOD 2 AUGUST 2023 TO 30 NOVEMBER 2024 |
| 1. | STATUTORY INFORMATION |
| Cloister Living 2023 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 |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows: |
| Rendering of services: |
| When the outcome of a transaction can be estimated reliably, turnover from rental contracts is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to the rental contracts entered into by customers, |
| Where the outcome cannot be estimated reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable. |
| Tangible fixed assets |
| 3. | EMPLOYEE INFORMATION |
| The average number of employees during the period was |
| 4. | TANGIBLE FIXED ASSETS |
| Land and |
| buildings |
| £ |
| COST |
| Additions |
| At 30 November 2024 |
| NET BOOK VALUE |
| At 30 November 2024 |
| 5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| £ |
| Bank loans and overdrafts |
| Trade creditors |
| Other creditors |
| CLOISTER LIVING 2023 LLP (REGISTERED NUMBER: OC448494) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE PERIOD 2 AUGUST 2023 TO 30 NOVEMBER 2024 |
| 6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| £ |
| Bank loans |
| Amounts falling due in more than five years: |
| Repayable by instalments |
| Bank loans more 5 yr by instal | 695,890 |
| 7. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| £ |
| Bank loans |
| At the balance sheet date, the company had a bank loan with Redwood Bank, secured by a fixed charge over the company’s freehold property. More details of these registered charges can be found at Companies house. |
| 8. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
| Amounts included under the individual partner's current accounts include loans and other debts due to members of the charity. These amounts represent non-interest bearing loans provided by members to support the LLP's activities, they would rank lower than the loans provided by other secured creditors. |